Panel Mounted Disconnect Switch Market Size – By Product (Fused, Non-Fused), By Voltage (Low {≤ 11 kV}, Medium {> 11 kV - 33 kV}, High {> 33 kV}), By Application (Commercial, Industrial, Utility), By Regional Outlook & Forecast, 2024 – 2032

Panel Mounted Disconnect Switch Market Size

Panel Mounted Disconnect Switch Market was valued at USD 7.2 billion in 2023 and is set to grow at a CAGR of over 6.3% from 2024 to 2032. Increasing demand for reliable and easily accessible electrical equipment in line with surging stringent safety regulations and electrical codes will influence the product adoption. Paradigm shift toward automation in manufacturing and industrial processes coupled with growing need for control panels will escalate the industry outlook.
 

A panel-mounted disconnect switch is a type of disconnect switch specifically designed to be installed on an electrical control panel. Rapid expansion of renewable energy installations including solar and wind power along with rising necessity of efficient and safe electrical systems will augment the business growth. Continuous innovation in switch design comprising of enhanced durability, compact size, and improved materials combined with integration of remote monitoring and IoT capabilities will energize the deployment of disconnect switch.
 

Panel Mounted Disconnect Switch Market Trends

The industry is set to witness significant growth owing to their ease of use and compliance with safety standards. Ongoing construction activities particularly in emerging economies in association with growing demand for electrical control panels will foster the industry landscape. Robust urbanization growth and industrial development coupled with expansion on renewable energy projects will propel the business outlook. In addition, continuous efforts by the respective government toward emphasizing sustainable energy infrastructure in line with implementing safety standards for electrical infrastructure will complement the adoption of these units.
 

Panel Mounted Disconnect Switch Market Analysis

The non-fused panel mounted disconnect switch industry will exceed USD 7.5 billion by 2032. The industry is projected to surge on account of their simplicity, reliability, and cost-effectiveness. Increasing integration of automation and advanced control units along with increasing adoption of reliable disconnection capabilities will sway the industry scenario. These switches offer essential safety functions while being more efficient and easier to maintain compared to fused options. Moreover, growing focus toward renewable energy projects along with refurbishment of existing grid networks will strengthen the business growth.
 

The industrial panel mounted disconnect switch market size will observe 6% growth rate from 2024 to 2032, owing to rising demand for robust and reliable solution that can withstand harsh conditions and provide consistent performance. Growing focus toward energy efficiency and sustainability coupled with compliances with national and international safety standards will stimulate the business landscape. Additionally, surging need for precise and safe control of machinery and equipment combined with ongoing infrastructure development and modernization projects will boost the deployment of these systems.
 

Asia Pacific panel mounted disconnect switch market is set to surpass USD 4.5 billion by 2032. The region is experiencing notable growth pertaining to rapid industrialization and increasing demand for robust and reliable disconnect switches in industrial sectors including manufacturing, mining, and energy. Continuous investments in infrastructure projects across key countries along with robust demand for these switches in power generation, transmission, and distribution networks industry will positively sway the business outlook.
 

The U.S. panel mounted disconnect switch market is set to observe significant growth owing to the stricter enforcement of safety regulations and standards to the adoption of these units. Rising adoption of smart technological innovation including remote monitoring and IoT capabilities along with integration of advanced switches in automation systems will fuel the industry dynamics. Furthermore, continuous focus toward modernization of electrical infrastructure and incorporation of more advanced and reliable electrical components, which in turn will proliferate the business size.
 

Panel Mounted Disconnect Switch Market Share

Honeywell International is a global technology and manufacturing company operating under several industry verticals including aerospace & defense, buildings & cities, chemicals & materials, industrial & manufacturing, retail, safety, and supply chain. The company specializes in energy-efficiency solutions for buildings such as temperature control systems, heat pumps, humidifiers, and others. It holds a large inventory of thermostats including heating & cooling, wi-fi, digital, and programmable. Honeywell produces energy management systems and manufactures automated control systems, aircraft guidance & control systems, and fire & security controls.
 

Panel Mounted Disconnect Switch Market Companies

The key industry players include:

• ABB
• B&J-USA Inc.
• c3controls
• Changan Group Co., Ltd.
• Eaton
• Emerson Electric Co.
• EMSPEC
• General Electric
• Havells India Ltd.
• Honeywell International Inc.
• Littelfuse, Inc.
• LOVATO ELECTRIC
• MERSEN EP
• Richards Manufacturing Co.
• Rockwell Automation
• Salzer
• Schneider Electric
• Siemens
• SOCOMEC
• WEG
   

Panel Mounted Disconnect Switch Industry News

• In October 2023, Littelfuse launched an innovative J fuse disconnect switch. This compact device integrated with a switch and various fuses into a single system, offering a streamlined solution for manually controlling circuits while providing robust protection against overcurrent and short circuits. The switch is available in 30 A, 60 A, 100 A, and 200 A configurations, making it suitable for across various industries including HVAC/R, mining, energy storage, solar energy, and industrial sectors.
   
• In July 2023, Schneider Electric has enhanced its Square D VisiPacT product line with advanced safety and convenience features, setting new standards in heavy-duty switches that meet or exceed NEMA requirements and OSHA. This essential device interrupts the connection between equipment and the power source.
   

This panel mounted disconnect switch market research report includes in-depth coverage of the industry with estimates & forecast in terms of “Units” & “USD Million” from 2021 to 2032, for the following segments:

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Market, By Product

• Fused
• Non-Fused

Market, By Voltage

• Low (≤ 11 kV)
• Medium (> 11 kV - 33 kV)
• High (> 33 kV)

Market, By Application

• Commercial
• Industrial
• Utility

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Spain
• Asia Pacific
  • China
  • Australia
  • India
  • Japan
  • South Korea
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • Oman
  • South Africa
  • Egypt
• Latin America
  • Brazil
  • Peru
  • Argentina