Electrical Isolator Market Overview
Electrical isolation is required to prevent electric circuit from damaging and eliminate shock hazards in case of electric failure. Electrical isolator which is a mechanical device is used to disconnect any electrical component from the system. Electrical isolator switches are featured on both the end of circuit breaker and they are used to open an electric circuit in the no-load condition so that the circuit breaker repair can be done easily without any risk.
Electrical isolator market is anticipated to grow with lower-single digit CAGR during the forecast period (2020 – 2030). Owing to factors like huge investment in the energy sector by developing countries. For instance, in its annual budget for fiscal year 2020-21 Government of India allocated around US$ 3 billion for power sector. However, expected global economic slowdown due to COVID-19 pandemic is expected to impact the global electrical isolator market.
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Electrical Isolator Market Competitive Landscape
The global electrical isolator market is moderately consolidated in nature with few major players serving to majority customer base. Leading manufacturers are launching new products with upgraded features in order to maintain their position in the global market. Some of the prominent manufacturers of the electrical isolator are Eaton, Siemens, Mitsubishi Electric, Positron, Dairyland Electrical, Schneider Electric, Orient Electric, Toshiba International Corporation, GIPRO GmbH, KINTO Electric, Omniflex, Renu Electronics, Pertronic Industries
The research report presents a comprehensive assessment of the electrical isolator market and contains deep insights, facts, historical and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to electrical isolator market segments such as by electrical isolator unit, location of power system & region.
Electrical Isolator Market Segmentation
For a better understanding, global electrical isolator market is being studied under type, location of power system & Region.
By type of electrical isolator, global electrical isolator market is segmented as –
- Single Break Isolator
- Double Break Isolator
- Pantograph type Isolator
By location of power system, global electrical isolator market is segmented as –
- Bus Side Isolator
- Line Side Isolator
- Transfer Bus Side Isolator
By Regions, global electrical isolator market is segmented as
- North America
- Latin America
- East Asia
- South Asia