About Low-Voltage Disconnect Switches
Low voltage disconnect switches are intended to safeguard batteries from overcharging. They function similarly to circuit protection devices, except that instead of disconnecting when voltage spikes, they disconnect when the voltage dips too low, preventing harm to the batteries and load. A semiconductor switching circuit monitors battery voltage and turns off specified auxiliary loads when it drops too low, ensuring the battery has enough power to start the engine. This extends battery life by preventing harm from over-discharge and eliminates the need for separate timing or voltage monitoring devices, simplifying wiring and installation and allowing for a stronger battery.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The demand for Low-Volage Disconnect Switches is increasing with each passing day. The businesses in this industry facing major competition on a global scale with leading players of the market who hold a major market share. The Leading Players are engaged in organic and non-organic strategic global expansion to maintain their Market Position. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Low-Voltage Disconnect Switches market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Waytek (United States), Schneider Electric (France), Mersen (France), Littelfuse (United States), Eaton Corporation (Ireland), ABB (Switzerland), Crydom (United States), Omron (Japan), S & C Electric Company (United States) and Iskra (Slovenia) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Zhejiang GRL Electric Co Ltd (China), Logstrup (Denmark) and Carling Technologies, Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Low-Voltage Disconnect Switches market by Type (Fused and Non- Fused) and Region.
On the basis of geography, the market of Low-Voltage Disconnect Switches has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2021. Europe, North America on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by End Users, the sub-segment i.e. Commercial will boost the Low-Voltage Disconnect Switches market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Voltage, the sub-segment i.e. 0-240V will boost the Low-Voltage Disconnect Switches market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channels, the sub-segment i.e. Online {Company Website, E-Commerce Website} will boost the Low-Voltage Disconnect Switches market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
In August 2020 Schneider Electric released a statement announcing the completion of the transaction for combining the Low voltage business with Larsen & Turbo. SEIPL will offer a diverse variety of products and technologically superior solutions across India. SEIPL will enter the market with two unique portfolio brands, L&T's Electrical & Automation division, and Schneider Electric, as well as separate sales teams and partner networks.
Market Drivers
- Increase in Demand Due to Safe Concerns in Factories and Industries
Opportunities
- Rising Demand for Electricity in Developed and Developing Nations
- Increase in Distribution and Transmission Networks of Electric Networks
Restraints
- Price Fluctuation of Raw Materials
Challenges
- Growing Presence of Low-Quality Cheap Products
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Supplier and Distributor of Raw Materials, Commercial, Industrial and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.