Vacuum Interrupters Market Size, Share Report, Analysis, Trends, Growth 2030

Table Of Content

Methodology

Free Analysis

Vacuum interrupters are the arc quenching chambers used in a circuit breaker. The chambers use vacuum medium for quenching of arc as the vacuum is good interrupter of charge as compared to air and oil. The technology was first developed in 1960 and still, advancements are going on. Vacuum interruption is environment-friendly coupled with less maintenance. The technology is designed for medium and high-voltage applications; however, commonly used for medium–voltage, its high voltage applications are not in commercial use due to the introduction of more advanced breakers in the market. 

The global vacuum interrupters market is primarily driven by replacement & refurbishment of aging infrastructure pairing with increasing investment in transmission and distribution infrastructure. In addition, growing demand from the utility sector, high economic growth and rapid urbanization in developing economies, and strengthening power distribution network in developing regions such as Africa are the key factors driving the vacuum interrupters demand. Furthermore, ongoing shift from oil and gas insulation to vacuum technology by the increasing environmental pollution is predicted to favor the vacuum interrupters market growth. On a contrary, the risk associated with loss of vacuum is expected to limit the vacuum interrupters market growth. Nonetheless, investments in renewable energy may disclose new avenues for vacuum interrupters market in the near future.

Based on application, the global vacuum interrupters market is fragmented into circuit breakers, contactors, reclosers, load break switches, tap changers, and others. In 2017, contactors application held the largest market share. The circuit breaker is expected to be the most attractive application segment in the coming years due to the increasing investments in the power and energy sector. 

Utility, oil & gas, mining, transportation, and other sectors are the key end users of the vacuum interrupters market. The utility segment is the leader among other end users and is estimated to hold a significant market share in the analysis period due to growing advancements in power distribution sector along with a substantial growth in switchgear.

The Asia Pacific emerged as dominating the regional market for vacuum interrupters in 2017. Increasing number of transmission and distribution line upgradations and developments especially in the South East Asia region paired with rapid development in the commercial sector in countries such as India, Japan, China, and South Korea will drive the growth of the market in near future. Replacement & refurbishment of aging infrastructure is expected to be a major driving factor in North America & European vacuum interrupters market. Growing renewable power generation in Africa coupled with power infrastructure expansions scheduled in the Middle East is expected to spur the growth of vacuum interrupters market in the analysis period.

Major participants in the global vacuum interrupters market are ABB Ltd., Siemens AG, Shaanxi Baoguang Vacuum Electric Device, Crompton Greaves Limited, Actom, Meidensha Corporation, Mitsubishi Electric Corporation, LS Industries, Toshiba, Wuhan Feite Electronic, and Eaton Corporation, amongst others. Companies are majorly focusing on updating their existing product along with new product launch to maintain their position in the market.