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Commercial Panel Mounted Disconnect Switch Market Size

  • Report ID: GMI10818
  • Published Date: Aug 2024
  • Report Format: PDF

Commercial Panel Mounted Disconnect Switch Market Size

Commercial Panel Mounted Disconnect Switch Market was valued at USD 864.5 million in 2023 and is set to grow at a CAGR of 6.6% from 2024 to 2032. Increasing demand for reliable and efficient electrical equipment along with stringent safety standards & codes will complement the product deployment. Robust deployment of automation in commercial facilities in line with rising need for control panels will energize the industry dynamics.

 

A commercial panel mounted disconnect switch is an electrical device designed to provide a safe and effective way to disconnect power from electrical circuits or equipment. It is typically installed on or within an electrical panel, allowing operators to manually interrupt the flow of electricity to specific parts of a system. Surging expansion of wind and solar installations in conjunction with growing demand for efficient and safe electrical systems will foster business growth. Continuous innovation and development of switch design focusing on compactness, advanced materials, and durability combined with incorporation of remote monitoring & IoT capabilities will stimulate the penetration of disconnect switch.
 

Authors: Ankit Gupta, Saurabh Singh

Frequently Asked Questions (FAQ) :

The market size of commercial panel mounted disconnect switch was worth over USD 864.5 million in 2023 and is expected to register 6.6% CAGR from 2024 to 2032, owing to increasing demand for reliable and efficient electrical equipment along with stringent safety standards & codes worldwide.

Commercial panel mounted disconnect switch industry from the high voltage segment is projected to surpass USD 700 million by 2032, due to integration of smart technological systems, rising safety requirements, and the continuous utilization of energy consumption.

Asia Pacific commercial panel mounted disconnect switch industry is expected to reach over USD 500 million by 2032, due to rapid urbanization growth particularly in construction of commercial buildings in the region.

ABB, Eaton, Honeywell International Inc., Littelfuse, Inc., LOVATO ELECTRIC, MERSEN EP, Richards Manufacturing Co., Rockwell Automation, Salzer, Schneider Electric, Siemens, SOCOMEC, and WEG, are some of the major commercial panel mounted disconnect switch companies worldwide.

Commercial Panel Mounted Disconnect Switch Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 40
  • Countries covered: 23
  • Pages: 125
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