Asia Pacific Load Break Switches Market Size

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.