Press release
Vacuum Interrupter Market Size, Share,Growth, Industry, Forecast and outlook (2024-2031)
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Market Dynamics
The development of advanced technologies, including sensors, Smart Meters and communication networks, has enabled the creation of Smart Grid infrastructure and these technologies provide real-time data and control capabilities, enhancing grid efficiency and reliability. Smart grids offer improved energy efficiency through demand response programs, load management and better distribution system optimization, this efficiency leads to cost savings and reduced environmental impact.According to U.S. Office on Electricity in 2022, the electric grid consists of 9200 electric generating units which have a 1 million generating capacity which is connected 600,00o million. The transformation to a "smart grid" relies on two-way communication, control systems and computer processing. Key technologies include Phasor Measurement Units (PMUs) for grid stability assessment, digital meters for outage reporting and consumer information, automated substation relays, feeder switches and energy storage solutions.
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Segment Analysis
In 2022, circuit breaker is expected to be the dominant segment in the global market covering around 1/3rd of the market. Vacuum interrupters are essential for improving the dependability of circuit breakers as the demand for effective power distribution and protection systems grows. Modern electrical panels and switchgear require compact and space-saving circuit breakers and vacuum interrupters make this possible and their small size and high performance make them perfect for a variety of applications.According to Railway technology in April 2023, Schaltbau introduced an innovative AC vacuum circuit breaker designed for AC-driven electric locomotives and multiple units and this circuit breaker is notable for its ability to operate without significant secondary supply energy for switching on overhead wire voltage. Instead of relying on external power sources, it stores the required energy in a coil spring, which is mechanically locked.
Competitive Landscape
The major global players in the market include ABB, Eaton, Siemens, General Electric, LSIS Co. Ltd., Toshiba Corporation, Wuhan Feite Electric Co., Ltd., Shaanxi Joyelectric International Co., Ltd., Crompton Greaves Limited and Kirloskar Electric Company.
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