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.
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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.
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