According to IMARC Group’s latest report, titled “Disconnect Switch Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global disconnect switch market reached a strong growth in 2020. Also known as an isolator switch, a disconnect switch is mainly used for de-energizing or cutting off the electric circuit during servicing and maintenance. It finds extensive applications in large industries and power distribution. It comprises an actuator, wired electrical contacts and an enclosure that protects the contents from environmental hazards and prevents the users from getting exposed to the live circuits.
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A
considerable increase in infrastructural development on account of rapid
urbanization represents one of the key factors impelling the disconnect switch
market growth. Apart from this, the escalating demand for efficient systems to
generate, transmit and distribute electricity is also strengthening the market
growth. Moreover, there is a rise in the adoption of low voltage disconnect
switches in the aviation, railways, transportation, and telecommunication
sectors. This, in confluence with the growing awareness about the importance of
maintaining the safety of workers in the electronics and manufacturing
industries, is anticipated to fuel the market further. Looking forward, the global disconnect switch market is
expected to grow at a CAGR of 4.3% during the forecast period (2021-2026).
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.
Competitive Landscape with Key Players:
·
ABB Ltd.
·
CG Power and Industrial Solutions Limited (Avantha
Group)
·
Eaton Corporation Plc
·
General Electric Company
·
Havells India Limited
·
Littelfuse Inc.
·
Mersen
·
Rockwell Automation Inc.
·
Schneider Electric
·
Siemens Aktiengesellschaft
·
Socomec Group S.A.
Disconnect Switch Market Segmentation:
Breakup by Type:
·
Fused
· Non-Fused
Breakup by Mount:
·
Panel
·
DIN Rail
· Others
Breakup by Voltage:
·
Low
·
Medium
· High
Breakup by Application:
·
Industrial
·
Residential
· Commercial
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
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the
Global Market
- Value Chain Analysis
- Structure of the Global Market
- 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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