London, 25 September 2015: Technavio, the independent tech-focused global research firm, has published a report on the global disconnect switches market 2015-2019, which is estimated to grow at a CAGR of 6.99% during 2014-2019.
Technavio’s market research analysts expect that the management and refurbishment of aging transmission and distribution infrastructure should boost the commercial prospects of the high-voltage disconnect switches market. We expect this segment to grow at the highest rate, relative to low and medium-voltage disconnect switches.
“The global disconnect switches market is highly competitive and manufacturers have to focus on product development and technology innovation,” says Faisal Ghaus, Vice President of Technavio.
“Vendors have introduced enclosures to house disconnect switches and circuit breakers. Manufacturers can also charge premium prices for their products by catering to the needs of different customer groups.”
Key Market Drivers
- Expansion of transmission and distribution network
- Growing data center construction market
- Demand for disconnect switches in automotive industry
Key Market Trends
- Demand from renewable energy markets
- Demand for product enhancement
- Disconnect switches for smart grids
Key Market Vendors
- ABB
- Eaton
- GE
- Rockwell Automation
- Schneider Electric
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
