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Non-Fused Industrial Disconnect Switch Market Trends

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

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Non-Fused Industrial Disconnect Switch Market Trends

The industry is experiencing substantial growth driven by increasing demand for improved safety measures, operational efficiency, and effective energy management in industrial settings. Extensive construction activities in key regions in line with ongoing initiatives to modernize power distribution networks will propel the demand for industrial disconnect switch. Moreover, robust growth across oil & gas, heavy manufacturing, and mining in conjunction with rising requirements for switches capable of managing high voltage and current levels will influence the business landscape.

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.