Opportunities and Key Developments In Vacuum Interrupters Market Till 2026

Global vacuum interrupters market is estimated to value US$ 1.6 Bn in 2017 and is projected to register a CAGR of 6.2% in terms of value during the forecast period 2017–2026.

Increasing demand for vacuum interrupters from end-use industries such as utilities, transportation, mining etc. especially in developing countries is major factor expected to drive growth of the global market over the forecast period.

The current trend in the target market is integration of renewable energy sources into power grids. This factor is expected to drive growth of the global market to a significant extent over the forecast period.

The contactor application segment in the global vacuum interrupters market is estimated to account for revenue share of over 31% in 2017, owing to increasing power consumption and expanding power distribution networks across the globe are major factors expected to drive growth of the combiner application segment.

North America market accounted for major revenue share of over 25% in the global vacuum interrupters market in terms of revenue, and is expected to continue its dominance over the forecast period, owing to stringent government regulations prohibiting release of greenhouse gases into the atmosphere and increasing demand for vacuum interrupters in various end-use industries in countries in the region.

The utilities end-use industry segment in the global vacuum interrupters market is expected to be account for largest revenue share of US$ 623.7 Mn in 2017, and is expected to continue its dominance over the forecast period.

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Major factor driving demand for vacuum interrupters, which in turn is boosting growth of the India market is increasing government initiatives for development and expansion of electric grid infrastructure in the country. For Instance, In October 2017, the Ministry of Railways announced, it’s plan to completely electrify the national rail network before 2021 (at an annual pace of 4,000 Km), at an estimated cost of approximately 35,000 crores (US$ 5.67 Bn).

The market in Southeast Asia accounted for revenue share of over 8.0% in the global vacuum interrupters market in 2016, and was valued at over US$ 140 Mn. It is projected to reach nearly US$ 255 Mn in 2026, at a CAGR of over 5% between 2016 & 2026.

Key players operating in the global vacuum interrupters market include ABB Ltd., Eaton Corporation Plc, Meidensha Corporation, Schneider Electric SE, Siemens AG, Alstom SA, CoorsTek Inc.

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