Low Voltage Disconnect Switch Market: Lucrative Opportunities across Globe
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Increasing safety concern in industries, growth in distribution and transmission network as electric network is an important infrastructure as well as rapid industrialization in developing countries are some of the primary factors driving the growth of global low voltage disconnect switch market. Fluctuating price of raw material that are being used to manufacture these low voltage disconnect switches is one of the factors hampering the growth of low voltage disconnect switch market. Most of the countries are adopting smart grid and substation automation projects, which is further increasing the demand for low voltage disconnect switches. Efforts are being taken by many companies to upgrade their research and development activities to introduce innovations in this field.
The global low voltage disconnect switch market is segmented on the basis of product type, mount type, voltage range, application and region. On the basis of product type, the low voltage disconnect switch market is segmented into fused and nonfused. Fusible switches are suitable for all locations in low-voltage networks as they provide protection against overload as well as short circuit. Non-fusible switches are suitable for many applications without de-rating. On the basis of mount type, the global low voltage disconnect switch market is segmented into panel mounted, din rail mounted and others. On the basis of voltage range, the global low voltage disconnect switch market is segmented into 0-240 V disconnect switch, 240-480 V disconnect switch and 480-690 V disconnect switch. On the basis of application, the low voltage disconnect switch market is segmented into industrial and commercial. In terms of industrial application it is further segmented into utility infrastructure, motor protection, power distribution boards, photovoltaic and others. Geographically, the low voltage disconnect switch market can be segmented into North America, Europe, Asia-Pacific, South America and Middle East & Africa.
Some of the key players operating in the global low voltage disconnect switch market are ABB Ltd, Schneider Electric SE, Siemens AG, Eaton Corporation, General Electric, Kraus & Naimer, BENEDICT GmbH, Ensto, Katko, Socomec, Salzer Electronics Limited, Lovato Electric Corporation, Mersen and Littlefuse among others.
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