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Asia Pacific Load Break Switches Market Size (2024 - 2029)

The Asia Pacific load break switches market is anticipated to experience growth driven by the increasing demand for renewable energy and investments in power distribution and generation sectors, despite challenges such as supply chain uncertainties and high costs. The market's expansion is supported by the refurbishment of aging power infrastructure and the deployment of remote grid access solutions. However, the need for technical expertise and the high costs associated with innovations may pose obstacles to market growth.

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Market Size of Asia Pacific Load Break Switches Industry

Asia Pacific Load Break Switches Market
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 5.95 %
Market Concentration Medium

Major Players

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*Disclaimer: Major Players sorted in no particular order

APAC Load Break Switches Market Analysis

The Asia Pacific load break switches market (hereafter referred to as the market studied) valued USD 922.54 million in 2020. It is expected to reach USD 1,378.26 million by 2026, registering a CAGR of 5.95% during 2021-2026 (hereafter referred to as the forecast period). In the long run, the demand for renewable energy across the Asian Pacific region accelerated by the pandemic is also expected to boost the market's growth. However, the uncertainty in the supply chain and demand brought by the short-term repercussions is expected to stall the market's growth as the pandemic affects the large projects in all end-user industries.

  • Switchgear, Switchboards, Motor Control Centers and Panelboards, Photovoltaic circuits are a few areas where a load break switch is applied. A load break switch typically switches the power "on or off" or changes the position when the transformer has a load on it, and the switch breaks it. Trends such as the growing power generation sector, refurbishment of aging power infrastructure, and increased investment in the power distribution sector are expected to drive the load break switch market in the region.
  • In December 2020, ABB launched a range of load switch switches broadly used for medium-voltage (MV) secondary switchgear, e.g., in-ring main unit (RMUs), assigned with the task of switching load currents. This SF6-freeload break switches for MV applications is available with Dry Air rated up to 12 kV and AirPlus for 24 kV. The load break switch paves the way for the environment-friendly RMUs. Such investments by major players are also leading to the growth of load breaker switches applications in the region.
  • In the event of an outage, utilities cannot afford to have personnel visiting remote sites to open load-break switches. This increasing pressure leads to the deployment of remote grid access as a major agenda. Also, remote power generation projects also contribute to the growth of the load break switch markets. China is expected to become a part of the One Sun One World One Grid (OSOWOG) to connect the power grids of China, Korea, Japan, and the Association of Southeast Asian Nations (ASEAN). The Australia-Asia power link is currently being developed to transmit renewable energy from Darwin in Australia to Singapore.
  • However, these switches are associated with higher costs due to the increasing costs of innovations, which might impact the growth of the studied market. Further, a high level of technical expertise is required for the development and maintenance of load break switches. These factors might hinder the market growth of the market.

APAC Load Break Switches Industry Segmentation

A load break switch refers to a disconnect switch whose function is to make or break the electrical connection at certain specified current levels. A load break switch is generally used for medium voltage level systems for switching and protection. The Asia Pacific Load Break Switches is segmented by End User (Utilities, Industry and Commercial) and by Type ( Gas-Insulates, Air-Insulated) and Country.

By End-User
Utilities
Industrial and Commercial
By Type
Gas-insulated
Air-insulated
Other Types
By Country
China
Japan
South Korea
South East Asia
Australia and New Zealand
Rest of Asia Pacific
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Asia Pacific Load Break Switches Market Size Summary

The Asia Pacific load break switches market is poised for significant growth, driven by the increasing demand for renewable energy and advancements in power generation and distribution infrastructure. The market is experiencing a shift towards more environmentally friendly solutions, such as ABB's introduction of SF6-free load break switches, which are designed for medium-voltage applications. These innovations are part of a broader trend towards modernization and refurbishment of aging power infrastructure across the region. The market is also benefiting from the growing electrification rates in developing countries within Asia Pacific, which is further propelling the adoption of air-insulated load break switches. However, the market faces challenges such as high costs associated with technological innovations and the need for specialized technical expertise for development and maintenance.

The market landscape is moderately consolidated, with major players like ABB, Siemens, and Schneider Electric leading the charge in developing advanced switchgear solutions. These companies are focusing on eliminating fluorine-based gases from their products, aligning with global sustainability goals. The Asia Pacific region is witnessing increased investments in renewable energy projects, such as wind farms in Vietnam, which are expected to drive demand for load break switches. Additionally, the integration of digital technologies in power distribution and the push towards smart city developments are contributing to the market's expansion. Despite these positive trends, the market's growth may be hindered by supply chain uncertainties and the high costs of innovations, which could impact the deployment of load break switches in large-scale projects.

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Asia Pacific Load Break Switches Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Impact of COVID-19 on the Industry

    3. 1.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitutes

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By End-User

      1. 2.1.1 Utilities

      2. 2.1.2 Industrial and Commercial

    2. 2.2 By Type

      1. 2.2.1 Gas-insulated

      2. 2.2.2 Air-insulated

      3. 2.2.3 Other Types

    3. 2.3 By Country

      1. 2.3.1 China

      2. 2.3.2 Japan

      3. 2.3.3 South Korea

      4. 2.3.4 South East Asia

      5. 2.3.5 Australia and New Zealand

      6. 2.3.6 Rest of Asia Pacific

Asia Pacific Load Break Switches Market Size FAQs

The Asia Pacific Load Break Switches Market is projected to register a CAGR of 5.95% during the forecast period (2024-2029)

ABB Ltd, Schneider Electric SE, Rockwell Automation, Inc., Simens AG and Eaton are the major companies operating in the Asia Pacific Load Break Switches Market.

Asia Pacific Load Break Switches Report Snapshots

Asia Pacific Load Break Switches Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)