Low Voltage Disconnect Switch Market Worth USD 3.51 Billion by 2021 – Demand for Electricity Increasing in Developing Nations – Research and Markets
By Business Wire News
By Business Wire News
Research and Markets has announced the addition of the “Low Voltage Disconnect Switch Market – Global Trends & Forecasts to 2021” report to their offering.
The global low voltage disconnect switch market is projected to reach USD 3.51 Billion by 2021 from an estimated value of USD 2.81 Billion in 2016.
The growing worldwide transmission and distribution expenditure, growing infrastructural and industrial developmental activities, along with growing safety concerns would propel the market for low voltage disconnect switches. These factors are expected to drive the growth of the low voltage disconnect switch market.
The demand for electricity is increasing in developed nations in North America and Europe as well as in fast-growing economies in the Asia-Pacific. Generation, transmission, and distribution are increasing at a good pace which has led to the growth in sales of associated components, such as switchgear, circuit breakers and disconnect switches. The market for low voltage disconnect switches is growing at a healthy rate especially in developing countries, where the transmission and distribution industry is in the growth stage.
The Asia-Pacific region dominates the low voltage disconnect switch market and is estimated to grow at a good pace in the next five years. The growth is attributed to the increase in transmission and distribution activities in China, India, Malaysia, Australia, and Thailand. North America and Europe stood at the second and third position, respectively, in terms of market size, in the global low voltage disconnect switch market.
- ABB Ltd.
- Benedict GmbH
- Eaton Corporation
- General Electric
- Kraus & Naimer
- Lovato Electric
- Salzer Electronics Limited
- Schneider Electric SA
- Siemens AG
Key Topics Covered:
2 Research Methodology
3 Market Overview
4 Industry Trends
5 Low Voltage Disconnect Switch Market, By Type
6 Low Voltage Disconnect Switch Market, By Mount
7 Low Voltage Disconnect Switch, By Application
8 Low Voltage Disconnect Switch Market, By Voltage Range
9 Low Voltage Disconnect Switch Market, By Region
10 Competitive Landscape
11 Company Profiles
For more information visit http://www.researchandmarkets.com/research/wqtnnn/low_voltage
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Sector: Electrical Switches