Disconnect Switch Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview:
The global disconnect switch market size reached US$ 14.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 20.1 Billion by 2028, exhibiting a growth rate (CAGR) of 5.9% during 2023-2028.
A disconnect switch, or isolator switch, refers to a component of the electric circuit used for interrupting the flow of electrical current. It trips the flow of power, enables emergency shutdowns and facilitates switching to alternate sources of power. The switch consists of an enclosure, wired electrical contacts and actuator. The enclosure protects the contents from environmental hazards prevents the users from getting exposed to the live circuits. The handle and knobs are used for engaging or disengaging the contents without opening the enclosure. These switches are commonly available in the form of fusible and non-fusible variants and are used to de-energize a circuit, thereby providing a visual opening so that the circuit can be safely maintained, tested or repaired.
Rapid industrialization, along with extensive infrastructural development across the globe, is one of the key factors driving the growth of the market. Furthermore, the growing demand for efficient systems for generation, transmission and distribution of electricity, is providing a boost to the market growth. Disconnector switches are used in industrial power systems, transmission lines, substations, urban transportation and heavy manufacturing. In line with this, the widespread adoption of low-voltage disconnect switches across various industries, such as transportation, aviation, railways, telecommunications and power generation, is also contributing to the market growth. These switches can be mounted as a primary circuit breaker on switchboards and electrically closed and open devices, which is contributing to their increasing utilization across various industries. Additionally, rising awareness regarding the importance of maintaining the safety of workers in the electronics and manufacturing industries is acting as another growth-inducing factor. Safety sensors and disconnect switches are widely used in assembly lines, material handling units and conveyor systems to minimize occupational hazards. Other factors, such as increasing investments to improve the aging transmission and distribution infrastructure, are driving the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global disconnect switch market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, mount, voltage and application.
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
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being 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 and Socomec Group S.A.
Key Questions Answered in This Report:
What was the size of the global disconnect switch market in 2022?
What is the expected growth rate of the global disconnect switch market during 2023-2028?
What are the key factors driving the global disconnect switch market?
What has been the impact of COVID-19 on the global disconnect switch market?
What is the breakup of the global disconnect switch market based on the type?
What is the breakup of the global disconnect switch market based on the voltage?
What is the breakup of the global disconnect switch market based on the application?
What are the key regions in the global disconnect switch market?
Who are the key players/companies in the global disconnect switch market?
- 1 Preface
- 2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
- 5 Global Disconnect Switch Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
- 6 Market Breakup by Type
- 6.1 Fused
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Non-Fused
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 7 Market Breakup by Mount
- 7.1 Panel
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 DIN Rail
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Others
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 8 Market Breakup by Voltage
- 8.1 Low
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Medium
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 High
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 9 Market Breakup by Application
- 9.1 Industrial
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Residential
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Commercial
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.2 Asia Pacific
- 10.2.1 China
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Japan
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 India
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 South Korea
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Australia
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Indonesia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.3 Europe
- 10.3.1 Germany
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 France
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 United Kingdom
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Italy
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Spain
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Russia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.5 Middle East and Africa
- 10.5.1 Market Trends
- 10.5.2 Market Breakup by Country
- 10.5.3 Market Forecast
- 11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
- 12 Value Chain Analysis
- 13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
- 14 Price Analysis
- 15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 ABB Ltd.
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.1.3 Financials
- 15.3.1.4 SWOT Analysis
- 15.3.2 CG Power and Industrial Solutions Limited (Avantha Group)
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.2.3 Financials
- 15.3.2.4 SWOT Analysis
- 15.3.3 Eaton Corporation Plc
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.3.3 Financials
- 15.3.3.4 SWOT Analysis
- 15.3.4 General Electric Company
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.4.3 Financials
- 15.3.4.4 SWOT Analysis
- 15.3.5 Havells India Limited
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.5.3 Financials
- 15.3.5.4 SWOT Analysis
- 15.3.6 Littelfuse Inc.
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.6.3 Financials
- 15.3.7 Mersen
- 15.3.7.1 Company Overview
- 15.3.7.2 Product Portfolio
- 15.3.7.3 Financials
- 15.3.7.4 SWOT Analysis
- 15.3.8 Rockwell Automation Inc.
- 15.3.8.1 Company Overview
- 15.3.8.2 Product Portfolio
- 15.3.8.3 Financials
- 15.3.8.4 SWOT Analysis
- 15.3.9 Schneider Electric
- 15.3.9.1 Company Overview
- 15.3.9.2 Product Portfolio
- 15.3.9.3 Financials
- 15.3.9.4 SWOT Analysis
- 15.3.10 Siemens Aktiengesellschaft
- 15.3.10.1 Company Overview
- 15.3.10.2 Product Portfolio
- 15.3.10.3 Financials
- 15.3.10.4 SWOT Analysis
- 15.3.11 Socomec Group S.A.
- 15.3.11.1 Company Overview
- 15.3.11.2 Product Portfolio
- 15.3.11.3 Financials
- 15.3.11.4 SWOT Analysis
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