IMARC Group, a leading market research company, has recently releases report titled “Disconnect Switch Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” The study provides a detailed analysis of the industry, including the global disconnect switch market size, share, trends, and growth forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the Disconnect Switch Market?
The global disconnect switch market size reached US$ 14.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 20.1 Billion by 2028, exhibiting a growth rate (CAGR) of 5.9% during 2023-2028.
What is Disconnect Switch?
A disconnect switch, also known as an isolator switch, is a vital component of an electric circuit used to interrupt the flow of electrical current. It primarily trips the power flow, enabling emergency shutdowns and facilitating the switching to alternate power sources. The switch is comprised of an enclosure that houses wired electrical contacts and an actuator. The enclosure serves to protect the contents from environmental hazards while preventing users from being exposed to live circuits. These switches are commonly available in fusible and non-fusible variants and are used to de-energize a circuit, providing a visual opening so that the circuit can be safely maintained, tested, or repaired. They provide a simple and effective means of isolating the power supply to equipment, which is essential for maintenance, repair, and inspection activities. As a result, these switches are widely used in several applications, including industrial, commercial, and residential settings.
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What are the growth prospects and trends in the Disconnect Switch industry?
The global market for disconnector switches is experiencing significant growth due to rapid industrialization, extensive infrastructural development, and the increasing demand for efficient systems for the generation, transmission, and distribution of electricity. Besides this, the rapid adoption of low voltage disconnects switches and the rising awareness regarding worker safety in the electronics and manufacturing industries are bolstering the market growth. The market is also being driven by escalating investments to improve aging transmission and distribution infrastructure. Additionally, disconnector switches play a vital role in ensuring the efficient generation, transmission, and distribution of electricity, which is fueling the market growth. Apart from this, the surging demand for efficient and safe electrical systems and the increasing energy demand are propelling the market growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
- Fused
- Non-Fused
Breakup by Mount:
- Panel
- DIN Rail
- Others
Breakup by Voltage:
- Low
- Medium
- High
Breakup by Application:
- Industrial
- Residential
- Commercia
Breakup by Region:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- ABB Ltd.
- CG Power and Industrial Solutions Limited (Avantha Group)
- Eaton Corporation Plc
- General Electric Company
- Havells India Limited
- Littelfuse Inc.
- Mersen
- Rockwell Automation Inc.
- Schneider Electric
- Siemens Aktiengesellschaft
- Socomec Group S.A.
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