Vacuum Interrupter Market

Global Vacuum Interrupter Market by Types (Low Voltage, Medium Voltage, and High Voltage), Applications (Circuit Breaker, Contactors, Load Break Switches, Reclosers, and Others), Sales Channels (Direct and Indirect), and Regions (North America, Europe, Asia Pacific, and Rest of the World)

  • Report ID: MC-2468
  • Author: Growth Market Reports
  • Rating: 4.9
  • Total Reviews: 2
  • No. Of Pages: 260
  • Format:
  • Pub. Date: 24-10-2021
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Market Outlook:

The global Vacuum Interrupter market was valued at USD 2,324.4 million in 2020 and is projected to reach USD 3,726.4 million by 2028, expanding at a CAGR of 6.6% during the forecast period. 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. 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 Interrupter Market Key Takeaways

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.

Market Dynamics

In the coming years, transportation and other related sectors are expected to increase, especially an increase in electrification. This results in a massive rise in the demand for energy and its generation, necessitating a billion-dollar investment in transmission over the following decade. The electrical transmission and distribution sector is anticipated to attract huge investments. The electric car segment is expected to gain the majority of this investment. In addition to this expenditure, the existing transmission system must be maintained and integrated with electricity generated from renewable sources to meet the current electrical demand. According to a report by Brattle, a trade organization lobbying for transmission investment, the level of investment by 2030 is estimated to be around USD 3–7 billion per year, which is a 20–50 percent increase over the previous decade. This is expected to be driven by two major factors: connecting renewables to the grid and maintaining system reliability as peak load increases.

Increasing pace of industrialization and urbanization is one of the primary factors driving the vacuum interrupter market. Need for vacuum interrupters is supported by the construction of new infrastructure as well as the modernization of old electric systems in buildings. Another factor driving this industry is the progressive transition of the interrupter market from gas insulation interrupters to gas-free insulators as a result of rules limiting the discharge of greenhouse gases into the atmosphere. As a result, end-user companies began replacing outdated versions with new versions. Interrupters cut down on power waste and costs associated with energy loss during transmission.

Several emerging countries in Asia Pacific are planning to install a large number of vacuum interrupters in the near future. In these countries, cost takes precedence above quality. Pricing of electrical products is given special attention in major countries such as Bangladesh, Bhutan, Sri Lanka, and India. Vacuum interrupters of good quality are projected to last for roughly 30 years. However, as the price of a product falls, so does the quality of the product. Local manufacturers face the same challenges as global businesses in this region. Grey market players have pricing competitiveness and a local supply network advantage over big competitors, which is tough for key players to obtain. As a result, the vacuum interrupter business faces a challenge from the grey market.

Increasing number of strategies such as mergers & acquisitions, agreements, partnerships, and product launches among companies to establish themselves as providers of vacuum interrupters is anticipated to create lucrative opportunities in the market in the near future. Rising adoption of various strategies by market players to increase their presence and share in the market is expected to create growth opportunities in the market.

Segmental Outlook

By Type Segment

Based on types, the global Vacuum Interrupter market is segmented into low voltage type, medium voltage type, and high voltage type. The medium voltage type segment held a significant share of the market in 2020 and this trend is anticipated to continue during the forecast period. The medium voltage type segment is anticipated to grow at a significant pace due to it’s widely use in switchgear. The supply system is directly connected to the switchgear system. It is installed on the power transformer's high and low voltage sides. It's used to turn off the power to the equipment so that it can be tested and maintained, as well as to clear the fault. The rapid expansion of electrification in remote areas, combined with rising electricity generation, has boosted the demand for various electrical equipment in addition to increased regional government targets for delivering electricity to rural areas, as well as increased investment in various industries, are expected to boost switchgear sales in the coming years. This is expected to drive the growth of the global vacuum interrupter market during the forecast years.

Vacuum Interrupter Market By Type

By Applications Segment

In terms of Applications, the global Vacuum Interrupter market is segmented into circuit breakers, contactors, load break switches, reclosers, others. The circuit breakers segment held a significant share of the market in 2020 and this trend is anticipated to continue during the forecast period. The circuit breaker segment is expected to hold the largest market share due to the general rising manufacturing industries in developing nations, the positive economic outlook, infrastructure development, and urbanization. The recloser segment is expected to grow at the fastest rate during the estimated period due to the refurbishment of existing distribution networks with modernized protection devices.

Vacuum Interrupter Market By Applications

By Sales Channel Segment

On the basis of sales channels, the global vacuum interrupter market is bifurcated into direct and indirect. The direct segment is expected to grow at a significant pace in the coming years due to government incentives, increasing disposable incomes in developing countries, and easy availability of raw materials. The indirect segment is expected to expand at a substantial CAGR. The growing manufacturing and construction industries is expected to boost the market growth.

Region Wise Outlook

On the basis of regions, the market is categorized as North America, Europe, Asia Pacific, Latin America, and Rest of the World. 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.

Vacuum Interrupter Market By Regions

Key Benefits for Industry Participants & Stakeholders

  • In-Depth Analysis of the Vacuum Interrupter Market.
  • Historical, Current and Projected Market Size in Terms of Value.
  • Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
  • Industry Drivers, Restraints and Opportunities Covered in the Study
  • Recent Industry Trends and Developments
  • Competitive Landscape & Strategies of Key Players
  • Neutral Perspective on From Vacuum Interrupter Market Performance
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Vacuum Interrupter Market Overview
   4.1 Introduction
      4.1.1 Market Taxonomy
      4.1.2 Market Definition
      4.1.3 Macro-Economic Factors Impacting the Market Growth
   4.2 Vacuum Interrupter Market Dynamics
      4.2.1 Market Drivers
      4.2.2 Market Restraints
      4.2.3 Market Opportunity
   4.3 Vacuum Interrupter Market - Supply Chain Analysis
      4.3.1 List of Key Suppliers
      4.3.2 List of Key Distributors
      4.3.3 List of Key Consumers
   4.4 Key Forces Shaping the Vacuum Interrupter Market
      4.4.1 Bargaining Power of Suppliers
      4.4.2 Bargaining Power of Buyers
      4.4.3 Threat of Substitution
      4.4.4 Threat of New Entrants
      4.4.5 Competitive Rivalry
   4.5 Global Vacuum Interrupter Market Size & Forecast, 2018-2028
      4.5.1 Vacuum Interrupter Market Size and Y-o-Y Growth
      4.5.2 Vacuum Interrupter Market Absolute $ Opportunity
   4.6 Global Vacuum Interrupter Market - Renewable Energy Market Overview
   4.7 Global Vacuum Interrupter Market - Technology Landscap
   4.8 Global Vacuum Interrupter Market – Regulatory Overview
Chapter 5 Global Vacuum Interrupter Market Analysis and Forecast By Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities By Type
      5.1.2 Basis Point Share (BPS) Analysis By Type
      5.1.3 Absolute $ Opportunity Assessment By Type
   5.2 Vacuum Interrupter Market Size Forecast By Type
      5.2.1 Low Voltage
      5.2.2 Medium Voltage
      5.2.3 High Voltage
   5.3 Market Attractiveness Analysis By Type
Chapter 6 Global Vacuum Interrupter Market Analysis and Forecast By Application
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities By Application
      6.1.2 Basis Point Share (BPS) Analysis By Application
      6.1.3 Absolute $ Opportunity Assessment By Application
   6.2 Vacuum Interrupter Market Size Forecast By Application
      6.2.1 Circuit Breaker
      6.2.2 Contactors
      6.2.3 Load Break Switches
      6.2.4 Reclosers
      6.2.5 Others
   6.3 Market Attractiveness Analysis By Application
Chapter 7 Global Vacuum Interrupter Market Analysis and Forecast By Sales Channel
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities By Sales Channel
      7.1.2 Basis Point Share (BPS) Analysis By Sales Channel
      7.1.3 Absolute $ Opportunity Assessment By Sales Channel
   7.2 Vacuum Interrupter Market Size Forecast By Sales Channel
      7.2.1 Direct
      7.2.2 Indirect
   7.3 Market Attractiveness Analysis By Sales Channel
Chapter 8 Global Vacuum Interrupter Market Analysis and Forecast by Region
   8.1 Introduction
      8.1.1 Key Market Trends & Growth Opportunities by Region
      8.1.2 Basis Point Share (BPS) Analysis by Region
      8.1.3 Absolute $ Opportunity Assessment by Region
   8.2 Vacuum Interrupter Market Size Forecast by Region
      8.2.1 North America
      8.2.2 Europe
      8.2.3 Asia Pacific
      8.2.4 Latin America
      8.2.5 Middle East & Africa (MEA)
   8.3 Market Attractiveness Analysis by Region
Chapter 9 Coronavirus Disease (COVID-19) Impact
   9.1 Introduction
   9.2 Current & Future Impact Analysis
   9.3 Economic Impact Analysis
   9.4 Government Policies
   9.5 Investment Scenario
Chapter 10 North America Vacuum Interrupter Analysis and Forecast
   10.1 Introduction
   10.2 North America Vacuum Interrupter Market Size Forecast by Country
      10.2.1 U.S.
      10.2.2 Canada
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 North America Vacuum Interrupter Market Size Forecast By Type
      10.6.1 Low Voltage
      10.6.2 Medium Voltage
      10.6.3 High Voltage
   10.7 Basis Point Share (BPS) Analysis By Type
   10.8 Absolute $ Opportunity Assessment By Type
   10.9 Market Attractiveness Analysis By Type
   10.10 North America Vacuum Interrupter Market Size Forecast By Application
      10.10.1 Circuit Breaker
      10.10.2 Contactors
      10.10.3 Load Break Switches
      10.10.4 Reclosers
      10.10.5 Others
   10.11 Basis Point Share (BPS) Analysis By Application
   10.12 Absolute $ Opportunity Assessment By Application
   10.13 Market Attractiveness Analysis By Application
   10.14 North America Vacuum Interrupter Market Size Forecast By Sales Channel
      10.14.1 Direct
      10.14.2 Indirect
   10.15 Basis Point Share (BPS) Analysis By Sales Channel
   10.16 Absolute $ Opportunity Assessment By Sales Channel
   10.17 Market Attractiveness Analysis By Sales Channel
Chapter 11 Europe Vacuum Interrupter Analysis and Forecast
   11.1 Introduction
   11.2 Europe Vacuum Interrupter Market Size Forecast by Country
      11.2.1 Germany
      11.2.2 France
      11.2.3 Italy
      11.2.4 U.K.
      11.2.5 Spain
      11.2.6 Russia
      11.2.7 Rest of Europe
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Europe Vacuum Interrupter Market Size Forecast By Type
      11.6.1 Low Voltage
      11.6.2 Medium Voltage
      11.6.3 High Voltage
   11.7 Basis Point Share (BPS) Analysis By Type
   11.8 Absolute $ Opportunity Assessment By Type
   11.9 Market Attractiveness Analysis By Type
   11.10 Europe Vacuum Interrupter Market Size Forecast By Application
      11.10.1 Circuit Breaker
      11.10.2 Contactors
      11.10.3 Load Break Switches
      11.10.4 Reclosers
      11.10.5 Others
   11.11 Basis Point Share (BPS) Analysis By Application
   11.12 Absolute $ Opportunity Assessment By Application
   11.13 Market Attractiveness Analysis By Application
   11.14 Europe Vacuum Interrupter Market Size Forecast By Sales Channel
      11.14.1 Direct
      11.14.2 Indirect
   11.15 Basis Point Share (BPS) Analysis By Sales Channel
   11.16 Absolute $ Opportunity Assessment By Sales Channel
   11.17 Market Attractiveness Analysis By Sales Channel
Chapter 12 Asia Pacific Vacuum Interrupter Analysis and Forecast
   12.1 Introduction
   12.2 Asia Pacific Vacuum Interrupter Market Size Forecast by Country
      12.2.1 China
      12.2.2 Japan
      12.2.3 South Korea
      12.2.4 India
      12.2.5 Australia
      12.2.6 South East Asia (SEA)
      12.2.7 Rest of Asia Pacific (APAC)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Asia Pacific Vacuum Interrupter Market Size Forecast By Type
      12.6.1 Low Voltage
      12.6.2 Medium Voltage
      12.6.3 High Voltage
   12.7 Basis Point Share (BPS) Analysis By Type
   12.8 Absolute $ Opportunity Assessment By Type
   12.9 Market Attractiveness Analysis By Type
   12.10 Asia Pacific Vacuum Interrupter Market Size Forecast By Application
      12.10.1 Circuit Breaker
      12.10.2 Contactors
      12.10.3 Load Break Switches
      12.10.4 Reclosers
      12.10.5 Others
   12.11 Basis Point Share (BPS) Analysis By Application
   12.12 Absolute $ Opportunity Assessment By Application
   12.13 Market Attractiveness Analysis By Application
   12.14 Asia Pacific Vacuum Interrupter Market Size Forecast By Sales Channel
      12.14.1 Direct
      12.14.2 Indirect
   12.15 Basis Point Share (BPS) Analysis By Sales Channel
   12.16 Absolute $ Opportunity Assessment By Sales Channel
   12.17 Market Attractiveness Analysis By Sales Channel
Chapter 13 Latin America Vacuum Interrupter Analysis and Forecast
   13.1 Introduction
   13.2 Latin America Vacuum Interrupter Market Size Forecast by Country
      13.2.1 Brazil
      13.2.2 Mexico
      13.2.3 Rest of Latin America (LATAM)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Latin America Vacuum Interrupter Market Size Forecast By Type
      13.6.1 Low Voltage
      13.6.2 Medium Voltage
      13.6.3 High Voltage
   13.7 Basis Point Share (BPS) Analysis By Type
   13.8 Absolute $ Opportunity Assessment By Type
   13.9 Market Attractiveness Analysis By Type
   13.10 Latin America Vacuum Interrupter Market Size Forecast By Application
      13.10.1 Circuit Breaker
      13.10.2 Contactors
      13.10.3 Load Break Switches
      13.10.4 Reclosers
      13.10.5 Others
   13.11 Basis Point Share (BPS) Analysis By Application
   13.12 Absolute $ Opportunity Assessment By Application
   13.13 Market Attractiveness Analysis By Application
   13.14 Latin America Vacuum Interrupter Market Size Forecast By Sales Channel
      13.14.1 Direct
      13.14.2 Indirect
   13.15 Basis Point Share (BPS) Analysis By Sales Channel
   13.16 Absolute $ Opportunity Assessment By Sales Channel
   13.17 Market Attractiveness Analysis By Sales Channel
Chapter 14 Middle East & Africa (MEA) Vacuum Interrupter Analysis and Forecast
   14.1 Introduction
   14.2 Middle East & Africa (MEA) Vacuum Interrupter Market Size Forecast by Country
      14.2.1 Saudi Arabia
      14.2.2 South Africa
      14.2.3 UAE
      14.2.4 Rest of Middle East & Africa (MEA)
   14.3 Basis Point Share (BPS) Analysis by Country
   14.4 Absolute $ Opportunity Assessment by Country
   14.5 Market Attractiveness Analysis by Country
   14.6 Middle East & Africa (MEA) Vacuum Interrupter Market Size Forecast By Type
      14.6.1 Low Voltage
      14.6.2 Medium Voltage
      14.6.3 High Voltage
   14.7 Basis Point Share (BPS) Analysis By Type
   14.8 Absolute $ Opportunity Assessment By Type
   14.9 Market Attractiveness Analysis By Type
   14.10 Middle East & Africa (MEA) Vacuum Interrupter Market Size Forecast By Application
      14.10.1 Circuit Breaker
      14.10.2 Contactors
      14.10.3 Load Break Switches
      14.10.4 Reclosers
      14.10.5 Others
   14.11 Basis Point Share (BPS) Analysis By Application
   14.12 Absolute $ Opportunity Assessment By Application
   14.13 Market Attractiveness Analysis By Application
   14.14 Middle East & Africa (MEA) Vacuum Interrupter Market Size Forecast By Sales Channel
      14.14.1 Direct
      14.14.2 Indirect
   14.15 Basis Point Share (BPS) Analysis By Sales Channel
   14.16 Absolute $ Opportunity Assessment By Sales Channel
   14.17 Market Attractiveness Analysis By Sales Channel
Chapter 15 Competition Landscape
   15.1 Vacuum Interrupter Market: Competitive Dashboard
   15.2 Global Vacuum Interrupter Market: Market Share Analysis, 2020
   15.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
      15.3.1 Eaton
      15.3.2 Siemens 
      15.3.3 Toshiba Infrastructure Systems & Solutions Corporation
      15.3.4 Mitsubishi Electric Corporation
      15.3.5 MEIDENSHA CORPORATION
      15.3.6 Chengdu Xuguang Electronics Co., Ltd 
      15.3.7 Wuhan Feite Electric Co., Ltd
      15.3.8 Schneider Electric
      15.3.9 CG Power and Industrial Solutions
      15.3.10 SHAANXI JOYELECTRIC INTERNATIONAL CO.,LTD
      15.3.11 Hubbell Incorporated
      15.3.12 YUGUANG TECHNOLOGY CO., LTD
      15.3.13 LS ELECTRIC Co., Ltd.
      15.3.14 Tavrida Electric
      15.3.15 JUCRO electric co., ltd.
      15.3.16 Shaanxi Baoguang Vacuum Electric Device Co.,Ltd
      15.3.17 Kunshan GuoLi Electronic Technology Co., Ltd.
      15.3.18 ABB
      15.3.19 GreenStoneUSA.
      15.3.20 Cleaveland/Price Inc.
Key Segments Covered
By Types
  • Low Voltage
  • Medium Voltage
  • High Voltage
 By Applications
  • Circuit Breakers
  • Contactors
  • Load Break Switches
  • Reclosers
  • Others
By Sales Channels
  • Direct
  • Indirect
Key Market Players Profiled in the Report
  • 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.
  • Cleaveland/Price Inc.
  • Key players in the Vacuum Interrupter market are 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. These companies are considered as key market players of Vacuum Interrupter market, based on their revenue, research & development (R&D) activities in the areas of improving offerings, and regional presence.
  • The players are adopting key strategies such as product development, geographical expansion, mergers and acquisition and many other strategies to cater the increasing demand for Vacuum Interrupter.
 

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FAQ Section

Some frequently asked quetions about this report!

Additional company profiles can be provided on request.

According to this Growth Market Reports, the market from Vacuum Interrupter market is likely to register a CAGR of 6.6% during period 2020-2028.

In addition to market size (in USD Million) and Company Market Share (in % for base year 2020), other data such Regulatory framework, Macro-economic factors, and COVID-19 Impact on the Vacuum Interrupter market is available in final report.

Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.

The Vacuum Interrupter market is anticipated to grow significantly during forecast period due to the expansion of transmission & distribution networks and increasing industrialization & urbanization.

The demand for Vacuum Interrupter from Circuit Breaker, Contactors, Load Break Switches, Reclosers, and Others applications is driving the market growth.

The market is expected to witness sluggish growth with slow increase in terms of demand during 2019-2020 owing to the negative impact of COVID-19 pandemic on the Vacuum Interrupter market.

The base year considered for the Vacuum Interrupter market report is 2020. The complete analysis period is 2018 to 2028, wherein, 2018 & 2019 are the historic years, and the forecast is provided from 2021 to 2028.

Major Manufactures include Eaton, Siemens, Toshiba Infrastructure Systems & Solutions Corporation, Mitsubishi Electric Corporation, and MEIDENSHA CORPORATION.