The global low voltage disconnect switch market is projected to reach USD 3.51 Billion by 2021 from an estimated value of USD 2.81 Billion in 2016. The growing worldwide transmission and distribution expenditure, growing infrastructural and industrial developmental activities, along with growing safety concerns would propel the market for low voltage disconnect switches. These factors are expected to drive the growth of the low voltage disconnect switch market.
To provide an in-depth understanding of the competitive landscape, the report includes profiles of some of the leading players in the low voltage disconnect switch market such as ABB Ltd. (Switzerland); Eaton Corporation (Ireland); Socomec (France); General Electric (U.S.); Siemens AG (Germany); Schneider Electric SA (France); Salzer Electronics Limited (India) among others. Leading players are adopting strategies to penetrate untapped markets in order to maintain their market share in the industry.
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The global low voltage disconnect switch market is segmented based on type into fused and non-fused switches. The market has been segmented on the basis of mounting techniques into panel mounted, DIN rail mounted, and others, where others include base mounted and floor mounted. The market is further segmented by voltage into 0-240V, 240-480V, and 480-690V. The major applications covered in this report are industrial and commercial applications. Industrial applications are further sub-segmented into utility infrastructure, motor protection, photovoltaic (PV), distribution boards, and others, where others include infrastructure and transportation. Regions considered are North America, South America, Europe, the Asia-Pacific, and Middle East & Africa.
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The demand for electricity is increasing in developed nations in North America and Europe as well as in fast-growing economies in the Asia-Pacific. Generation, transmission, and distribution are increasing at a good pace which has led to the growth in sales of associated components, such as switchgear, circuit breakers and disconnect switches. The market for low voltage disconnect switches is growing at a healthy rate especially in developing countries, where the transmission and distribution industry is in the growth stage.
The Asia-Pacific region dominates the low voltage disconnect switch market and is estimated to grow at a good pace in the next five years. The growth is attributed to the increase in transmission and distribution activities in China, India, Malaysia, Australia, and Thailand. North America and Europe stood at the second and third position, respectively, in terms of market size, in the global low voltage disconnect switch market.
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The report also segments the low voltage disconnect switch market on the basis of its type; fused and non-fused. The non-fused disconnect switch market is expected to register high growth due to the increase in industrial activities in developing countries. The global fused disconnect switch market share is declining as this type is being replaced by non-fused disconnect switches due to the use of other protection devices along with the disconnect switches.
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