Energy and Power Low Voltage Disconnect Switch Market | Página 2
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.
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Asia-Pacific is estimated to be the global leader in the low voltage disconnect switch
market, by value, for the next five years.
China alone accounted for a major share of the global market in 2015. Massive T&D network
expansion and industrialization projects in countries such as India and China are the main
reasons for the growth of the low voltage disconnect switch market in the region. China not only
holds the majority share but is also the fastest growing market. India is also adopting smart grid
and substation automation projects, which are further increasing the demand for low voltage
disconnect switches. Apart from China and India, countries such as South Korea and Japan are
also expected to grow at a good pace.
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