The Disconnector Switches Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s 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 in the historic period can be attributed to industrial expansion, regulatory compliance, infrastructure development, market competition, energy demand.
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 growth in the forecast period can be attributed to renewable energy integration, smart grid implementation, electrification initiatives, environmental sustainability, market globalization. Major trends in the forecast period include digitalization trends, technological advancements, electrification of transportation, safety and reliability, customization and modular solutions.
Growing infrastructural and industrial developmental activities across the globe are expected to propel the growth of the disconnector switches market. Industrial development refers to the development of land for the manufacturing and partial manufacturing of goods, articles, substances, assembly of manufactured products, and others. An increase in infrastructural and industrial developmental activities is expected to boost the utilization of disconnector switches, as they are used in industries to perform regular maintenance and repair activities. For instance, in January 2022, according to a budget document published by the Government of India, the industrial sector grew by 22.9% in the first half of 2021-22 compared to the same period in 2020–21, and it is expected to grow by 11.8% during 2021-22 financial year. Additionally, in November 2021, the fact sheet produced by the White House stated that congress had passed the Bipartisan Infrastructure Deal (Infrastructure Investment and Jobs Act) for America’s infrastructure and competitiveness. Therefore, the growing infrastructural and industrial developmental activities are expected to boost demand for disconnector switches during the forecast period.
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The disconnector switches market covered in this report is segmented –
1) Disconnector Switches Market By Type: Fused, Non-Fused
2) Disconnector Switches Market By Mount: Panel, DIN Rail, Other Mounts
3) Disconnector Switches Market By Voltage: Low, Medium, High
4) Disconnector Switches Market By Application: Industrial, Commercial
Major companies operating in the disconnector switches market are focused on implementing and introducing new technologies to strengthen their position in the market. A built-in pressure switch function refers to the integration of a pressure switch as a standard feature in a system or device. For instance, in August 2022, Superior Sensor Technology, a US-based electric components manufacturing company, announced a built-in pressure switch function with three threshold pressure modes as part of their NimbleSense architecture to be used in HVAC, medical, and industrial devices. The new pressure switch due to its flexible design, reduces PCB board space and manufacturing costs.
The disconnector switches market report table of contents includes:
1. Executive Summary
2. Disconnector Switches Market Characteristics
3. Disconnector Switches Market Trends And Strategies
4. Disconnector Switches Market - Macro Economic Scenario
5. Global Disconnector Switches Market Size and Growth
......
32. Global Disconnector Switches Market Competitive Benchmarking
33. Global Disconnector Switches Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Disconnector Switches Market
35. Disconnector Switches Market Future Outlook and Potential Analysis
36. Appendix
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