Vacuum interrupters are among the core components of medium-voltage switches, in which electrical contacts are sealed in a vacuum. Vacuum interrupters are installed in circuit breakers, switchgears, load break switches, load break switches, reclosers, contactors, tap changers, railway circuit breakers, etc. Vacuum interrupters are mostly used in utility power transmission systems, power distribution systems for railway, and industrial plants.
Global Vacuum Interrupters Market Dynamics:
Increasing demand for vacuum interrupters from end-use industries such as utilities, transportation, mining etc. especially in developing countries is major factor expected to drive growth of the global Vacuum Interrupters Market over the forecast period. In addition, rising adoption of smart grid technology across the globe, in which vacuum interrupters are considered as an essential component used in switch disconnectors and reclosers in established smart grids is another factor expected to fuel growth of the target market.
Analysis By Segmentation:
Among the application segments, the circuit breaker application segment in the global vacuum interrupters market is estimated to account for majority revenue share in 2017, and is projected to value at US$ 575.6 Mn in 2017.
The utilities end-use industry segment in the global vacuum interrupters market is expected to be account for largest revenue share of US$ 623.7 Mn in 2017, and is expected to continue its dominance over the forecast period.
The vacuum interrupters market in North America is estimated to account for major revenue share of US$ 504.4 Mn in 2017, owing to growing demand for energy, coupled with increasing focus on power generation using renewable energy resources, and initiatives by governments in countries to modernize electrical grids and transmission networks. In addition, stringent environmental regulations limiting use of products that release harmful gases into the atmosphere and rising demand from various end-use industries for fast switching and safe interrupters that are easy to use and require less maintenance are other factors expected to boost growth of North America vacuum interrupters market.
Key players operating in the global vacuum interrupters market include ABB Ltd., Eaton Corporation Plc, Meidensha Corporation, Schneider Electric SE, Siemens AG, Alstom SA, CoorsTek Inc., Toshiba Corporation, Turner Electric, Crompton Greaves Limited, Mitsubishi Electric Corporation, General Electric, and Tavrida Electric.
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