Load Break Switches Market Size, Share, Trends & Forecast to 2027

Global Load Break Switches Market Size, Share, Trends, Industry Growth by Type (Gas-Insulated, Air-Insulated, Others), by Voltage (<11 kV, 11-33 kV, 33-60 kV), by Deployment (Outdoor, Indoor), by End-User, and Forecast to 2027

Report ID: RC127771 | Report Format: PDF + Excel | Starting Price: 2520/- USD | Last Updated: June 22nd, 2023

The global load break switches market size is expected to grow at a significant CAGR of over 5% during the forecast period 2021 to 2027. The increasing investment in power generation and the renovation of the aging power infrastructure are some major factors to drive the market growth. Furthermore, the growing power distribution infrastructure and the rising shift towards renewable energy sources for power generation are anticipated to boost the market over the forecast period. Moreover, the rapid growth in power consumption and the digitalization of utilities across the globe are expected to fuel market growth in next upcoming years.

Market Drivers:

Increasing Demand for Reliable Power Distribution: With the growing need for reliable power distribution, utilities and industries require effective load management solutions. Load break switches play a critical role in isolating and disconnecting electrical circuits, allowing for safe maintenance, repairs, and load transfer. The need for reliable power distribution systems drives the demand for load break switches.

Growing Investments in Electrical Infrastructure: Investments in electrical infrastructure, including transmission and distribution networks, are on the rise globally. The expansion and upgrading of power grids require robust switching devices to ensure the safe and efficient operation of electrical systems. Load break switches provide a vital component in electrical infrastructure projects, leading to increased demand for these devices.

Rapid Urbanization and Industrialization: Urbanization and industrialization are driving the demand for electrical power in residential, commercial, and industrial sectors. Load break switches are essential components in electrical systems, allowing for the safe control and isolation of electrical circuits. As urban areas grow and industrial activities expand, the demand for load break switches increases.

Integration of Renewable Energy Sources: The integration of renewable energy sources, such as solar and wind power, into the grid, requires efficient and reliable switching solutions. Load break switches enable the safe connection and disconnection of renewable energy sources, facilitating grid stability and power flow management. As the adoption of renewable energy grows, the demand for load break switches to support their integration also increases.

Focus on Grid Modernization and Smart Grids: Grid modernization initiatives, including the implementation of smart grids, aim to enhance the efficiency, reliability, and sustainability of power systems. Load break switches play a crucial role in smart grid networks by enabling remote control, monitoring, and automation of power distribution. The focus on grid modernization and smart grid deployments drives the demand for load break switches with advanced functionalities.

Safety and Protection Requirements: Safety and protection of electrical systems, personnel, and equipment are paramount in power distribution. Load break switches provide a means to isolate circuits and protect against short circuits, overloads, and faults. Compliance with safety standards and regulations drives the adoption of load break switches to ensure the safe operation of electrical systems.

Increasing Energy Efficiency Initiatives: Energy efficiency initiatives promote the reduction of energy losses and optimize power consumption. Load break switches contribute to energy efficiency by enabling load shedding, load balancing, and the disconnection of non-essential loads during peak demand periods. The focus on energy efficiency drives the demand for load break switches as part of energy management strategies.

Technological Advancements: Ongoing technological advancements in load break switch designs and functionalities contribute to market growth. Manufacturers are developing innovative load break switches with improved performance, higher voltage ratings, enhanced insulation capabilities, and advanced monitoring and control features. These technological advancements drive the adoption of newer, more efficient load break switch solutions.

Market Snapshot:

Benchmark Year		2022
Market Size
Market Growth (CAGR)		> 5% (2023-2030)
Largest Market Share
Analysis Period		2020-2030
Market Players		ABB Ltd., Schneider Electric SE, SOCOMEC, Fuji Electric, and Rockwell Automation, Inc.

Market Insights:

The global load break switches market is bifurcated into type, voltage, deployment, end-user, and geography. On the basis of type, the market is further segmented into gas-insulated, air-insulated, and others. The gas-insulated segment dominated the global market in 2020 and estimated to hold the largest revenue share of around half of the market by the end of the analysis period. The segment is also anticipated to grow at the highest CAGR during the forecast period. The segment growth is attributed to its long life cycle, easy installation, and high electric endurance.

On the basis of end-user, the market is segmented into utilities, commercial, and industrial. The utility segment dominated the global load break switches market in 2020 and accounted to hold the largest revenue share of around half of the market. The increasing investment in the renovation of existing electrical infrastructure is one of the major factor to drive the segment growth. Furthermore, the rapid growth in digitalization of utilities and the surge in power consumption are expected to fuel the segment growth over the forecast period.

Load Break Switches Market Growth

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The load break switches comprehensive study offers an in-depth analysis of industry trends, market size, competitive analysis, and market forecast – 2021 to 2027. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The load break switches market research report presents the analysis of each segment from 2018 to 2027 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.

Historical & Forecast Period

2018-19 – Historical Year
2020 – Base Year
2021-2027 – Forecast Period

Market Segmentation:

By Type:

Gas-Insulated
Air-Insulated
Others

By Voltage:

Below 11 kV
11-33 kV
33-60 kV

By Deployment:

Outdoor
Indoor

By End-User:

Utilities
Commercial
Industrial

By Region:

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

Geographic Coverage

Geographically, the load break switches market report comprises dedicated sections centering on the regional market revenue and trends. The load break switches market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, and Rest of the World (RoW). The RoW segment consists of Latin America and the Middle East & Africa. The load break switches market has been extensively analyzed on the basis of various regional factors such as demographics, gross domestic product (GDP), inflation rate, acceptance, and others. Load break switches market estimates have also been provided for the historical years 2018 & 2019 along with forecasts for the period from 2021 – 2027.

Competitive Assessment

Some of the leading market players operating in the global load break switches market are ABB Ltd., Schneider Electric SE, SOCOMEC, Fuji Electric, and Rockwell Automation, Inc. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Key Companies:

ABB Ltd.
Schneider Electric SE
SOCOMEC
Fuji Electric
Rockwell Automation, Inc.
Lucy Electric UK Ltd.
ENSTO Oy
KATKO Oy
Safvolt Switchgears Private Limited
LARSEN & TOUBRO LIMITED

Key Questions Answered by Load Break Switches Market Report

Global load break switches market forecasts from 2021-2027
Regional load break switches market forecasts from 2021-2027 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
Country-level forecasts from 2021-2027 covering 15 major countries from the aforementioned regions
Load break switches submarket forecasts from 2021-2027 covering the market by type, by voltage, by deployment, by end-user, and geography
Various industry models such as SWOT analysis, Value Chain Analysis pertaining to load break switches market
Analysis of the key factors driving and restraining the growth of the global, regional and country-level load break switches markets from 2021-2027
Competitive Landscape and market positioning of top 10 players operating in the load break switches market

Table of Content:

1. Preface

1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

2. Executive Summary

2.1. Global Load Break Switches Market Portraiture
2.2. Global Load Break Switches Market, by Type, 2020 (USD Mn)
2.3. Global Load Break Switches Market, by Voltage, 2020 (USD Mn)
2.4. Global Load Break Switches Market, by Deployment, 2020 (USD Mn)
2.5. Global Load Break Switches Market, by End-User, 2020 (USD Mn)
2.6. Global Load Break Switches Market, by Geography, 2020 (USD Mn)

3. Global Load Break Switches Market Analysis

3.1. Load Break Switches Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. Porter’s Five Force Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of New Entrants
3.6.4. Threat of Substitutes
3.6.5. Degree of Competition
3.7. COVID-19 Impact Analysis

4. Global Load Break Switches Market By Type, 2018 – 2027 (USD Mn)

4.1. Overview
4.2. Gas-Insulated
4.3. Air-Insulated
4.4. Others

5. Global Load Break Switches Market By Voltage, 2018 – 2027 (USD Mn)

5.1. Overview
5.2. Below 11 kV
5.3. 11-33 kV
5.4. 33-60 kV

6. Global Load Break Switches Market By Deployment, 2018 – 2027 (USD Mn)

6.1. Overview
6.2. Outdoor
6.3. Indoor

7. Global Load Break Switches Market By End-User, 2018 – 2027 (USD Mn)

7.1. Overview
7.2. Utilities
7.3. Commercial
7.4. Industrial

8. North America Load Break Switches Market Analysis and Forecast, 2018 – 2027 (USD Mn)

8.1.1. Overview
8.1.2. North America Load Break Switches Market by Type (2018-2027 USD Mn)
8.1.3. North America Load Break Switches Market by Voltage (2018-2027 USD Mn)
8.1.4. North America Load Break Switches Market by Deployment (2018-2027 USD Mn)
8.1.5. North America Load Break Switches Market by End-User (2018-2027 USD Mn)
8.1.6. North America Load Break Switches Market by Country (2018-2027 USD Mn)
8.1.6.1. U.S.
8.1.6.1.1. U.S. Load Break Switches Market by Type (2018-2027 USD Mn)
8.1.6.1.2. U.S. Load Break Switches Market by Voltage (2018-2027 USD Mn)
8.1.6.1.3. U.S. Load Break Switches Market by Deployment (2018-2027 USD Mn)
8.1.6.1.4. U.S. Load Break Switches Market by End-User (2018-2027 USD Mn)
8.1.6.2. Canada
8.1.6.2.1. Canada Load Break Switches Market by Type (2018-2027 USD Mn)
8.1.6.2.2. Canada Load Break Switches Market by Voltage (2018-2027 USD Mn)
8.1.6.2.3. Canada Load Break Switches Market by Deployment (2018-2027 USD Mn)
8.1.6.2.4. Canada Load Break Switches Market by End-User (2018-2027 USD Mn)

9. Europe Load Break Switches Market Analysis and Forecast, 2018 – 2027 (USD Mn)

9.1.1. Overview
9.1.2. Europe Load Break Switches Market by Type (2018-2027 USD Mn)
9.1.3. Europe Load Break Switches Market by Voltage (2018-2027 USD Mn)
9.1.4. Europe Load Break Switches Market by Deployment (2018-2027 USD Mn)
9.1.5. Europe Load Break Switches Market by End-User (2018-2027 USD Mn)
9.1.6. Europe Load Break Switches Market by Country (2018-2027 USD Mn)
9.1.6.1. Germany
9.1.6.1.1. Germany Load Break Switches Market by Type (2018-2027 USD Mn)
9.1.6.1.2. Germany Load Break Switches Market by Voltage (2018-2027 USD Mn)
9.1.6.1.3. Germany Load Break Switches Market by Deployment (2018-2027 USD Mn)
9.1.6.1.4. Germany Load Break Switches Market by End-User (2018-2027 USD Mn)
9.1.6.2. U.K.
9.1.6.2.1. U.K. Load Break Switches Market by Type (2018-2027 USD Mn)
9.1.6.2.2. U.K. Load Break Switches Market by Voltage (2018-2027 USD Mn)
9.1.6.2.3. U.K. Load Break Switches Market by Deployment (2018-2027 USD Mn)
9.1.6.2.4. U.K. Load Break Switches Market by End-User (2018-2027 USD Mn)
9.1.6.3. France
9.1.6.3.1. France Load Break Switches Market by Type (2018-2027 USD Mn)
9.1.6.3.2. France Load Break Switches Market by Voltage (2018-2027 USD Mn)
9.1.6.3.3. France Load Break Switches Market by Deployment (2018-2027 USD Mn)
9.1.6.3.4. France Load Break Switches Market by End-User (2018-2027 USD Mn)
9.1.6.4. Italy
9.1.6.4.1. Italy Load Break Switches Market by Type (2018-2027 USD Mn)
9.1.6.4.2. Italy Load Break Switches Market by Voltage (2018-2027 USD Mn)
9.1.6.4.3. Italy Load Break Switches Market by Deployment (2018-2027 USD Mn)
9.1.6.4.4. Italy Load Break Switches Market by End-User (2018-2027 USD Mn)
9.1.6.5. Rest of Europe
9.1.6.5.1. Rest of Europe Load Break Switches Market by Type (2018-2027 USD Mn)
9.1.6.5.2. Rest of Europe Load Break Switches Market by Voltage (2018-2027 USD Mn)
9.1.6.5.3. Rest of Europe Load Break Switches Market by Deployment (2018-2027 USD Mn)
9.1.6.5.4. Rest of Europe Load Break Switches Market by End-User (2018-2027 USD Mn)

10. Asia Pacific Load Break Switches Market Analysis and Forecast, 2018 – 2027 (USD Mn)

10.1.1. Overview
10.1.2. Asia Pacific Load Break Switches Market by Type (2018-2027 USD Mn)
10.1.3. Asia Pacific Load Break Switches Market by Voltage (2018-2027 USD Mn)
10.1.4. Asia Pacific Load Break Switches Market by Deployment (2018-2027 USD Mn)
10.1.5. Asia Pacific Load Break Switches Market by End-User (2018-2027 USD Mn)
10.1.6. Asia Pacific Load Break Switches Market by Country (2018-2027 USD Mn)
10.1.6.1. China
10.1.6.1.1. China Load Break Switches Market by Type (2018-2027 USD Mn)
10.1.6.1.2. China Load Break Switches Market by Voltage (2018-2027 USD Mn)
10.1.6.1.3. China Load Break Switches Market by Deployment (2018-2027 USD Mn)
10.1.6.1.4. China Load Break Switches Market by End-User (2018-2027 USD Mn)
10.1.6.2. Japan
10.1.6.2.1. Japan Load Break Switches Market by Type (2018-2027 USD Mn)
10.1.6.2.2. Japan Load Break Switches Market by Voltage (2018-2027 USD Mn)
10.1.6.2.3. Japan Load Break Switches Market by Deployment (2018-2027 USD Mn)
10.1.6.2.4. Japan Load Break Switches Market by End-User (2018-2027 USD Mn)
10.1.6.3. Rest of Asia Pacific
10.1.6.3.1. Rest of Asia Pacific Load Break Switches Market by Type (2018-2027 USD Mn)
10.1.6.3.2. Rest of Asia Pacific Load Break Switches Market by Voltage (2018-2027 USD Mn)
10.1.6.3.3. Rest of Asia Pacific Load Break Switches Market by Deployment (2018-2027 USD Mn)
10.1.6.3.4. Rest of Asia Pacific Load Break Switches Market by End-User (2018-2027 USD Mn)

11. Latin America (LATAM) Load Break Switches Market Analysis and Forecast, 2018 – 2027 (USD Mn)

11.1.1. Overview
11.1.2. Latin America Load Break Switches Market by Type (2018-2027 USD Mn)
11.1.3. Latin America Load Break Switches Market by Voltage (2018-2027 USD Mn)
11.1.4. Latin America Load Break Switches Market by Deployment (2018-2027 USD Mn)
11.1.5. Latin America Load Break Switches Market by End-User (2018-2027 USD Mn)
11.1.6. Latin America Load Break Switches Market by Country (2018-2027 USD Mn)
11.1.6.1. Brazil
11.1.6.1.1. Brazil Load Break Switches Market by Type (2018-2027 USD Mn)
11.1.6.1.2. Brazil Load Break Switches Market by Voltage (2018-2027 USD Mn)
11.1.6.1.3. Brazil Load Break Switches Market by Deployment (2018-2027 USD Mn)
11.1.6.1.4. Brazil Load Break Switches Market by End-User (2018-2027 USD Mn)
11.1.6.2. Mexico
11.1.6.2.1. Mexico Load Break Switches Market by Type (2018-2027 USD Mn)
11.1.6.2.2. Mexico Load Break Switches Market by Voltage (2018-2027 USD Mn)
11.1.6.2.3. Mexico Load Break Switches Market by Deployment (2018-2027 USD Mn)
11.1.6.2.4. Mexico Load Break Switches Market by End-User (2018-2027 USD Mn)
11.1.6.3. Rest of Latin America
11.1.6.3.1. Rest of Latin America Load Break Switches Market by Type (2018-2027 USD Mn)
11.1.6.3.2. Rest of Latin America Load Break Switches Market by Voltage (2018-2027 USD Mn)
11.1.6.3.3. Rest of Latin America Load Break Switches Market by Deployment (2018-2027 USD Mn)
11.1.6.3.4. Rest of Latin America Load Break Switches Market by End-User (2018-2027 USD Mn)

12. Middle East and Africa Load Break Switches Market Analysis and Forecast, 2018 – 2027 (USD Mn)

12.1.1. Overview
12.1.2. MEA Load Break Switches Market by Type (2018-2027 USD Mn)
12.1.3. MEA Load Break Switches Market by Voltage (2018-2027 USD Mn)
12.1.4. MEA Load Break Switches Market by Deployment (2018-2027 USD Mn)
12.1.5. MEA Load Break Switches Market by End-User (2018-2027 USD Mn)
12.1.6. Middle East and Africa Load Break Switches Market, by Country (2018-2027 USD Mn)
12.1.6.1. GCC
12.1.6.1.1. GCC Load Break Switches Market by Type (2018-2027 USD Mn)
12.1.6.1.2. GCC Load Break Switches Market by Voltage (2018-2027 USD Mn)
12.1.6.1.3. GCC Load Break Switches Market by Deployment (2018-2027 USD Mn)
12.1.6.1.4. GCC Load Break Switches Market by End-User (2018-2027 USD Mn)
12.1.6.2. South Africa
12.1.6.2.1. South Africa Load Break Switches Market by Type (2018-2027 USD Mn)
12.1.6.2.2. South Africa Load Break Switches Market by Voltage (2018-2027 USD Mn)
12.1.6.2.3. South Africa Load Break Switches Market by Deployment (2018-2027 USD Mn)
12.1.6.2.4. South Africa Load Break Switches Market by End-User (2018-2027 USD Mn)
12.1.6.3. Rest of MEA
12.1.6.3.1. Rest of MEA Load Break Switches Market by Type (2018-2027 USD Mn)
12.1.6.3.2. Rest of MEA Load Break Switches Market by Voltage (2018-2027 USD Mn)
12.1.6.3.3. Rest of MEA Load Break Switches Market by Deployment (2018-2027 USD Mn)
12.1.6.3.4. Rest of MEA Load Break Switches Market by End-User (2018-2027 USD Mn)

13. Company Profiles

13.1. ABB Ltd.
13.1.1. Business Description
13.1.2. Financial Health and Budget Allocation
13.1.3. Product Positions/Portfolio
13.1.4. Recent Development
13.1.5. SWOT Analysis
13.2. Schneider Electric SE
13.2.1. Business Description
13.2.2. Financial Health and Budget Allocation
13.2.3. Product Positions/Portfolio
13.2.4. Recent Development
13.2.5. SWOT Analysis
13.3. SOCOMEC
13.3.1. Business Description
13.3.2. Financial Health and Budget Allocation
13.3.3. Product Positions/Portfolio
13.3.4. Recent Development
13.3.5. SWOT Analysis
13.4. Fuji Electric
13.4.1. Business Description
13.4.2. Financial Health and Budget Allocation
13.4.3. Product Positions/Portfolio
13.4.4. Recent Development
13.4.5. SWOT Analysis
13.5. Rockwell Automation, Inc.
13.5.1. Business Description
13.5.2. Financial Health and Budget Allocation
13.5.3. Product Positions/Portfolio
13.5.4. Recent Development
13.5.5. SWOT Analysis
13.6. Lucy Electric UK Ltd.
13.6.1. Business Description
13.6.2. Financial Health and Budget Allocation
13.6.3. Product Positions/Portfolio
13.6.4. Recent Development
13.6.5. SWOT Analysis
13.7. ENSTO Oy
13.7.1. Business Description
13.7.2. Financial Health and Budget Allocation
13.7.3. Product Positions/Portfolio
13.7.4. Recent Development
13.7.5. SWOT Analysis
13.8. KATKO Oy
13.8.1. Business Description
13.8.2. Financial Health and Budget Allocation
13.8.3. Product Positions/Portfolio
13.8.4. Recent Development
13.8.5. SWOT Analysis
13.9. Safvolt Switchgears Private Limited
13.9.1. Business Description
13.9.2. Financial Health and Budget Allocation
13.9.3. Product Positions/Portfolio
13.9.4. Recent Development
13.9.5. SWOT Analysis
13.10. LARSEN & TOUBRO LIMITED
13.10.1. Business Description
13.10.2. Financial Health and Budget Allocation
13.10.3. Product Positions/Portfolio
13.10.4. Recent Development
13.10.5. SWOT Analysis

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