Disconnect Switch Market Research Report - Global Forecast till 2030

Disconnect Switch Market Research Report: Information, by Type (Fused and Non-Fused), Mount (Panel mounted, DIN Rail mounted, and Others), Voltage (Low, Medium, and High), Application (Industrial and Commercial), and Region (North America, Europe, Asia-Pacific, the Middle East & Africa, and South America)-Forecast till 2030

ID: MRFR/E&P/0465-HCR | September 2022 | Region: Global | 185 Pages         

Disconnect Switches Market

Disconnect Switch Market is projected to be worth USD 17.86 billion by 2028, registering a CAGR of 5.79% during the forecast period (2021 - 2028)

Segmentation

By Type Fused Non Fused
By Mount Panel Mounted Din Rail Mounted Others
By Voltage Low Medium High
By Application Industrial Commercial

Key Players

  • Abengoa Solar SA (Spain)
  • Acciona Energy (Spain)
  • GE Renewable Energy (France)
  • TSK Flagsol Engineering GmbH (Germany)
  • Enel Green Power (Italy)
  • BrightSource Energy (US)
  • Atlantica Yield PLC (UK)
  • eSolar Inc. (US)
  • SolarReserve (US)
  • ACWA Power (Saudi Arabia)
  • Chiyoda Corporation (Japan)
  • Alsolen (Morocco)

Drivers

  • Growing transmission and distribution network
  • Increasing investment in industrialization
  • Increasing safety in industries
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Disconnect Switch Market Scenario


Disconnect Switch Market is projected to be worth USD 17.86 billion by 2028, registering a CAGR of 5.79% during the forecast period (2021 - 2028)., The market was valued at USD 12.75 billion in 2021.


A disconnect switch is primarily used to de-energize the electric circuit during servicing and maintenance. The switch interrupts the flow of electrical current by stopping the flow of power, allowing for emergency shutdowns. The switch has applications in large industries and power distribution; wherein high-powered machines have their power source connected. The two types of disconnect switch are– fusible and non-fusible. Fusible switches use the fuses to protect against overcurrent whereas non-fusible disconnect switches do not protect against short circuit and only switch the electrical flow on or off.

The major factors driving the growth of the global disconnect switch market include growing transmission and distribution network and increasing investment in industrialization, especially in developing economies. According to OECD, the cumulative power sector investment from 2017 to 2040 would approximately reach USD 5.9 trillion for transmission and USD 2.1 trillion for the distribution network. Thus, the demand for the disconnect switch is expected to increase during the forecast period. Additionally, the global disconnect switch market is projected to grow at a high rate during the forecast period due to the increasing safety in industries and rapid urbanization & industrialization.

According to International Energy Agency (IEA), the US would need to invest USD 2.1 trillion by 2035 to modernize its grid infrastructure, including 579 GW of new generating capacity, and extensive refurbishment of the transmission network. Moreover, according to India Brand Equity Foundation (IBEF), infrastructure sector in India witnessed 91 mergers and acquisitions deals worth USD 5.4 million in 2017 and has a requirement of investment worth USD 777.73 billion in infrastructure by 2022, which would in turn increase the demand for efficient power system, driving the demand for disconnect switches and other electrical components. Key players in the global disconnect switch market such as ABB, Siemens, General Electric, Schneider Electric, WEG SA, and others are actively focusing on signing contracts, agreements, and expansions to supply disconnect switch. For instance, in April 2019, ABB (Switzerland) announced that it would be investing USD 36 million to expand its advanced technology manufacturing operations for electrical switches in Mississippi, the US.  This would propel the growth of the disconnect switch market in North America. The global disconnect switch market has been segmented based on type, mount, voltage, application, and region.

Based on type, the global market has been divided into fused and non-fused. The non-fused segment is expected to dominate the global market during the forecast period. This is because a non-fused disconnect switch is used without additional fuse protection, making it more preferable, which is also one of the factors for its deeper market penetration.   Based on voltage, the global disconnect switch market has been segmented into the low, medium, and high voltage. The low voltage segment dominates the global market because a majority of applications lie in this voltage range such as commercial, manufacturing, power distribution, and photovoltaic applications, among others.   On the basis of application, the global market has been bifurcated into industrial and commercial. The industrial segment is estimated to register a higher growth rate during the forecast period.

The global disconnect switch market is expected to grow at ~5.79% CAGR during the forecast period. Market Segmentation   On the basis of region, the global disconnect switch market has been segmented into Asia-Pacific, North America, Europe, the Middle East & Africa, and South America. Asia-Pacific is expected to be the largest and the fastest-growing market, by region, during the forecast period. This is due to the rising industrialization and urbanization in China, Japan, India, and other Southeast Asian countries. China dominated Asia-Pacific in terms of market share and growth rate. Key Players The key players operating in the global disconnect switch market are Abengoa Solar, SA (Spain), Acciona Energy (Spain), GE Renewable Energy (France), TSK Flagsol Engineering GmbH (Germany), Enel Green Power (Italy), BrightSource Energy (US), Atlantica Yield PLC (UK), eSolar Inc. (US), SolarReserve (US), ACWA Power (Saudi Arabia), Chiyoda Corporation (Japan), Alsolen (Morocco), and Soligua (Italy).


Key Players


The key players operating in the global disconnect switch market are Abengoa Solar, SA (Spain), Acciona Energy (Spain), GE Renewable Energy (France), TSK Flagsol Engineering GmbH (Germany), Enel Green Power (Italy), BrightSource Energy (US), Atlantica Yield PLC (UK), eSolar Inc. (US), SolarReserve (US), ACWA Power (Saudi Arabia), Chiyoda Corporation (Japan), Alsolen (Morocco), and Soligua (Italy).


Intended Audience size its grid infrastructure, including 579 GW of new generating capacity, and extensive refurbishment of the transmission network. Moreover, according to India Brand Equity Foundation (IBEF), infrastructure sector in India witnessed 91 mergers and acquisitions deals worth USD 5.4 million in 2017 and has a requirement of investment worth USD 777.73 billion in infrastructure by 2022, which would in turn increase the demand for efficient power system, driving the demand for disconnect switches and other electrical components. Key players in the global disconnect switch market such as ABB, Siemens, General Electric, Schneider Electric, WEG SA, and others are actively focusing on signing contracts, agreements, and expansions to supply disconnect switch. For instance, in April 2019, ABB (Switzerland) announced that it would be investing USD 36 million to expand its advanced technology manufacturing operations for electrical switches in Mississippi, the US.  This would propel the growth of the disconnect switch market in North America.

The global disconnect switch market has been segmented based on type, mount, voltage, application, and region. Based on type, the global market has been divided into fused and non-fused. The non-fused segment is expected to dominate the global market during the forecast period. This is because a non-fused disconnect switch is used without additional fuse protection, making it more preferable, which is also one of the factors for its deeper market penetration.   Based on voltage, the global disconnect switch market has been segmented into the low, medium, and high voltage. The low voltage segment dominates the global market because a majority of applications lie in this voltage range such as commercial, manufacturing, power distribution, and photovoltaic applications, among others.   On the basis of application, the global market has been bifurcated into industrial and commercial. The industrial segment is estimated to register a higher growth rate during the forecast period. The global disconnect switch market is expected to grow at ~4.71% CAGR during the forecast period.

Market Segmentation


On the basis of region, the global disconnect switch market has been segmented into Asia-Pacific, North America, Europe, the Middle East & Africa, and South America. Asia-Pacific is expected to be the largest and the fastest-growing market, by region, during the forecast period. This is due to the rising industrialization and urbanization in China, Japan, India, and other Southeast Asian countries. China dominated Asia-Pacific in terms of market share and growth rate.


Intended Audience



  • Disconnect switch raw material suppliers

  • Electrical components manufacturers

  • Disconnect switch solution providers

  • Government and research organizations

  • Consulting companies in the power industry

  • Investment banks



Report Scope:

Report Attribute/Metric Details
  Market Size

  • 2028: USD 17.86 billion
  • 2030 : Significant value
  •   CAGR   5.79% CAGR (2022-2030)
      Base Year   2021
      Forecast Period   2022 to 2030
      Historical Data   2019 & 2020
      Forecast Units   Value (USD Billion)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   Type, Mount, Voltage, Application
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   Abengoa Solar, SA (Spain), Acciona Energy (Spain), GE Renewable Energy (France), TSK Flagsol Engineering GmbH (Germany), Enel Green Power (Italy), BrightSource Energy (US), Atlantica Yield PLC (UK), eSolar Inc. (US), SolarReserve (US), ACWA Power (Saudi Arabia), Chiyoda Corporation (Japan), Alsolen (Morocco), and Soligua (Italy)
      Key Market Opportunities

  • Rapid urbanization & industrialization
  • Increasing safety in industries
  •   Key Market Drivers

  • Growing transmission and distribution network
  • Increasing investment in industrialization
  • Developing economies


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    Frequently Asked Questions (FAQ) :

    During the review period, the market is estimated to garner a CAGR of approximately 5.79%..

    Disconnect Switch Market is projected to be worth USD 17.86 billion by 2028

    The renowned providers of disconnect switch in the market are GE Renewable Energy (France), Alsolen (Morocco), Chiyoda Corporation (Japan), SA (Spain), BrightSource Energy (US), eSolar Inc. (US), SolarReserve (US), ACWA Power (Saudi Arabia), Abengoa Solar, Acciona Energy (Spain), Atlantica Yield PLC (UK), Soligua (Italy), TSK Flagsol Engineering GmbH (Germany), Enel Green Power (Italy), and others.

    APAC is expected to be the largest and the fastest expanding market in the coming years.

    The voltage-wise segments in the market include low, medium and high.