Research Offers 10-Year Forecast on Disconnect Switch Market
Disconnect switch or isolator switch is used for the purpose to de-energize or cutoff the electric circuit, when the circuit is scheduled for servicing or maintenance. These switches have wide applications in large industries and power distribution applications, where high-powered machines have their own power source connected, in order to drive them and at a time of repairing or servicing, isolator or disconnect switch breaks the circuit and make machine isolated from the power source. On the basis of electric circuit requirement disconnect switch is categorized into three types; low voltage disconnect switch, medium voltage disconnect switch & high voltage disconnect switch, disconnect switches frequently work as enclosures for overcurrent safety when they have fuses. Some of them are also a part of larger safety scheme, when they are equipped with a shunt trip which is usually signaled by relays present at any place in the network.
Disconnect Switch: Market Drivers and Restraint
The key trend responsible for the growth of global disconnect switch is the growth in distribution and transmission network worldwide, as electric power is an essential infrastructure for any developing and developed region, hence every region is trying to expand in the area of power systems.The key growth drivers of global disconnect switch market are rapid growth of urbanization and industrialization across the globe, and also increasing safety concern among the industrialist regarding their labors/workers, are some factors which are boosting up the growth of global disconnect/isolator switch market across the globe. On the other hand there are also some factors which are hindering the growth of global disconnect switch market, those restraints are fluctuating price of raw material being used to manufacture these disconnect switch, presence of low quality cheap products by other manufacturers in the market are key restraints of global disconnect switch market.
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Disconnect Switch: Segmentation
Segmentation of disconnect switch market is done on the basis of technology type, mount type, operating voltage, application & Geography. On the basis of technology type, global disconnect switch market is segmented as non-fused disconnect switch and disconnect switch. Among above segments, fused disconnect segment is the most popular segment has been used in most of the industrial applications. Furthermore, on the basis of mount type, global disconnect switch market is segmented into din rail mounted disconnect switch, panel mounted disconnect switch and other disconnect switch.
By operating voltage, global disconnect switch market is segmented into low voltage disconnect switch, medium voltage disconnect switch and high voltage disconnect switch. On the basis of application, global disconnect switch market is segmented into industrial disconnect switch and commercial disconnect switch, from which industrial disconnect switch is further sub segmented into utility, manufacturing and inverter based generation and other application.
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Geographically, disconnect switch is segmented into seven regions which are ; North America, Latin America, Western Europe, Eastern Europe, Japan, Asia Pacific Excluding Japan (APEJ), and Middle East and Africa (MEA). Among all the regions North America is the highest contributor in term of revenue in global Disconnect switch market followed by Western Europe & Asia Pacific and it is expected that same trend is being followed in near future as well.
Disconnect Switch Market: Key Players
The key players of global Disconnect switch market are ABB Limited, General Electric Company, Schneider Electric SE, Crompton Greaves Limited, Havells India Ltd, Siemens AG and others.
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