Disconnect Switch Market Analysis
The report published by Market Research Future projects that the global
disconnect 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.
A disconnect switch is
used to make sure that the electrical circuit is entirely de-energized to
provide service entrance, fault protection, and maintenance. A disconnect
switch is generally found in electrical distribution and industrial
applications with machinery that need to have their power source removed for
repair or maintenance. It is usually only used for safety isolation and
disconnection during overload, and not intended for reasonable control of the
circuit.
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.
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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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