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Non-Fused Industrial Disconnect Switch Market Size

Report ID: GMI12014
Published Date: Oct 2024
Report Format: PDF

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Non-Fused Industrial Disconnect Switch Market Size

The global non-fused industrial disconnect switch market size was valued at USD 7.6 billion in 2023 and is estimated to grow at a CAGR of 6.2% from 2024 to 2032. The growing demand for dependable electrical equipment in tandem with strict safety mandates and regulations will augment the product installation. The widespread implementation of automation in industrial facilities combined with rising demand for control panels will proliferate the business dynamics.

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For instance, in 2023, the Indian government, in partnership with state authorities, initiated a program to develop industrial corridors. These corridors are designed to house new industrial hubs featuring sustainable infrastructure and ready-to-use facilities at the plot level, further supporting market expansion.

Non-Fused Industrial Disconnect Switch Market Report Attributes
Report Attribute	Details
Base Year:	2023
Non-Fused Industrial Disconnect Switch Market Size in 2023:	USD 7.6 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	6.2%
2032 Value Projection:	USD 13.3 Billion
Historical Data for:	2021 to 2023
No. of Pages:	125
Tables, Charts & Figures:	45
Segments covered:	Voltage, Mounting and Region
Growth Drivers:	Increasing demand for electricity & power safety Increasing industrial automation & ongoing expansion of infrastructure projects Implementation of stringent safety regulations
Pitfalls & Challenges:	Ongoing technological advancements

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A non-fused industrial disconnect switch is a type of electrical switch designed to isolate power from industrial equipment or electrical circuits, ensuring safety during maintenance or emergencies. Growing integration of smart switches with integrated IoT systems, enabling real-time monitoring of remote control capabilities and electrical performance will foster the industry growth. The rapid pace of industrialization and urbanization in key geographies along with growing emphasis on energy efficiency and operational optimization will encourage the adoption of disconnect switch.

Authors: Ankit Gupta, Saurabh Singh

Frequently Asked Questions (FAQ) :

The market size of non-fused industrial disconnect switch reached USD 7.6 billion in 2023 and is estimated to grow at a 6.2% CAGR from 2024 to 2032, driven by the increasing demand for reliable electrical equipment and stringent safety regulations.

The DIN rail mounted segment is expected to grow at a CAGR of over 6% through 2032, led by the demand for compact, efficient, and easy-to-install electrical safety solutions in industrial facilities.

The U.S. non-fused industrial disconnect switch market is set to reach over USD 1.8 billion by 2032, supported by ongoing investments in electrical infrastructure and rising demand in construction and power generation industries.

The key players in the industry include ABB, Eaton, Emerson Electric, General Electric, Halex, Hubbell, Legrand, Lovato Electric, Mersen, and Midwest Electric.