Global Disconnect Switch Market to Rise At 6.96% CAGR by 2024

Global Disconnect Switch Market size will grow from USD 10.54 Billion in 2017 to USD 15.79 Billion by 2023, at an estimated CAGR of 6.96%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.

The increasing transmission and distribution network expenditure, growing infrastructural and industrial developmental activities, and rising safety concerns are some of the key drivers of this market. The demand for electricity is increasing in the developed nations in North America and Europe, as well as in fast-growing economies in Asia-Pacific. Thus, there has also been a consequent rise in the generation, transmission, and distribution of electricity to meet this increased demand. This, in turn, gives rise to the growth of the markets for the associated components, such as switchgear, circuit breaker, disconnector switch, and so on. The market for disconnect switch is expected to witness significant growth, especially in developing countries, where the transmission and distribution industry is in the growth stage. Disconnector switches are also used in transmission lines, substations, urban transportation, and heavy manufacturing.

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By Market Players:
ABB Ltd., Eaton Corporation PLC., General Electric Company, Siemens AG, Schneider Electric SE, WEG SA, Mersen S.A., Littelfuse Inc., Crompton Greaves Limited, Havells India Ltd., Leviton Manufacturing Co., Inc., Socomec, Driescher Gmbh, Delixi Electric Co. Ltd.
By Type
Fused, Non-Fused

By Mount
Panel Mounted, DIN Rail Mounted

By Voltage
Low, Medium, High

By Application
Industrial, Commercial

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