HOME Top Market Reports Vacuum Interrupter Market by Applications (Circuit Breakers, Contactors, Reclosers, load break switches, and tap changers ), by end-users (Oil & Gas , Mining, Utilities and transportation), & by Region - Global Trends & Forecasts to 2020

Vacuum Interrupter Market by Applications (Circuit Breakers, Contactors, Reclosers, load break switches, and tap changers ), by end-users (Oil & Gas , Mining, Utilities and transportation), & by Region - Global Trends & Forecasts to 2020

By: marketsandmarkets.com
Publishing Date: October 2015
Report Code: EP 3810

 

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A vacuum interrupter (VI) is an electronic device that is primarily used to cut out the current arc to prevent the occurrence of accidents and equipment damage. VIs are installed in circuit breakers, switchgears, load break switches, and so on as a key component for interrupting and extinguishing electric current arc. The global vacuum interrupter market size is estimated to reach USD 2,052.6 Million by 2020 from USD 1,536.7 Million in 2015. The drivers for the market for vacuum interrupter are influenced by the trends in the process industries, manufacturing industries, aging and maturing power transmission & distribution network in the countries like U.S. and Canada.

This market study covers vacuum interrupter installed in various applications, and end-users for arriving at the global market size from 2013 to 2020. Also the market estimation is again compared with the market arrived from the supply side calculated by considering the annual production capacity of the various players operating in the market.

The report covers the various segments like:

On the basis of application: the vacuum interrupter market is classified into six segments: circuit breakers, contactors, reclosers, load break switches, tap changers and others. Others include the applications like DC applications & traction. The major applications of the VIs are in contactors and circuit breakers covering more than 60% of the market share.

On the basis of end-use: the vacuum interrupter market is majorly segmented into five sectors: utilities, oil & gas, mining, transportation & others. The other sector includes data centers and other commercial applications.

On the basis of region: the vacuum interrupter is segmented on the basis of its market presence in the following regions namely North America, South America, Europe, Asia-Pacific, the Middle East and Africa. These regions are further classified on the basis of top countries and their end user analyses have been made. Asia-Pacific held the largest market share owing to growth in industrialization and urbanization, followed by Europe and North America.

Vacuum Interrupter Market

For this report, the major players in the market have been identified through secondary and primary research, based on which, their market shares have been evaluated. This includes a study of the annual report of top market players and interviews with key opinion leaders such as CEOs, Directors, and Marketing Executives. The key players of this industry are ABB Ltd. (Switzerland), Eaton Corporation (Ireland), Siemens AG (Germany), Mitsubishi Electric Corporation (Japan), Toshiba Corporation (Japan), Baoguang Vacuum Electric Device Co., Ltd. (China), LS Industries (South Korea) and Wuhan Feite Electronic Co. Ltd. (China).
The report caters to

  • VI manufacturers, dealers, and suppliers
  • Medium voltage equipment manufacturing companies
  • Switchgear and control gear manufacturing companies
  • Companies related to the mining industry
  • Motor, transformer, and capacitor bank manufacturing companies
  • Low-voltage and medium-voltage distribution substations
  • Process industries that run motors, transformers, and power factor correction banks on a large scale

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
    2.3 Market Breakdown & Data Triangulation
    2.4 Research Assumptions & Limitations
           2.4.1 Assumptions
           2.4.2 Limitations

3 Executive Summary (Page No. - 25)

4 Premium Insights (Page No. - 29)
    4.1 Attractive Opportunities in the Vacuum Interrupter Market
    4.2 Vacuum Interrupter ( VI ) Market: Top End-User Segment
    4.3 Vacuum Interrupter Market in North America
    4.4 Asia-Pacific to Dominate the Vacuum Interrupter Market

5 Market Overview (Page No. - 34)
    5.1 Introduction
    5.2 Advantages of Vacuum Interrupters
    5.3 Market Segmentation
           5.3.1 By End-User
           5.3.2 By Application
           5.3.3 By Region
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Replacement & Refurbishment of Aging Infrastructure
                    5.4.1.2 Eco-Friendliness of VI Compared to Alternatives
                    5.4.1.3 High Economic Growth & Rapid Urbanization
           5.4.2 Restraints
                    5.4.2.1 Risks Associated With Loss of Vacuum
           5.4.3 Opportunities
                    5.4.3.1 Investments in Renewable Energy
                    5.4.3.2 Strengthening the Power Distribution Network in Developing Regions Such as Africa
           5.4.4 Challenge
                    5.4.4.1 Downturn in the Global Mining Industry
                    5.4.4.2 Availability of Cheap, Low-Quality Products
                    5.4.4.3 Slump in the Oil & Gas Industry
    5.5 Vacuum Interrupter Market: Value Chain
           5.5.1 Key Influencers
    5.6 Porter’s Five Forces Analysis
           5.6.1 Threat of New Entrants
           5.6.2 Threat of Substitutes
           5.6.3 Bargaining Power of Suppliers
           5.6.4 Bargaining Power of Buyers
           5.6.5 Intensity of Competitive Rivalry

6 VI Market, By End-User (Page No. - 47)
    6.1 Introduction
    6.2 Utilities Sector
    6.3 Oil & Gas Sector
    6.4 Mining Sector
    6.5 Transportation Sector
    6.6 Others

7 VI Market, By Application (Page No. - 58)
    7.1 Introduction
    7.2 Circuit Breakers
    7.3 Contractors
    7.4 Reclosers
    7.5 Load Break Switches
    7.6 Tap Changers
    7.7 Others

8 VI Market, By Region (Page No. - 67)
    8.1 Introduction
    8.2 North America
           8.2.1 U.S.
           8.2.2 Canada
           8.2.3 Mexico
    8.3 Europe
           8.3.1 France
           8.3.2 Germany
           8.3.3 Italy
           8.3.4 U.K.
           8.3.5 Russia
           8.3.6 Rest of European Countries
    8.4 Asia-Pacific
           8.4.1 China
           8.4.2 India
           8.4.3 Japan
           8.4.4 South Korea
           8.4.5 Other Countries in the Asia-Pacific Region
    8.5 South America
           8.5.1 Argentina
           8.5.2 Brazil
           8.5.3 Other Countries in South America
    8.6 Middle East
           8.6.1 Iran
           8.6.2 Saudi Arabia
           8.6.3 Other Countries in Middle East
           8.6.4 Africa
           8.6.5 South Africa
           8.6.6 Other Countries in the African Region
    8.7 Top Six Countries

9 Competitive Landscape (Page No. - 101)
    9.1 Overview
    9.2 Market Share Analysis, By Key Players
    9.3 Competitive Situation & Trends
           9.3.1 Partnerships/Agreements/Collaborations
           9.3.2 New Product Development
           9.3.3 Mergers & Acquisitions
           9.3.4 Expansions
           9.3.5 Other Developments

10 Company Profiles (Page No. - 109)
     10.1 Introduction
     10.2 Toshiba Corporation
             10.2.1 Business Overview
             10.2.2 Products Offered
             10.2.3 Recent Developments, 2012-2014
             10.2.4 SWOT Analysis
             10.2.5 MnM View
     10.3 ABB (Asea Brown Boveri)
             10.3.1 Business Overview
             10.3.2 Products Offered
             10.3.3 Recent Developments, 2012-2015
             10.3.4 SWOT Analysis
             10.3.5 MnM View
     10.4 Eaton Corporation
             10.4.1 Business Overview
             10.4.2 Products Offered
             10.4.3 Recent Developments, 2012-2015
             10.4.4 SWOT Analysis
             10.4.5 MnM View
     10.5 Siemens AG
             10.5.1 Business Overview
             10.5.2 Products Offered
             10.5.3 Recent Developments, 2013-2015
             10.5.4 SWOT Analysis
             10.5.5 MnM View
     10.6 Actom
             10.6.1 Business Overview
             10.6.2 Products Offered
             10.6.3 Recent Developments, 2013-2014
     10.7 Shaanxi Baoguang Vacuum Electric Device Co., Ltd.
             10.7.1 Business Overview
             10.7.2 Products Offered
             10.7.3 Recent Developments, 2014-2015
     10.8 Crompton Greaves Limited
             10.8.1 Business Overview
             10.8.2 Products Offered
             10.8.3 Recent Developments, 2015
     10.9 LS Industrial System
             10.9.1 Business Overview
             10.9.2 Products Offered
             10.9.3 Recent Developments, 2014
     10.10 Meidensha Corporation
             10.10.1 Business Overview
             10.10.2 Products Offered
             10.10.3 Recent Developments, 2012
     10.11 Chengdu Xuguang Electronics Co., Ltd.
             10.11.1 Business Overview
             10.11.2 Products Offered
             10.11.3 Recent Developments
     10.12 Wuhan Feite Electric Co., Ltd.
             10.12.1 Business Overview
             10.12.2 Products Offered
             10.12.3 Recent Developments, 2013
     10.13 China Zhenhua Electron Group Yuguang Electrical Ltd.
             10.13.1 Business Overview
             10.13.2 Products Offered
             10.13.3 Recent Developments
     10.14 Mitsubishi Electric Corporation
             10.14.1 Business Overview
             10.14.2 Products Offered
             10.14.3 Recent Developments, 2013-2015
             10.14.4 SWOT Analysis
             10.14.5 MnM View

11 Appendix (Page No. - 143)
     11.1 Insights of Industry Experts
     11.2 Discussion Guide
     11.3 Available Customizations
     11.4 Introducing RT: Real Time Market Intelligence
     11.5 Related Reports


List of Tables (70 Tables)

Table 1 Advantages of Vacuum Interrupters
Table 2 Replacement & Refurbishment of Aging Infrastructure Would Boost the Vacuum Interrupter Market
Table 3 Risks Associated With Loss of Vacuum are Restraining the Growth of the Vacuum Interrupter Market
Table 4 Strengthening the Power Distribution Network in Developing Regions Such as Africa is an Opportunity in this  Market
Table 5 The Slump in the Oil & Gas and Mining Industries is A Major Challenge for the Vacuum Interrupter Market
Table 6 By Market Size, By End-User, 2013-2020 (USD Million)
Table 7 Utilities Market Size, By Region, 2013-2020 (USD Million)
Table 8 Utilities Vacuum Interrupter Market Size, By Top Country in Each Region, 2013-2020 (USD Million)
Table 9 Oil & Gas Market Size, By Region, 2013-2020 (USD Million)
Table 10 Oil & Gas Market Size, By Top Country in Each Region, 2013-2020 (USD Million)
Table 11 Mining Market Size, By Region, 2013-2020 (USD Million)
Table 12 Mining Market Size, By Top Country in Each Region, 2013-2020 (USD Million)
Table 13 Transportation Market Size, By Region, 2013-2020 (USD Million)
Table 14 Transportation Market Size, By Top Country in Each Region, 2013-2020 (USD Million)
Table 15 Others Market Size, By Region, 2013-2020 (USD Million)
Table 16 Others Market Size, By Top Country in Each Region, 2013-2020 (USD Million)
Table 17 Vacuum Interrupter Market Size, By Application, 2013-2020 (USD Million)
Table 18 Circuit Breakers Market Size, By Region, 2013-2020 (USD Million)
Table 19 Contractors Market Size, By Region, 2013-2020 (USD Million)
Table 20 Reclosers Market Size, By Region, 2013-2020 (USD Million)
Table 21 Load Break Switches Market Size, By Region, 2013-2020 (USD Million)
Table 22 Tap Changers Market Size, By Region, 2013-2020 (USD Million)
Table 23 Others Market Size, By Region, 2013-2020 (USD Million)
Table 24 Vacuum Interrupter Market Size, By Region, 2013–2020 (USD Million)
Table 25 North America: Vacuum Interrupter Market Size, By Country, 2013–2020 (USD Million)
Table 26 North America: Vacuum Interrupter Market Size, By Application, 2013–2020 (USD Million)
Table 27 North America: Vacuum Interrupter Market Size, By End-User, 2013–2020 (USD Million)
Table 28 U.S.: Vacuum Interrupter (VI) Market Size, By End-User, 2013–2020 (USD Million)
Table 29 Canada: Vacuum Interrupter Market Size, By End-User, 2013–2020 (USD Million)
Table 30 Mexico:Vacuum Interrupter Market Size, By End-User, 2013–2020 (USD Million)
Table 31 Europe: By Market Size, By Country, 2013–2020 (USD Million)
Table 32 Europe: By Market Size, By Application, 2013–2020 (USD Million)
Table 33 Europe: By Market Size, By End-User, 2013–2020 (USD Million)
Table 34 France: By Market Size, By End-User, 2013–2020 (USD Million)
Table 35 Germany: Market Size, By End-User, 2013–2020 (USD Million)
Table 36 Italy: Market Size, By End-User, 2013–2020 (USD Million)
Table 37 U.K.: Market Size, By End-User, 2013–2020 (USD Million)
Table 38 Russia: Market Size, By End-User, 2013–2020 (USD Million)
Table 39 Other Countries of Europe: Market Size, By End-User, 2013–2020 (USD Million)
Table 40 Asia-Pacific: Market Size, By Country, 2013–2020 (USD Million)
Table 41 Asia-Pacific: Market Size, By Application, 2013–2020 (USD Million)
Table 42 Asia-Pacific: Market Size, By End-User, 2013–2020 (USD Million)
Table 43 China:Market Size, By End-User, 2013–2020 (USD Million)
Table 44 India:Market Size, By End-User, 2013–2020 (USD Million)
Table 45 Japan:Market Size, By End-User, 2013–2020 (USD Million)
Table 46 South Korea : Vacuum Interrupter Market Size, By End-User, 2013–2020 (USD Million)
Table 47 Other Countries in Asia-Pacific: Vacuum Interrupter Market Size, By End-User, 2013–2020 (USD Million)
Table 48 South America: By Market Size, By Country, 2013–2020 (USD Million)
Table 49 South America: By Market Size, By Application, 2013–2020 (USD Million)
Table 50 South America: By Market Size, By End-User, 2013–2020 (USD Million)
Table 51 Argentina: Vacuum Interrupter Market Size, By End-User, 2013–2020 (USD Million)
Table 52 Brazil: Vacuum Interrupter Market Size, By End-User, 2013–2020 (USD Million)
Table 53 Other Countries in South America: Market, By End-User, 2013–2020 (USD Million)
Table 54 Middle East: Vacuum Interrupter Market Size, By Country, 2013–2020 (USD Million)
Table 55 Middle East: Vacuum Interrupter Market Size, By Application, 2013–2020 (USD Million)
Table 56 Middle East & Africa: Vacuum Interrupter Market Size, By End-User, 2013–2020 (USD Million)
Table 57 Iran: Vacuum Interrupter Market Size, By End-User, 2013–2020 (USD Million)
Table 58 Saudi Arabia: By Market Size, By End-User, 2013–2020 (USD Million)
Table 59 Other Countries in Middle East: By Market Size, By End-User, 2013–2020 (USD Million)
Table 60 Africa: Vacuum Interrupter Market Size, By Country, 2013–2020 (USD Million)
Table 61 Africa: By Market Size, By Application, 2013–2020 (USD Million)
Table 62 Africa: By Market Size, By End-User, 2013–2020 (USD Million)
Table 63 South Africa: Vacuum Interrupter Market Size, By End-User, 2013–2020 (USD Million)
Table 64 Other Countries in Africa: Market, By End-User, 2013–2020 (USD Million)
Table 65 Top Six Countries: Market Size, 2013–2020 (USD Million)
Table 66 Partnerships/Agreements/Collaborations, 2015
Table 67 New Product Developments, 2014–2015
Table 68 Mergers & Acquisitions, 2012–2014
Table 69 Expansions, 2014
Table 70 Other Developments, 2014


List of Figures (44 Figures)

Figure 1 Markets Covered: Vacuum Interrupter Market
Figure 2 Vacuum Interrupter Market: Research Design
Figure 3 Breakdown of Primary Interviews: By Company Type, Designation, & Region
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation
Figure 7 Vacuum Interrupter Market, By Application Snapshot (2015 vs 2020): Contactors are Expected to Retain the Largest Market Share
Figure 8 The Utilities Sector Was the Largest Market for Vacuum Interrupters in the End-User Segmentation in 2014
Figure 9 Asia-Pacific Dominated the Vacuum Interrupter Market in 2014
Figure 10 Snapshot: the African Market is Expected to Witness the Highest Growth During the Forecast Period for the VI Contactor Application
Figure 11 Increasingly Stringent Environmental Regulations & Revamping of Aging Power Infrastructure to Boost the Global Vacuum Interrupter Market
Figure 12 Utilities are Expected to Generate the Highest Demand for Vacuum Interrupters During the Forecast Period
Figure 13 Utilities Accounted for the Largest Share in this Market
Figure 14 Asia-Pacific Accounted for Over One-Third of the Market Share in 2014
Figure 15 Vacuum Interrupter Market Segmentation
Figure 16 Market, By End-User
Figure 17 Market, By Application
Figure 18 Market, By Region
Figure 19 Drocs
Figure 20 Vacuum Interrupter Market: Value Chain (2014)
Figure 21 Porter’s Five Forces Analysis: Vacuum Interrupter Market
Figure 22 Utility Sector is the Fastest Growing Segment in the Global Vacuum Interrupter Market
Figure 23 Reliable & Fast Switching Make Vacuum Interrupter Most Favorable for Usage in Contactors
Figure 24 Regional Snapshot (2014): South Africa & India are Emerging as New Hotspots
Figure 25 Market Share of Top Six Countries in 2014
Figure 26 Companies Adopted Partnerships/Agreements/Collaborations as A Key Growth Strategy to Gain Traction in the Market in the Past Three Years
Figure 27 ABB Ltd. Held the Largest Share in the VI Market, 2014
Figure 28 Market Evolution Framework: Partnerships/Agreements/Collaborations, New Product Developments, Expansions Fuelled the Growth of Companies From 2012 to 2015
Figure 29 Regional Revenue Mix of the Top Market Players
Figure 30 Toshiba Corporation: Company Snapshot
Figure 31 Toshiba Corporation : SWOT Analysis
Figure 32 ABB: Company Snapshot
Figure 33 ABB: SWOT Analysis
Figure 34 Eaton Corporation: Company Snapshot
Figure 35 Eaton Corporation: SWOT Analysis
Figure 36 Siemens AG: Company Snapshot
Figure 37 Siemens AG: SWOT Analysis
Figure 38 Baoguang : Company Snapshot
Figure 39 Crompton Greaves Limited: Company Snapshot
Figure 40 LS Industrial System : Company Snapshot
Figure 41 Meidensha Corporation: Company Snapshot
Figure 42 Chengdu Xuguang Electronics Co., Ltd. : Company Snapshot
Figure 43 Mitsubishi Electric Corporation : Company Snapshot
Figure 44 Mitsubishi Electric Corporation : SWOT Analysis

A vacuum interrupter (VI) is an electronic device that is primarily used to cut out the current arc to prevent the occurrence of accidents and equipment damage. VIs are installed in circuit breakers, switchgears, load break switches, and so on as a key component for interrupting and extinguishing electric current arc.

The global Vacuum Interrupter Market size is estimated to reach USD 2,052.6 Million by 2020 from USD 1,536.7 Million in 2015. The market is expected to grow at a CAGR of 6.0% during the forecast period. The main drivers propelling the growth are refurbishment of the aging and old power infrastructure in the countries like U.S. and Canada, growing environmental norms which gives vacuum interrupter a leading edge as compared to its alternatives like SF6, and oil.

The Asia-Pacific region holds a majority of market share owing to urbanization and significant development of the power infrastructure increasing the electrification rate in countries in Asia-Pacific, followed Europe and North America. In terms of individual countries, the U.S., India and China show high growth potential. This growth can be attributed to the increasing demand for reliable power and investments for replacing aging T&D infrastructure in the U.S. and progressive economic growth of China.
The reports also details about the various applications in which the Vis are used like circuit breakers, contactors, load break switches, reclosers, and tap changers. The major market share is held by contactors, followed by the circuit breakers. The growing need for the fast switching devices in the power industry would lead to the development and advancement of the market.

Amongst the end-users, utilities sector is estimated to hold the major market share owing to increasing installation of power infrastructure. North American region is currently focussing on grid modernization and replacement of existing power infrastructure. Utilities was followed by oil & gas which finds the applications in the various equipment like circuit breakers, contactors, tap changers. These finds their installation in the various equipment like motors, transformers and capacitors.

Vacuum Interrupter Market

In terms of growth strategies, market players have mainly been forming partnerships and grabbing contracts & agreements in order to expand as well as strengthen their market foothold. Contracts & agreements is the most commonly adopted strategy that is followed by new product launches, and mergers & acquisitions. This shows a mix of both organic and inorganic growth strategies.

Leading players in the industry, based on their recent developments and other strategic industrial activities, include ABB Ltd. (Switzerland), Siemens AG (Germany), Shaanxi Baoguang Vacuum Electric Device Co., Ltd. (China), LS Industries (South Korea), Toshiba (Japan), Wuhan Feite Electronic Co. Ltd. (China) and Eaton Corporation (Ireland).

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