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Disconnect Switch Market Trends

Report ID: GMI7572
Published Date: Dec 2023
Report Format: PDF

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Disconnect Switch Market Trends

Industries and utilities are increasingly prioritizing safety and reliability in their electrical systems. The integration of disconnect switches with IoT technologies enables real-time monitoring and data collection. This can help in predictive maintenance, reducing downtime, and optimizing the performance of electrical systems. IoT-enabled disconnect switches may also contribute to overall energy efficiency.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of disconnect switch was reached USD 18.2 billion in 2022 and is estimated to surpass USD 35.9 billion by 2032, driven by the growing adoption of renewable energy sources coupled with the increasing focus on safe and efficient operation of solar and wind power systems.

Panel mounted disconnect switch market size is estimated to witness 5.8% CAGR from 2023 to 2032, attributed to the growing trend of industrial automation along with the incorporation of smart technologies in industrial equipment.

Europe disconnect switch industry was worth USD 4.1 billion in 2022 and is estimated to expand at a notable growth rate from 2023 to 2032, attributed to the ongoing integration of solar and wind energy into the power grid to ensure grid stability.

Some of the top disconnect switch companies are Emerson Electric, ABB, Siemens, Honeywell International Inc., General Electric, Littelfuse Inc., Schneider Electric, Eaton, Rockwell Automation, Havells India Ltd., Socomec, Altech Corporation, LOVATO ELECTRIC, and many others.