Market Overview:
The global solar array disconnect switches market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for renewable energy sources, especially solar energy. Solar array disconnect switches are used in residential, commercial, industrial and utility applications. They are used to safely isolate a photovoltaic (PV) system from the grid or other electrical systems. AC disconnect switches are mainly used in North America and Europe, while DC disconnect switches are mainly used in Asia Pacific and Latin America.
Product Definition:
A solar array disconnect switch is a switch that allows an operator to quickly and easily disconnect a photovoltaic (PV) system from the electrical grid. This is an important safety feature, as it allows technicians or firefighters to safely work on or around the PV system without fear of electric shock. Additionally, a solar array disconnect switch can help protect the PV system from damage in the event of a power outage or fire.
AC Disconnect Switch:
An AC disconnect switch is a safety device used to cut the electricity supply to an entire solar array, in case of any problem such as open circuit or short circuit. The main function of this switch is to protect the entire system from damage and failure by cutting off power flow when there’s an abnormal situation.
The global market for AC disconnect switches is expected to witness significant growth over the forecast period owing to its increasing usage in large-scale solar energy generation projects.
DC Disconnect Switch:
DC disconnect switch is a safety device used to cut the power supply from the solar array when there is an issue with any of the systems. The system includes main DC disconnect switch, normally open and normally closed back up switches, and fuses. These devices are installed at several places in a solar array such as at battery bank connection point or between two groups of batteries to protect them from damage due to short circuits or overloads.
Application Insights:
The utility segment dominated the global solar array disconnect switches market in terms of revenue share, accounting for over 35% of the total market in 2017. The growth can be attributed to growing demand for renewable energy across various countries and regions. For instance, according to a blog by Mercom Capital Group, Inc., ¢â‚¬Å“Solar installations have been increasing exponentially across India since 2015 due to supportive government policies and subsidies that have driven down the cost of electricity generated from solar power systems.
The residential sector is expected register significant growth over the forecast period owing to rising awareness about clean energy among consumers globally. Furthermore, feed-in tariff schemes implemented by different governments worldwide are further driving consumer interest towards installing photovoltaic systems on their roofs which is subsequently triggering demand for GASDMs at homes or commercial buildings sites.
Regional Analysis:
Asia Pacific regional solar array disconnect switches market is expected to grow at the highest CAGR of XX% over the forecast period. The growth can be attributed to increasing investments in renewable energy infrastructure and growing adoption of solar power generation systems across commercial, industrial, and residential sectors in countries such as China, Japan, South Korea, Indonesia among others. In addition, favorable government policies promoting clean energy sources are anticipated to drive demand for these switches over the next eight years.
Growth Factors:
- Increasing demand for solar energy: The global demand for solar energy is increasing rapidly due to the growing concerns about climate change and the need to reduce dependence on fossil fuels. This is driving the growth of the solar array disconnect switches market.
- Declining prices of solar panels: The prices of solar panels are declining rapidly, making them more affordable for consumers and businesses. This is boosting demand for solar energy, which in turn is driving growth in the market for Solar Array Disconnect Switches.
- Government incentives and subsidies: Governments around the world are providing incentives and subsidies to promote adoption of renewable energy sources such as solar power. This is helping to drive growth in the Solar Array Disconnect Switches market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Solar Array Disconnect Switches Market Research Report
By Type
AC Disconnect Switch, DC Disconnect Switch
By Application
Residential, Commercial, Industrial, Utility
By Companies
ABB, Eaton, Schneider Electric, Socomec, MERSEN, Siemens, Suntree Electric, Santon Holland, ABB
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
228
Number of Tables & Figures
160
Customization Available
Yes, the report can be customized as per your need.
Global Solar Array Disconnect Switches Market Report Segments:
The global Solar Array Disconnect Switches market is segmented on the basis of:
Types
AC Disconnect Switch, DC Disconnect Switch
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
Residential, Commercial, Industrial, Utility
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:
- ABB
- Eaton
- Schneider Electric
- Socomec
- MERSEN
- Siemens
- Suntree Electric
- Santon Holland
- ABB
Highlights of The Solar Array Disconnect Switches 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:
- AC Disconnect Switch
- DC Disconnect Switch
- By Application:
- Residential
- Commercial
- Industrial
- Utility
- 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 Solar Array Disconnect Switches 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Solar Array Disconnect Switches are used to disconnect the solar array from the power grid in order to prevent damage.
Some of the key players operating in the solar array disconnect switches market are ABB, Eaton, Schneider Electric, Socomec, MERSEN, Siemens, Suntree Electric, Santon Holland, ABB.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Solar Array Disconnect Switches 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 Solar Array Disconnect Switches Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Solar Array Disconnect Switches 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 Solar Array Disconnect Switches 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 Solar Array Disconnect Switches Market Size & Forecast, 2020-2028
4.5.1 Solar Array Disconnect Switches Market Size and Y-o-Y Growth
4.5.2 Solar Array Disconnect Switches 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 AC Disconnect Switch
5.2.2 DC Disconnect Switch
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 Residential
6.2.2 Commercial
6.2.3 Industrial
6.2.4 Utility
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Solar Array Disconnect Switches 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 Solar Array Disconnect Switches 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 AC Disconnect Switch
9.6.2 DC Disconnect Switch
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 Residential
9.10.2 Commercial
9.10.3 Industrial
9.10.4 Utility
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 AC Disconnect Switch
10.6.2 DC Disconnect Switch
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 Residential
10.10.2 Commercial
10.10.3 Industrial
10.10.4 Utility
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 AC Disconnect Switch
11.6.2 DC Disconnect Switch
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 Residential
11.10.2 Commercial
11.10.3 Industrial
11.10.4 Utility
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 AC Disconnect Switch
12.6.2 DC Disconnect Switch
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 Residential
12.10.2 Commercial
12.10.3 Industrial
12.10.4 Utility
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 AC Disconnect Switch
13.6.2 DC Disconnect Switch
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 Residential
13.10.2 Commercial
13.10.3 Industrial
13.10.4 Utility
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 Solar Array Disconnect Switches Market: Competitive Dashboard
14.2 Global Solar Array Disconnect Switches Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Eaton
14.3.3 Schneider Electric
14.3.4 Socomec
14.3.5 MERSEN
14.3.6 Siemens
14.3.7 Suntree Electric
14.3.8 Santon Holland
14.3.9 ABB
