Commercial Panel Mounted Disconnect Switch Market Share

Asia Pacific Market Forecast

The Asia Pacific commercial panel mounted disconnect switch market is anticipated to account for a revenue share of 31.7% through 2037 owing to rapid industrial activities and increasing adoption of renewable energy sources. The rising investments in infrastructure development and commercial construction projects are pushing the sales of advanced panel mounted disconnect switches. For instance, the Bhadla Solar Park located in India is the third biggest solar power plant project in the world as of 2024. Some of the high-growth marketplaces in Asia Pacific are China, India, Japan, and South Korea.

China’s consistent rise in industrial activities particularly in manufacturing and construction is driving high demand for efficient electrical systems including panel mounted disconnect switches. The country is witnessing high electricity demand in data center, transport, and residential sectors contributing to increasing sales of disconnect switches. For instance, according to the International Energy Agency, the electricity demand reached 6.4% in 2023.

In India, the rising urbanization and growing renewable energy projects are significantly influencing the sales of panel mounted disconnect switches. The India Brand Equity Foundation estimates that the country is the 3^rd largest producer and consumer of power worldwide, with an installed capacity of 442.85 GW. According to the National Infrastructure Pipeline 2019-2025 estimations, energy projects account for 24% of the total capital expenditure. Furthermore, in the interim budget for 2024-2025, the solar power grid infrastructure development captured a fiscal allocation of USD 1.o2 billion.

North America Market Statistics

The North America market is projected to expand at the fastest pace during the forecast period owing to rapid digitalization among several industries and the presence of key market players. The market players in North America are continuously investing in R&D to develop innovative commercial panel mounted disconnect switch technologies. The investments in upgrading electrical infrastructure in the region are also fuelling the sales of reliable electrical components including panel mounted disconnect systems.

In the U.S., the government’s investments in infrastructure and urban development projects are fuelling the demand for advanced electrical systems including disconnected switches. For instance, the Vogtle Electric Generating Plant located in Georgia has a power capacity of 4,536 megawatts and is one of the largest nuclear power plants and the source of low-carbon electricity in the country. Furthermore, strict safety and environmental regulations are also driving the adoption of advanced energy-efficient solutions such as safety or load breaker switches.