Disconnect Switch Market Outlook
A disconnect switch is a crucial component of the electric circuit that is used for interrupting the flow of electrical current. The switch consists of a wired electrical actuator and contacts, and an enclosure. The disconnect switch trips the flow of power, which enables emergency shutdowns. The enclosure protects the contents from any type of environmental hazards, further preventing the users from getting exposed to live circuits. Currently, disconnect switches are available in the form of non-fusible and fusible variants and are used to de-energize circuits. They provide a visual opening so the circuit can be safely tested, maintained, or repaired.
What is the expected growth rate of the global disconnect switch market during 2022-2027?
The global disconnect switch market size reached US$ 13.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 19.0 Billion by 2027, exhibiting a growth rate (CAGR) of 6.1% during 2022-2027.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
What are the key factors driving the global disconnect switch market?
The rising demand for efficient systems for transmission, generation, and distribution of electricity is one of the key factors driving the market growth. The increasing awareness regarding the importance of maintaining the safety of workers in the manufacturing and electronics industries is another growth-inducing factor. Besides this, the surging investments to improve the aging transmission and distribution infrastructure is creating a positive outlook for the market.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Who are the key players/companies in the global disconnect switch market?
The report has also analysed the competitive landscape of the market with some of the key players.
- ABB Ltd.
- CG Power and Industrial Solutions Limited (Avantha Group)
- Eaton Corporation Plc
- General Electric Company
- Havells India Limited
- Littelfuse Inc.
- Rockwell Automation Inc.
- Schneider Electric
- Siemens Aktiengesellschaft
- Socomec Group S.A.
What is the breakup of the global disconnect switch market based on ?
The report has categorized the market based on type, mount, voltage and application.
Breakup by Type:
Breakup by Mount:
- DIN Rail
Breakup by Voltage:
Breakup by Application:
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 (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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