Vacuum Contactor Market 2019 Report by Voltage Rating (Less than 5kV, 5kV to 10kV, 11kV to 15kV, and more than 15kV), Application (Motors, Transformers, Reactors, Capacitors, Resistive loads), End-User, and Region – Global Forecast till 2023
Global Vacuum Contactor Market Scenario
The constant growth in investment and development in process industries is motivating the vacuum contractor market. Reports that investigate the energy and power industry have been presented by Market Research Future, which produces reports on industry verticals that appraise the market expansion and prospects. The market is projected to gain an 8.02% CAGR in the extent of the forecast period.
Vacuum Contactor is an electrical device that is used for load breaking through the help of a controlled switch. Vacuum interrupting contacts are enclosed inside a vacuum bottle, which prevents the development of arc when there is a voltage fluctuation. Some of the major applications of vacuum contactors are in motors, transformers, capacitors, reactors, and resistive loads, among others. Many industries such as oil and gas, commercial, mining, utilities, and others require vacuum contactors to protect their expensive equipment.
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The significant players in the vacuum contactor market are Schneider Electric (France), Rockwell Automation (US), General Electric (US), ABB (Switzerland), Siemens (Germany), Eaton Corporation (Ireland), Mitsubishi Electric (Japan), Toshiba Corporation (Japan), Larsen & Toubro (India), and Crompton Greaves (India), among others.
Vacuum Contactor Market: Segmental Analysis
The evaluation of the segments in the vacuum contactor market is carried out on the basis of application, voltage rating, end-user, and region.
The application-based segmentation of the vacuum contactor market comprises of resistive loads, transformers, capacitors, motors, reactors, and other applications such as power transmitter, pumps, generators, variable frequency drive, and switchgears.
On the basis of Voltage Rating, the Vacuum Contactor Market is segmented into 5kV to 10kV, 11kV to 15kV, Less than 5kV, and more than 15kV.
Based on the end-users, the vacuum contactor market is segmented into utilities, industrial, commercial, oil & gas, mining, and others.
Based on the regions, the vacuum contactor market is segmented into the Middle East & Africa, North America, Europe, Asia Pacific, and South America.
The regional review of the vacuum contactor market includes regions such as the Middle East & Africa, North America, Europe, Asia Pacific, and South America.
The market for vacuum contactor market is anticipated to observe considerable growth throughout the forecast period due to the investment in the HVAC system, government protocols for energy efficiency, and the usage of ecologically friendly refrigerants. Furthermore, an intensifying requirement for the efficacy of electric equipment in industries would be an important trend that will alter the vacuum contactor market in the coming period.
The high growth of vacuum contactors is also attributed to the growing demand for reliability of power supply in harsh environments and robust growth in HVAC sector. Rising urbanization in Asian countries has led to an increase in the demand for HVAC products which has acted as a significant driver for the vacuum contactor market.
The Asia Pacific region is the topmost market for vacuum contactor. The mounting urbanization and important development in the process industries such as cement, paper & pulp, and metal processing are estimated to boost the evolution of vacuum contactor market. The North American region is anticipated to be the following prime market for vacuum contactors in the forecast period. The substitution of aging T&D infrastructure in the US and growing demand for reliable power is motivating the demand for vacuum contactors.
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List of Tables
Table 1 Global Vacuum Contactor Market, By Region, 2016-2023 (USD Million)
Table 2 North America Vacuum Contactor Market, By Country, 2016-2023 (USD Million)
Table 3 Europe Vacuum Contactor Market, By Country, 2016-2023 (USD Million)
Table 4 Asia-Pacific Vacuum Contactor Market, By Country, 2016-2023 (USD Million)
Table 5 Middle East & Africa Vacuum Contactor Market, By Country, 2016-2023 (USD Million)
Table 6 South America Vacuum Contactor Market, By Country, 2016-2023 (USD Million)
Table 7 Global Vacuum Contactor Market, By Voltage Rating, 2016-2023 (USD Million)
List of Figures
Figure 1 Research Process Of MRFR
Figure 2 Top Down & Bottom Up Approach
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 6 Porter’s Five Forces Analysis
Figure 7 Value Chain Analysis
Figure 8 Global Vacuum Contactor Market Share, By Voltage Rating, 2017 (%)
Figure 9 Global Vacuum Contactor Market, By Voltage Rating, 2018-2023 (USD Million)
Figure 10 Global Vacuum Contactor Market Share, By Application, 2017 (%)
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