The global load break switch market is expected to grow from an estimated market size of $2.23 billion in 2018 to $3.12 billion by 2023, at a CAGR of 6.16%, from 2018 to 2023. According to the MarketsandMarkets report, Load Break Switch Market - Global Forecast to 2023, the global market is set to witness significant growth due to the refurbishment of aging infrastructure and increasing investment in the power distribution sector. Digitalisation of utilities presents a significant opportunity for the load break switch market. The market in Asia Pacific is expected to dominate the global load break switch market due to increasing investments in the power distribution sector and refurbishment of aging infrastructure. The load break switch market is expected to grow at a significant rate in countries such as Japan, India, Australia, and South-East Asian countries.

Source: The North Africa Journal March 06, 2018 07:18 UTC