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.
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.
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.
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