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Disconnect Switch Market Size to Reach US$ 20.1 Billion by 2028, Exhibiting a Growth Rate (CAGR) of 5.9%

04-14-2023 07:52 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: IMARC Group

Disconnect Switch Market

Disconnect Switch Market

According to IMARC Group's latest report, titled "๐ƒ๐ข๐ฌ๐œ๐จ๐ง๐ง๐ž๐œ๐ญ ๐’๐ฐ๐ข๐ญ๐œ๐ก ๐Œ๐š๐ซ๐ค๐ž๐ญ: ๐†๐ฅ๐จ๐›๐š๐ฅ ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐“๐ซ๐ž๐ง๐๐ฌ, ๐’๐ก๐š๐ซ๐ž, ๐’๐ข๐ณ๐ž, ๐†๐ซ๐จ๐ฐ๐ญ๐ก, ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ฒ ๐š๐ง๐ ๐…๐จ๐ซ๐ž๐œ๐š๐ฌ๐ญ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ‘-๐Ÿ๐ŸŽ๐Ÿ๐Ÿ–", The global disconnect switch market size reached US$ 14.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 20.1 Billion by 2028, exhibiting a growth rate (CAGR) of 5.9% during 2023-2028.

A disconnect switch, also known as an isolator switch, is a vital component of an electric circuit used to interrupt the flow of electrical current. It primarily trips the power flow, enabling emergency shutdowns and facilitating the switching to alternate power sources. The switch is comprised of an enclosure that houses wired electrical contacts and an actuator. The enclosure serves to protect the contents from environmental hazards while preventing users from being exposed to live circuits. These switches are commonly available in fusible and non-fusible variants and are used to de-energize a circuit, providing a visual opening so that the circuit can be safely maintained, tested, or repaired. They provide a simple and effective means of isolating the power supply to equipment, which is essential for maintenance, repair, and inspection activities. As a result, these switches are widely used in several applications, including industrial, commercial, and residential settings.

๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐…๐ซ๐ž๐ž ๐๐ƒ๐… ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.imarcgroup.com/disconnect-switch-market/requestsample

Disconnect Switch Market Trends:

The global market for disconnector switches is experiencing significant growth due to rapid industrialization, extensive infrastructural development, and the increasing demand for efficient systems for the generation, transmission, and distribution of electricity. Besides this, the rapid adoption of low voltage disconnect switches and the rising awareness regarding worker safety in the electronics and manufacturing industries are bolstering the market growth. The market is also being driven by escalating investments to improve aging transmission and distribution infrastructure. Additionally, disconnector switches play a vital role in ensuring the efficient generation, transmission, and distribution of electricity, which is fueling the market growth. Apart from this, the surging demand for efficient and safe electrical systems and the increasing energy demand are propelling the market growth.

๐๐ฎ๐ฒ ๐“๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ: https://www.imarcgroup.com/checkout?id=2386&method=1

Note: In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.

Competitive Landscape with Key Players:

The report has also analysed the competitive landscape of the market with some of the key players.

โ€ข ABB Ltd.
โ€ข CG Power and Industrial Solutions Limited (Avantha Group)
โ€ข Eaton Corporation Plc
โ€ข General Electric Company
โ€ข Havells India Limited
โ€ข Littelfuse Inc.
โ€ข Mersen
โ€ข Rockwell Automation Inc.
โ€ข Schneider Electric
โ€ข Siemens Aktiengesellschaft
โ€ข Socomec Group S.A.

Disconnect Switch Market Segmentation:

The report has categorized the market based on type, mount, voltage, application and region.

Breakup by Type:
โ€ข Fused
โ€ข Non-Fused

Breakup by Mount:
โ€ข Panel
โ€ข DIN Rail
โ€ข Others

Breakup by Voltage:
โ€ข Low
โ€ข Medium
โ€ข High

Breakup by Application:
โ€ข Industrial
โ€ข Residential
โ€ข Commercial

Breakup by Region:
โ€ข North America (United States, Canada)
โ€ข Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
โ€ข Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
โ€ข Latin America (Brazil, Mexico, Others)
โ€ข Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐…๐ฎ๐ฅ๐ฅ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐ฐ๐ข๐ญ๐ก ๐“๐Ž๐‚ & ๐‹๐ข๐ฌ๐ญ ๐จ๐Ÿ ๐…๐ข๐ ๐ฎ๐ซ๐ž๐ฌ: https://www.imarcgroup.com/disconnect-switch-market

Key Highlights of The Report:

โ€ข Market Performance (2017-2022)
โ€ข Market Outlook (2023-2028)
โ€ข Market Trends
โ€ข Market Drivers and Success Factors
โ€ข Impact of COVID-19
โ€ข Value Chain Analysis
โ€ข Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Related Reports by IMARC Group:

https://www.marketwatch.com/press-release/respiratory-care-devices-market-trends-size-analysis-and-forecast-2022-2027-2023-02-05
https://www.marketwatch.com/press-release/meal-replacement-products-market-size-trends-growth-and-analysis-2023-2028-2023-02-05
https://www.marketwatch.com/press-release/asia-pacific-chitosan-market-size-analysis-scope-and-forecast-2021-2026-2023-02-05
https://www.marketwatch.com/press-release/united-states-e-learning-market-trends-demand-analysis-and-forecast-2022-2027-2023-02-05
https://www.marketwatch.com/press-release/preclinical-cro-market-value-share-growth-scope-and-forecast-2022-2027-2023-02-05

Media Contact:

Company Name: IMARC Group
Contact Person: Elena Anderson
Email: sales@imarcgroup.com
Phone: +1-631-791-1145
Address: 134 N 4th St
City: Brooklyn
State: NY
Country: United States
Website: https://www.imarcgroup.com/

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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