Energy and Power Low Voltage Disconnect Switch Market | Page 2

The market has been segmented into - On the basis of Application • • Industrial (Utility Infrastructure, Motor Protection, Power Distribution Boards, Photovoltaic and others) Commercial On the basis of Type • • Fused Non-Fused On the basis of Mount • • • Panel DIN Rail Others (Base Mounted and Floor Mounted) On the basis of Voltage • • • 0-240V 240-480V 480-690V On the basis of Region • • • • • North America South America Europe Asia-Pacific Middle East & Africa 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