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Panel Mounted Disconnect Switch Market Trends

Report ID: GMI10229
Published Date: Jul 2024
Report Format: PDF

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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.

Authors: Ankit Gupta, Saurabh Singh

Frequently Asked Questions (FAQ) :

The market size of panel mounted disconnect switch was reached USD 7.2 billion in 2023 and is anticipated to register 6.3% CAGR between 2024 and 2032, driven by increasing demand for electricity & power safety along with robust development of smart grids.

The non-fused segment in the panel mounted disconnect switch market will reach USD 7.5 billion by 2032, on account of their simplicity, reliability, and cost-effectiveness.

Asia Pacific panel mounted disconnect switch market is set to surpass USD 4.5 billion by 2032, due to the rapid industrialization along with increasing demand for robust and reliable disconnect switches in industrial sectors.

ABB, B&J-USA Inc., c3controls, Changan Group Co., Ltd., Eaton, Emerson Electric Co., EMSPEC, General Electric, Havells India Ltd., and Honeywell International Inc., among others.