Solar Array Disconnect Switch Market Size to Grow by USD 3.16 Billion

New York, May 31, 2022 /PRNewswire/—— Solar Panel Disconnect Switch Market This will be driven by factors such as increased investment in renewable energy, an analyst at Technavio said. The global energy mix has changed significantly over the past two decades. Increased energy efficiency has played a key role in balancing energy supply and demand. The competitive cost of electricity production and the low-carbon emissions of renewable energy have led to an increase in global investment in renewable energy.various European countries such as Norway, Icelandand Sweden, which relies on renewable energy for more than half of its total annual electricity needs due to the implementation of stringent emissions standards. Growing focus on renewable energy has led to investments in the energy sector, which will propel the growth of the market.

Technavio has published its latest market research report titled

Technavio has published its latest market research report titled “Solar Array Disconnectors Market by Application and Geography – Forecast and Analysis 2022-2026”

Solar array disconnect switch market size is expected to grow $3.16 billion From 2021 to 2026. Moreover, the market’s growth momentum will accelerate at a CAGR of 16.55% during the forecast period.

Get more insights into the market dynamics of the Solar Array Disconnect Switches market. View sample report

Solar Array Disconnect Switch Market: Segment Analysis

Segment by Application:

  • On the basis of application, the market is segmented into utility and non-utility.

  • This utility sector There will be significant market share growth during the forecast period.

  • The shift towards sustainable energy and the existence of agreements such as the Paris Agreement has driven the demand for solar panel circuit breakers in recent years.

  • Growing demand for electricity owing to growing population is expected to drive the utilities sector of the global solar panel disconnect switch market over the forecast period.

By geography:

  • By geography, the market has been segmented into Asia Pacific, Europe, North America, South Americaand middle East and Africa.

  • Asia-Pacific There will be significant market share growth during the forecast period.

  • Government initiatives and financial incentive schemes such as FIT China and Japan Will drive the growth of the solar array disconnect switch market in Asia Pacific over the forecast period.

  • Moreover, the market in this region will grow faster than the market in other regions.

  • China, Vietnam, Japanand Australia It is the leading country in the solar array disconnect switch market in the Asia-Pacific region.

For more information on the contribution of each segment of the Solar Array Disconnector Market, Request a sample report now

Solar Array Disconnect Switch Market: Key Vendors

The solar panel disconnector market is concentrated and suppliers are deploying growth strategies such as mergers and acquisitions and partnerships to compete in the market. The report provides details on the capabilities, capacities and products of key suppliers including ABB Ltd., Bentek Corp., Bremas Ersce Spa, Eaton Corp. Plc, Mersen Corporate Services SAS, MidNite Solar Inc., ProJoy Electric Co. Ltd., Salzer Electronics Ltd., Santon International BV, Schneider Electric SE, Siemens AG, SOCOMEC Group and SUNTREE Electric Group Co. Ltd. etc.

For more details about the major suppliers of the Solar Array Disconnect Switch market and its products, View our sample report

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Solar Array Disconnect Switch Market Scope

Report Scope

detail

page number

120

base year

2021

forecast period

2022-2026

Growth Momentum and CAGR

Accelerating at a CAGR of 16.55%

Market Growth 2022-2026

$3.16 billion

market structure

concentrated

Year-on-year growth (%)

16.0

Regional Analysis

Asia Pacific, Europe, North America, South America, Middle East and Africa

Executive Market Contribution

Asia Pacific 56%

major consuming countries

USA, China, Vietnam, Japan and Australia

Competitive Landscape

Leading Companies, Competitive Strategies, Scope of Consumer Engagement

Introduction of key enterprises

ABB Ltd., Bentek Corp., Bremas Ersce Spa, Eaton Corp. Plc, Mersen Corporate Services SAS, MidNite Solar Inc., ProJoy Electric Co. Ltd., Salzer Electronics Ltd., Santon International BV, Schneider Electric SE, Siemens AG, SOCOMEC Group and SUNTREE Electric Group Co. Ltd.

Market dynamics

Parent Market Analysis, Market Growth Inducers and Barriers, Fast-Growing and Slow-Growing Segments Analysis, COVID 19 Impact and Recovery Analysis, and Future Consumer Dynamics, Market Situation Analysis During the Forecast Period

Custom permissions

If our reports do not contain the data you are looking for, you can contact our analysts and customize the segmentation.

Table of contents

1.executive Summary

2 Market structure

3 Market size

4 Five Forces Analysis

5 Market Segmentation by Application

6 Customer Landscape

7 Geographical Landscape

8 Drivers, challenges and trends

9 Supplier Landscape

10 Supplier Analysis

11 Appendix

About Technavio

Technavio is the world’s leading technology research and consulting company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

Technavio’s report library has more than 500 professional analysts with more than 17,000 reports and counts covering 800 technologies and spanning 50 countries. Their customer base includes businesses of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research and actionable market insights to identify opportunities in existing and potential markets and assess their competitive position in changing market scenarios.

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