Disconnect Switch Market Trends

  • Report ID: 5714
  • Published Date: Feb 21, 2024
  • Report Format: PDF, PPT

Disconnect Switch Market Trends

Growth Drivers

  • Usage of Disconnect Switch in Vehicles – Installing battery disconnect switches is the same as installing a complete relay system in the vehicle which has two detachable keys included that aid in preventing battery drain when maintaining and storing automobiles or trucks.
  • Growing Aerospace Industry- The autopilot disconnect switch, or AP disconnect switch, is a crucial part found in the cockpit of an airplane that is used to activate or deactivate the autopilot system.
  • Increasing Application in Railway- Disconnect switches are used in all electrified railway applications and are significantly more prevalent in light rail systems since it is less expensive to produce use less energy, and carry out power conversions by efficient hardware systems at substations.
  • Surging Need for Workers Safety in Industries- Disconnect switches give the ability to safeguard personnel from potentially harmful power surges or variations by completely shutting off the circuit.

Challenges

  • Stringent Safety Regulations – Disconnect switches need to meet a set of requirements to guarantee correct design and operation such as the OSHA regulations according to which the disconnecting method must be within line of sight, there must be heavy-duty motor-rated, and all disconnect switches must be lockable. Besides this, according to the National Electrical Code (NEC), every motor or piece of manufacturing equipment must have a safety switch visible from it, including the enclosure's protection against live parts and the contact position's clear indication, and must be visible in 50 feet or less of the equipment.
  • Challenges associated with the adoption of new technology may limit innovations
  • Environmental concerns may drive the adoption of other sustainable solutions

Disconnect Switch Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~6%

Base Year Market Size (2023)

~ USD 16 Billion

Forecast Year Market Size (2036)

~ USD 28 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Author Credits:  Dhruv Bhatia


  • Report ID: 5714
  • Published Date: Feb 21, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The growing demand for electricity across the globe and the growing launch of new products are the major factors driving the growth of the market.

The market size of disconnect switch is anticipated to attain a CAGR of 6% over the forecast period, i.e., 2024 - 2036.

The major players in the market are Leviton Manufacturing Co., Inc, ABB Ltd., Crompton Greaves Limited, Delixi Electric Co. Ltd., Driescher Gmbh, Eaton Corporation., General Electric Company, Havells India Ltd., Siemens AG, Schneider Electric SE, Mersen S.A., Littelfuse Inc, and others.

The fused segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the North American region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
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