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.
This growth can be attributed to factors such as upgradation and modernization of aging infrastructure for safe and secure electrical distribution systems, expansion of transmission & distribution networks, and increasing rate of industrialization and urbanization.
What is Vacuum Interrupters?
The vacuum interceptor is an electrical switch used to interrupt the current flow after a fault is detected. It is a kind of circuit breaker where the arc quenching takes place in a vacuum medium. The vacuum interrupter encompasses a steel arc chamber in the center symmetrically arranged ceramic insulator and the pressure inside the chamber is kept below 0.01 pascal. The material used for current-carrying contact plays an important role in the performance of therefor, alloys such as copper bismuth or copper chrome are used to make contact. It requires less maintenance and consider as a highly reliable for medium voltage applications and also used in metal-clad switchgear, and porcelain housed circuit breakers.
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The most common application of vacuum interrupters is in the utility sector. The energy efficiency norms have created an upsurge in the innovation of technologies that reduce energy loses in power generation and transmission. Innovation in recent years has given rise to interrupters being fabricated without the use of sulfur hexafluoride gas, which was previously considered essential. Mounting concerns over carbon emissions and the need to improve energy-efficiency, has led manufacturers to seek materials which are energy-efficient for use in interrupter components.
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.
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.
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
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.
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
Asia Pacific
Western Europe
Eastern Europe
Middle East
Rest of the World
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.
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