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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