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Solar Array Disconnect Switches Market by Application and Geography - Forecast and Analysis 2022-2026

  • Published: May 2022
  • Pages: 135
  • SKU: IRTNTR73553
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Based on Technavio's market sizing methodology, the solar array disconnect switches market size is predicted to surge to USD 3.16 billion from 2021 to 2026 at a CAGR of 16.55%.

This solar array disconnect switches market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The solar array disconnect switches market report also offers information on several market vendors, 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. among others.

This report extensively covers solar array disconnect switches market segmentation by the following:

  • Application - Utility and Non-utility
  • Geography - APAC, Europe, North America, South America, and Middle East and Africa

What will the Solar Array Disconnect Switches Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Solar Array Disconnect Switches Market Size for the Forecast Period and Other Important Statistics

 

Solar Array Disconnect Switches Market: Key Drivers, Trends, and Challenges

The increasing investments in renewable energy is notably driving the solar array disconnect switches market growth, although factors such as the competition from alternative sources may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the solar array disconnect switches industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Solar Array Disconnect Switches Market Driver

One of the key factors driving growth in the solar array disconnect switches market is the increasing investments in renewable energy. The global energy mix has changed drastically over the past two decades. Improvement in energy efficiency played a vital role in balancing energy supply and demand. The competitive cost of producing electricity and low carbon emissions from renewable sources led to an increase in investments in renewable energy across the world. Several countries in Europe, such as Norway, Iceland, and Sweden, rely on renewable sources for more than half of their total annual power demand due to the implementation of stringent emission norms. The increased focus on renewable energy sources is increasing investments in the energy industry, which will drive the growth of the market.

Key Solar Array Disconnect Switches Market Trend

The companies increasingly focusing on technological advancement is a solar array disconnect switches market trend that is expected to have a positive impact in the coming years. Solar PV sources are drawing investments in research and development activities for technological advances. These advances would help reduce power generation costs, increase the efficiency of equipment, and optimize the installation process. The next generation of solar PV modules includes a mono passivated emitter and rear cell (PERC) and bifacial solar PV modules. These solar PV modules offer high efficiency and conversion rates. Since bifacial solar PV modules produce power from both sides of the solar PV module, they generate more power than monofacial solar PV modules. These solar PV modules require a smaller array footprint, which leads to a reduction in the balance of system costs. Thus, the development of components and their related technologies in solar power will improve the reliability and efficiency of solar array disconnect switches and drive the market during the forecast period.

Key Solar Array Disconnect Switches Market Challenge

The competition from alternative sources will be a major challenge for the solar array disconnect switches market during the forecast period. Despite rapid growth in the use of renewable sources for power generation, fossil fuels (coal, oil, and natural gas) account for a significant portion of the global energy mix. The production of natural gas has increased significantly because of rapid growth in the supply of coalbed methane, tight gas, and shale gas. In the renewables segment, solar energy faces stiff competition from wind energy and hydropower. China, the US, and India are continuously boosting their wind capacity installations for energy production. Electricity generation using hydropower energy has various advantages, such as low maintenance cost, long project lifecycle, and low failure rates. This process of electricity generation is mostly independent of climatic conditions and the flow of air currents. Thus, solar energy faces stiff competition from other sources of energy such as fossil fuels and other renewables such as hydro and wind. As a result, solar power generation is limited. This can hamper the global solar array disconnect switches market.

This solar array disconnect switches market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global solar array disconnect switches market as a part of the global renewable electricity market within the global independent power and renewable electricity market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the solar array disconnect switches market during the forecast period.

Who are the Major Solar Array Disconnect Switches Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, 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
  • SUNTREE Electric Group Co. Ltd.

 

This statistical study of the solar array disconnect switches market encompasses successful business strategies deployed by the key vendors. The solar array disconnect switches market is concentrated and the vendors are deploying growth strategies such as mergers and acquisitions and collaboration to compete in the market.

Product Insights and News

  • ABB Ltd. - ABB Ltd. is a public company headquartered in Switzerland. It is a global company generating $28,945 million in revenues and has around 105,000 employees. Its revenue from the global solar array disconnect switches market contributes to its overall revenues along with its other offerings, but it is not a key revenue stream for the company. 
  • ABB Ltd.- The company offers solar array disconnect switches such as OT40.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The solar array disconnect switches market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Solar Array Disconnect Switches Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the solar array disconnect switches market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Solar Array Disconnect Switches Market?

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56% of the market’s growth will originate from APAC during the forecast period. China, Vietnam, Japan, and Australia are the key markets for solar array disconnect switches in APAC. Market growth in this region will be faster than the growth of the market in the European and North American regions.

The government initiatives and financial incentive programs such as FIT in China and Japan will facilitate the solar array disconnect switches market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the COVID-19 outbreak in the APAC disrupted various verticals of industries, mainly the renewable energy industry. Many solar power projects across APAC were postponed or canceled due to lockdowns in various countries, such as India, China, South Korea, and Japan. However, the resumption of manufacturing hubs after nationwide lockdowns and shifting preference toward sustainable power sources may proliferate the growth of the solar industry and the regional solar array disconnect switches market during the forecast period.

What are the Revenue-generating Application Segments in the Solar Array Disconnect Switches Market?

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The solar array disconnect switches market share growth by the utility segment will be significant during the forecast period. The shift to sustainable energy sources and the presence of agreements, such as the Paris Agreement on climate change, has stimulated the demand for solar array disconnect switches in recent years. The increasing demand for electricity due to the ever-rising population will propel the utility segment of the global solar array disconnect switches market during the forecast period. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the solar array disconnect switches market size and actionable market insights on post COVID-19 impact on each segment.

 

Solar Array Disconnect Switches Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 16.55%

Market growth 2022-2026

$ 3.16 billion

Market structure

Concentrated

YoY growth (%)

16.0

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 56%

Key consumer countries

US, China, Vietnam, Japan, and Australia

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

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 obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Solar Array Disconnect Switches Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive solar array disconnect switches market growth during the next five years
  • Precise estimation of the solar array disconnect switches market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the solar array disconnect switches industry across APAC, Europe, North America, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of solar array disconnect switches market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Application

    • 5.1 Market segments
      • Exhibit 24: Chart on Application - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
    • 5.2 Comparison by Application
      • Exhibit 26: Chart on Comparison by Application
      • Exhibit 27: Data Table on Comparison by Application
    • 5.3 Utility - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Utility - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Utility - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Utility - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Utility - Year-over-year growth 2021-2026 (%)
    • 5.4 Non-utility - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Non-utility - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Non-utility - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Non-utility - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Non-utility - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Application
      • Exhibit 36: Market opportunity by Application ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 40: Chart on Geographic comparison
      • Exhibit 41: Data Table on Geographic comparison
    • 7.3 APAC - Market size and forecast 2021-2026
      • Exhibit 42: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 43: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 44: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 North America - Market size and forecast 2021-2026
      • Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 China - Market size and forecast 2021-2026
      • Exhibit 62: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.9 US - Market size and forecast 2021-2026
      • Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.10 Vietnam - Market size and forecast 2021-2026
      • Exhibit 70: Chart on Vietnam - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on Vietnam - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on Vietnam - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on Vietnam - Year-over-year growth 2021-2026 (%)
    • 7.11 Japan - Market size and forecast 2021-2026
      • Exhibit 74: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.12 Australia - Market size and forecast 2021-2026
      • Exhibit 78: Chart on Australia - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on Australia - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on Australia - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on Australia - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 82: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 85: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 86: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 87: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 88: Matrix on vendor position and classification
            • 10.3 ABB Ltd.
              • Exhibit 89: ABB Ltd. - Overview
              • Exhibit 90: ABB Ltd. - Business segments
              • Exhibit 91: ABB Ltd. - Key news
              • Exhibit 92: ABB Ltd. - Key offerings
              • Exhibit 93: ABB Ltd. - Segment focus
            • 10.4 Bentek Corp.
              • Exhibit 94: Bentek Corp. - Overview
              • Exhibit 95: Bentek Corp. - Product / Service
              • Exhibit 96: Bentek Corp. - Key offerings
            • 10.5 Bremas Ersce Spa
              • Exhibit 97: Bremas Ersce Spa - Overview
              • Exhibit 98: Bremas Ersce Spa - Product / Service
              • Exhibit 99: Bremas Ersce Spa - Key offerings
            • 10.6 Eaton Corp. Plc
              • Exhibit 100: Eaton Corp. Plc - Overview
              • Exhibit 101: Eaton Corp. Plc - Business segments
              • Exhibit 102: Eaton Corp. Plc - Key news
              • Exhibit 103: Eaton Corp. Plc - Key offerings
              • Exhibit 104: Eaton Corp. Plc - Segment focus
            • 10.7 Mersen Corporate Services SAS
              • Exhibit 105: Mersen Corporate Services SAS - Overview
              • Exhibit 106: Mersen Corporate Services SAS - Business segments
              • Exhibit 107: Mersen Corporate Services SAS - Key offerings
              • Exhibit 108: Mersen Corporate Services SAS - Segment focus
            • 10.8 ProJoy Electric Co. Ltd.
              • Exhibit 109: ProJoy Electric Co. Ltd. - Overview
              • Exhibit 110: ProJoy Electric Co. Ltd. - Product / Service
              • Exhibit 111: ProJoy Electric Co. Ltd. - Key offerings
            • 10.9 Salzer Electronics Ltd.
              • Exhibit 112: Salzer Electronics Ltd. - Overview
              • Exhibit 113: Salzer Electronics Ltd. - Product / Service
              • Exhibit 114: Salzer Electronics Ltd. - Key offerings
            • 10.10 Santon International BV
              • Exhibit 115: Santon International BV - Overview
              • Exhibit 116: Santon International BV - Product / Service
              • Exhibit 117: Santon International BV - Key offerings
            • 10.11 Schneider Electric SE
              • Exhibit 118: Schneider Electric SE - Overview
              • Exhibit 119: Schneider Electric SE - Business segments
              • Exhibit 120: Schneider Electric SE - Key news
              • Exhibit 121: Schneider Electric SE - Key offerings
              • Exhibit 122: Schneider Electric SE - Segment focus
            • 10.12 Siemens AG
              • Exhibit 123: Siemens AG - Overview
              • Exhibit 124: Siemens AG - Business segments
              • Exhibit 125: Siemens AG - Key news
              • Exhibit 126: Siemens AG - Key offerings
              • Exhibit 127: Siemens AG - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 128: Inclusions checklist
                • Exhibit 129: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 130: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 131: Research methodology
                • Exhibit 132: Validation techniques employed for market sizing
                • Exhibit 133: Information sources
              • 11.5 List of abbreviations
                • Exhibit 134: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              The solar array disconnect switches market market growth will increase by $$ 3.16 billion during 2023-2026.
              The solar array disconnect switches market market is expected to grow at a CAGR of 16.55% during 2023-2026.
              Technavio has segmented the solar array disconnect switches market market by application (Utility and Non-utility) and geographic (APAC, Europe, North America, South America, and Middle East and Africa).
              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, SUNTREE Electric Group Co. Ltd. are a few of the key vendors in the solar array disconnect switches market market.
              APAC will register the highest growth rate of 56% among the other regions. Therefore, the solar array disconnect switches market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the solar array disconnect switches market market growth are:
              • Increasing investments in renewable energy
              • Companies are increasingly focusing on technological advancement
              The solar array disconnect switches market market vendors should focus on grabbing business opportunities from the utility segment as it accounted for the largest market share in the base year.
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