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Vacuum Interrupter Market worth 2.05 Billion USD by 2020
The report "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", The market study on vacuum interrupter defines and segments the market with regional forecast and segment revenue estimates through to 2020. Top market players from the industry segment have been studied in order to track developments, technologies, and other key business strategies that define the vacuum interrupter market environment.
Browse 70 market data Tables and 44 Figures spread through 149 Pages and in-depth TOC on "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"
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The vacuum interrupter is used for those applications that require very frequent switching operations, and very high endurance. The global vacuum interrupter market will grow from an estimated value of USD 1.54 Billion in 2015 to USD 2.05 Billion by 2020 with a CAGR of 6.0% from 2015 to 2020.
Asia-Pacific: The largest market for vacuum interrupter
The Asia-Pacific region holds the largest market for vacuum interrupter, driven largely by the number of transmission and distribution line upgradations and developments especially in the South East Asian region. The other major drivers include increasing power demand, industrialization and urbanization, and rapid development in the commercial sector in countries such as China, India, Japan, and South Korea.
Utilities: Biggest market by end-users
Vacuum interrupters are mostly used in power plants, transmission, and distribution substations of power utility companies. With the growing transmission and distribution network across globe, the number of substations will keep on increasing. This increasing number of substations would further increase the use and demand of vacuum contactors, vacuum circuit breakers, load break switches, reclosers and tap changers where interrupters are installed.
The vacuum interrupter industry is fragmented and offers several opportunities for consolidation and growth in efficiency through an increase in economies of scale. The industry has low entry and exit barriers, which acts as a driver for the vacuum interrupter market. The VI market was dominated by 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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