About Disconnecting Switch
The disconnect switch is an electrical device that provides a means of disconnecting power. Disconnect switches are widely used in residential, commercial, and industrial applications but our primary focus will be on industrial electrical disconnects. They also cover a full spectrum of certifications, product features, and variations. Disconnect switch can also be called safety switches, and disconnectors, and isolator switches. A disconnect switch provides a means of ensuring that a motor or electrical circuit has been completely de-energized. This is essential when maintenance or service work needs to be performed. To ensure safety, disconnects can be locked only in the off position using either a hasp or lock. This is a major diver for the disconnect switch market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Disconnecting Switch is highly competitive, with several key players dominating the industry. The market players are focused on developing a variety of features and benefits to meet the needs. Thus, constantly introducing new innovation in processing to meet the changing needs and preferences of consumers. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.The Manufacturers having a strong hold in the market are ABB, Siemens, GE, Eaton, and Schneider Electric. Analyst at AMA Research estimates that European Manufacturers will contribute the maximum growth to Global Disconnecting Switch 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.
ABB (Switzerland), Siemens (Germany), GE (United States), Eaton (Ireland), Schneider Electric (France), Share-Tech (HK) Limited (China), Elemech International FZE(United Arab Emirates), WEG (Brazil), Mersen (France) and Littelfuse Inc (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Crompton Greaves Limited (India) and cgglobal.com (India).
Segmentation Overview
AMA Research has segmented the market of Global Disconnecting Switch market by Type (Fused and Non-Fused) and Region.
On the basis of geography, the market of Disconnecting Switch has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, 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). If we see Market by End Use Verticals, the sub-segment i.e. Residential will boost the Disconnecting Switch 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. Low will boost the Disconnecting Switch market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Mounting Type, the sub-segment i.e. Panel will boost the Disconnecting Switch market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Rapid Growth in Electrification and Industrialization
Market Growth Drivers:
Increasing Transmission & Distribution Network across the Remote Areas of Under Developing Countries and Rising Energy Demand and Increasing Power Generation Capacity
Challenges:
Fluctuating Price of Raw Material
Restraints:
Low-Quality Cheap Products by Local Manufacturers and Availability of Alternatives of Disconnecting Switch such as Plug/Connector Combination or Circuit Breakers
Opportunities:
Increasing Demand of Disconnecting Switch from Residential and Commercial Sector and The demand for Reliable Power Supply is Rising in Developed and Developing Economies
Market Leaders and their expansionary development strategies
In December 2018, Siemens, has agreed to acquire a 25% non-controlling stake in high-voltage disconnect switches producer Coelme Group, an Italian-based subsidiary of Southern States.
In October 2023, Littlefuse Inc, a diversified, industrial technology manufacturing company empowering a sustainable, connected, and safer world, has launched its Class J Fuse Disconnect Switch.
Key Target Audience
Disconnecting Switch Manufacturers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Other
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 a 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 the purpose to understand the companies positioning regarding the 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 a 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, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.