Low Voltage Disconnect Switch Market worth 3.51 Billion USD by 2021
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 global low voltage disconnect switch market is segmented based on type into fused and non-fused switches. The market has been segmented on the basis of mounting techniques into panel mounted, DIN rail mounted, and others, where others include base mounted and floor mounted. The market is further segmented by voltage into 0-240V, 240-480V, and 480-690V. The major applications covered in this report are industrial and commercial applications. Industrial applications are further sub-segmented into utility infrastructure, motor protection, photovoltaic (PV), distribution boards, and others, where others include infrastructure and transportation. Regions considered are North America, South America, Europe, the Asia-Pacific, and Middle East & Africa.
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