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Global Disconnect Switch Market to reach USD 20.01 billion by the end of 2030

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

Product Code: EESC-21033189
Publish Date: 20-01-2024
Page: 200

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:
Ø 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:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Operating Voltage, Application, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü 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 1
8.1.2. Company 2
8.1.3. Company 3
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

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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