The low voltage disconnect switch market is projected to reach a market size of USD 3.51 billion at a CAGR of 4.5% from 2016 to 2021. The market growth is attributed to increase spending on transmission & distribution networks, growing distributed automation, and rising concern for efficient and reliable power supply.
Complete report on global low voltage disconnect switch market spread across 167 pages, profiling 12 companies and supported with 62 tables and 42 figures is now available at http://www.reportsnreports.com/reports/538031-low-voltage-disconnect-switch-market-by-type-fused-non-fused-by-mount-panel-din-rail-others-by-voltage-0-240-v-240-480-v-480-690-v-by-application-industrial-commercial-by-region-global-trends-forecasts-to-2021.html .
“Increase in demand of photovoltaic systems is expected to drive the low voltage disconnect switch market”
Photovoltaic systems have evolved into a mature, sustainable and adaptive technology. New installations and the demand for PV systems have increased the need for disconnect switches and over current protective devices capable of interrupting currents. These systems as with all electrical power systems must have appropriate over current and overvoltage protection. These application is one of the growing segments of the disconnect switch market and hence the increasing focus towards power generation through PV systems will serve as a key driver for the low voltage disconnect switch market.
“Asia-Pacific to lead the global low voltage disconnect switch market in terms of growth rate”
Asia-Pacific held the largest market share in the disconnects or switch market, and is projected to grow at the highest CAGR. This growth can be attributed to the high urbanization and industrialization in countries, such as China, India, and Japan. China and India are two of the fastest-growing economies around the globe, and are responsible for the growth of the disconnect switch market in the region. The transmission and distribution industry has been expanding in the Asia-Pacific, resulting in huge potential for the low voltage disconnects switch market in the region.
ABB Ltd. (Switzerland), Eaton Corporation (Ireland), Schneider Electric SA (France), Siemens AG (Germany), Socomec (France), Salzer Electronics Ltd (India), Katko (Finland), Ensto (Finland), Lovato Electric (Italy), Benedict GMBH (Austria), Kraus & Naimer (Austria) and GE (U.S.). Ask for discount before order a copy of Low Voltage Disconnect Switch Market by Type (Fused & Non-Fused), by Mount (Panel, DIN Rail, & Others), by Voltage (0-240 V, 240- 480 V, 480-690 V), by Application (Industrial & Commercial) & by Region - Global Trends & Forecasts to 2021 research report at http://www.reportsnreports.com/contacts/discount.aspx?name=538031 .
The data have been collected through several primary and secondary sources. A comprehensive discussion guide was sent to several experts in the field of low voltage disconnect switch to verify the findings. In Tier 1 (35%), Tier 2 (45%) and Tier 3 (20%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-level Executives (35%), Director Level (35%) and others (40%) from various key organizations operating in the global flame retardants market. The primary interviews were conducted worldwide covering regions such as North America (45%), Europe (20%), Asia-Pacific (30%), and RoW (5%).
On a related note, another research on Switchgear Market Global Trends & Forecast to 2021 says, the switchgear market is expected to grow from an estimated USD 89.40 Billion in 2016 to USD 144.41 Billion by 2021, at a CAGR of 10.07% from 2016 to 2021. Increasing investments in transmission & distribution network development and growing need for efficient & reliable power are driving the global switchgear market. Transmission & Distribution Utilities: The fastest growing end-user segment in the global switchgear market. Asia-Pacific expected to be the fastest growing region in the global switchgear market. Companies like ABB Limited, Siemens AG, Alstom, TE Connectivity, Mitsubishi Electric Corporation, General Electric Company, Crompton Greaves Ltd. and Eaton Corporation have been profiled in this 158 pages research report available at http://www.reportsnreports.com/reports/538020-switchgear-market-by-voltage-1-kv-1-to-52-kv-and-52-kv-by-end-user-transmission-distribution-utilities-manufacturing-process-industries-and-commercial-residential-infrastructure-and-by-region-global-trends-forecast-to-2021.html .
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