Disconnector Switch Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Fused Switches, Non-Fused Switches), By Mount (Panel, DIN Rail, Others), By Voltage (High, Medium, Low), By Application (Industrial, Commercial), And By Geography - Forecasts From 2022 To 2027
- Published : Apr 2022
- Report Code : KSI061611820
- Pages : 124
The global disconnector switch market is evaluated at US$11.081 billion for the year 2020, growing at a CAGR of 5.13% to reach the market size of US$15.724 billion by the year 2027.
A disconnector switch is employed to isolate or disconnect an electric device from its power source. Disconnector switches are widely used in the current construction and industrial fields. The rising safety consciousness among people is one of the major factors giving potential to the market growth of disconnector switches. Mandatory safety regulations and rules in industries and construction sectors are driving the market for global disconnector switches. The convenience provided by disconnector switches during maintenance of electrical systems or devices is one of the major factors increasing the popularity of disconnector switches. Isolation of electrical components or devices from the power supply by disconnector switches provides more convenience and safety for the operators in the maintenance work. The safety regulations and rules made by the government and government agencies are also increasing the use of disconnector switches in construction work. The application of disconnector switches for maintaining proper safety in large industries and production sectors is also fuelling the demand for disconnector switches in the market. The rapid growth in urbanization rates is also contributing to the market growth of disconnector switches. The support offered by the government in providing power supply and transmission lines to remote areas is upgrading, developing countries in their power transmission sector. The development in power transmission line systems and power supply is pushing the need for safety and proper maintenance in the power distribution sector, increasing the market demand and market value of disconnector switches.
The recent outbreak of the COVID-19 pandemic has adversely affected the market growth of the global disconnector switch market. The government's lockdowns and isolations to prevent COVID spread resulted in the shutdown of production plants and industries, resulting in a decline in the global disconnector switch market The shutdown of industries during the COVID period resulted in a decrease in demand for disconnector switches in the market. The unavailability of employees and workers in industries and electronic device production plants resulted in less production of disconnector switches in the market. The unavailability of workers due to the COVID protocol has a negative impact on the production and manufacture of electronic components and devices. The regulations and blocks imposed on the supply chain sector of electronic components resulted in a decrease in the export and import rates of electronic components like disconnector switches in the international market.
Rising Consciousness for Safety and Convenience
The rising awareness of safety is one of the major factors driving the market growth of disconnector switches in the global market. Safety ensured by disconnector switches is one of the major advantages offered by disconnector switches in complex electrical circuits and electrical systems. According to the NCRB (National Crime Records Bureau) of India, approximately 2,255 mortalities have been recorded in India due to accidents caused by electrical short circuits. In India, Mumbai is recorded as the state with the highest electrical accidents. The complete isolation from the power supply of electrical circuits by disconnector switches provides more safety to maintenance workers. Disconnector switches provide more convenience for workers when operating electrical circuits. The safety regulations and rules of the ILO (International Labour Organisation) are also increasing the use of disconnector switches in electrical circuit systems. The government’s rules and policies on maintaining proper safety measures in the electrical circuits of residential and commercial buildings are boosting the demand for disconnector switches in the global market.
Rapid Growth in Urbanization Rates
The rapid growth in the urbanization rate is one of the major factors driving the growth of the global disconnector switch market. The advancements made by developing-country governments are improving the country's power transmission and electrical sectors. The development of countries' power infrastructure and improvements in transmission lines are increasing the need for proper safety measures in electrical circuits of commercial and residential buildings, which is contributing to the market growth of disconnector switches. The Asia-Pacific region led the market Geographically, the Asia Pacific region holds the lion's share of the global disconnector switche market. The rapid industrialization in Asia Pacific countries like China, Japan, and India is giving potential to the market growth of electrical safety components like disconnector switches. The vast developing power transmission sector and the presence of technological giant companies in the Asia Pacific region are also expected to fuel the market growth of disconnector switches in the forecasted years.
Disconnector Switch Market Scope:
|Market size value in 2020||US$11.081 billion|
|Market size value in 2027||US$15.724 billion|
|Growth Rate||CAGR of 5.13% from 2020 to 2027|
|Forecast Unit (Value)||USD Billion|
|Segments covered||Type, Mount, Voltage, Application, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||Siemens AG, General Electric Company, ABB Ltd., Eaton Corporation, Schneider Electric SE, Mersen S.A, Havells India Ltd, Socomec, Driescher, Leviton Manufacturing Co., Inc.|
|Customization scope||Free report customization with purchase|
- By Type
- Fused switches
- Non-Fused switches
- By Mount
- DIN Rail
- By Voltage
- By Application
- By Geography
- North America
- South America
- Middle East and Africa
- Saudi Arabia
- Asia Pacific
- South Korea
- North America
Frequently Asked Questions (FAQs)
Q1. What will be the disconnector switch market size by 2027?
A1. The global disconnector switch market is projected to reach a total market size of US$15.724 billion by 2027.
Q2. What is the size of the global disconnector switch market?
A2. Disconnector Switch Market was valued at US$11.081 billion in 2020.
Q3. What are the growth prospects for the disconnector switch market?
A3. The disconnector switch market is projected to grow at a CAGR of 5.13% during the forecast period.
Q4. Which region holds the largest market share in the disconnector switch market?
A4. Geographically, the Asia Pacific region is holding the largest share of the global disconnector switches market.
Q5. What factors are anticipated to drive the disconnector switch market growth?
A5. The mandatory safety regulations and rules in industries and construction sectors are driving the disconnector switch market growth.
1.1. Market Definition
1.2. Market Segmentation
2. Research Methodology
2.1. Research Data
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of End-Users
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. Global Disconnector Switch Market Analysis, by Type
5.2. Fused switches
5.3. Non-Fused switches
6. Global Disconnector Switch Market Analysis, by Mount
6.3. DIN Rail
7. Global Disconnector Switch Market Analysis, by Voltage
8. Global Disconnector Switch Market Analysis, by Application
9. Global Disconnector Switch Market Analysis, by Geography
9.2. North America
9.3. South America
9.5. Middle East and Africa
9.5.1. Saudi Arabia
9.6. Asia Pacific
9.6.4. South Korea
10. Competitive Environment and Analysis
10.1. Major Players and Strategy Analysis
10.2. Emerging Players and Market Lucrativeness
10.3. Mergers, Acquisitions, Agreements, and Collaborations
10.4. Vendor Competitiveness Matrix
11. Company Profiles
11.1. Siemens AG
11.2. General Electric Company
11.3. ABB Ltd.
11.4. Eaton Corporation
11.5. Schneider Electric SE
11.6. Mersen S.A
11.7. Havells India Ltd
11.10. Leviton Manufacturing Co., Inc.
General Electric Company
Schneider Electric SE
Havells India Ltd
Leviton Manufacturing Co., Inc.
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