Disconnect Switch Market Analysis
The report published by Market Research Future projects that the global Disconnect Switch Market is estimated to register an approximate CAGR of 7% during the assessment period. Some of the factors attributing to this market growth include rapid industrialization, rising demand for energy around the globe, and proliferated expansion of electricity supply systems in many developing economies. Further, urbanization, growing adoption of automation by a variety of industrial sectors, and increasing awareness for safety in many industries are projected to drive the global disconnect switches market exponentially.
The rising industrialization in Asia Pacific countries such as India, China, Indonesia, Malaysia, Singapore, and Australia is likely to be a major driver for the global disconnect switches market. Disconnect switches are used to disconnect a particular apparatus or machinery from the power source so that it can be repaired or checked for maintenance purposes. The importance of disconnect switches is that they are not usually used for normal, regular control of the grid, but only in situations where the power may cause problems, such as in repairs and maintenance. Industrial equipment utilize disconnect switches on a large scale to maintain safety during repair and maintenance operations, which is likely to remain the major driver for the global disconnect switches market over the forecast period. The growing government support to increasing industrial activity is likely to lead to steady growth of the disconnect switches market over the forecast period.
Segmentation
The global disconnect switches market is segmented on the basis of type, mounting type, voltage range, and end users.
By type, the disconnect switches market is segmented into fused and non-fused. The non-fused segment is expected to experience significant growth during the forecast period because it doesn’t require any additional fuse protection.
By mounting type, the market is segmented into panel and DIN rail.
By voltage range, the disconnect switches market is segmented into high, medium, and low voltage switches. The low voltage range segment is estimated to garner significant adoption since the majority of applications lie in the low voltage range, like power distribution, manufacturing, photovoltaic, infrastructure, and commercial applications.
By end users, the market is segmented into utility, manufacturing, infrastructure, and commercial.
Regional Segmentation
Market Research Future has segmented the global disconnect switches market by region into North America, South America, Asia Pacific (APAC), Europe, and the Middle East & Africa (MEA).
The Asia Pacific is prophesied to hold the largest market share for disconnect switches during the forecast timeline. Such growth can be accredited to factors such as rapid industrialization and budding expansion of the electricity supply networks in the region. Emergent economies like India and China have announced various urbanization initiatives like the smart city project, which augment the disconnect switches market in the region further.
Europe and North America are also expected to witness proliferated growth due to technological advancements in the regions. North America and Europe are also predicted to provide many growth opportunities for the players in the disconnect switches market during the forecast period. Major countries contributing to the global disconnect switches market include India, China, U.S., Canada, Germany, the U.K., Brazil, Saudi Arabia, and Japan. China is estimated to be the single largest market for disconnect switches, followed by the U.S. Competitive Analysis:
Leading players in the global disconnect switches market include Wenzhou Shuguang Fuse Co. Ltd., Schneider Electric SE, Siemens AG, Elemech International FZE, ABB Ltd., Share-Tech (HK) Limited, GE, and Eaton Corporation.
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