Vacuum Interrupter Market Size Scope and Comprehensive Analysis by 2028 | Top Players: Mitsubishi Electric Corporation, Siemens AG, Eaton, ABB, Wuhan Feite Electric Co., Ltd.

The Global Vacuum Interrupter Market is projected to reach USD 5.18 billion by 2028, growing at a CAGR of 5.5% during the forecast period. The growth of construction activities & increased availability of electricity in developing economies is expected to fuel the global vacuum interrupter market during the forecast period.

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A vacuum circuit breaker can be differentiated from other circuit breakers on the basis of its arc quenching technique. In this type, the interruption of current flowing through arc takes place in vacuum. This technology is widely used for applications working on medium voltage. The vacuum circuit breakers are also suitable for high voltage applications, however they are not commercially viable yet. The vacuum circuit breaker consist of a vacuum interrupter. This chamber is used for the basic operations of circuit breaker such as opening and closing of contacts carrying electric current and arc quenching. The vacuum interrupter is made by symmetrically arranging ceramic insulators in a steel arc chamber. The hermetically tight vacuum chamber present in vacuum circuit breaker eliminates any external impacts on the device. Thus the properties of the vacuum interrupter remain constant throughout the life cycle, giving it a clear edge over the other types of interrupters.

The vacuum interceptor is an electrical switch used to interrupt the current flow after a fault is detected. It is a kind of circuit breaker where the arc quenching takes place in a vacuum medium. The vacuum interrupter encompasses a steel arc chamber in the center symmetrically arranged ceramic insulator and the pressure inside the chamber is kept below 0.01 pascal.

Key Factors Impacting the Growth of Vacuum Interrupter Market:

o Increasing power generation activities across the globe.
o Increasing use of electrical appliances across various industries
o Lack of government regulatory policies.
Key Developments in the Vacuum Interrupter Market:
o On 9th July 2018, ABB (Switzerland) introduced VD4- Arc Furnace, medium-voltage circuit breaker with a unique solution based on vacuum technology and innovative actuation systems, to provide a new high quality, reliable and efficient solution
o On 1st October 2018, ABB (Switzerland) acquired the Thomas & Betts Corporation (US) which will begin doing business as ABB Installation Products, Inc., to manage the connection, distribution, and transmission of electrical power in industrial, construction and utility applications globally

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The Asia Pacific region is set to be the highest contributor to the vacuum interrupter market owing to increasing urbanization & increased availability of electricity. The North American & European regions are poised to show steady growth in the vacuum interrupter market due to increasing power generation activities and the installation of new power generation facilities across the geographical boundaries. The Middle East stills an emerging player in the vacuum interrupter market.

Companies Covered:

Major Companies profiled in the report which are key players in the global vacuum interrupter market include Mitsubishi Electric Corporation, China Zhenhua Electronics Group Yuguang Electric Co., Ltd., Wuhan Feite Electric Co., Ltd., Chengdu Xuguang Electronics Co., Ltd., Meidensha Corporation, LSIS Co., Ltd., Avantha Group, ACTOM, Siemens AG, Eaton, ABB, and Shaanxi Baoguang Vacuum Electric Device Company Limited.

Market Segmentation:

By Application:
o Circuit Breaker
o Contactor
o Recloser
o Load Break Switch
o Tap Switch

By End-Use Industry:
o Power Generation
o Oil & Gas
o Mining
o Electrical & Electronics
o Utilities & Transportation
o Others

By Region:

o North America
By Country (US, Canada, Mexico)
By Application
By End-Use Industry

o Western Europe
By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
By Application
By End-Use Industry

o Eastern Europe
By Country (Russia, Turkey, Rest of Eastern Europe)
By Application
By End-Use Industry

o Asia Pacific
By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
By Application
By End-Use Industry

o Middle East
By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
By Application
By End-Use Industry

o Rest of the World
By Region (South America, Africa)
By Application
By End-Use Industry

Reasons to Buy This Report:

o Market size estimation of the global vacuum interrupter market on a regional and global basis.
o The unique research design for market size estimation and forecast.
o Profiling of major companies operating in the vacuum interrupter market with key developments.
o Broad scope to cover all the possible segments helping every stakeholder in the market.

Customization:

We provide customization of the study to meet specific requirements:

o By Segment
o By Sub-segment
o By Region/Country

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This release was published on openPR.