Market Overview:
The global double throw safety switch market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for safety switches in commercial and industrial applications. Additionally, the growing awareness about safety among end users is also propelling the growth of this market. The global double throw safety switch market can be segmented on the basis of type into non-fusible disconnect and fusible disconnect. Non-fusible disconnects are expected to dominate the market during the forecast period owing to their low cost and easy installation. Fusible disconnects are used where higher levels of protection are required as they provide an automatic trip when an overload or short circuit occurs in an electrical system.
Product Definition:
A double-throw safety switch is a switch that can be used to control the flow of electricity in two different ways, either as two separate switches or as a single switch. This type of switch is often used in industrial applications where there is a risk of injury if someone were to come into contact with live wires. The double-throw safety switch allows workers to safely turn off power to dangerous areas.
Non-fusible Disconnect:
Non-fusible disconnect is a device used to interrupt the electric supply in case of overheating or fault in electrical components. It is mainly used for protection and safety purposes. The product finds its application across various industries including power, oil & gas, chemical processing, petrochemical and manufacturing among others.
The global non-fusible disconnect market size was valued at USD 1.6 billion in 2016.
Fusible Disconnect:
A fusible disconnect is a protective device that prevents electric circuits from becoming energized when the circuit breakers or switches are closed. It consists of an insulating layer between two conductors and is used to protect equipment, which may be damaged by high voltage electricity. The fusible disconnects are installed in electrical panels to protect the electrical wiring from damage due to a short circuit or overload condition.
Application Insights:
The other application segment includes commercial, industrial and healthcare. In 2017, the commercial application dominated the global double throw safety switch market with a share of over 80%. The growth can be attributed to increasing demand for DTSS from various industries including oil & gas, chemical, power generation and transportation.
Frequent power outages in several regions have boosted demand for energy efficient DTSSs that consume low electricity. Growing awareness about employee safety is also expected to fuel industry expansion over the forecast period. For instance; in June 2018; ABB launched its new product range designed specifically for harsh environments such as oil & gas and chemical plants where there is a high risk of electric shock due to contactors or transformers failure causing electrical leakage currents which may cause severe burns if proper protection equipment is not used.
Regional Analysis:
Asia Pacific dominated the global double throw safety switch market in 2017. The region is expected to maintain its dominance over the forecast period. This can be attributed to increasing industrialization and growing adoption of double throw switches in countries such as China, India, Japan, South Korea and Taiwan. Increasing demand for automation across various industries is also anticipated to drive the regional market growth over the forecast period.
The North America market was valued at USD X million in 2017 owing to high demand from residential applications due mainly to rising emphasis on home security systems across U.S., Canada and Mexico among other countries worldwide especially after 9/11 attacks on 11th September 2001 which led into establishment of new standards by Underwriters Laboratories (UL) for safety devices including circuit breakers & fuses etc installed within a building or structure along with Federal Aviation Administration (FAA). In addition, growing number of smart homes particularly throughout U.S.
Growth Factors:
- Increasing demand from the end-use industries
- Growing awareness about safety and security among consumers
- Rising investments by key players in research and development activities
- Proliferation of advanced technologies for double throw safety switches
- Expansion of global manufacturing base
Scope Of The Report
Report Attributes
Report Details
Report Title
Double Throw Safety Switch Market Research Report
By Type
Non-fusible Disconnect, Fusible Disconnect
By Application
Commercial, Industrial, Healthcare, Other
By Companies
Eaton, Schneider, ABB, Siemens, GE
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
201
Number of Tables & Figures
141
Customization Available
Yes, the report can be customized as per your need.
Global Double Throw Safety Switch Market Report Segments:
The global Double Throw Safety Switch market is segmented on the basis of:
Types
Non-fusible Disconnect, Fusible Disconnect
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial, Industrial, Healthcare, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Eaton
- Schneider
- ABB
- Siemens
- GE
Highlights of The Double Throw Safety Switch Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Non-fusible Disconnect
- Fusible Disconnect
- By Application:
- Commercial
- Industrial
- Healthcare
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Double Throw Safety Switch Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A Double Throw Safety Switch is a safety device that prevents the machine from starting up if it is not in the correct position.
Some of the key players operating in the double throw safety switch market are Eaton, Schneider, ABB, Siemens, GE.
The double throw safety switch market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Double Throw Safety Switch Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Double Throw Safety Switch Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Double Throw Safety Switch Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Double Throw Safety Switch Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Double Throw Safety Switch Market Size & Forecast, 2020-2028
4.5.1 Double Throw Safety Switch Market Size and Y-o-Y Growth
4.5.2 Double Throw Safety Switch Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Non-fusible Disconnect
5.2.2 Fusible Disconnect
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Commercial
6.2.2 Industrial
6.2.3 Healthcare
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Double Throw Safety Switch Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Double Throw Safety Switch Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Non-fusible Disconnect
9.6.2 Fusible Disconnect
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Commercial
9.10.2 Industrial
9.10.3 Healthcare
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Non-fusible Disconnect
10.6.2 Fusible Disconnect
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Commercial
10.10.2 Industrial
10.10.3 Healthcare
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Non-fusible Disconnect
11.6.2 Fusible Disconnect
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Commercial
11.10.2 Industrial
11.10.3 Healthcare
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Non-fusible Disconnect
12.6.2 Fusible Disconnect
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Commercial
12.10.2 Industrial
12.10.3 Healthcare
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Non-fusible Disconnect
13.6.2 Fusible Disconnect
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Commercial
13.10.2 Industrial
13.10.3 Healthcare
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Double Throw Safety Switch Market: Competitive Dashboard
14.2 Global Double Throw Safety Switch Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Eaton
14.3.2 Schneider
14.3.3 ABB
14.3.4 Siemens
14.3.5 GE
