Disconnect Switches Market Overview:
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 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.
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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.
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.
The global disconnect switches market is expected to garner steady growth throughout the forecast period, owing to the rapid adoption of automation in various industrial sectors, industrialization, urbanization, and many government initiatives encouraging the expansion of electricity supply network in developing countries. However, some factors are also predicted to hamper the market growth for disconnect switches worldwide. Some of these factors include the fluctuating prices of raw materials that are used in the manufacturing of disconnect switches, the presence of low-quality products by other manufacturers in the industry.
The report published by Market Research Future has profiled many prominent players in the global disconnect switches market. Some of these key players include Eaton Corporation (Ireland), General Electric Company (U.S.), Share-Tech (HK) Limited (China), ABB Ltd. (Switzerland), Elemech International FZE (UAE), Siemens AG (Germany), Schneider Electric SE (France), and Wenzhou Shuguang Fuse Co. Ltd. (China).
December 2018: Siemens has agreed to acquire a 25% share in Coelme Group. Siemens will be obtaining a non-controlling stake in the company. Coelme Group is high-voltage disconnect switches producer, an Italian-based subsidiary of Southern States.
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