Panel Mounted Industrial Disconnect Switch Market Size – By Voltage, By Product, Analysis, Share, Growth Forecast, 2024 – 2032

Panel Mounted Industrial Disconnect Switch Market Size

The global panel mounted industrial disconnect switch market was valued at USD 7.2 billion in 2023 and is estimated to grow at a CAGR of 6.3% from 2024 to 2032. The growing popularity of automation within industrial plants coupled with the necessity for efficient control panels will encourage industry growth. The need for reliable electrical tools and growing safety regulations are propelling the product demand.
 

A panel mounted industrial disconnect switch is an electrical device installed within an industrial control panel or distribution board to safely isolate electrical equipment from the power supply. The adoption of smart disconnect switches with IoT integration for real-time monitoring and remote control is driving business growth. Rapid urbanization and industrialization in key geographies combined with a focus on reducing energy consumption and enhancing operational efficiency will accelerate the deployment of disconnect switch.

Panel Mounted Industrial Disconnect Switch Market Trends

The industry is poised for robust expansion fueled by the requirement for better safety, improved performance, and energy control in industrial environments. Growth of the construction industry in key areas as well as ongoing initiatives to upgrade power grids will positively impact the business scenario. Furthermore, the growth of industries including oil and gas, mining, and heavy manufacturing together with increasing need for these controlling switches is driving the demand for industrial disconnect switch.
 

Panel Mounted Industrial Disconnect Switch Market Analysis

The high voltage panel mounted industrial disconnect switch industry is set to reach over USD 6 billion by 2032. The market is set for significant growth driven by the rising need for isolation equipment and reliable protection. The integration of these switches for the safe and reliable operation of grids coupled with the integration of smart grids and digitized industrial processes will amplify the business potential. Additionally, increased electrification in heavy industries comprising of metals, mining and transportation is boosting demand for these units.
 

The non-fused panel mounted industrial disconnect switch market size will experience a substantial growth rate of over 6% through 2032. These designs make the need for fuse replacement irrelevant, thus funneling maintenance needs and minimizing idle time. The further development of industrial facilities coupled with the use of modern electrical systems will escalate the need for these units. Increased focus on compliance with international standards including UL, IEC, and ISO along with the expansion of industrial automation, will further accelerate market growth.
 

The U.S. panel mounted industrial disconnect switch market will exceed USD 2.5 billion by 2032. The country is poised for tremendous growth owing to the strict safety standards driving the use of advanced, miniature, and intelligent fused disconnects switches. The incorporation of advanced technologies including automatic fault detection and diagnostics along with upgrades to aging electrical infrastructure will enhance industry potential. Rising investment by the key industry manufacturers toward expansion of their manufacturing capabilities across the county will positively sway the industry penetration.
 

The Asia Pacific panel mounted industrial disconnect switch market is experiencing strong growth driven by the rising demand for reliable disconnect switches across various industries including manufacturing and mining sectors. Moreover, the development of smart cities and transportation projects together with the construction of infrastructure is increasing the demand of more sophisticated electrical systems for optimal energy distribution in the generation and construction industries. In addition, rising adoption of renewable energy projects coupled with increasing need for safe electrical systems in advanced manufacturing processes will escalate the business outlook.
 

Panel Mounted Industrial Disconnect Switch Market Share

Siemens specializes in automation, electrification and digitalization. The company offers solutions in building and drive technology, energy, financing, and industrial automation. Its scope of industrial automation matters covers HVAC and digital lifecycle products, while in the case of drive technology, it encompasses automobile drives, converters, and motion control motors. Siemens also provides solutions for infrastructure development in the spheres of intelligent buildings, as well as power and energy management, distribution, and automation.
 

Panel Mounted Industrial Disconnect Switch Market Companies

Major players operating in the panel mounted industrial disconnect switch industry are:

• ABB
• c3controls
• Eaton
• Emerson Electric
• EMSPEC
• General Electric
• Giovenzana International
• Havells India
• Hubbell
• Littelfuse
• Lovato Electric
• Mersen
• Richards Manufacturing
• Rittal
• Rockwell Automation
• Salzer
• Schneider Electric
• Siemens
• Socomec
• WEG
   

Panel Mounted Industrial Disconnect Switch Industry News

• In February 2024, ABB has acquired the SEAM Group, which will enhance their safety, renewables, and asset management consulting services within their Electrification portfolio. This acquisition seeks to gain from the increasing supply need for asset modernization, allowing ABB to position itself as a provider of smarter, safer, and more sustainable operational solutions.
   
• In June 2023, Schneider Electric introduced significant upgrades to its VisiPacT heavy-duty safety switch, a key product in its safety solutions lineup. The new version includes modern features and a new look that aligns with the new national electrical code which improves safety and productivity in both commercial and industrial settings. This robust safety switch forms a very important aspect in the proper functioning of power equipment because it adheres to the principles of safety laid down by OSHA, NFPA, and other such bodies.
   

The panel mounted industrial disconnect switch market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) & volume (Units) from 2021 to 2032, for the following segments:

Click here to Buy Section of this Report

Market, By Voltage

• Low
• Medium
• High

Market, By Product

• Fused
• Non-Fused

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