In 2022, the global disconnect switch market is expected to be worth US$ 13,650.3 million. The disconnect switch market is expanding due to ongoing investments in transmission and distribution, increased industrialization and urbanisation, and growing safety concerns globally.
The overall demand for disconnect switches is expected to grow at a 5.1% CAGR between 2022 and 2032, reaching approximately 22,451.2 Million by 2032.
When an electric circuit is scheduled for servicing or maintenance, a disconnect switch or isolator switch is used to de-energize or cut off the circuit.
On the basis of electric circuit requirement disconnect switch is categorized into three types; low voltage disconnect switch, medium voltage disconnect switch & high voltage disconnect switch, disconnect switches frequently work as enclosures for overcurrent safety when they have fuses.
Some of them are also a part of larger safety scheme, when they are equipped with a shunt trip which is usually signaled by relays present at any place in the network.
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Disconnect Switch: Market Drivers and Restraint
The key trend responsible for the growth of global disconnect switch is the growth in distribution and transmission network worldwide, as electric power is an essential infrastructure for any developing and developed region, hence every region is trying to expand in the area of power systems.
The key growth drivers of global disconnect switch market are rapid growth of urbanization and industrialization across the globe, and also increasing safety concern among the industrialist regarding their labors/workers, are some factors which are boosting up the growth of global disconnect/isolator switch market across the globe.
On the other hand there are also some factors which are hindering the growth of global disconnect switch market, those restraints are fluctuating price of raw material being used to manufacture these disconnect switch, presence of low quality cheap products by other manufacturers in the market are key restraints of global disconnect switch market.
Disconnect Switch Market: Key Players
The key players of global Disconnect switch market are ABB Limited, General Electric Company, Schneider Electric SE, Crompton Greaves Limited, Havells India Ltd, Siemens AG and others.
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Key Segments Covered In The Disconnect Switch Industry Analysis
Disconnect Switch Market by Operating Voltage:
- Low Voltage Disconnect Switch
- Medium Voltage Disconnect Switch
- High Voltage Disconnect Switch
Disconnect Switch Market by Application:
- Industrial Disconnect Switch
- Commercial Disconnect Switch
- Utility
- Manufacturing
- Inverter-based generation
- Others
Disconnect Switch Market by Region:
- North America Disconnect Switch Market
- Latin America Disconnect Switch Market
- Europe Disconnect Switch Market
- Asia Pacific Disconnect Switch Market
- The Middle East & Africa Disconnect Switch Market
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