According to a market report by Lucintel, the future of the global load break switch market looks promising with opportunities in the utility, industrial, and commercial markets. The global load break switch market is expected to reach an estimated $4.7 billion by 2030 with a CAGR of 6.4% from 2024 to 2030. The major drivers for this market are growth in electrical infrastructure, increasing global demand for electricity, and rising refurbishment activities among aging electrical infrastructure.

A more than 150 – page report is developed to understand trends, opportunity and forecast in load break switch market to 2030 by type (gas-insulated, vacuum, air-insulated, and oil-immersed), installation (outdoor and indoor), voltage (below 11 kv, 11–33 kv, and 33–60 kv), application (utilities, industrial, commercial, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

In this market, gas-insulated, vacuum, air-insulated, and oil-immersed are the major segments of load break switch market by type. Lucintel forecasts that gas-insulated is expected to witness highest growth over the forecast period due to its numerous properties, such as long lifespan, ease of installation, and strong mechanical and electrical durability.

Within this market, utility will remain the largest segment due to growing demand for load break switch from power distribution systems as they can isolate and protect electrical equipment, such as transformers and feeders.

APAC will remain the largest region due to high population density, rapid economic growth, and growing demand for load break switches in industrial and commercial applications in the region.

ABB, Siemens, Schneider, GE, Eaton, Socomec, and Rockwell are the major suppliers in the load break switch market.

" This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]