Analysis of Switch Disconnectors market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Switch disconnectors are used for distribution of electricity, connecting and disconnecting flow of currents and protection of electrical equipment against short circuits and overloads. The switch disconnectors market is increasing as industrial, commercial, as well as the residential sector, are more inclined towards non-fused disconnectors due to cost-efficient & easy installations features. There is an increase in installation of switch disconnectors by manufacturing and commercial industry due to the increasing usage of a broad range of switch disconnectors, such as fused and non-fused switch disconnectors, for overcurrent protection based on application areas and voltage levels required by industrial sector. Fused switch disconnectors are low-voltage switching devices, which allow manual connecting and disconnecting of electrical circuits by cutting off power supply depending on the voltage levels and utilization, while non-fused switch disconnectors are used to isolate the circuit by rotary switches or knife-blade switches when it is in service or maintenance. Non-fused switch disconnectors are used to detach circuit breakers, transmission lines and transformers as part of their maintenance process. Therefore, due to the rise in electricity consumption across various industrial application, there is an increase in the installation of switch disconnectors.
The key vendors in the switch disconnectors market are focused on innovative product offering and are focusing on safety regulations to enhance their presence in the market. The switch disconnectors manufacturers are also focusing on differentiated offerings that will help them gain a competitive advantage in the switch disconnectors market. Therefore, the introduction of various switches with different mounting options and poles and rise in the application of switch disconnectors in photovoltaic systems and renewable market are the key factors that are expected to boost the growth of the switch disconnectors across the globe.
Efficient switching and longer life are the key benefits of switch disconnectors that is boosting the growth of the switch disconnectors market. Also, the increase in usage of DIN-rail mounting in industrial applications and usage of switch disconnectors in solar photovoltaic systems is driving the growth of the switch disconnectors market.
However, the changing price of raw materials and low-quality switch products by local brands can be a restraining factor that can hamper the growth of the switch disconnectors market.
The growing trend towards the high voltage power transmission is creating growth opportunities for key vendors in the switch disconnectors market.
The switch disconnectors market can be segmented on the basis of type, mounting type, application and region. The DIN rail mounting is most widely used in the industrial application as compared to other mounting types.
Examples of some of the key players in the global switch disconnectors market include Eaton Corporation, Schneider Electric, ABB Ltd, Mersen S.A., RS Components Ltd, WEG SA, C&S Electric Limited, Siemens AG, ETI, Apator SA, Hager Group, OEZ s.r.o., Larsen & Toubro Limited, etc.
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The Europe region is expected to dominate the switch disconnectors market followed by North America and Asia Pacific region. The market in Europe is expected to witness higher growth due to the vast presence of switch disconnector manufacturers in this region. The introduction of a variety of switch disconnectors with different mounting options and voltage levels plays a vital role in driving the growth of the market in the North America region. The rise in usage of DIN-rail mounting switch disconnectors in industrial applications in the U.S. is creating growth opportunities in the North America region. Moreover, the Asia Pacific, Latin America and MEA regions are projected to grow at a significant rate over the forecast period.
In May 2017, ABB Ltd, which is one of the leading providers of electrification products, robotics and industrial automation solutions, etc. has upgraded its OT series of low voltage switch disconnector. This disconnector range offers space utilization and reliability in on-load switching in extreme conditions.
The research report presents a comprehensive assessment of the Switch Disconnectors market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also includes projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, type, mounting type and application.
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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The global switch disconnectors market is anticipated to rise at 4.9% CAGR through 2026.
Increasing investments in energy grid infrastructure development are expected to drive market potential in the Asia Pacific region.
By 2026-end, worldwide sales of switch disconnectors are expected to reach US$ 16.5 billion.
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