Press release
Vacuum Interrupter Market is expected to witness Incredible Growth during 2022-2031 | ABB, Eaton, Siemens AG, Toshiba Corp., ACTOM.
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A vacuum interrupter is a device that uses a vacuum to interrupt an electrical circuit. The vacuum is used to create a high-voltage arc between the contacts, which is then extinguished by the vacuum. This type of device is used in high-voltage applications, such as power distribution systems, where it is necessary to interrupt large currents.
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Key Trends
The key trends in vacuum interrupter technology are miniaturization, higher voltages, and higher currents. Miniaturization is driven by the need for smaller, more compact devices. Higher voltages and currents are needed to meet the demands of new applications, such as renewable energy and electric vehicles.
Key Drivers
The key drivers of the vacuum interrupter market include the increasing demand for vacuum interrupters from the utility sector, the need for improved grid reliability, and the growing trend of replacing older equipment with new technologically advanced equipment.
The utility sector is the largest end-use market for vacuum interrupters and the demand for these products is expected to grow at a significant rate in the coming years. This can be attributed to the increasing number of grid expansion projects and the need for improved grid reliability. In addition, the growing trend of replacing older equipment with new technologically advanced equipment is also expected to boost the demand for vacuum interrupters over the forecast period.
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Key Market Segments
The vacuum interrupter market bifurcated on the basis of voltage, application, end-user, and region. On the basis of voltage, it is segmented into 0-15 kV, 15-30 kV, and above 30 kV. By application, it is divided into circuit breaker, contactor, recloser, and others. By end-user, it is analyzed across utilities, oil & gas, mining, and others. Region-wise, it is studied across North America, Europe, Asia-Pacific, and rest of the World.
Key Market Players
The vacuum interrupter market report includes players such as ABB, Eaton, Siemens AG, Toshiba Corp., ACTOM, LS Industrial System, Crompton Greaves Ltd, Meidensha Corp., Mitsubishi Electric Corp., AREVA.
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