Disconnect switches are used in power distribution and industries to perform repair and maintenance on the machinery by disconnecting them from electrical energy source. Disconnect switch forms an essential part of switchgear in transmission and distribution lines and are used for varied applications.
IndustryARC Market Research Experts suggest that the Disconnect Switch Market is going to grow at a CAGR 7.8% during the forecast period 2015-2021 to reach nearly $13 billion by 2021 end.
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MARKET TRENDS AND MARKET GROWTH STATISTICS:
Disconnect Switch Market Applications Brief:
• The disconnect switches appear useful in various applications like:
• In motor control centers
• In switchboards
• As main switches in numerous equipment and machines
• Essential part of switchgear in transmission and distribution lines
• Often used in industrial or electrical distribution
Disconnect Switch Market Driving Factors:
The key drivers for disconnector switch market are industrialization, urbanization, automation and increasing safety concerns in factories and manufacturing plants. It is observed that the regions having more growth of industrialization or automation is expected to have major market share in the disconnector switch market. The growth in the disconnect switch market is attributed to the ongoing investments in the transmission and distribution, increasing industrialization & urbanization and growing safety concerns around the globe. Growth in transmission & distribution network and accumulative need for efficient & reliable power are also driving factors for the disconnect switch market across the globe.
Segment Wise Outlook of Disconnect Switch Market:
Among the high, low and medium voltage segments of the disconnect switch market, low voltage switches are noted to be the leaders of the global market. On...