Market Trends of Sectionalizer Industry
This section covers the major market trends shaping the Sectionalizer Market according to our research experts:
Three-Phase Sectionlizer to Dominate the Market
- The sectionalizer is a self-contained, circuit-opening device used in conjunction with source-side protective devices, such as reclosers or circuit breakers, to isolate faulted sections of electrical distribution systems automatically.
- According to a report in 2018, the Middle East & North African region is expected to invest USD 17.6 billion in smart grid infrastructure, which, in turn, is expected to drive the transmission and distribution network.
- In Africa, several countries had more than 50% of the population without access to electricity. In the forecast period, with growing outreach to power, the demand for sectionalizer is expected to grow significantly.
- According to State Grid Corporation of China (SGCC), the country's energy demand, in 2030, is expected to exceed 10 Petawatt hour (PWH). As a result, there is a need for the expansion of the existing power transmission network, which is expected to drive the demand for sectionalizers.
- USAID's Power Africa initiative and World Banks's Lighting Africa initiative seeks to enable access to electricity to millions of new connections, expanding power distribution market and simultaneously the demand of sectionalizer.
- With the adaptation of smart grid and smart transformer, the demand for three-phase sectionalizers is likely to grow considerably in the forecast period.
Understand The Key Trends Shaping This Market
Download Sample
Asia-Pacific to Dominate the Market
- Asia-Pacific is expected to dominate the market for sectionalizers. The grid expansion and modification in countries like China, India, Japan, and South Korea are one of the major driving factors.
- In 2019, the power supply project for the China-Laos railway was inaugurated. It is likely to build twenty circuits of 115kV transmission lines with a total length of 268 km and extend 11 bays in 10 substations to supply power from the state-run Electricite du Laos' grid to 10 railway traction substations. The project is expected to increase the demand for sectionalizer.
- Nations like Myanmar and Pakistan in 2018 has 57% and 23% population without electricity access. With grid expansion projects in such countries, the demand for sectionalizer is likely to grow significantly.
- The transformer industry in India was growing continuously and reached INR 148 billion in 2018. The continuous growth of transformers is also driving the market considerably.
- Asia-Pacific has several ongoing smart grid development projects and smart city projects, which are creating significant demand for sectionalizers.
Get Analysis on Important Geographic Markets
Download Sample
