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Panel Mounted Industrial Disconnect Switch Market Trends

Report ID: GMI11765
Published Date: Oct 2024
Report Format: PDF

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Panel Mounted Industrial Disconnect Switch Market Trends

The industry is set for strong growth driven by the need for enhanced safety, operational efficiency, and energy management in industrial settings. Increased construction activity in key regions and efforts to modernize power grids will further boost the market outlook. Additionally, the expansion of sectors including oil and gas, mining, and heavy manufacturing, along with rising demand for switches capable of handling high voltage and current levels, will drive the adoption of industrial disconnect switch.

Authors: Ankit Gupta, Saurabh Singh

Frequently Asked Questions (FAQ) :

The global market for panel-mounted industrial disconnect switches was crossed USD 7.2 billion in 2023 and is projected to grow at a CAGR of 6.3% from 2024 to 2032, driven by the increasing demand for reliable electrical equipment and the implementation of stricter safety regulations.

The high-voltage segment of the panel-mounted industrial disconnect switch market is expected to surpass USD 6 billion by 2032, propelled by the rising need for isolation equipment and reliable protection solutions.

The non-fused panel-mounted industrial disconnect switch segment is anticipated to grow at a CAGR of over 6% through 2032, on account of modernization of industrial facilities in tandem with adoption of advanced electrical systems.

The U.S. market for panel-mounted industrial disconnect switches is projected to exceed USD 2.5 billion by 2032, attributed to stringent safety regulations that are driving the adoption of efficient, compact, and advanced fused disconnect switches.

Some of the major players in the panel-mounted industrial disconnect switch industry include ABB, Eaton, Siemens, Schneider Electric, Emerson Electric, Rockwell Automation, General Electric, and WEG, c3controls, Havells India, Socomec, and Hubbell.