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Global Vacuum Interrupters Market Size, Shares, Growth, Segments, Industry Analysis & Outlook 2018-2024
Vacuum Interrupters Market
Infinium Global Research’s report covers the annual growth of the global vacuum interrupters market. It also includes chapters on the global vacuum interrupters industry trends, geographic analysis, and competitive landscape.
The report also includes a SWOT analysis to present the indicators of strength, weakness, prospects, and risk of the market until the completion of the projection period in 2024.
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Vacuum Interrupters Market: Industry Insights
Vacuum interrupters are a core component of the circuit breaker along with a simplified arc quenching method. Vacuum interrupters used as a switch in electrical circuits. Vacuum interrupters are used in vacuum circuit breakers to carry and interrupt normal as well as rated fault current. Generally, vacuum interrupters are used in applications that require medium voltage.
Vacuum Interrupters Market: Drivers and Restraints
Rapid urbanization, as well as industrialization, drives the growth of vacuum interrupters market. Furthermore, increasing adoption of vacuum interrupters in medium voltage applications boosts the growth of vacuum interrupters market. However, loss of vacuum owing to transit damage or failure may hamper the growth of vacuum interrupters market. Moreover, growing power distribution network provides beneficial opportunities for vacuum interrupters market.
Vacuum Interrupters Market: Segmentation
The global vacuum interrupters market is projected to grow at a CAGR of 5.9% over the forecast period of 2018-2024. Vacuum interrupters market is segmented into contact structure, application, and end-user. Among this segmentation, the contact structure is categorized into flat contact, spiral contact, and axial magnetic / field contact. To ensure minimum metal erosion and to minimize local heating as well as taking into considerations of the current and voltage interruption these contact structures are made. By application vacuum interrupters market segmented into medium-voltage circuit-breakers, generator circuit-breakers, and high-voltage circuit-breakers.
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Vacuum interrupters widely used in medium-voltage circuit-breakers owing to its reliability and safety and they are environment-friendly. By End-user vacuum, interrupters market is segmented into the transportation sector, mining sector, oil & gas sector, utility sector, industrial plants, and several other sectors. Vacuum interrupters are widely used in the utility sector. Oil and gas industry is expected to experience considerable growth due to increasing oil and gas plants worldwide.
Vacuum Interrupters Market: Regional Insights
Geographically, the vacuum interrupters market is divided into North America, Europe, Asia Pacific, and RoW. Among these regions, Asia-Pacific dominated the vacuum interrupters market. Growing urbanization and increasing power distribution networks contribute to the growth of the vacuum market in the region. Ongoing electricity transmission and distribution projects as well as rising oil and gas plants in the Asia Pacific region fuels the growth of vacuum interrupters market. South America and Africa are expected to show moderate growth for vacuum interrupters market.
Vacuum Interrupters Market: Competitive Analysis
The prominent players in the global vacuum interrupters market are Mitsubishi Electric Corporation, China Zhenhua Electronics Group Yuguang Electric Co., Ltd., Wuhan Feit Electric Co., Ltd., Chengdu Xuguang Electronics Co., Ltd., Meidensha Corporation, LSIS Co., Ltd., Avantha Group, ACTOM, Siemens AG, Eaton, and ABB.
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Reasons to Buy this Report:
• Comprehensive analysis of global as well as regional markets of the Vacuum Interrupters.
• Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.
• Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
• Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
About Infinium Global Research
Infinium Global Research and Consulting Solutions is started with a single motto of being a business partner of the first choice. We at Infinium work on the strengths of our clients to ensure we help them consolidate their market position. We firmly believe in the fact that ‘if you are able to develop newer opportunities then you find there is no dearth of opportunities for you. With our strategic research approaches and deep dive in the market segments, we try to find out new opportunities that our clients can encash with their existing resources. Our experts with over 100 years of cumulative experience in research offer the best in the industry services to our clients to ensure that they achieve their business goals.
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