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Low Voltage Disconnect Switch Market Trends

  • Report ID: GMI9903
  • Published Date: Jun 2024
  • Report Format: PDF

Low Voltage Disconnect Switch Market Trends

The LVD switch market is growing rapidly due to technical improvements and changing industrial demands. The integration of smart and connected LVD switches with IoT and smart grid technologies improves monitoring and control capabilities. These smart switches provide real-time data collecting, remote management, and predictive maintenance, resulting in increased system reliability and efficiency. Modern Battery Management Systems (BMS) with LVD switches optimize battery performance through precise voltage and current monitoring, temperature regulation, and state-of-charge prediction, ensuring superior battery health and lifetime.
 

For instance, in October 2023, Littelfuse Inc. launched its class J fuse disconnect switch. The compact device combines a switch and multiple fuses into a single product offering a simpler way to manually open and close a circuit while safeguarding against overcurrent and short circuits. The switch, offering compact design and robust protection for various industries, enhances safety and efficiency in power management. By integrating a switch and multiple fuses, it simplifies circuit operations and improves personnel safety, positioning Littelfuse for growth in the market.

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

The market size for low voltage disconnect switch was valued at over USD 3.65 billion in 2023 and is estimated to register more than USD 5.3 billion by 2032, driven by the growing awareness and need for energy efficiency across a variety of industries, including renewable energy integration.

The 0-240V segment of the low voltage disconnect switch market is expected to reach a value of over USD 2.2 billion by 2032, driven by the increasing regulatory focus on electrical safety and energy efficiency.

North America market accounted for over 38% share in 2023 and will expand rapidly through 2032, driven by robust industrial base and a well-established energy sector that extensively uses LVD switches.

ABB Ltd, Siemens AG, General Electric Company (GE), Eaton Corporation, and Littelfuse, Inc. among others.

Low Voltage Disconnect Switch Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 25
  • Tables & Figures: 332
  • Countries covered: 23
  • Pages: 220
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