Home > Energy & Power > Electrical Equipment > Disconnect Switches > Industrial Disconnect Switch Market

Industrial Disconnect Switch Market Trends

Report ID: GMI11263
Published Date: Sep 2024
Report Format: PDF

Download Free Sample

Industrial Disconnect Switch Market Trends

Continuous focus on safety and adherence to industry standards will positively sway the disconnect switch market. These switches play a vital role in maintaining the safety of electrical systems and improvements in safety features and compliance with regulations are expected to drive industry growth. Industries and utilities are placing a growing emphasis on safety and reliability in their electrical systems. The incorporation of disconnect switches with IoT technologies allows for real-time monitoring and data collection, which aids in predictive maintenance, minimizes downtime, and enhances the performance of electrical systems, which in turn will the industry potential.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The industrial disconnect switch industry was valued at USD 11.8 billion in 2023 and is anticipated to register a 6.6% CAGR between 2024 and 2032 catapulted by the growing emphasis on renewable energy sources.

The fused industrial disconnect switch segment will cross USD 7.5 billion by 2032, bolstered by the spurring demand for reliable and safe electrical systems.

Asia Pacific market is set to surpass USD 8 billion by 2032, driven by the incorporation of solar and wind energy into the power grid that necessitates managing fluctuations and maintaining grid stability.

Honeywell International Inc., Legrand, LOVATO ELECTRIC, MERSEN, Orient Electric International Group Limited, and Richards Manufacturing Co., among others.