Global Vacuum Interrupters Market 2017-2021

Overview of the global vacuum interrupters market

Market research analysts at Technavio predict that the global vacuum interrupters market will grow at a CAGR of close to 6% by 2021. This market research analysis identifies the growth in smart grid technology as one of the primary growth factors for this market. Smart grids monitor and control power flows from the point of generation to consumption, enhancing predictability, visibility, and efficient management of the production and demand. Additionally, they also facilitate the integration of intermittent energy generation from renewable sources and also aid in peak load management. This will drive the adoption of smart grid technology, which will subsequently drive the growth of the vacuum interrupters market since they are used in switch disconnectors and reclosers and they are an essential component in the establishment of smart grids.

The integration of renewable energy sources into power grids is one of the latest trends that will gain traction in the vacuum interrupters market in the coming years. The integration of renewable energy sources into the smart grids will help reduce the carbon footprint of the electric power system. The high rate of renewable energy production necessitates the need for adequate and reliable power transmission, which is provided by the smart grid. The growing importance of smart grids, energy conservation, and the creation of energy through renewable sources, will boost the growth of the market for vacuum interrupters.

Competitive landscape and key vendors

The vacuum interrupters market is characterized by the presence of large and established vendors and is intensely competitive. Vendors in the market are engaged in massive R&D and can launch innovative products. Additionally, vacuum interrupters manufacturers in this vacuum circuit breaker market also operate a global supply chain management network with employees dedicated to businesses and key countries.

The leading vendors in the market are -

• ABB
• Eaton
• Meidensha
• Schneider Electric
• Siemens Energy

The other prominent vendors in the market include CoorsTek, Toshiba, Turner Electric, Crompton Greaves, Alstom, Mitsubishi Electric, and General Electric.

Segmentation by end-user and analysis of the vacuum interrupters market

• Industrial application
• Oil and gas application
• Mining application
• Transportation

During 2016, the industrial application segment accounted for the major shares of the vacuum circuit breaker market. Vacuum interrupters are used in the industrial applications for repetitive switching, current interruption, overcurrent and short-circuit protection, and motor in-rush current interruption. Additionally, vacuum interrupters are also used in industrial motors, transformer feeder switching, and capacitor switching.

Geographical segmentation and analysis of the vacuum interrupters market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the vacuum circuit breaker market by 2021. The expansion of electric grids in Southeast Asia and the growing focus on making rural areas accessible to electric grids in countries such as China and India will drive the market’s growth in this region. Moreover, the increasing demand for power from industries and the rise in urbanization in cities will also drive the growth of the vacuum interrupters market in APAC.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global vacuum interrupters market?
• What are the key market trends impacting the growth of the global vacuum interrupters market?
• What are the challenges to market growth?
• Who are the key vendors in the global vacuum interrupters market?
• What are the market opportunities and threats faced by the vendors in the global vacuum interrupters market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global vacuum interrupters market?

Technavio also offers customization on reports based on specific client requirement.

In recent times, we are surrounded by more and more electrical device, it calls for the transmission of more electrical energy through the grid. But more power means increased risk of fire and electrical hazard. Vacuum interrupters are switching device that use electrical contacts (switches, relays, connectors and circuit breakers) in a vacuum. Vacuum interrupters are mainly used in vacuum circuit breaker (VCB), which compared to conventional oil circuit breakers are more safe and efficient. Apart from that they are also used in load switches, motor contactors, and reclosers, and is a core component of medium-voltage switches. Due to its superior performance compared to its alternative, Technavio is working on an upcoming report for the global vacuum interrupters market for the forecast period of 2017 to 2021, which includes use in various electrical applications, technological advancements, and competitive landscape.

The upcoming report on global vacuum interrupters follows a detailed approach using primary and secondary research and using appropriate analytical tools to measure the growth potential of the market. Apart from the growth potential, the report also looks at emerging technologies to use it in higher voltage applications, newer applications, and market landscaping.

The report also considers the growth of other essential hardware component markets, such as noise suppression component market and the amplifier and comparator market, which are expected to grow at a CAGR of 9% and 3%, respectively, for the forecast period of 2017 to 2021. With an increase in electrical infrastructure, it is important to address the issue of power crisis as well. As a result, it becomes imperative for all electrical components to be electricity efficient, transmit power without hiccups, and prevent fire and electricity hazard. Since vacuum interrupters come up as the best alternative available, the market provides big opportunity. Technavio also works on customized research report for their client who wants reports specific to certain markets, application by type, or certain geographical region.

The upcoming research report also identifies major drivers, emerging trends, technological advancements, and major challenges currently faced by vendors in the hardware sector. The report also considers technological developments in the lighting and sensors sectors.