Disconnect Switch Market size is poised to surpass USD 28 Billion by the end of 2036, growing at a CAGR of 6% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of disconnect switch was USD 16 Billion. The reason behind the growth is impelled by the growing demand for electricity across the globe owing to the increasing population and economic growth. For instance, over the past 50 years, global power consumption has increased steadily, and in 2022, it reached around 25,400 terawatt-hours. Moreover, the average global household's use of energy will increase by over 72% between 2021 and 2050, driven primarily by the developing countries' expanding economies.
The growing launch of new products is believed to fuel the disconnect switch market growth. For instance, in October 2023 Littelfuse, Inc. an industrial technology manufacturing company introduced the Class J Fuse Disconnect Switch to provide a safer alternative to manual circuit opening and closing while safeguarding numerous applications across a range of sectors, and improving worker safety.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
~6% |
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Base Year Market Size (2023) |
~ USD 16 Billion |
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Forecast Year Market Size (2036) |
~ USD 28 Billion |
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Regional Scope |
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Type (Fused, Non-Fused)
The fused segment in disconnect switch market is estimated to gain a robust revenue share of about 65% in the coming years. The only disconnect switches with fuses are fused ones, a multi-functional device that combines short circuit and overcurrent protection with a switch to disconnect the circuit to offer a dependable means of turning off the power when necessary. High-voltage machines are the ideal applications for fused disconnect switches, which can be used locally for manual motor controllers throughout the line, or general-purpose disconnects, and can also function effectively in large installations as well, where several components need to be unplugged at the same time. There are additional benefits to a fused disconnect such as they can precisely monitor large power demands and one of the main benefits is that they adhere to NEC code requirements, and are the most affordable, straightforward, and industry-compliant solution out of all of them. Moreover, owing to the fusible element in fused disconnect switches, which melt in the event of an overcurrent, they are far safer than circuit breakers and have a high ampere interrupting capacity.
In addition, non-fused disconnect switches are made to break and form electrical circuits which have a wide range of domestic and commercial uses and are also utilized in a lot of industrial scenarios since they are more practical, less costly, and easier to use in comparison to their fused counterparts. Since they are certified as manual motor controllers, non-fuse disconnects switches function better even in the most demanding applications and make it possible to unplug large machinery and equipment from the power source for emergency stops and maintenance and repair tasks.
Voltage (Low, Medium, High)
The low segment in disconnect switch market is set to garner a notable share shortly. Low voltage disconnect switches cover both AC and DC power supplies and act as a safety measure to keep the battery from draining by automatically cutting off the load attached to a battery if the battery voltage drops too low. In addition, a high-voltage air break disconnector switch is a mechanical switching device that combines state-of-the-art technology with the highest quality standards for a voltage range from 36 kV to 800 kV which can be manually and remotely operated and is used in electrical substations to allow isolation of apparatus such as circuit breakers, transformers, and transmission lines. Furthermore, a disconnect switch with a voltage range of 3 to 36 kV is known as a medium voltage disconnect switch that is installed to provide a secure primary disconnect for medium-voltage electrical systems.
Our in-depth analysis of the global disconnect switch market includes the following segments:
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Application |
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Voltage |
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Type |
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Mount |
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North American Market Forecast
Disconnect switch market in North America is predicted to account for the largest revenue share of 45% by 2036 impelled by the growing adoption of renewable energy sources. In the US, renewable energy is the energy source that is expanding the fastest and has enabled drastically lower emissions of greenhouse gases into the atmosphere. According to estimates, by 2024, renewable energy is expected to increase by over 1 100 GW overall, which is equal to the US's entire electrical capacity.
In addition, there's no denying that the US needs new transmission infrastructure therefore, spending on essential enabling infrastructure is necessary to hasten the transition to a sustainable energy sector. For instance, the Department of Energy (DOE) announced on October 2023, that over USD 3 billion would be allocated to 58 projects in more than 40 states to enhance the resilience and stability of the nation's electric grid. This may lead to an increase in demand for disconnect switches in the region.
European Market Statistics
The Europe disconnect switch market is estimated to be the second largest, revenue share during the forecast period, led by rapid urbanization. Europe is one of the most urbanized regions in the world, and the vast majority of its citizens already reside there. For instance, by 2050, Europe's urbanization rate is projected to reach over 83%.
Author Credits: Payel Roy, Dhruv Bhatia
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