Market Research Report
Disconnect Switch Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025
|Published by||IMARC Services Private Limited||Product code||960482|
|Published||Content info||109 Pages
Delivery time: 2-3 business days
|Disconnect Switch Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025|
|Published: September 3, 2020||Content info: 109 Pages||
The global disconnect switch market grew at a CAGR of around 7% during 2014-2019. A disconnect switch, or isolator switch, refers to a component of the electric circuit used for interrupting the flow of electrical current. It trips the flow of power, enables emergency shutdowns and facilitates switching to alternate sources of power. The switch consists of an enclosure, wired electrical contacts and actuator. The enclosure protects the contents from environmental hazards prevents the users from getting exposed to the live circuits. The handle and knobs are used for engaging or disengaging the contents without opening the enclosure. These switches are commonly available in the form of fusible and non-fusible variants and are used to de-energize a circuit, thereby providing a visual opening so that the circuit can be safely maintained, tested or repaired.
Rapid industrialization, along with extensive infrastructural development across the globe, is one of the key factors driving the growth of the market. Furthermore, the growing demand for efficient systems for generation, transmission and distribution of electricity, is providing a boost to the market growth. Disconnector switches are used in industrial power systems, transmission lines, substations, urban transportation and heavy manufacturing. In line with this, the widespread adoption of low-voltage disconnect switches across various industries, such as transportation, aviation, railways, telecommunications and power generation, is also contributing to the market growth. These switches can be mounted as a primary circuit breaker on switchboards and electrically closed and open devices, which is contributing to their increasing utilization across various industries. Additionally, rising awareness regarding the importance of maintaining the safety of workers in the electronics and manufacturing industries is acting as another growth-inducing factor. Safety sensors and disconnect switches are widely used in assembly lines, material handling units and conveyor systems to minimize occupational hazards. Other factors, such as increasing investments to improve the aging transmission and distribution infrastructure, are driving the market further. Looking forward, IMARC Group expects the global disconnect switch market to continue its moderate growth during the next five years.