According to IMARC Group’s latest report, titled “Disconnect Switch Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global market reached a strong growth in 2020-2025. A disconnect switch is a crucial component of the electric circuit that is used for interrupting the flow of electrical current. The switch consists of a wired electrical actuator and contacts, and an enclosure. The disconnect switch trips the flow of power, which enables emergency shutdowns. The enclosure protects the contents from any type of environmental hazards, further preventing the users from getting exposed to live circuits. Currently, disconnect switches are available in the form of non-fusible and fusible variants and are used to de-energize circuits. They provide a visual opening so the circuit can be safely tested, maintained, or repaired.
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The rising demand for efficient systems for transmission, generation, and distribution of electricity is one of the key factors driving the market growth. The increasing awareness regarding the importance of maintaining the safety of workers in the manufacturing and electronics industries is another growth-inducing factor. Besides this, the surging investments to improve the aging transmission and distribution infrastructure is creating a positive outlook for the market. Looking forward, the global disconnect switch market is expected to grow at a CAGR of 4.3% during the forecast period (2021-2026).
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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.
- Rockwell Automation Inc.
- Schneider Electric
- Siemens Aktiengesellschaft
- Socomec Group S.A.
Disconnect Switch Market Segmentation:
- DIN Rail
- 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
- Impact of COVID-19
- Value Chain Analysis
- 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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