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Global Disconnect Switch Market Size study & Forecast, by Operating Voltage (Low Voltage Disconnect Switch, Medium Voltage Disconnect Switch, High Voltage Disconnect Switch), by Application (Industrial Disconnect Switch, Commercial Disconnect Switch, Utility, Manufacturing, Inverter Based Generation, Others) and Regional Analysis, 2023-2030

January 2024 | 200 pages | ID: GE30D2316AB6EN
Bizwit Research & Consulting LLP

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Global Disconnect Switch Market is valued at approximately USD 13.75 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 4.8% during the forecast period 2023-2030. Disconnect Switch is an electrical switch used to disconnect a circuit from the power source or to isolate a specific part of the electrical system for maintenance or repair purposes. The primary function of a disconnect switch is to ensure the safety of personnel and equipment by providing a means to de-energize a circuit. The Disconnect Switch Market is expanding because of factors such as increasing demand and distribution of electricity and the growing deployment of smart grid. Disconnect switches are commonly used in various electrical systems, including industrial, commercial, and residential settings. They are typically employed in situations where it is necessary to isolate a piece of equipment, such as a motor, transformer, or other electrical devices, for servicing, inspection, or repair without having to shut down the entire electrical system. As a result, the demand for Disconnect Switch has progressively increased in the international market during the forecast period 2023-2030.

Disconnect switches play a crucial role in electric power distribution networks by providing a means to isolate and de-energize specific sections for maintenance or repair without affecting the entire system. According to Statista, in 2020, the global electricity demand exceeded 23 petawatt hours and is anticipated to surge to approximately 35.3 petawatt hours by the year 2040. Furthermore, in 2022, fossil fuels continue to dominate global electricity generation with Coal, which accounts for approximately 35.8% of the worldwide power mix, holding the primary position, followed by natural gas with a 22% share. In addition, China, India, and the United States emerged as the leading consumers of coal for electricity generation in the year 2021. Another important factor that drives the Disconnect Switch Market is the increasing deployment of the smart grid. Evolution toward smart grids, which incorporate advanced communication and control technologies, impact disconnect switch designs which can provide real-time data, remote monitoring, and control capabilities, enhancing the efficiency and responsiveness of the electrical distribution system. In addition, as per Statista, the smart grid technology market, valued at nearly USD 50 billion in 2022, is anticipated to experience robust growth with a projected Compound Annual Growth Rate of 17.4% and is expected to propel the market to approximately USD 130 billion by the year 2028. Moreover, strategic government initiative towards industrial safety norms and rising industrial automation is anticipated to create lucrative growth opportunities for the market over the forecast period. However, the high cost of circuit breaker technology and technical complexity is going to impede overall market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Disconnect Switch Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the significant investments in electrical system safety equipment and growing industrial safety concerns in the region. In certain situations, disconnect switches are used for voltage regulation. They can be employed to disconnect or connect specific parts of a power system to maintain voltage within acceptable limits. The region’s dominant performance is anticipated to propel the overall demand for Disconnect Switch. Furthermore, Asia Pacific is expected to grow fastest over the forecast period, owing to factors such as the replacement of outdated transmission and distribution network equipment, and the strong demand for power from commercial and industrial buildings in the region. The electrical industry experiences continuous technological advancements, leading to more efficient and reliable equipment. The replacement of outdated transmission and distribution network equipment is driven by the need to incorporate these technological improvements, enhancing overall system performance.

Major market player included in this report are:

General Electric

Schneider Electric SE

Crompton Greaves Limited

Havells India Ltd

Siemens AG

Altech Corporation

Eaton Corporation

Elemech International

Wenzhou Shuguang Fuse Co., Ltd

CG Power and Industrial Solutions Limited

Recent Developments in the Market:
  • In June 2023, Schneider Electric announced a new version of its flagship Square D safety switch solution, VisiPacT heavy-duty safety switch, with additional features and a revamped style. The new VisiPacT heavy-duty safety switch is setting the bar for quality, performance , and dependability in industrial and commercial applications. It is designed for long-term durability to improve safety and productivity. This next development contains additions based on customer input, such as new standard features including a viewing window, QR code, hook stick handle, for quick access to information, and touch-safe limitations.
Global Disconnect Switch Market Report Scope:
  • Historical Data – 2020 - 2021
  • Base Year for Estimation – 2022
  • Forecast period - 2023-2030
  • Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
  • Segments Covered - Operating Voltage, Application, Region
  • Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
  • Customization Scope - Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Operating Voltage

Low Voltage Disconnect Switch

Medium Voltage Disconnect Switch

High Voltage Disconnect Switch

By Application

Industrial Disconnect Switch

Commercial Disconnect Switch

Utility

Manufacturing

Inverter Based Generation

Others

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Middle East & Africa

Saudi Arabia

South Africa

Rest of Middle East & Africa
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
  1.2.1. Disconnect Switch Market, by Region, 2020-2030 (USD Billion)
  1.2.2. Disconnect Switch Market, by Operating Voltage, 2020-2030 (USD Billion)
  1.2.3. Disconnect Switch Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL DISCONNECT SWITCH MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Industry Evolution
  2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL DISCONNECT SWITCH MARKET DYNAMICS

3.1. Disconnect Switch Market Impact Analysis (2020-2030)
  3.1.1. Market Drivers
    3.1.1.1. Increasing demand and distribution of electricity
    3.1.1.2. Growing deployment of smart grid
  3.1.2. Market Challenges
    3.1.2.1. High cost of circuit breaker technology
    3.1.2.2. Technical complexity
  3.1.3. Market Opportunities
    3.1.3.1. Strategic government initiative towards industrial safety norms
    3.1.3.2. Rising industrial automation

CHAPTER 4. GLOBAL DISCONNECT SWITCH MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economical
  4.3.3. Social
  4.3.4. Technological
  4.3.5. Environmental
  4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL DISCONNECT SWITCH MARKET, BY OPERATING VOLTAGE

5.1. Market Snapshot
5.2. Global Disconnect Switch Market by Operating Voltage, Performance - Potential Analysis
5.3. Global Disconnect Switch Market Estimates & Forecasts by Operating Voltage 2020-2030 (USD Billion)
5.4. Disconnect Switch Market, Sub Segment Analysis
  5.4.1. Low Voltage Disconnect Switch
  5.4.2. Medium Voltage Disconnect Switch
  5.4.3. High Voltage Disconnect Switch

CHAPTER 6. GLOBAL DISCONNECT SWITCH MARKET, BY APPLICATION

6.1. Market Snapshot
6.2. Global Disconnect Switch Market by Application, Performance - Potential Analysis
6.3. Global Disconnect Switch Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4. Disconnect Switch Market, Sub Segment Analysis
  6.4.1. Industrial Disconnect Switch
  6.4.2. Commercial Disconnect Switch
  6.4.3. Utility
  6.4.4. Manufacturing
  6.4.5. Inverter Based Generation
  6.4.6. Others

CHAPTER 7. GLOBAL DISCONNECT SWITCH MARKET, REGIONAL ANALYSIS

7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Disconnect Switch Market, Regional Market Snapshot
7.4. North America Disconnect Switch Market
  7.4.1. U.S. Disconnect Switch Market
    7.4.1.1. Operating Voltage breakdown estimates & forecasts, 2020-2030
    7.4.1.2. Application breakdown estimates & forecasts, 2020-2030
  7.4.2. Canada Disconnect Switch Market
7.5. Europe Disconnect Switch Market Snapshot
  7.5.1. U.K. Disconnect Switch Market
  7.5.2. Germany Disconnect Switch Market
  7.5.3. France Disconnect Switch Market
  7.5.4. Spain Disconnect Switch Market
  7.5.5. Italy Disconnect Switch Market
  7.5.6. Rest of Europe Disconnect Switch Market
7.6. Asia-Pacific Disconnect Switch Market Snapshot
  7.6.1. China Disconnect Switch Market
  7.6.2. India Disconnect Switch Market
  7.6.3. Japan Disconnect Switch Market
  7.6.4. Australia Disconnect Switch Market
  7.6.5. South Korea Disconnect Switch Market
  7.6.6. Rest of Asia Pacific Disconnect Switch Market
7.7. Latin America Disconnect Switch Market Snapshot
  7.7.1. Brazil Disconnect Switch Market
  7.7.2. Mexico Disconnect Switch Market
7.8. Middle East & Africa Disconnect Switch Market
  7.8.1. Saudi Arabia Disconnect Switch Market
  7.8.2. South Africa Disconnect Switch Market
  7.8.3. Rest of Middle East & Africa Disconnect Switch Market

CHAPTER 8. COMPETITIVE INTELLIGENCE

8.1. Key Company SWOT Analysis
  8.1.1. Company
  8.1.2. Company
  8.1.3. Company
8.2. Top Market Strategies
8.3. Company Profiles
  8.3.1. General Electric
    8.3.1.1. Key Information
    8.3.1.2. Overview
    8.3.1.3. Financial (Subject to Data Availability)
    8.3.1.4. Product Summary
    8.3.1.5. Recent Developments
  8.3.2. Schneider Electric SE
  8.3.3. Crompton Greaves Limited
  8.3.4. Havells India Ltd
  8.3.5. Siemens AG
  8.3.6. Altech Corporation
  8.3.7. Eaton Corporation
  8.3.8. Elemech International
  8.3.9. Wenzhou Shuguang Fuse Co., Ltd
  8.3.10. CG Power and Industrial Solutions Limited

CHAPTER 9. RESEARCH PROCESS

9.1. Research Process
  9.1.1. Data Mining
  9.1.2. Analysis
  9.1.3. Market Estimation
  9.1.4. Validation
  9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Disconnect Switch Market, report scope
TABLE 2. Global Disconnect Switch Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Disconnect Switch Market estimates & forecasts by Operating Voltage 2020-2030 (USD Billion)
TABLE 4. Global Disconnect Switch Market estimates & forecasts by Application 2020-2030 (USD Billion)
TABLE 5. Global Disconnect Switch Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 6. Global Disconnect Switch Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Disconnect Switch Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Disconnect Switch Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Disconnect Switch Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Disconnect Switch Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Disconnect Switch Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Disconnect Switch Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Disconnect Switch Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Disconnect Switch Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. U.S. Disconnect Switch Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Disconnect Switch Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 17. U.S. Disconnect Switch Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. Canada Disconnect Switch Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 19. Canada Disconnect Switch Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. Canada Disconnect Switch Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. UK Disconnect Switch Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 22. UK Disconnect Switch Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. UK Disconnect Switch Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. Germany Disconnect Switch Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 25. Germany Disconnect Switch Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. Germany Disconnect Switch Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. France Disconnect Switch Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 28. France Disconnect Switch Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. France Disconnect Switch Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. Italy Disconnect Switch Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 31. Italy Disconnect Switch Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. Italy Disconnect Switch Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Spain Disconnect Switch Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 34. Spain Disconnect Switch Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Spain Disconnect Switch Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. RoE Disconnect Switch Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 37. RoE Disconnect Switch Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. RoE Disconnect Switch Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. China Disconnect Switch Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 40. China Disconnect Switch Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. China Disconnect Switch Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. India Disconnect Switch Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 43. India Disconnect Switch Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. India Disconnect Switch Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. Japan Disconnect Switch Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 46. Japan Disconnect Switch Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. Japan Disconnect Switch Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. South Korea Disconnect Switch Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 49. South Korea Disconnect Switch Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. South Korea Disconnect Switch Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. Australia Disconnect Switch Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 52. Australia Disconnect Switch Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. Australia Disconnect Switch Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. RoAPAC Disconnect Switch Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 55. RoAPAC Disconnect Switch Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. RoAPAC Disconnect Switch Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. Brazil Disconnect Switch Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 58. Brazil Disconnect Switch Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. Brazil Disconnect Switch Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Mexico Disconnect Switch Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 61. Mexico Disconnect Switch Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Mexico Disconnect Switch Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. RoLA Disconnect Switch Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 64. RoLA Disconnect Switch Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. RoLA Disconnect Switch Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. Saudi Arabia Disconnect Switch Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 67. South Africa Disconnect Switch Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. RoMEA Disconnect Switch Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. List of secondary sources, used in the study of global Disconnect Switch Market
TABLE 70. List of primary sources, used in the study of global Disconnect Switch Market
TABLE 71. Years considered for the study
TABLE 72. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Disconnect Switch Market, research methodology
FIG 2. Global Disconnect Switch Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Disconnect Switch Market, key trends 2022
FIG 5. Global Disconnect Switch Market, growth prospects 2023-2030
FIG 6. Global Disconnect Switch Market, porters 5 force model
FIG 7. Global Disconnect Switch Market, pest analysis
FIG 8. Global Disconnect Switch Market, value chain analysis
FIG 9. Global Disconnect Switch Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Disconnect Switch Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Disconnect Switch Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Disconnect Switch Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Disconnect Switch Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Disconnect Switch Market, regional snapshot 2020 & 2030
FIG 15. North America Disconnect Switch Market 2020 & 2030 (USD Billion)
FIG 16. Europe Disconnect Switch Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Disconnect Switch Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Disconnect Switch Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Disconnect Switch Market 2020 & 2030 (USD Billion)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable


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