Worldwide Disconnect Switch Market by Size, Share, Revenue ? 2023Posted by Niks Deshmukh on September 7th, 2018 Ozone Market Reports projects that the Disconnect Switch market size will grow from USD 10.54 Billion in 2017 to USD 15.79 Billion by 2023, at an estimated CAGR of 6.96%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023. The increasing transmission and distribution network expenditure, growing infrastructural and industrial developmental activities, and rising safety concerns are some of the key drivers of this market.The demand for electricity is increasing in the developed nations in North America and Europe, as well as in fast-growing economies in Asia-Pacific. Thus, there has also been a consequent rise in the generation, transmission, and distribution of electricity to meet this increased demand. This in turn gives rise to the growth of the markets for the associated components, such as switchgear, circuit breaker, disconnector switch, and so on. The market for disconnect switch is expected to witness significant growth, especially in developing countries, where the transmission and distribution industry is in the growth stage. Disconnector switches are also used in transmission lines, substations, urban transportation, and heavy manufacturing.
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