Vacuum Interrupter Market, By Application (Circuit Breaker, Contactor, Recloser, Load Break Switch,

Published Date: June - 2019 | Report Code : IT2058755

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The Global Vacuum Interrupter Market is projected to reach USD 5.18 billion by 2028, growing at a CAGR of 5.5% during the forecast period. The growth of construction activities & increased availability of electricity in developing economies is expected to fuel the global vacuum interrupter market during the forecast period.

Vacuum Interrupter Market
Vacuum Interrupter Market

A vacuum interrupter is an electrical device that is basically a switch and makes use of electrical contacts in a vacuum. It is one of the major components used in medium voltage circuit breakers, high voltage circuits, and generator circuit breakers.  Vacuum interrupters are widely used in power plant units, power transmission systems, arc furnaces, and power generation facilities.

The power generation industry is the principal end-user of vacuum interrupters. Power generation industries make tremendous use of electrical energy. The amount of electrical energy used by these power plants is enough to wipe out 200-300 people on the onset. Hence, stringent safety measures are employed in power generation plants for the proper functioning of these units. Here Vacuum interrupters are used in these units as circuit breakers. The main function of the circuit breaker is to isolate the power generation unit from the power source in case of over-voltage or over- current situations. During power generation activities if electrical power drawn exceeds minimum safety standards, the circuit breaker isolates power units from source to avoid voltage or current discharge and thermal runaway that may severely compromise the power unit. The Oil & Gas industry have boilers that make use of high voltage electricity. Therefore, it becomes a necessity to employ safety standards to ensure the proper functioning of these boilers. Hence during situations where electrical power is drawn exceeds minimum safety barrier, circuit breakers are used to break contact between source & appliance. The 0-15kV is the most used segment with consideration to the vacuum interrupter market.

Vacuum Interrupter Market

Vacuum Interrupter Market

The Asia Pacific region is set to be the highest contributor to the vacuum interrupter market owing to increasing urbanization & increased availability of electricity. The North American & European regions are poised to show steady growth in the vacuum interrupter market due to increasing power generation activities and the installation of new power generation facilities across the geographical boundaries. The Middle East stills an emerging player in the vacuum interrupter market.                   

Key Factors Impacting the Growth of Vacuum Interrupter Market:

  • Increasing power generation activities across the globe.
  • Increasing use of electrical appliances across various industries
  • Lack of government regulatory policies.

Key Developments in the Vacuum Interrupter Market:

  • On 9th July 2018, ABB (Switzerland) introduced VD4- Arc Furnace, medium-voltage circuit breaker with a unique solution based on vacuum technology and innovative actuation systems, to provide a new high quality, reliable and efficient solution
  • On 1st October 2018, ABB (Switzerland) acquired the Thomas & Betts Corporation (US) which will begin doing business as ABB Installation Products, Inc., to manage the connection, distribution, and transmission of electrical power in industrial, construction and utility applications globally

What Does This Report Provide?

This report provides a detailed understanding of the global vacuum interrupter market from qualitative and quantitative perspectives during the forecast period. The report also provides dynamic indicators with a potential impact on the vacuum interrupter market during the forecast period and an in-depth analysis of the leading companies operating in the vacuum interrupter market.

Market Segmentation:

By Application:

  • Circuit Breaker
  • Contactor
  • Recloser
  • Load Break Switch
  • Tap Switch

By End-Use Industry:

  • Power Generation
  • Oil & Gas
  • Mining
  • Electrical & Electronics
  • Utilities & Transportation
  • Others

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Application
    • By End-Use Industry
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Application
    • By End-Use Industry
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Application
    • By End-Use Industry
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Application
    • By End-Use Industry
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Application
    • By End-Use Industry
  • Rest of the World
    • By Region (South America, Africa)
    • By Application
    • By End-Use Industry

Companies Covered: Major Companies profiled in the report which are key players in the global vacuum interrupter market include Mitsubishi Electric Corporation, China Zhenhua Electronics Group Yuguang Electric Co., Ltd., Wuhan Feite Electric Co., Ltd., Chengdu Xuguang Electronics Co., Ltd., Meidensha Corporation, LSIS Co., Ltd., Avantha Group, ACTOM, Siemens AG, Eaton, ABB, and Shaanxi Baoguang Vacuum Electric Device Company Limited.

Years Considered In The Study

 Historic Year

2016, 2017

Base Year

2018

Forecast Period

2019-2028 

CAGR % (2019-2028)

5.5%

Reasons to Buy This Report:

  • Market size estimation of the global vacuum interrupter market on a regional and global basis.
  • The unique research design for market size estimation and forecast.
  • Profiling of major companies operating in the vacuum interrupter market with key developments.
  • Broad scope to cover all the possible segments helping every stakeholder in the market.

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country

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