Load Break Switch Market Analysis

Global Load Break Switch Market Overview:

Load Break Switch Market Size was valued at USD 3.9 Billion in 2023. The Load Break Switch Market industry is projected to grow from USD 4.10 Billion in 2024 to USD 5.9 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.65% during the forecast period (2024 - 2032). Increased use of gas-insulated segments in renewable energy power system projects, as well as increased use of outdoor segments in commercial and utility projects is the key market drivers enhancing the market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Load Break Switch Market Trends

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  Growing demand for electricity and power distribution drives market growth.

  
  

Market CAGR for load break switches is a key component of power distribution systems that allow for the safe and efficient switching of electrical circuits. The increased need for electricity and power distribution systems has been a fundamental driver of load break switch market expansion. Growing urbanization and industrialisation in emerging countries have resulted in an increase in demand for electricity, necessitating the expansion of power distribution infrastructure. Load break switches are used in power distribution systems to protect electrical equipment and employees from electrical failures while also ensuring the system's safe and efficient operation.

In addition, the growing use of renewable energy sources such as solar and wind power has fueled the expansion of the load break switch industry. These energy sources necessitate specialized power distribution systems, which frequently include load break switches to assure the system's safe and efficient operation. Furthermore, the growing emphasis on energy efficiency and the development of smart grid technologies have fueled the growth of the load break switch market. To enable safe and efficient switching of electrical circuits, these technologies necessitate modern power distribution systems with load break switches. Overall, rising demand for electricity and power distribution systems, combined with increased use of renewable energy sources and smart grid technology, bodes well.

Another factor driving the growth of the load break switch market is the growing need for small and efficient switches. Load break switches are utilized in a variety of applications, including power distribution systems, renewable energy systems, and industrial automation systems. In these applications, there is an increasing demand for compact and efficient load break switches that can give great performance and reliability in a tiny form factor. The development of new materials and technologies has enabled the manufacturing of load break switches that are more compact and efficient than classic switches. For example, the use of novel materials such as ceramics and polymers has permitted the manufacture of load break switches that are more robust and reliable than classic switches.

Moreover, data centre switches are in high demand. To ensure the uninterrupted operation of servers and other key equipment, data centres require a dependable and efficient power distribution infrastructure. Load break switches are used in data centres to isolate equipment for maintenance or repairs, as well as to prevent against short circuits and overloads.

For instance, in the United States, the data centre business has grown significantly in recent years, owing to increased demand for cloud computing and the Internet of Things (IoT). As a result, there is an increasing demand for load break switches in data centres to maintain stable and efficient power distribution.

Overall, increased demand for load break switches in data centres has been a primary driver of load break switch market growth. The demand for load break switches is likely to increase as the data centre industry expands.

Load Break Switch Market Segment Insights:

Load Break Switch Type Insights

The Load Break Switch Market segmentation, based on type includes gas-insulated, vacuum-insulated, air-insulated, oil-immersed. The load brake switch is expected to be led by the gas-insulated segment. It is also expected to increase at the fastest rate over the projection period due to characteristics such as ease of installation, long life cycle, and excellent electrical and mechanical endurance. Electric utilities account for the majority of demand for gas-insulated load break switches in Asia Pacific. This would benefit the entire gas-insulated market.

Load Break Switch Voltage Type Insights

The Load Break Switch Market segmentation, based on Voltage Type, includes Below 11 kV, 11-33 kV, and 33-60 kV. The 11 kV-33 kV category is projected to dominate the industry. It is commonly used for mounting in sheet steel enclosures. It is regarded as the best voltage range for load break switches and is used in the overhead power distribution network of end user businesses such as utilities, manufacturing and process industries, and commercial facilities. Increasing demand from developing countries such as China, India, and Japan is likely to boost manufacturing of 11 kV-33 kV load break switches.

Load Break Switch Installation Type Insights

The Load Break Switch Market is divided into Voltage Type, Outdoor, and Indoor. The outdoor segment had the biggest market share. Outdoor distribution transformers with ratings of up to 36 kV can also be used with outdoor switches. These switches are available in a variety of installation and mounting configurations, including pole top, mid-pole horizontal and mid-pole vertical. By the installation, these parameters are intended to drive the outdoor part of the load break switch.

Figure 1: Load Break Switch Market, by Voltage Type, 2024 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Load Break Switch End-Use Insights

The Load Break Switch Market is divided into three segments depending on voltage type: utilities, industrial, and commercial. Over the projected period, the utilities segment is expected to dominate the market for load break switches. Electric utilities' investments in repairing existing electrical infrastructure to avoid power outages and deterioration of the existing electrical infrastructure fuel the market for the utility segment.

Load Break Switch Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. North America is a market leader in the load break switch industry. The region has a well-established power distribution system, which has fueled the region's demand for load break switches. Furthermore, the increased adoption of renewable energy sources in North America has contributed to the region's load break switch market growth.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: Load Break Switch Market Share By Region 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe Load Break Switch Market accounts for the second-largest market share. The rising use of renewable energy sources in Europe has also helped to the expansion of the region's load break switch market. Further, the German Load Break Switch Market held the largest market share, and the UK Load Break Switch Market was the fastest growing market in the European region

The Asia-Pacific Load Break Switch Market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to the region's fast growing population and rising need for power. Moreover, China’s Load Break Switch Market held the largest market share, and the Indian Load Break Switch Market was the fastest growing market in the Asia-Pacific region.

Load Break Switch Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Load Break Switch Market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Load Break Switch industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Load Break Switch industry to benefit clients and increase the market sector. In recent years, the Load Break Switch industry has offered some of the most significant advantages to medicine. Major players in the Load Break Switch Market, including Siemens (Germany), Socomec (France), Rockwell Automation (U.S.), Fuji Electric (Japan), Powell Electric (U.S.), and Ensto (Finland) and others, are attempting to increase market demand by investing in research and development operations.

ABB Ltd. is a Swedish-Swiss enterprise headquartered in Zürich, Switzerland.[5] ASEA Brown Boveri was created in 1988 when Sweden's Allmänna Svenska Elektriska Aktiebolaget (ASEA) and Switzerland's Brown, Boveri & Cie amalgamated to form ASEA Brown Boveri, afterwards abbreviated to ABB. Both firms were founded in the late 1800s and were major makers of electrical equipment, a business in which ABB is still involved today. Since then, the company has grown into robotics and automation technology. In 2020, ABB has introduced the OT series of load break switches, which are intended for use in low-voltage power distribution networks. The switches are small and simple to install, and they have a variety of advanced safety measures.

General Electric Company (GE) is an American multinational conglomerate based in Boston that was founded in 1892 and is incorporated in the state of New York. The company is active in the following industries: aviation, power, renewable energy, digital industry, additive manufacturing, and venture capital and financing. In 2019, The Spectra RMS series of load break switches has been introduced by General Electric Company. The switches are intended for use in low-voltage power distribution systems and have a number of advanced safety features such as a padlockable handle and an integrated fuse.

Key Companies in the Load Break Switch market include

• ABB (Switzerland)


• Eaton (Ireland)


• Schneider (France)


• GE (U.S.)


• Siemens (Germany)


• Socomec (France)


• Rockwell Automation (U.S.)


• Fuji Electric (Japan)


• Powell Electric (U.S.)


• Ensto (Finland)

Load Break Switch Industry Developments

In October 2023, LyondellBasell announced that it had entered into a power purchase agreement (PPA) to secure 149 megawatts (MW) of renewable electricity capacity from Lightsource bp’s solar project in Spain.

NextEra introduced the Integrated 5 V Load Switch NPS4053 to its portfolio in August 2023. NPS4053 is NextEra’s first integrated load switch for 5V, which can control a wide range of operating voltages from 2.5V-5.5V. NextEra said that its most recent power chip occupies up to only fifteen percent of the PCB area required by competitors, having several discrete components.

In May 2023 - ABB announced that it had reached an agreement to acquire Siemens's low-voltage NEMA motor business. The business’ revenues amounted to around $63 million in 2021.

In April 2023- Eaton (An intelligent power management company) said that it has finished purchasing a forty-nine percent stake in Jiangsu Ryan Electrical Co., Ltd. (Ryan), a manufacturer of power distribution and sub-transmission transformers based out of China with approximately $100 million revenue generated in the year ended December,31st 2022.

Fuji Electric Co., Ltd. revealed in December 2022 that they have released a globally competitive switchgear saving area and reducing footprint.

Schneider Electric launched its new SureSeT MV switchgear for the North American market, featuring EvoPacT advanced circuit protection devices in May 2022. This technology upgrade replaces Masterclad for primary electrical switchgear applications, thereby providing a more compact, durable and intelligent solution for digital day-to-day operations.

ABB launched environmentally friendly switchgear solutions with groundbreaking load break switch (LBS) for load break switch applications in Dec 2020. The new ring main unit (RMU) uses a unique puffer interrupter load break switch technology, which operates on sustainable alternative gases to SF6, thus enhancing environmental friendliness.

Load Break Switch Market Segmentation:

Load Break Switch Market By Type Outlook

• Gas-Insulated


• Vacuum-Insulated


• Air-Insulated


• Oil-Immersed

Load Break Switch Market By Voltage Type Outlook

• Below 11 kV


• 11-33 kV


• 33-60 kV

Load Break Switch Market By Installation Type Outlook

• Outdoor


• Indoor

Load Break Switch Market By End-Use Outlook

• Utilities


• Industrial


• Commercial

Load Break Switch Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America