The "Vacuum Interrupter Market - Forecasts from 2020 to 2025" report has been added to ResearchAndMarkets.com's offering.
The vacuum interrupter market is projected to grow at a CAGR of 5.54% to reach US$2,132.436 million by 2025, from US$1,543.027 million in 2019
Vacuum interrupter is essentially used in utility power transmission systems, power generation units, and power distribution systems across several industries such as railways, industrial plants. It is a vacuum sealed-off device incorporated in a vacuum circuit breaker to cause interruption of fault currents.
A major reason for the growth of this market is the need for vacuum interrupters in the most demanding electrical circuit protection devices to mitigate the possibility of the loss that can be caused by electrical overloads.
They are also used widely in load break switches to connect and disconnect load currents to provide limited load switch capacity. As for the reclosers, they are used to automatically open or close circuits depending upon the overload or fault conditions. These benefits provided by vacuum interrupters are the biggest reason for the growth of this market.
In an attempt to increase the connectivity, the number of railway projects is increasing all over the world, especially in Asian countries like India. As a consequence of the development of these projects, the demand for a circuit breaker is also anticipated to escalate.
The growth of utility, oil & gas, construction, and transportation industries is anticipated to fuel the growth of this market. The use of vacuum circuit breakers is also prevalent in industries such as oil and gas, construction and transportation. As the count of projects undertaken in these sectors is expected to rise over the forecast period, the use of vacuum interrupters will also rise in tandem with these growing industries. Furthermore, the development of transmission and distribution networks is also fuelling the growth of this market. Apart from this, the reduction in wastage of energy and cost during transmission can be avoided. The damage done to human lives and industrial places can be circumvented with this vacuum interrupter. This is the most important reason why people switch to circuit breakers.
The rising need for electricity and power-plants with rapid industrialization is also projected to positively impact the sales of vacuum interrupters.
The demand for electricity is rising at an exponential rate since industrialization and urbanization. According to World Bank, the electric power consumption was 2,732.12 kWh per capita in the year 2006 which has risen to 3,132.15 kWh by the year 2014 and is expected to follow the same trend in the upcoming years. This will boost the use of vacuum interrupter which are used as protective devices to prevent short circuits. Applications of this technology are majorly found in the medium voltage current, though they are also being used in high voltage applications.
Key Topics Covered:
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.4. Industry Value Chain Analysis
5. Vacuum Interrupter Market Analysis, by Application
5.2. Circuit Breaker
5.3. Load Breaker
5.4. Tap Charger
6. Vacuum Interrupter Market Analysis, by Rated Voltage
6.2. 0-15 kV
6.3. 15-30 kV
6.4. Above 30 kV
7. Vacuum Interrupter Market Analysis, by Distribution Channel
7.1. Oil & Gas
7.3. Utilities & Transportation
8. Vacuum Interrupter Market Analysis, by Geography
8.2. North America
8.3. South America
8.5. The Middle East and Africa
8.6. Asia Pacific
9. Competitive Environment and Analysis
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix
10. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/icrx7u
View source version on businesswire.com: https://www.businesswire.com/news/home/20201028005643/en/
Laura Wood, Senior Press Manager
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