Load Break Switch Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Type (Gas–Insulated Load Break Switch, Air-Insulated Load Break Switch, Vacuum Load Break Switch and Oil-Immersed Load Break Switch), By Voltage (Below 11 kV, 11–33 kV and 33–60 kV), By Installation (Outdoor and Indoor), By End-User (Utilities, Commercial and Industrial) and By Region

Global load break switch market is projected to register growth at a formidable rate during the forecast period, 2023-2027. A load break switch refers to a disconnect switch that make or break the electrical connection. The factor propelling the growth of the market are rapidly expanding power generation sector and refurbishment of aging power infrastructure. Besides, growing investments in power distribution sector and refurbishment of aging electrical infrastructure as well as enhanced focus of government on renewable-based power generation are expected to fuel the market growth. Additionally, digital transformation of utilities to improve the efficiency of power generation, transmission, and distribution of electricity coupled with growing demand for compact load break switches for low and medium voltage applications is expected to fuel the market growth. Moreover, high investments by governments and private utility companies for the electrification developments across the region have spurred the demand for load break switch market.

The global load break switch market is segmented on the basis of type, voltage, installation, end-user, and region. Based on voltage, the market is segmented into below 11 kV, 11–33 kV and 33–60 kV. The 11–33 kV segment is expected to be the fastest growing segment from 2023 to 2027 as it is the ideal voltage range for load break switches. Based on installation, the market is segmented into outdoor and indoor. In 2021, the outdoor segment accounted for the largest market size since these come with flexible installation and mounting configurations. During the forecast period, Asia-Pacific region is expected to hold the largest market share due to increasing focus on the power distribution sector in emerging countries like India, China etc.

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Some of the leading players in the global load break switch market are Schneider, ABB, Benchmarking, Rockwell, Lucy Electric, Ensto, Siemens, Socomec, Powell, LSIS, etc.