According to a recent market study published by Growth Market Reports, titled, "Global Vacuum Interrupter Market by Types, Applications, Sales Channels, and Regions: Size, Share, Trends and Opportunity Analysis, 2018-2028", the market was valued at USD 2,324.4 million in 2020 and is expected to expand at a CAGR of 6.6% by the year 2028. The global Vacuum Interrupter market is anticipated to grow significantly during forecast period. Expansion of transmission & distribution networks and increasing industrialization & urbanization are some of the factors contributing to market growth.

Global Vacuum Interrupter market has been segmented based on by Types, Applications, Sales Channels, and Regions. In terms of types, the Vacuum Interrupter market is segmented into low voltage, medium voltage, and high voltage. On the basis applications, the market is segmented into circuit breaker, contactors, load break switches, reclosers, and others. Based on sales channels, the market is categorized as direct and indirect. In terms of regions, global Vacuum Interrupter market is segmented as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA).

Vacuum interrupter is an electrical switch used to interrupt the current flow after detecting a fault. It is a type of switch where the bow cooling takes place in a vacuum vehicle. The vacuum switch covers a steel bow chamber in the ceramic hysteresis arranged symmetrically and the pressure inside the chamber is maintained under 0.01 Pascal.

Request a free sample copy @ https://growthmarketreports.com/request-sample/2468

Materials used for current-carrying contacts play an important role in the performance. Alloys such as copper-bismuth or copper-chromium are used to make contacts. It requires less maintenance, is considered as reliable for medium voltage applications, and is used in metal-enclosed switchgear and porcelain-case circuit breakers.

Vacuum interrupters are commonly used in the utility industry. Energy efficiency standards sparked a surge in technological innovations aimed at reducing energy losses in power generation and transmission. In recent years, technological advancements allowed interrupters to be manufactured without the use of sulphur hexafluoride gas, which was previously thought to be necessary. Concerns about carbon emissions and the need to improve energy efficiency prompted manufacturers to look for energy-efficient materials for use in interrupter components.

The vacuum interrupter market is classified, based on the applications for which the interrupters are utilized. Interrupters are used in circuit breakers, load break switches, reclosers, contactors, tap changers, and railway circuit breakers. Interrupters are used for low, medium, or high voltage power lines, depending on the power flow.

As per Growth Market Reports industry analyst Partha Paul “The spread of COVID-19 has had a negative impact on the Vacuum Interrupter market players on many fronts and outside factors, including a temporary fluctuation in consumer demand and potential effects on the Vacuum Interrupter market from an uncertain economic perspective. The COVID-19 outbreak had a substantial impact on the Vacuum Interrupter market, resulting in low sales and low GDP. COVID 19 caused the manufacturing processes of various companies around the world to come to a halt in order to slow the spread of virus.

The economy of numerous countries has been badly hit as a result of COVID 19 and purchasing power of companies is shrinking rapidly, due to slow commercial activity. The coronavirus pandemic revealed supply chain vulnerabilities and emphasized on the complexities of globalized supply chains and the importance of having a stable supply chain to nullify trade barricades. Manufacturers of Vacuum Interrupter are adopting different approaches to build robustness and resilience in supply chains, majorly through mergers & acquisitions. Rapid growth of urbanization aids in expanding several industries such as the manufacturing industry, metal fabrication industry, aerospace industry, automobile industry, construction industry, and electronic industry, which is boosting the demand for Vacuum Interrupter in the coming years.”

Key Takeaways from the Study

  • The market in Asia Pacific is expected to account for a significant share of the global market during the forecast period, due to the presence of major market players in the region. Europe holds the largest market share followed by North America and Asia Pacific.
  • The market in Asia Pacific is projected to expand at a significant CAGR during the forecast period. High growth of the market in Asia Pacific is attributed to increased investments in smart grid technologies and increased demand for power as a result of strong economic growth.
  • The market in countries such as the UK and Germany account for a considerable share of the global market, due to increasing construction projects in the electrification in transportation and other related sectors, along with significant government support by increasing investments in projects, which raises the requirement for vacuum interrupters in the region.

Report Scope

Report Metric

Details

Market Value in 2020

USD 2,324.4 Million

Market Growth Rate (from 2020 to 2027)

6.6%

Historical Data

2018 & 2019

Base Year

2020

Forecast Period

2021 – 2028

Market Segments

Types, Applications, Sales Channels, And Regions.

Region Scope

North America, Europe, Asia Pacific, and Rest of the World

Key Companies Profiled

Eaton, Siemens, Toshiba Infrastructure Systems & Solutions Corporation, Mitsubishi Electric Corporation, MEIDENSHA CORPORATION, Chengdu Xuguang Electronics Co., Ltd, Wuhan Feite Electric Co., Ltd, Schneider Electric, CG Power and Industrial Solutions, SHAANXI JOYELECTRIC INTERNATIONAL CO.,LTD, Hubbell Incorporated, YUGUANG TECHNOLOGY CO., LTD, LS ELECTRIC Co., Ltd., Tavrida Electric, JUCRO electric co., ltd., Shaanxi Baoguang Vacuum Electric Device Co.,Ltd, Kunshan GuoLi Electronic Technology Co., Ltd., ABB, GreenStoneUSA., and Cleaveland/Price Inc.

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Target Audience

  • Demand Side: Construction, Transportation, Electronics & Semiconductors, Industrial/ Metal fabrication, and Others
  • Regulatory Side: Concerned government authorities, commercial research & development (R&D) institutions, and other regulatory bodies.
  • Associations and Industry Bodies: International Organization for Standardization (ISO), International Electrotechnical Commission (IEC), and National Electrical Manufacturers Association (NEMA).