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Industrial Disconnect Switch Market Size
- Report ID: GMI11263
- Published Date: Sep 2024
- Report Format: PDF
Industrial Disconnect Switch Market Size
Industrial Disconnect Switch Market size in 2023 was valued at USD 11.8 billion and is estimated to grow at a rate of 6.6% between 2024 and 2032. The growing emphasis on renewable energy sources along with a heightened focus on the safe & efficient operation of solar and wind power systems will positively influence the industry growth. For instance, in 2023, the investments toward development of manufacturing plants witnesses an annual growth of over 5% across the Europe.
An industrial disconnect switch is an essential component in electrical systems particularly in battery-powered applications. It automatically disconnects the battery from the load when the voltage drops below a predetermined threshold preventing deep discharge that could damage the battery or reduce its lifespan. LVD switches are used in automotive, solar power systems, and uninterruptible power supplies to maintain battery health and ensure reliable performance. By disconnecting non-essential loads during low voltage conditions, these switch helps to preserve critical system functions and prolong battery life.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Industrial Disconnect Switch Market Size in 2023: | USD 11.8 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 6.6% |
| 2032 Value Projection: | USD 21 Billion |
| Historical Data for: | 2021 - 2023 |
| No. of Pages: | 150 |
| Tables, Charts & Figures: | 50 |
| Segments covered: | Product, Mounting, Voltage & Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Industrial Disconnect Switch Market Scope
