Market Leader - Sectionalizer Market
The global sectionalizer market is expected to reach USD 2.0 billion by 2027 from an estimated USD 1.6 billion in 2022, at a CAGR of 5.2% from 2022 to 2027. Rapid industrialization and urbanization has led to the increase in the power demand worldwide. There is a need to provide reliable power supply with minimum chance of outages. Hence, there is a driving demand for the sectionalizers to increase the reliability on the transmission and distribution networks.
There are several voltage ratings with respect to different end users. A few major players have a wide regional presence and dominate the sectionalizer market. The leading players in the sectionalizer market include ABB (Switzerland), Siemens (Germany), G&W Electric (US), Hubbell (US), Schneider Electric (France), and Eaton (Ireland).
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Product launches are among the key growth strategies adopted by leading companies such as ABB (Switzerland), Siemens (Germany), Schneider Electric (France), and Eaton (Ireland) to boost their position in the sectionalizer market. The leading companies in the sectionalizer market focus on partnerships, sales contracts, agreements, product launches, acquisitions, contracts, joint ventures, expansions, and investments to increase their market shares and expand their geographic presence.
ABB is a technology leader in electrification products, power grids, industrial automation, and robotics for utilities, transport, and infrastructure industries. The company’s recloser and sectionalizer products are offered under its electrification business segment. Under the same segment, ABB also offers services, products, and connected solutions across the electricity value chain—from the substation to global consumption. In 2020, ABB completed the divestment of 80.1% of its Power Grids business to Hitachi. The divestment allowed ABB to focus on key market trends such as the electrification of transport and industrial sectors, automated manufacturing, digital solutions, and increased sustainable productivity. ABB is focusing on opening a new smart plant wherein it can manufacture power distribution products in India. The factory will manufacture indoor items such as auto reclosers and outdoor products such as medium voltage sectionalizers for substations such as live tank vacuum-circuit breakers and gas-insulated switchgear.
Eaton Corporation is one of the worlds leading power management equipment manufacturers that provides energy-efficient solutions to manage electrical, mechanical, and hydraulic power. The company operates through six business segments: Electrical Americas, Electrical Global, Aerospace, Vehicle, Hydraulics, and e-Mobility. The company offers reclosers through its Electrical Americas and Electrical Global segments. These two segments consist of electrical components, industrial components, residential products, single-phase power quality, emergency lighting, fire detection, wiring devices, structural support systems, and circuit protection and lighting products. Electrical products offered through the Electrical Americas and Electrical Global business segments are overhead switches and sectionalizers, UPS systems, circuit breakers, meters, sensors, load centres, motor controls, panel boards, inverters, and relays. Eaton has a presence in more than 175 countries worldwide and operates through more than 40 subsidiaries across the globe.
Related Reports:
Sectionalizer Market by Phase Type (Three Phase and Single Phase), Control Type (Resettable Electronic and Programmable Resettable), Voltage Rating (Up to 15 kV, 16-27 kV, and 28-38 kV), and Region - Global Forecast to 2027
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