Vacuum Interrupter Market

Vacuum Interrupter Market by Application (Circuit Breaker, Contactor, Recloser, Load Break Switch, & Tap Changer), End User (Oil & Gas, Mining, Utilities & Transportation), Rated Voltage and Region - Global Forecast to 2024

Report Code: EP 3810 Apr, 2019, by marketsandmarkets.com

[162 Pages Report] The global vacuum interrupter market is projected to reach USD 3.6 billion by 2024 from an estimated USD 2.6 billion in 2019, at a CAGR of 6.49% during the forecast period. This growth can be attributed to factors such as upgradation and modernization of aging infrastructure for safe and secure electrical distribution systems, expansion of transmission & distribution networks, and increasing rate of industrialization and urbanization.

Vacuum Interrupter Market

The circuit breaker segment is expected to be the fastest growing market from 2019 to 2024

The circuit breaker segment, by application, is estimated to be the largest market, at a CAGR of 7.91% during the forecast period. The recloser segment is expected to be the fastest growing segment during the forecast period, at a CAGR of 8.72% during the forecast period. Positive economic outlook and growing manufacturing industries in developing countries, infrastructure development, and urbanization are the major factors driving the growth of the circuit breaker segment. Consecutively, effective transmission & distribution channels and refurbishment of the existing distribution networks with modernized protective devices demand the use of reclosers to protect the distribution networks. Consequently, with the increase in the installation of reclosers and such equipment, the vacuum interrupter market is expected to be boosted in the forecast period.

The utilities segment, by end-user, is expected to be the largest market from 2019 to 2024

The utilities segment is expected to hold the largest market share and be the fastest growing segment during the forecast period. It primarily covers industries oriented toward power generation and transmission & distribution process. The advent of new electrical gadgets and the endless need for electricity and utility services are driving this segment in the forecast period.

Vacuum Interrupter Market

Asia Pacific: The leading vacuum interrupter market

The Asia Pacific region is projected to be the largest vacuum interrupter market by 2024. Countries such as China, India, Japan, and South Korea are among the major countries considered as the main manufacturing hub for vacuum interrupters. Over the past few years, this region has witnessed rapid economic development.

According to a 2017 report by the World Economic and Financial Surveys, the growth momentum in the largest economies in Asia Pacific is expected to remain quite strong, reflecting the policy stimulus in China and Japan, which, in turn, is benefiting other economies in Asia. The rapid increase in economic growth would lead to an increase in the demand for power. This would necessitate greater investments in the power generation infrastructure. Additionally, the rise in investments in smart grid technologies, which include distribution grid automation, smart meters, and demand response systems in countries such as Japan, South Korea, and Australia, would create growth opportunities for the vacuum interrupter market in the forecast period.

Recent Developments

  • In September 2018, ABB supplied High-Voltage Direct Current (HVDC) converter stations in Tajikistan and Pakistan. The project was a part of a World Bank supported order to be executed as a consortium project with Spanish Engineering, Procurement, Construction (EPC) company, Cobra. Cobra was responsible for the construction and installation of the associated substations.
  • In September 2018, Siemens AG started its manufacturing unit in Queensland, Australia to cater to the growing global demand for Fusesaver. Fusesaver is a product that helps in eliminating up to 80% of the sustained electricity outages in rural power networks.
  • In February 2018, Mitsubishi Corporation completed the construction of an integrated automation factory with the e-F@ctory concept. The factory produced products such as vacuum interrupters and circuit breakers by deploying the integrated automation, which is based on IoT technologies for achieving high efficiency, productivity, and minimizing cost.
  • In January 2018, under the 'Make in India' initiative, ABB opened a factory in Nashik (India) for manufacturing power distribution products. The products exported by the factory are outdoor products for substations such as tank circuit breaker, auto reclosers, and gas-insulated switchgear.
  • In March 2019, Eaton partnered with Electric Power Research Institute to provide new energy management, smart, and secure circuit breakers for generation energy grid.

Key Questions Addressed by the Report

  • The report identifies and addresses the key markets for vacuum interrupters, which would help various stakeholders such as utilities, oil & gas industry, mining industry, and key players from the transportation sector to review the growth in demand.
  • The report helps the vacuum interrupter manufacturers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.
  • The report would help the key players understand the strategies of their competitors better and help them in making better strategic decisions.  
  • The report addresses the market share analysis of the key players in the vacuum interrupter market, and with the help of the strategies adopted by these companies, one can successfully enhance their revenues in the respective market.
  • The report provides insights about the emerging geographies for vacuum interrupters, and the entire market ecosystem can gain competitive advantage from such insights.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Definition
    1.3 Market Scope
           1.3.1 Market Segmentation
           1.3.2 Regional Scope
    1.4 Years Considered for the Study
    1.5 Currency
    1.6 Limitation
    1.7 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Market Size Estimation
           2.1.1 Demand-Side Analysis
                    2.1.1.1 Assumptions
           2.1.2 Supply-Side Analysis
                    2.1.2.1 Assumptions
                    2.1.2.2 Calculation
           2.1.3 Forecast
    2.2 Some of the Insights of Industry Experts

3 Executive Summary (Page No. - 24)

4 Premium Insights (Page No. - 28)
    4.1 Attractive Opportunities in the Vacuum Interrupter Market
    4.2 Vacuum Interrupter Market, By Region
    4.3 Vacuum Interrupter Market, By Rated Voltage
    4.4 Vacuum Interrupter Market, By Application
    4.5 Vacuum Interrupter Market, By End-User

5 Market Overview (Page No. - 31)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Upgrade & Modernization of Aging Infrastructure for Safe & Secure Electrical Distribution Systems
                    5.2.1.2 Expansion of Transmission & Distribution Networks
                    5.2.1.3 Increasing Rate of Industrialization & Urbanization
           5.2.2 Restraints
                    5.2.2.1 Risks Associated With Device Malfunction
                    5.2.2.2 Lack of Existing Government Policies Specific to Vacuum Interrupters
           5.2.3 Opportunities
                    5.2.3.1 Increasing Investments in Smart Grid & Power Distribution in Developing Regions
                    5.2.3.2 Demand for Uninterrupted Power Supply From Utilities
                    5.2.3.3 Increase in the Use of Renewable Energy
           5.2.4 Challenges
                    5.2.4.1 Availability of Cheap & Inferior Quality Products
                    5.2.4.2 Availability of Various Alternative Technologies in the Segment

6 Vacuum Interrupter Market, By End-User (Page No. - 38)
    6.1 Introduction
    6.2 Utilities
           6.2.1 Asia Pacific is Expected to Hold the Largest Market Share By 2024
    6.3 Oil & Gas
           6.3.1 Aging of Offshore Infrastructure, Leading to Replacement and Decommissions, is an Opportunity for This Market
    6.4 Mining Sector
           6.4.1 China is Expected to Dominate the Global Coal Mining Industry During the Forecast Period
    6.5 Transportation Sector
           6.5.1 Emergence of Rapid Transport Systems in the Locomotive Industry is Expected to Drive the Vacuum Interrupter Market
    6.6 Others
           6.6.1 Rapid Urbanization and Industralization are Fueling the Growth of This Sector

7 Vacuum Interrupter Market, By Application (Page No. - 45)
    7.1 Introduction
    7.2 Circuit Breaker
           7.2.1 Growing Concern for Safety in Electrical, Electronic, Telecommunication, and Automotive Equipment is Expected to Drive the Market
    7.3 Load Break Switch
           7.3.1 Load Break Switch is Expected to Find the Maximum Usage in the Oil & Gas and Mining Sector
    7.4 Recloser
           7.4.1 Automation System and Smart Grid Projects are the Major Drivers of the Recloser Market
    7.5 Contactor
           7.5.1 Growth in AC and HVAC Systems is Expected to Boost the Vacuum Interrupter Market
    7.6 Tap Changer
           7.6.1 Rise in Electrification Projects is Expected to Drive the Vacuum Interrupter Market
    7.7 Others
           7.7.1 Increasing Installation of Vacuum Interrupters in Dc Applications and Traction Systems

8 Vacuum Interrupter Market, By Rated Voltage (Page No. - 54)
    8.1 Introduction
    8.2 0–15 kV
           8.2.1 Increasing Investments in the Utilities and Oil & Gas Segment are Expected to Drive the Market During the Forecast Period
    8.3 15–30 kV
           8.3.1 Increasing Investments in Railways, Renewable Energy is Driving This Segment
    8.4 Above 30 kV
           8.4.1 Growth of Heavy Industries is Expected to Drive the Market During the Forecast Period

9 Vacuum Interrupter Market, By Region (Page No. - 59)
    9.1 Introduction
    9.2 Asia Pacific
           9.2.1 China
                    9.2.1.1 Increasing Investment in Grid Expansion
           9.2.2 India
                    9.2.2.1 Rising Investments in Energy Efficiency Services
           9.2.3 Japan
                    9.2.3.1 Focus in Reducing Power Dependence From Nuclear Sources After Fukushima Accident
           9.2.4 South Korea
                    9.2.4.1 Infrastructural Developments are Expected to Drive the Market During the Forecast Period
           9.2.5 Rest of Asia Pacific
    9.3 North America
           9.3.1 US
                    9.3.1.1 Major Investments By Power Utilities is Expected to Propel the Market During the Forecast Period
           9.3.2 Canada
                    9.3.2.1 Huge Investments in Renewable Energy, Replacement of Aging Power Equipments
           9.3.3 Mexico
                    9.3.3.1 Increased Focus to Reduce Greenhouse Gas Emissions
    9.4 Europe
           9.4.1 Germany
                    9.4.1.1 Increase in Smart Grid Projects
           9.4.2 Italy
                    9.4.2.1 Investments to Upgrade Power Distribution Infrastructure is Expected to Boost the Market for Vacuum Interrupter
           9.4.3 Russia
                    9.4.3.1 Increasing Focus on Clean Energy Electricity Production and Rising Government Incentives in Energy Sector
           9.4.4 UK
                    9.4.4.1 Feed in Tariff for Large-Scale Installations of Renewable Electricity Generation Projects
           9.4.5 France
                    9.4.5.1 Supporting Governmental Policies
           9.4.6 Rest of Europe
    9.5 South America
           9.5.1 Brazil
                    9.5.1.1 Increasing Dependence on Hydroelectric Power Source
           9.5.2 Argentina
                    9.5.2.1 Government Initiatives Toward Energy Efficiency Through National Programs Will Boost the Market During the Forecast Period
           9.5.3 Chile
                    9.5.3.1 Rising Investments in Infrastructure and Energy-Efficiency Sectors
           9.5.4 Rest of South America
    9.6 Middle East
           9.6.1 United Arab Emirates (UAE)
                    9.6.1.1 Investment in Grid Expansion
           9.6.2 Saudi Arabia
                    9.6.2.1 Growth in Construction Sector
           9.6.3 Kuwait
                    9.6.3.1 New Distribution Projects Ae Expected to Drive Demand of Vacuum Interrupters
           9.6.4 Rest of Middle East
    9.7 Africa
           9.7.1 South Africa
                    9.7.1.1 Infrastructure Investment and Increasing Private Domestic Demand is Expected to Drive the Market
           9.7.2 Algeria
                    9.7.2.1 Government Initiatives to Boost the Electricity Production & Distribution in the Country
           9.7.3 Nigeria
                    9.7.3.1 Investment in Small Scale Residential Power Generation Projects From Solar Energy Sources Drives the Market
           9.7.4 Rest of Africa

10 Competitive Landscape (Page No. - 111)
     10.1 Overview
     10.2 Ranking of Players
     10.3 Competitive Landscape Mapping, 2018
     10.4 Competitive Scenario
             10.4.1 New Product Developments
             10.4.2 Expansions & Investments
             10.4.3 Contracts & Agreements, Partnerships, & Alliances
             10.4.4 Mergers & Acquisitions, Partnerships, & Collobarations

11 Company Profile (Page No. - 117)
(Business Overview, Products Offered, Recent Developments, MnM View)*
     11.1 ABB
     11.2 Eaton
     11.3 Siemens AG
     11.4 Crompton Greaves Limited
     11.5 LS Industrial Systems
     11.6 Shaanxi Baoguang Vacuum Electric Device Co. Ltd.
     11.7 Meidensha Corporation
     11.8 Mitsubishi Electric Corporation
     11.9 Toshiba Corporation
     11.10 Actom
     11.11 Wuhan Feite Electric Co., Ltd.
     11.12 Chengdu Xuguang Electronics Co., Ltd.
     11.13 Shaanzi Joyelectric International Co., Ltd.

*Details on Business Overview, Products Offered, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 155)
     12.1 Insights of Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.4 Available Customizations
     12.5 Related Reports
     12.6 Author Details


List of Tables (98 Tables)

Table 1 Global Vacuum Interrupter Market Snapshot
Table 2 Vacuum Interrupter Market Size, By End-User, 2017–2024 (USD Million)
Table 3 Utilities: Vacuum Interrupter Market Size, By Region, 2017–2024 (USD Million)
Table 4 Oil & Gas: Vacuum Interrupter Market Size, By Region, 2017–2024 (USD Million)
Table 5 Mining: Vacuum Interrupter Market Size, By Region, 2017–2024 (USD Million)
Table 6 Transportation: Vacuum Interrupter Market Size, By Region, 2017–2024 (USD Million)
Table 7 Others: Vacuum Interrupter Market Size, By Region, 2017–2024 (USD Million)
Table 8 Vacuum Interrupter Market Size, By Application, 2017–2024 (USD Million)
Table 9 Categorical Investment in Energy, By Region, 2017 (USD Million)
Table 10 Categorical Investment in Energy, By Region, 2017 (USD Million)
Table 11 Circuit Breaker: Vacuum Interrupter Market Size, By Region, 2017–2024 (USD Million)
Table 12 Load Break Switch: Vacuum Interrupter Market Size, By Region, 2017–2024 (USD Million)
Table 13 Recloser: Vacuum Interrupter Market Size, By Region, 2017–2024 (USD Million)
Table 14 Contactor: Vacuum Interrupter Market Size, By Region, 2017–2024 (USD Million)
Table 15 Tap Changer: Vacuum Interrupter Market Size, By Region, 2017–2024 (USD Million)
Table 16 Others: Vacuum Interrupter Market Size, By Region, 2017–2024 (USD Million)
Table 17 Global Vacuum Interrupter Market Size, By Rated Voltage, 2017–2024 (USD Million)
Table 18 0–15 kV: Vacuum Interrupter Market Size, By Region, 2017–2024 (USD Million)
Table 19 15–30 kV: Vacuum Interrupter Market Size, By Region, 2017–2024 (USD Million)
Table 20 Above 30 kV: Vacuum Interrupter Market Size, By Region, 2017–2024 (USD Million)
Table 21 Vacuum Interrupter Market Size, By Region, 2017–2024 (USD Million)
Table 22 Asia Pacific: Vacuum Interrupter Market Size, By Rated Voltage, 2017–2024 (USD Million)
Table 23 Asia Pacific: Vacuum Interrupter Market Size, By End-User, 2017–2024 (USD Million)
Table 24 Asia Pacific: Vacuum Interrupter Market Size, By Application, 2017–2024 (USD Million)
Table 25 Asia Pacific: Vacuum Interrupter Market Size, By Country, 2017–2024 (USD Million)
Table 26 China: Vacuum Interrupter Market Size, By End-User, 2017–2024 (USD Million)
Table 27 China: Vacuum Interrupter Market Size, By Application, 2017–2024 (USD Million)
Table 28 India: Vacuum Interrupter Market Size, By End-User, 2017–2024 (USD Million)
Table 29 India: Vacuum Interrupter Market Size, By Application, 2017–2024 (USD Million)
Table 30 Japan: Vacuum Interrupter Market Size, By End-User, 2017–2024 (USD Million)
Table 31 Japan: Vacuum Interrupter Market Size, By Application, 2017–2024 (USD Million)
Table 32 South Korea: Vacuum Interrupter Market Size, By End-User, 2017–2024 (USD Million)
Table 33 South Korea: Vacuum Interrupter Market Size, By Application, 2017–2024 (USD Million)
Table 34 Rest of Asia Pacific: Vacuum Interrupter Market Size, By End-User, 2017–2024 (USD Million)
Table 35 Rest of Asia Pacific: Vacuum Interrupter Market Size, By Application, 2017–2024 (USD Million)
Table 36 North America: Vacuum Interrupter Market Size, By Country, 2017–2024 (USD Million)
Table 37 North America: Vacuum Interrupter Market Size, By Rated Voltage, 2017–2024 (USD Million)
Table 38 North America: Vacuum Interrupter Market Size, By Application, 2017–2024 (USD Million)
Table 39 North America: Vacuum Interrupter Market Size, By End-User, 2017–2024 (USD Million)
Table 40 US: Vacuum Interrupter Market Size, By End-User, 2017–2024 (USD Million)
Table 41 US: Vacuum Interrupter Market Size, By Application, 2017–2024 (USD Million)
Table 42 Canada: Vacuum Interrupter Market Size, By End-User, 2017–2024 (USD Million)
Table 43 Canada: Vacuum Interrupter Market Size, By Application, 2017–2024 (USD Million)
Table 44 Mexico: Vacuum Interrupter Market Size, By End-User, 2017–2024 (USD Million)
Table 45 Mexico: Vacuum Interrupter Market Size, By Application, 2017–2024 (USD Million)
Table 46 Europe: Vacuum Interrupter Market Size, By Country, 2017–2024 (USD Million)
Table 47 Europe: Vacuum Interrupter Market Size, By Rated Voltage, 2017–2024 (USD Million)
Table 48 Europe: Vacuum Interrupter Market Size, By Application, 2017–2024 (USD Million)
Table 49 Europe: Vacuum Interrupter Market Size, By End-User, 2017–2024 (USD Million)
Table 50 Germany: Vacuum Interrupter Market Size, By End-User, 2017–2024 (USD Million)
Table 51 Germany: Vacuum Interrupter Market Size, By Application, 2017–2024 (USD Million)
Table 52 Italy: Vacuum Interrupter Market Size, By End-User, 2017–2024 (USD Million)
Table 53 Italy: Vacuum Interrupter Market Size, By Application, 2017–2024 (USD Million)
Table 54 Russia Vacuum Interrupter Market Size, By End-User, 2017–2024 (USD Million)
Table 55 Russia Vacuum Interrupter Market Size, By Application, 2017–2024 (USD Million)
Table 56 UK: Vacuum Interrupter Market Size, By End-User, 2017–2024 (USD Million)
Table 57 UK: Vacuum Interrupter Market Size, By Application, 2017–2024 (USD Million)
Table 58 France: Vacuum Interrupter Market Size, By End-User, 2017–2024 (USD Million)
Table 59 France: Vacuum Interrupter Market Size, By Application, 2017–2024 (USD Million)
Table 60 Rest of Europe: Vacuum Interrupter Market Size, By End-User, 2017–2024 (USD Million)
Table 61 Rest of Europe: Vacuum Interrupter Market Size, By Application, 2017–2024 (USD Million)
Table 62 South America: Vacuum Interrupter Market Size, By Country, 2017–2024 (USD Million)
Table 63 South America: Vacuum Interrupter Market Size, By Rated Voltage, 2017–2024 (USD Million)
Table 64 South America: Vacuum Interrupter Market Size, By Application, 2017–2024 (USD Million)
Table 65 South America: Vacuum Interrupter Market Size, By End-User, 2017–2024 (USD Million)
Table 66 Brazil: Vacuum Interrupter Market Size, By End-User, 2017–2024 (USD Million)
Table 67 Brazil: Vacuum Interrupter Market Size, By Application, 2017–2024 (USD Million)
Table 68 Argentina: Vacuum Interrupter Market Size, By End-User, 2017–2024 (USD Million)
Table 69 Argentina: Vacuum Interrupter Market Size, By Application, 2017–2024 (USD Million)
Table 70 Chile: Vacuum Interrupter Market Size, By End-User, 2017–2024 (USD Million)
Table 71 Chile: Vacuum Interrupter Market Size, By Application, 2017–2024 (USD Million)
Table 72 Rest of South America: Vacuum Interrupter Market Size, By End-User, 2017–2024 (USD Million)
Table 73 Rest of South America: Vacuum Interrupter Market Size, By Application, 2017–2024 (USD Million)
Table 74 Middle East: Vacuum Interrupter Market Size, By Rated Voltage, 2017–2024 (USD Million)
Table 75 Middle East: Vacuum Interrupter Market Size, By End-User, 2017–2024 (USD Million)
Table 76 Middle East: Vacuum Interrupter Market Size, By Application, 2017–2024 (USD Million)
Table 77 Middle East: Vacuum Interrupter Market Size, By Country, 2017–2024 (USD Million)
Table 78 UAE: Vacuum Interrupter Market Size, By End-User, 2017–2024 (USD Million)
Table 79 UAE: Vacuum Interrupter Market Size, By Application, 2017–2024 (USD Million)
Table 80 Saudi Arabia: Vacuum Interrupter Market Size, By End-User, 2017–2024 (USD Million)
Table 81 Saudi Arabia : Vacuum Interrupter Market Size, By Application, 2017–2024 (USD Million)
Table 82 Kuwait : Vacuum Interrupter Market Size, By End-User, 2017–2024 (USD Million)
Table 83 Kuwait : Vacuum Interrupter Market Size, By Application, 2017–2024 (USD Million)
Table 84 Rest of Middle East: Vacuum Interrupter Market Size, By End-User, 2017–2024 (USD Million)
Table 85 Rest of Middle East: Vacuum Interrupter Market Size, By Application, 2017–2024 (USD Million)
Table 86 Africa: Vacuum Interrupter Market Size, By Rated Voltage, 2017–2024 (USD Million)
Table 87 Africa: Vacuum Interrupter Market Size, By End-User, 2017–2024 (USD Million)
Table 88 Africa: Vacuum Interrupter Market Size, By Application, 2017–2024 (USD Million)
Table 89 Africa: Vacuum Interrupter Market Size, By Country, 2017–2024 (USD Million)
Table 90 South Africa: Vacuum Interrupter Market Size, By End-User, 2017–2024 (USD Million)
Table 91 South Africa: Vacuum Interrupter Market Size, By Application, 2017–2024 (USD Million)
Table 92 Algeria: Vacuum Interrupter Market Size, By End-User, 2019–2024 (USD Million)
Table 93 Algeria: Vacuum Interrupter Market Size, By Application, 2017–2024 (USD Million)
Table 94 Nigeria: Vacuum Interrupter Market Size, By End-User, 2017–2024 (USD Million)
Table 95 Nigeria: Vacuum Interrupter Market Size, By Application, 2017–2024 (USD Million)
Table 96 Other Countries in Africa: Vacuum Interrupter Market Size, By End-User, 2017–2024 (USD Million)
Table 97 Other Countries in Africa: Vacuum Interrupter Market Size, By Application, 2019–2024 (USD Million)
Table 98 Developments of Key Players in the Market, January 2016–March 2019


List of Figures (33 Figures)

Figure 1 Installed Capacity of Key End-User Industries and Transmission & Distribution Investments are the Determining Factors for the Global Vacuum Interrupter Market
Figure 2 Asia Pacific Dominated the Vacuum Interrupter Market in 2018
Figure 3 Circuit Breaker Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 4 Utilities Segment is Expected to Lead the Vacuum Interrupter Market During the Forecast Period
Figure 5 15–30 kV Rated Voltage Segment is Expected to Lead the Vacuum Interrupter Market During the Forecast Period
Figure 6 Upgrade & Modernization of Aging Infrastructure is Expected to Drive the Vacuum Interrupter Market
Figure 7 Asia Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 8 15–30 kV Rated Voltage Segment Dominated the Vacuum Interrupter Market in 2018
Figure 9 Circuit Breaker Segment is Expected to Dominate the Vacuum Interrupter Market During the Forecast Period
Figure 10 Utilities Segment Dominated the Vacuum Interrupter Market, By End-User, in 2018
Figure 11 Vacuum Interrupter Market: Drivers, Restraints, Opportunities, & Challenges
Figure 12 Year-On-Year (Y-O-Y) Global Number of Power Outages
Figure 13 Annual Investment in Transmission (In Billion USD/Year)
Figure 14 Investments in Smart Distribution Networks, By Country (In Billion USD)
Figure 15 Projected Share of Renewables in Electricity, Heat, and Transport, 2017–2023 (%)
Figure 16 Vacuum Interrupter Market Size, By End-User (2018)
Figure 17 Vacuum Interrupter Market Share, By Application, 2018
Figure 18 Global Vacuum Interrupter Market, By Rated Voltage, 2019–2024 (USD Million)
Figure 19 Regional Snapshot: Asia Pacific Vacuum Interrupter Market is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 20 Vacuum Interrupter Market Size, By Region, 2019–2024
Figure 21 Asia Pacific: Regional Snapshot
Figure 22 North America: Regional Snapshot
Figure 23 Key Developments in the Vacuum Interrupter Market, January 2016–March 2019
Figure 24 Ranking of Key Players & Industry Concentration, 2018
Figure 25 Vacuum Interrupter Market (Global) Competitive Landscape Mapping, 2018
Figure 26 ABB: Company Snapshot
Figure 27 Eaton: Company Snapshot
Figure 28 Siemens AG: Company Snapshot
Figure 29 Crompton Greaves Limited: Company Snapshot
Figure 30 Shaanxi Baoguang Vacuum Electric Device Co. Ltd.: Company Snapshot
Figure 31 Meidensha Corporation: Company Snapshot
Figure 32 Mitsubishi Electric Corporation: Company Snapshot
Figure 33 Toshiba Corporation: Company Snapshot

This study involved 4 major activities in estimating the current market size of the vacuum interrupter market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and market sizing with industry experts across the value chain through rigorous primary research. Both top-down and bottom-up approaches were used to estimate the total market size. Thereafter, the market breakdown and data triangulation technique was undertaken to estimate the market size of the segments and corresponding subsegments.

Secondary Research

This research study involved the use of extensive secondary sources, directories, and databases such as T&D World, Bloomberg Business Week, Factiva, and, world oil and gas journal, to identify and collect information useful for a technical, market oriented, and commercial study of the vacuum interrupter market. The other secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases. 

Primary Research

The vacuum interrupter market comprises several stakeholders such as coal and oil & gas trading companies; transmission & distribution companies in the sector; electrical equipment manufacturing companies; medium and low voltage component assemblers; organizations, forums and alliances; state and national regulatory authorities; and electrical system designers, owners, and operators. The demand side of this market is characterized by its applications such as circuit breakers, contactors, reclosers, load break switches, tap changers, and others. The others segment includes vacuum interrupters used in DC applications and traction in the transportation systems. The supply side is characterized by organizations manufacturing vacuum interrupters and the equipment in which the vacuum interrupters are installed. A few of such companies are ABB, Siemens, Eaton, LS Industries, Wuhan Feite Electric Company, Meidensha Electricals, Toshiba Electrical Company. Various primary sources, from both the supply and demand sides of the market, were interviewed to obtain qualitative and quantitative information. The breakdown of primary respondents is as follows:

Vacuum Interrupter Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the size of the global vacuum interrupter market and its dependent submarkets. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and market have been identified through extensive secondary research, and their market share in the respective regions have been determined through both primary and secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in utilities, oil and gas, mining, transportation, and other sectors.

Report Objectives

  • To define, describe, and forecast the global vacuum interrupter market by end-user, application, rated voltage, and region
  • To provide detailed information on the major factors influencing the growth of the vacuum interrupter market (drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically analyze the vacuum interrupter market with respect to individual growth trends, prospects, and contribution of each segment to the market
  • To analyze the market opportunities for stakeholders and details of the competitive landscape for market leaders
  • To forecast the growth of the vacuum interrupter market with respect to the major regions (Asia Pacific, Europe, North America, South America, Middle East, and Africa)
  • To strategically profile key players and comprehensively analyze their market ranking and core competencies
  • To track and analyze the competitive developments such as contracts & agreements, expansions, new product developments, mergers & acquisitions, and partnerships in the vacuum interrupter market

Scope of the Report

Report Metric

Details

Market size available for years

2017–2024

Base year considered

2018

Forecast period

2019–2024

Forecast units

Value (USD)

Segments covered

End-user, application, rated voltage, and region

Geographies covered

Asia Pacific, North America, Europe, the Middle East, Africa, and South America

Companies covered

ABB (Switzerland), Eaton (US), Siemens AG (Germany), Crompton Greaves Limited (India), LS Industrial System (South Korea), Shaanxi Baoguang Vacuum Electric Device Company Limited (China), Meidensha Corporation (China), Mitsubishi Electric Corporation (Japan), Toshiba Corporation (Japan), ACTOM (South Africa), Wuhan Feite Electric Company Limited (China), Chengdu Zuguang Electronics Company Limited (China), and Shaanxi Joyelectric International Company Limited (China)

This research report categorizes the vacuum interrupter market based on end-user, application, rated voltage, and region.

On the basis of End-user, the vacuum interrupter market has been segmented as follows:

  • Utilities
  • Oil & Gas
  • Mining
  • Transportation
  • Others (Others includes commercial establishments such as social & educational institutions, hospitals, storage facilities, hotels, and shopping complexes)

On the basis of Application, the vacuum interrupter market has been segmented as follows:

  • Circuit Breaker
  • Contactor
  • Recloser
  • Load Break Switch
  • Tap Changer
  • Others (Others include vacuum interrupters used in DC applications and traction in the transportation systems)

On the basis of Rated Voltage, the vacuum interrupter market has been segmented as follows:

  • 0–15 kV
  • 15–30 kV
  • Above 30 kV

On the basis of Region, the vacuum interrupter market has been segmented as follows:

  • Asia Pacific
  • North America
  • Europe
  • Middle East
  • South America
  • Africa

Available Customizations:

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Regional Analysis

  • Further breakdown of the region or country-specific analysis

Company Information

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Report Code
EP 3810
Published ON
Apr, 2019
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