Market for Disconnect Switch worth 12.66 Billion USD by 2020 Market for Disconnect Switch

Market for Disconnect Switch worth 12.66 Billion USD by 2020 The report “Market for Disconnect Switch by Type (Fused, Non-Fused), by Mount (Panel Mounted, DIN Rail Mounted, Others), by Voltage (Low, Medium, High), by Application (Industrial, Commercial), and by Region - Global Trends & Forecast to 2020”, defines and segments the global disconnect switch market with an analysis and forecast of the market size. Disconnect Switch market is expected to grow from an estimated USD 9.07 Billion in 2015 to USD 12.66 Billion by 2020, at a CAGR of 6.9% from 2015 to 2020. Growth in transmission & distribution network and accumulative need for efficient & reliable power are driving the disconnect switch market across the globe. Non-fused disconnect switch to register the highest growth in next five years Amongst the two type of disconnect switch, non-fused disconnect switch is expected to be the fastest growing segment in the next five years period. This high growth is majorly driven by Asia- Pacific region which has rapid industrialization in two of the fastest growing economies, China and India. Non-fused disconnect switch is used without additional fuse protection making it more preferable which is also one of the factors for its deeper market penetration. Sample Request: Low voltage disconnect switch lead the global market over high and medium voltage segment The report also segments the disconnect switch by different voltage level into low, medium, and high, where low voltage ranges up to 1 kV, medium voltage is 1 kV to 52 kV, and high voltage is more than 52 kV. Low voltage range is most widely used as majority of applications lie in this range such as power distribution, manufacturing, photovoltaic, infrastructure, and commercial applications. In 2014, the market penetration for low voltage disconnect switch is highest in Asia-Pacific, followed by North America. At present, high voltage segment has the least share in disconnect switch market but is expected to grow at the highest CAGR during 2015-2020 due to growing high voltage power transmission trends. Asia-Pacific is the dominant market for disconnect switch In 2014, Asia-Pacific dominated the global market for disconnect switch, and accounted for a share of around 45%. The increasing industrialization and urbanization in developing region is a major factor for the growth of the market for disconnect switch in these countries. The major countries contributing to the growth of the global market for disconnect switch are China, U.S., India, Germany, U.K., Brazil, Canada, Saudi Arabia, and Japan. China is the single largest market for disconnect switch globally, followed by the U.S. Request for Customization: