Press release
Vacuum Contactor Market 2019 – 2023 Top Key Players: General Electric, Schneider Electric, ABB, Siemens, Toshiba Corporation, Eaton Corporation, Mitsubishi Electric, Larsen & Toubro, Rockwell Automation and Crompton Greaves
Vacuum Contactor Market
The Global Vacuum Contactor Market is expected to grow at a CAGR of 8.02% From 2018 To 2023. Vacuum Contactor is an electrical device that is used for load breaking through the help of a controlled switch. Vacuum interrupting contacts are enclosed inside a vacuum bottle, which prevents the development of arc when there is a voltage fluctuation. Some of the major applications of vacuum contactors are in motors, transformers, capacitors, reactors, and resistive loads, among others. Many industries such as oil and gas, commercial, mining, utilities, and others require vacuum contactors to protect their expensive equipment.
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Top Key Players
The key players of global vacuum contactor market are General Electric (US), Schneider Electric (France), ABB (Switzerland), Siemens (Germany), Toshiba Corporation (Japan), Eaton Corporation (Ireland), Mitsubishi Electric (Japan), Larsen & Toubro (India), Rockwell Automation (US), and Crompton Greaves (India), among others.
Market Scenario
Vacuum contactor is an electrically controlled switch that is used to make or break an electrical circuit with the help of vacuum interrupter, relay and fuse. This switch is typically used in motor starters, switchgear and control gear of medium voltage fast switching devices motor starters, switchgear and control gear of medium voltage fast switching devices. Vacuum contactors are also widely used in HVAC systems since refrigeration, cooling, and ventilation equipment need an AC motor system. Therefore, robust growth in HVAC systems globally would drive the vacuum contactor market.
Continuous increase in investment and upgradation in process industries, manufacturing industry, commercial, and large residential complexes that use HVAC systems would drive the vacuum contactor market. Counties in Asia present hot climatic conditions along with rise in urbanization which has driven the demand for HVAC products. Additionally, the increasing demand for fast-switching devices is considered to have an equally upshifting effect on the demand for vacuum contactors.
Segmentation
By Voltage Rating
• Less than 5kV
• 5kV to 10kV
• 11kV to 15kV
• More than 15kV
By Application
• Motors
• Transformers
• Capacitors
• Reactors
• Resistive loads
By End-User
• Utilities
• Industrial
• Commercial
• Oil & Gas
• Mining
By Regions
• North America
• Asia-Pacific
• Europe
• Middle East & Africa
• South America
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Brief TOC of Vacuum Contactor Market
1 Executive Summary
2 Market Introduction
2.1 Market Definition
2.2 Scope Of The Study
2.3 Market Structure
3 Research Methodology
3.1 Primary Research
3.2 Secondary Research
3.3 Market Size Estimation
3.4 Forecast Model
3.5 List Of Assumptions
3.6 Limitations Of The Study
4 Market Insights
5 Market Dynamics
5.1 Introduction
5.2 Market Drivers
5.3 Market Restraints
5.4 Market Opportunities
5.5 Porter’s Five Forces Analysis
5.5.1 Threat Of New Entrants
5.5.2 Bargaining Power Of Buyers
5.5.3 Bargaining Power Of Suppliers
5.5.4 Threat Of Substitutes
5.5.5 Intensity Of Rivalry
5.6 Value Chain/Supply Chain Analysis
Continue….
List Of Tables
Table 1 Global Vacuum Contactor Market, By Region, 2016-2023 (USD Million)
Table 2 North America Vacuum Contactor Market, By Country, 2016-2023 (USD Million)
Table 3 Europe Vacuum Contactor Market, By Country, 2016-2023 (USD Million)
Table 4 Asia-Pacific Vacuum Contactor Market, By Country, 2016-2023 (USD Million)
Table 5 Middle East & Africa Vacuum Contactor Market, By Country, 2016-2023 (USD Million)
Table 6 South America Vacuum Contactor Market, By Country, 2016-2023 (USD Million)
Continue…
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