Disconnect Switch Market Size

Disconnect Switch Market size was valued at USD 15.45 billion in 2024 and is set to exceed USD 30.61 billion by 2037, registering over 5.4% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of disconnect switch is evaluated at USD 16.12 billion. The reason behind the growth is impelled by the growing demand for electricity across the globe owing to the increasing population and economic growth. For instance, over the past 50 years, global power consumption has increased steadily, and in 2022, it reached around 25,400 terawatt-hours. Moreover, the average global household's use of energy will increase by over 72% between 2021 and 2050, driven primarily by the developing countries' expanding economies.

The growing launch of new products is believed to fuel the disconnect switch market growth. For instance, in October 2023 Littelfuse, Inc. an industrial technology manufacturing company introduced the Class J Fuse Disconnect Switch to provide a safer alternative to manual circuit opening and closing while safeguarding numerous applications across a range of sectors, and improving worker safety.