Disconnect Switch Market Is Anticipated to Grow At A CAGR of 5.16% Through 2031
Rising investments in infrastructural activities and
growing safety concerns are expected to drive the demand of the global
disconnect switch market in the forecast period 2027-2031.
According to TechSci Research report, “Disconnect Switch
Market By Industry Size, Share, Trends, Growth, and Forecast 2027-2031”, The
Global Disconnect Switch Market will grow from USD 17.61 Billion in 2025 to USD
23.82 Billion by 2031 at a 5.16% CAGR. A disconnect switch is used to
separate the electrical circuit from the power source during the maintenance
work. When a disconnected switch is incorporated within a fuse it can also work
as a switch. Disconnector switch finds several applications in prominent
industries. The main application of disconnector switches is to provide the
service entrance and fault protection for motors.
During the case of overload, the disconnector switch
disconnects the heavy machinery and manufacturing equipment for its safety.
Disconnect switches are mainly of two types that is fusible disconnect switch
and non-fusible disconnect switch. The rise in awareness regarding the safety
in manufacturing plants and industries to avoid the cases of casualty is
fueling the demand of the disconnect switch market. Disconnector switches
act as the main switch for many different applications such as motor control centers,
transformers, switchboards, and transmission lines.
The COVID-19 outbreak across the world which has been
declared as a pandemic by World Health Organization has affected several
countries adversely. Leading authorities around the world imposed lockdown
restrictions and released a set of precautionary measures to contain the spread
of novel coronavirus. The manufacturing units were temporarily shut down and
the workers at many places moved back to their native places which created a
shortage of workforce at the manufacturing units.
Due to the restrictions on the import/export activity and
the cross-border trade, the disruption in the supply chain was observed which
also impacted the supply of raw materials. Therefore, the COVID-19 affected the
disconnect switch market growth adversely and after the relaxations offered by
the leading authorities, the market is expected to pick up the pace eventually.
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TOC on "Disconnect Switch Market”.
Global disconnect switch market is segmented into type,
mount, electric phase, voltage, application, regional distribution, and
company.
Based on application, the market can be bifurcated into
industrial, and commercial. The industrial segment is expected to account for
major market share in the forecast period, 2022-2026. Increasing concerns
regarding the safety at the workplace and the growing energy requirements from
the end-user industries are expected to influence the disconnect switch market
growth.
Based on the voltage, the market is divided into low,
medium, and high. The low voltage segment is expected to dominate the market in
the next five years as they find numerous applications in light commercial and
light manufacturing applications. The surge in the expenditure for transmission
and distribution and the increase in the infrastructural and industrial
developments are influencing the growth of the disconnect switch market.
Based on the type, the market can be divided into fused, and
non-fused. The fused segment is expected to witness growth in the next five
years owing to its numerous application in the industrial sector.
ABB Limited, Eaton Corporation Plc, General Electric
Company, Siemens AG, Schneider Electric SE, WEG SA, Crompton Greaves Limited,
Havells India Limited, Mitsubishi Electric Corporation, Littelfuse, Inc. are
the leading players operating in global disconnect switch market.
Market players are increasingly focusing on research and development process to
fuel higher growth in the market. To meet evolving customer demand with respect
to better efficiency and durability, several disconnect manufacturers are
coming up with their technologically advanced offerings.
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“The rise in demand for energy-efficient systems for the
generation, distribution, and transmission of electricity and the rapid growth
of the industries is contributing significantly to the growth of the disconnect
switch market. The growing adoption of low voltage disconnect switch across
prominent industry verticals including telecommunication, aviation,
transportation, railways, and power generation is creating lucrative
opportunities for the growth of the disconnect switch market in the next five years.
To minimize the occupational hazards in the electronics and manufacturing
industry the market players are heavily investing in the growth of the
disconnect switch market till 2026” said Mr. Karan Chechi, Research Director
with TechSci Research, a research based global management consulting firm.
“Disconnect Switch Market By Type (Fused, and Non-Fused)
By Mount (Panel Mounted, DIN Rail Mounted, and Others) By Electric Phase
(Single Phase, and Three Phase) By Voltage (Low, Medium, and High) By
Application (Industrial, and Commercial), By Region, Company Forecast &
Opportunities, 2021-2031F” has evaluated the future growth potential of
global disconnect switch market and provided statistics & information on
market size, shares, structure and future market growth. The report intends to
provide cutting-edge market intelligence and help decision makers take sound
investment decisions. Besides, the report also identifies and analyzes the
emerging trends along with essential drivers, challenges, and opportunities in
the of global disconnect switch market.
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