Non-fused Switch Disconnectors Market Expected to Reach $9,556.20 Million, Globally, by 2023
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The market for non-fused switch disconnectors is growing steadily in recent years, owing to factors such as increase in urbanization and industrialization in the emerging markets such as China, India, and others, and rise in the safety concern of labor and worker among the industrialists. Nonetheless, the fluctuating price of raw materials used to produce non-fused disconnectors hinders the market growth. Conversely, growing investments in transmission and distribution networks globally offer ample opportunities for growth of the industry.
Non-fused switch disconnectors de-energizes electric circuit for service and maintenance. The use of non-fused disconnectors provides technicians with high level of safety and convenience. These disconnectors have different applications in power distribution, buildings, and several industry verticals, such as construction & manufacturing, automotive, and others.
The report classifies the non-fused switch disconnectors market based on electric phase, voltage, application, and region. By electric phase, the market is divided into single phase and three phase. Based on voltage, it is classified into high, medium, and low voltage. Application wise, the market is categorized into commercial and residential. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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At present, North America dominates this market. In 2016, China registered the highest growth in Asia-Pacific. Similarly, the UK led the overall market in Europe in 2016. In the same year, the U.S. dominated the North American market.
In 2016, based on voltage, the low voltage segment dominated the global non-fused switch disconnectors market, in terms of revenue. However, based on electric phase, three phase dominated the global market in the same year.
Key Findings of the Non-fused Switch Disconnectors Market:
• Low voltage generated the highest revenue in 2016.
• In 2016, the three-phase segment accounted for the highest revenue in the non-fused switch disconnectors market.
• Asia-Pacific is anticipated to exhibit a highest CAGR during the forecast period.
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Rise in Expansion of Transmission and Distribution Networks
As electric power is a crucial infrastructure for any developing and developed region, power system is being acquired globally under every segment and regions. Further, transmission and distribution industry has been expanding in Asia-Pacific and Middle East regions resulting in higher opportunities owing to the rapid urbanization and industrialization. Moreover, increase in investments in transmission and distribution networks globally provides ample of growth opportunities for the market.
The key players profiled in the report include Siemens AG, Schneider Electric SE, ABB Ltd., General Electric Company, Eaton Corporation, WEG SA, Havells India Ltd., Littelfuse Inc., Mitsubishi Electric, and Delixi Electric Co. Ltd.
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We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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