Disconnect Switch Market Size, Share & Industry Analysis, By Type (Fused, Non-Fused), By Mount (Panel, Din Rail, Others), By Voltage (Low, Medium, High), By Application (Residential, Commercial, Industrial, Utility) and Regional Forecast, 2024-2032

The consumption of electricity over the years incessantly rising due to rapid urbanization and extensive industrial growth. Utility companies, along with government expanding transmission and distribution network infrastructure to ease the electricity access. Safety is the utmost important parameter while transmission and distribution of electricity and handling electric equipment to avoid loss of life and property. In the last couple of decades, companies and government amending rules and regulations to protect the property and casualty of lives from fire hazards due to short circuit. Safety is a critical factor for every aspect of human life, and the same goes for business. Disconnect Switch is a simple device used to protect electronic consumer goods and equipment against common electric failure and inconsistencies. It isolates the electrical circuit or equipment in case of excessive current or failure of electric system. In several applications, the disconnect switch is used, such as power distribution, and industries to perform routine maintenance or repair activities by discharging electricity from equipment. Thus, the disconnect switch is predominantly used in multiple applications for protection against short circuits.

The disconnect switch market is segmented into type, voltage, and application. Type is divided into fused and non-fused. Fused disconnect switch shares a substantial market of disconnect switch owing to its extra safety component, i.e., fuse. It is often used in circuits that have high currents with fused guaranteeing that the circuit will be disconnected if anything goes wrong. Disconnected switch available in various load capacities such as low voltage, medium voltage, and high voltage. Medium and high voltage accounts the largest market share of the disconnect switch. These switches are used in commercial and industrial applications.

Electricity demand over the years has quadrupled due to rising urbanization along with growing industries and commercial spaces. Government and private entities are investing in building transmission and distribution (T&D) networks to ease the supply of electricity along with the replacement of the aging T&D network. Industries are interestingly investing in safety equipment to avoid losses.

Availability of alternate technology to disconnect switch such as circuit breakers, fuse, ground fault circuit interrupt, etc. which is cost-competitive and reliable is expected to inhibit the market growth of the disconnect switch.

Key Players Covered:

Some of the key important players of the disconnect Switch are ABB, Schneider Electric, Siemens, Eaton, GE, Mersen | Electrical Power, Sälzer Electric GmbH, Honeywell, Emerson, and Havells India Ltd.

Regional Analysis:

The disconnect switch market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is projected to account for a substantial market of disconnect switch due to extensive investment in safety equipment of electrical systems and rising safety concerns. European countries are investing in upgrading transmission and distribution networks with enhanced safety and installation of safety equipment in the residential and commercial sector, which result in a lucrative market for disconnect Switch. Developing countries in Asia Pacific are expected to offer a profitable market for the growth of the disconnect switch. Replacement of aging infrastructure of transmission and distribution network with higher safety norms, extensive demand for electricity from industries and commercial buildings.

Segmentation

Key Industry Developments

• In April 2019, ABB was upgrading its market-leading Slimline XR low-voltage switch fuse disconnectors, which able to reduce power losses up to 35% and increasing potential space savings. The technological upgradation advances the design and performance of the switch.


• In December 2018, Siemens acquired a 25% stake in Coelme Group, leading Italian manufacturers of high voltage disconnect switches. By this agreement, company will strengthen its business base around the world and provide world-class services to consumers.


• In May 2018, Schneider Electric agreed to buy Larsen and Toubro's Electrical and Automation business and combined it with Schneider Electric India’s low voltage and automation product business.