Sectionalizer Market

Market Overview:

The global sectionalizer market size reached US$ 1,332 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,774 Billion by 2028, exhibiting a growth rate (CAGR) of 4.2% during 2023-2028. The rising product applications across the food and beverage, manufacturing, and healthcare sectors, favorable government initiatives, escalating demand for continuous power supply, and rapid urbanization and industrialization are some of the major factors propelling the market.

A sectionalizer refers to a self-contained, circuit-opening protective device designed to automatically isolate faulted line sections from the rest of the electrical distribution system. It is commonly used in conjunction with source-side protective equipment, such as reclosers or circuit breakers as it does not have the capacity to break the fault current. It counts the number of interruptions occurring on the circuit by monitoring the number of times the recloser opens. Once the fault has been detected, the sectionalizer opens to isolate the faulty circuit, allowing the recloser to close and re-establish the normal supply to the other circuits. Owing to its properties to reduce outages and fluctuations and maintain a reliable power supply, the sectionalizer finds extensive applications as an efficient and cost-effective solution for sectionalizing large outdoor distribution networks.

The escalating demand for electricity across the globe due to rapid urbanization and industrialization, will fuel the growth of the market during the forecast period. A shift in focus toward renewable power generation has strengthened the need for distribution automation technology, which utilizes the sectionalizer as one of its main components. In addition to this, significant investments in smart grid projects to minimize power interruptions and losses are contributing to the expansion of the market. Also, governments of numerous countries are heavily investing in the upgradation of power infrastructure to meet the rising demand for reliable and continuous power supply. Moreover, the rapid growth of the residential, commercial, and industrial sectors, increasing proliferation of transformers, and the development of smart city projects are other factors that are supporting the market growth.

Sectionalizer Market Trends/Drivers:

Rise in product applications across various industries

The majority of modern medical devices require electricity to operate leading to the widespread adoption of smart electrical distribution systems across hospitals and clinics. As a result, there is a surge in the demand for automatic sectionalizers in healthcare facilities. Besides this, manufacturers rely on large capacity refrigerators to store and preserve food and beverage items. Therefore, the growing need for continuous power supply for refrigeration and heating purposes in the food and beverage (F&B) industry is anticipated to propel the expansion of the market. Also, there is a high product demand in the manufacturing sector owing to its rising need for uninterrupted power supply and electricity transmission. Moreover, the shifting inclination from isolators toward sectionalizers will catalyze the market growth during the forecast period.

Increase in the trend of power distribution automation

Power distribution automation employs devices, such as reclosers, sectionalizer, switches, and feeder protection and control systems, as crucial components. Since sectionalizer is utilized in combination with reclosers to safeguard circuit from fault currents in a distribution network, a rise in the burden of annual economic losses suffered by utilities due to power interruptions is augmenting the expansion of the market. Furthermore, there is an increase in the trend of power distribution automation that improves power reliability and ensures cost-efficient operation of distribution networks. This technology helps power utilities enhance operational efficiency, power quality, and safety, which makes it essential for all utilities. This, in turn, is predicted to provide a positive thrust to the growth of the market during the forecast period.

Surge in favorable government initiatives

Various initiatives undertaken by governments of numerous countries, such as the introduction of performance-based incentive schemes and guaranteed service programs. Such agencies are also adding a reliability component to these schemes wherein the distributors might face a penalty for not meeting their standards or receive a bonus for exceeding them. These schemes are offering direct control to governing bodies and regulators to improve reliability standards as most guarantees are related to outage restoration times and the provision of information about outages such as expected service restoration time. Such favorable government initiatives are expected to fuel the adoption of protective equipment like sectionalizers by distribution operators, thereby driving the market growth during the forecast period.

Sectionalizer Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global sectionalizer market report, along with forecasts at the global, regional, and country levels from 2023-2028. Our report has categorized the market based on phase type, control type, and voltage rating.

Breakup by Phase Type:

• Single Phase
• Three Phase
   

Three phase represents the most popular phase type

The report has provided a detailed breakup and analysis of the market based on the phase type. This includes single phase and three phase. According to the report, three phase represented the largest segment.

A three-phase power system is known for its efficiency in power distribution, and it significantly reduces the copper or aluminum needed for electrical distribution, making it economically attractive. Given that a vast majority of the world's industrial machinery and large electrical installations operate on three-phase power, sectionalizers for these systems are naturally higher in demand. Consequently, the widespread use of three-phase power systems in industrial, commercial, and large-scale residential applications is fueling the segment growth. Furthermore, three-phase systems evenly distribute electrical loads, ensuring smoother operation of machinery and reducing wear and tear. Therefore, the reliability and operational benefits of three-phase systems catalyze the demand for three-phase sectionalizers. As more regions continue to industrialize and urbanize, the adoption of efficient and reliable power distribution systems like the three-phase becomes indispensable, further driving the growth of this segment.

Breakup by Control Type:

• Resettable Electronic Sectionalizer
• Programmable Resettable Sectionalizer
   

Resettable electronic sectionalizer holds the largest share in the market

A detailed breakup and analysis of the market based on the control type has also been provided in the report. This includes resettable electronic and programmable resettable sectionalizers. According to the report, resettable electronic sectionalizer accounted for the largest market share.

Resettable electronic sectionalizers have gained immense popularity in recent years owing to their advanced features and versatility. Unlike traditional sectionalizers that may need manual intervention or replacement after operation, resettable electronic variants offer the ability to automatically reset after isolating fault conditions, enhancing system reliability and reducing downtime. This automated resetting capability can be invaluable in scenarios where quick restoration of power is crucial. Moreover, these electronic devices come with advanced monitoring and diagnostic capabilities, enabling real-time insights into the network's health and performance. This assists in proactive maintenance and reducing operational costs. Additionally, as the world shifts toward smarter and more interconnected grids, the integration capability of resettable electronic sectionalizers with modern grid infrastructure further makes them an attractive option. Thus, the combination of reliability, operational efficiency, and compatibility with smart grid technologies is propelling the growth of the segment.

Breakup by Voltage Rating:

• Up To 15 KV
• 16-27 KV
• 28-38 KV
   

The report has provided a detailed breakup and analysis of the sectionalizer market based on the voltage rating. This includes Up To 15 KV, 16-27 KV, and 28-38 KV. 

Up To 15 KV sectionalizers are designed to operate in systems with a voltage rating of 15 kilovolts (KV) or less. They are typically found in low voltage networks, commonly serving residential areas, small commercial establishments, and certain rural distributions. Given their voltage range, these sectionalizers are more prevalent in regions with a dense population of low-rise buildings and lower industrial presence.

Sectionalizers in the category of 16-27 KV are tailored for medium voltage networks. They are commonly used in urban and suburban power distribution, serving both residential and commercial areas. In addition, they might be found in certain light industrial settings. Their design allows them to handle a broader voltage spectrum, making them suitable for a wider range of applications compared to the lower voltage counterparts.

28-38 KV are high-end medium voltage sectionalizers mainly used in heavy industrial areas, large commercial establishments, and in portions of the grid that serve a large number of consumers or have high power demands. Due to their higher voltage capacity, these sectionalizers are crucial for ensuring consistent power delivery in regions with significant industrial activities.

Breakup by Region:

• North America
  • United States
  • Canada
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Others
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

North America exhibits a clear dominance in the market

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America was the largest regional market for sectionalizer.

North America held the biggest market share since the region boasts a well-established and extensive power distribution infrastructure, necessitating a robust demand for sectionalizers for maintenance, upgrade, and expansion projects. Moreover, the rising emphasis on grid modernization, particularly in the United States and Canada, has spurred investments in advanced distribution equipment, including resettable electronic sectionalizers. This modernization aims to enhance grid reliability, accommodate renewable energy integration, and ensure resilience against natural calamities and external threats. Furthermore, the industrial and commercial sectors in the North America region are vast and continuously evolving, requiring consistent and efficient power distribution, which further escalates the product demand. Another contributing aspect is the region's regulatory framework and standards, emphasizing safety and efficiency in power distribution, which have indirectly fostered the growth of the market. The amalgamation of these factors contributes to the leading position of the market.

Competitive Landscape:

The market is experiencing stable growth due to a substantial rise in demand and new product launches. Various key players are implementing strategic initiatives and engaging in merger and acquisition (M&A) activities to expand their geographical footprint and customer base across the globe. The market is witnessing an increase in research-related efforts and investments by the leading manufacturers resulting in technological advancements, improved supply chain as well as the optimum utilization of raw materials for making high quality products at lower costs. We also expect the market to witness new entrants, consolidation of product portfolios, and a rise in strategic partnerships and collaborations among key players to drive healthy competition within the sectionalizer industry during the forecast period.

The report has provided a comprehensive analysis of the competitive landscape in the global sectionalizer market. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

• ABB Ltd.
• Bevins Co.
• Eaton Corporation plc
• Elektrolites (Power) Pvt. Ltd
• G&W Electric Company
• Hubbell Incorporated
• Hughes Power System AB
• Schneider Electric SE

Sectionalizer Market Report Scope:

Report Coverage:

Key Questions Answered in This Report:

• How has the global sectionalizer market performed so far, and how will it perform in the coming years?
• What are the drivers, restraints, and opportunities in the global sectionalizer market?
• What is the impact of each driver, restraint, and opportunity on the global sectionalizer market?
• What are the key regional markets?
• Which countries represent the most attractive sectionalizer market?
• What is the breakup of the market based on the phase type?
• Which is the most attractive phase type in the sectionalizer market?
• What is the breakup of the market based on the control type?
• Which is the most attractive control type in the sectionalizer market?
• What is the breakup of the market based on the voltage rating?
• Which is the most attractive voltage rating in the sectionalizer market?
• What is the competitive structure of the global sectionalizer market?
• Who are the key players/companies in the global sectionalizer market?

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the sectionalizer market from 2017-2028.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the global sectionalizer market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the sectionalizer industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.