Disconnector Switches Global Market Report 2024

The disconnector switches market size has grown strongly in recent years. It will grow from $13.58 billion in 2023 to $14.5 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth observed in the historic period can be attributed to factors such as industrial expansion, regulatory compliance, infrastructure development, market competition, and the increasing demand for energy.

The disconnector switches market size is expected to see strong growth in the next few years. It will grow to $18.76 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The anticipated growth in the forecast period can be attributed to factors such as the integration of renewable energy, the implementation of smart grids, electrification initiatives, a focus on environmental sustainability, and the globalization of the market. Major trends expected in this period include digitalization trends, technological advancements, the electrification of transportation, an emphasis on safety and reliability, and the adoption of customization and modular solutions.

The anticipated growth in infrastructural and industrial developmental activities worldwide is poised to drive the expansion of the disconnector switches market. Industrial development encompasses the utilization of land for manufacturing, partial manufacturing of goods, assembly of products, and related activities. The surge in such developmental initiatives is expected to contribute to an increased adoption of disconnector switches, particularly in industrial settings where they play a crucial role in facilitating routine maintenance and repair operations. As an illustration, in January 2022, the Government of India's budget document revealed a substantial growth of 22.9% in the industrial sector during the first half of the 2021-22 financial year compared to the corresponding period in 2020–21. Furthermore, the industrial sector is projected to witness an 11.8% growth for the entire 2021-22 financial year. Moreover, in November 2021, the White House reported the passing of the Bipartisan Infrastructure Deal (Infrastructure Investment and Jobs Act) by the U.S. Congress, highlighting significant investment in America's infrastructure and competitiveness. Consequently, the surge in infrastructural and industrial developmental activities is anticipated to foster a heightened demand for disconnector switches throughout the forecast period.

The surge in demand for charging vehicles is anticipated to drive the growth of the disconnector switches market. Charging vehicles involves the process of supplying electric energy to recharge the batteries of electric vehicles (EVs). Electric vehicles, including electric cars and electric bicycles, rely on stored electrical energy in batteries to power their electric motors. Disconnector switches play a crucial role in the architecture of charging stations and systems, ensuring the safe and efficient flow of electrical energy for recharging EV batteries. For example, in 2022, as reported by the Climate Change Committee (CCC), an independent non-departmental public body established under the Climate Change Act to provide advice on climate-related matters, 80% of electric vehicle users recharge their vehicles overnight at home. Moreover, the UK Government has set ambitious targets to double rapid charging infrastructure by 2024. Consequently, the growing demand for charging vehicles is expected to lead to an increased need for disconnector switches throughout the forecast period.

Technological advancement emerges as a prominent trend gaining traction in the global disconnector switches market. Key players in this market are directing their efforts towards the development of innovative products characterized by enhanced operating efficiency and heightened operator safety. This strategic focus aims to cater to the escalating demands of end-customers and reinforce the competitive positioning of these companies. As an illustration, in 2023, Schneider Electric, a France-based pioneer in electrical, digital, and automation solutions for efficiency and sustainability, elevated its Core VisiPacT heavy-duty safety switches to enhance both quality and productivity. The upgraded Core VisiPacT switch incorporates advanced monitoring and diagnostics capabilities, providing real-time information on the switch's performance and contributing to the prevention of downtime. Additionally, the switch boasts improved reliability and durability, rendering it suitable for deployment in challenging industrial environments. This commitment to technological advancements underscores the industry's drive towards delivering cutting-edge solutions to meet evolving market requirements.

Prominent companies in the disconnector switches market are strategically concentrating on the adoption and introduction of novel technologies to enhance their market standing. One such technological innovation is the incorporation of a built-in pressure switch function, which entails integrating a pressure switch as a standard feature in a system or device. For example, in August 2022, Superior Sensor Technology, a US-based manufacturer of electric components, unveiled a built-in pressure switch function with three threshold pressure modes as part of their NimbleSense architecture. This technology is designed for application in HVAC (Heating, Ventilation, and Air Conditioning), medical, and industrial devices. The newly introduced pressure switch, owing to its flexible design, serves to reduce PCB board space and manufacturing costs, making it a versatile and cost-effective solution for various applications. This strategic move reflects the commitment of major industry players to leverage innovative technologies for optimizing functionality and efficiency in disconnector switches, ultimately strengthening their position in the market.

In March 2021, Siemens AG, a multinational conglomerate corporation based in Germany, completed the acquisition of C&S Electric for a total of $296.21 million. This strategic move by Siemens AG is geared towards broadening its business footprint in diverse sectors within India, encompassing home-building, construction, infrastructure, and other relevant industries. C&S Electric, the acquired company, is based in India and specializes in the manufacturing of low-voltage switchgear components, metering devices, and various other electrical equipment essential for the transmission and distribution of electricity.

Major companies operating in the disconnector switches market report are Siemens AG, General Electric Company, Schneider Electric, Honeywell International Inc., ABB, Larsen & Toubro Limited, Eaton Corporation PLC, JVCKENWOOD Corp, Emerson Electric Co., Rockwell Automation Inc., WEG S.A., Sysmex Corp, Cipla Limited, Littelfuse Inc., Havells India Limited, Mersen, Socomec Group S.A., CG Power and Industrial Solutions Limited, C&S Electric Limited, Leviton Manufacturing Co. Inc., Wieland Electric Inc., Lucy Electric UK Ltd., Efacec Power Solutions, AutomationDirect, G&W Electric Company, Entec Electric & Electronic Co. Ltd., Tavrida Electric AG, Driescher Gmbh, Wisconsin Oven Corp., NOJA Power Switchgear Pty Ltd., Fuji Electric Co. Ltd., Sälzer Electric GmbH.

North America was the largest region in the disconnector switches market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the disconnector switches market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the disconnector switches market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Disconnector switches come in two main types: fused and non-fused. Fused disconnector switches serve as manual isolation devices for loads and distribution boards. These switches can carry and break specific rated currents, providing protection for downstream electrical loads and disconnecting all poles from the power supply load. They are adaptable, being mountable on panels, DIN rails, and other supports. Fused disconnector switches find applications across low voltage, medium voltage, and high voltage scenarios in both commercial and industrial sectors.

The disconnector switches market research report is one of a series of new reports that provides disconnector switches market statistics, including disconnector switches industry global market size, regional shares, competitors with a disconnector switches market share, detailed disconnector switches market segments, market trends and opportunities, and any further data you may need to thrive in the disconnector switches industry. This disconnector switches market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The disconnector switches market consists of sales of vertical break, double end break, single side break,center break, verticle reach, grounding, and hook stick. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.