IMARC Group's latest report, titled "Disconnect Switch Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," finds that the global disconnect switch market size reached US$ 14.2 Billion in 2022. A disconnect switch, also known as an isolator switch, is a key component of an electrical circuit that controls the flow of the electric current. It facilitates interruption of the power flow, enables emergency shutdowns, and allows switching to backup power sources. It consists of a protective casing, wired electrical connections, and an actuating mechanism. The case protects the components against external hazards and prevents exposure to live circuits. The handle or knob can activate or deactivate the switch without opening the casing. At present, the disconnect switch is commonly available in both fusible and non-fusible variants and is widely used to de-energize a circuit to enable the safe maintenance, testing, or repairs of the circuit by providing a visual opening.
Global Disconnect Switch Market Trends:
Rapid industrialization and rising infrastructural development activities represent the primary factors driving the market growth. Moreover, the increasing demand for effective systems for generating, transmitting, and distributing electricity is positively influencing the market growth. Along with this, several favorable initiatives by governments of numerous countries to expand transmission and distribution network infrastructure to ease electricity access have catalyzed market growth. Additionally, there has been a rise in the use of disconnect switches in numerous sectors, including industrial power systems, heavy manufacturing, transmission lines, substations, and urban transportation. In line with this, the surging adoption of low-voltage disconnect switches across numerous industries, such as aviation, telecommunications, railways, transportation, and power generation, as they can be used as main circuit breakers on switchboards, is another major growth-inducing factor. Besides this, the rising concerns about worker safety in the electronics and manufacturing industries are propelling the market growth. Furthermore, the escalating demand for safety switches and disconnectors in assembly lines, material handling units, and conveyor systems to reduce workplace hazards has catalyzed the market growth. Apart from this, rising investments to upgrade aging transmission and distribution infrastructure is contributing to the market growth. Other factors, including the surging adoption of electric vehicles, increasing utilization of safety equipment, and rising electricity consumption, are also anticipated to create a positive market outlook. Looking forward, IMARC Group expects the market value to reach US$ 20.1 Billion by 2028, expanding at a CAGR of 5.9% during 2023-2028.
- On the basis of the type, the market has been bifurcated into fused and non-fused.
- Based on the mount, the market has been divided into panel, DIN rail, and others.
- The market has been categorized based on voltage into low, medium, and high.
- On the basis of the application, the market has been segmented into industrial, residential, and commercial.
- Region-wise, the market has been segregated into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
- The competitive landscape of the market has also been examined, with some of the key players being 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, and Socomec Group S.A.
|Base Year of the Analysis
||Type, Mount, Voltage, Application, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||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 and Socomec Group S.A.
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