Industrial segment to dominate the Disconnect Switch Market through 2026
Ongoing research and development activities and rapid infrastructural development is expected to drive the demand for global disconnect switch market in forecast period.
According to TechSci Research report, “Global 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, 2026”, The global disconnect switch market is expected to witness steady growth in the forecast period. 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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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.
“Global 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, 2026” 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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