Press release
Urbanization And Industrialization Fuel Demand For Vacuum Interrupters: Strategic Insights Driving Vacuum Interrupter Market Momentum in 2025
Vacuum Interrupter
How Large Will the Vacuum Interrupter Market Size By 2025?
In recent times, the market size of vacuum interrupters has seen a steady increase. It is projected to rise from $2.8 billion in 2024 to $2.91 billion in 2025, with a compound annual growth rate (CAGR) of 3.9%. Factors such as electrification and industrialization, expansion in renewable energy projects, a rise in demand for energy-efficient devices, the modernization of power grids, and an escalation in urbanization and infrastructure have all contributed to this growth observed in the historical period.
How Big Is the Vacuum Interrupter Market Size Expected to Grow by 2029?
Expectations for the vacuum interrupter market are robust, with strong growth projected in the coming years. It is forecasted to expand to $3.63 billion by 2029, with a compound annual growth rate (CAGR) of 5.7%. This anticipated growth throughout the forecast period can be credited to factors such as the rising demand for smart grid solutions, the need for smaller and lighter components, the electrification of transportation, investment in energy storage systems, increased demand for medium-voltage applications, improvements in grid management solutions, advancements in next-gen electronics, and an increased emphasis on electromobility infrastructure. Key trends identified for the forecast period include ongoing research and development in vacuum technology, the use of eco-friendly insulation materials, strides in material technology, the integration of smart grid communication, the globalization of energy infrastructure, further digitalization and IoT integration, and market growth in emerging regions.
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Which Key Market Drivers Powering Vacuum Interrupter Market Expansion and Growth?
The surge in urbanization and industrialization is anticipated to fuel the expansion of the vacuum interrupter market. The transition of any society into an industrial society defines industrialization whereas the shift of the rural population to urban areas signifies urbanization. These escalating processes necessitate considerable electrical supply which consequently demands a massive provision of vacuum interrupters for current disruption, overcurrent, short-circuit protection and constant switching needs. For example, the World Bank, an international financial institution based in the US, reported in October 2023 that presently around 4.4 billion people, constituting 56% of the global population, inhabit cities. This is projected to escalate such that by 2050, nearly 7 out of 10 people will reside in cities doubling the existing urban populace. Therefore, the accelerating pace of urbanization and industrialization is predicted to drive the growth of the vacuum interrupter market in the future.
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What Are the Key Trends Driving Vacuum Interrupter Market Growth?
The rise of product innovation is an emergent trend in the vacuum interrupter market. Major companies competing in this market are focusing on creating innovative products with enhanced efficiency to maintain their market standing. For instance, Vacuum Interrupters Ltd., a British-based company specializing in industrial vacuum equipment, introduced the RVI-167835A00 replacement vacuum interrupter in December 2022. This replacement unit is designed for direct fit-and-function, featuring a 3000 A RMS-rated current, 15 kV RMS maximum voltage, 95 kV peak impulse withstand, and 50 KA RMS-rated. It aligns with the ratings of original equipment and is specifically designed for ABB Advac and VHK-R vacuum circuit breakers.
What Are the Emerging Segments in the Vacuum Interrupter Market?
The vacuum interrupter market covered in this report is segmented -
1) By Rated Voltage: 0-15 KV (Kilovolts), 15-30 KV (Kilovolts), Above 30 KV (Kilovolts)
2) By Contact Structure: Flat Contact, Spiral Contact, Axial Magnetic Or Field Contact
3) By Application: Circuit Breaker, Contactor, Recloser, Load Break Switch, Tap Changer, Other Applications
4) By End-User: Utilities, Oil And Gas, Mining, Transportation, Other End-Users
Subsegments:
1) By 0-15 KV (Kilovolts): Low Voltage Vacuum Interrupters
2) By 15-30 KV (Kilovolts): Medium Voltage Vacuum Interrupters
3) By Above 30 KV (Kilovolts): High Voltage Vacuum Interrupters
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Who Are the Global Leaders in the Vacuum Interrupter Market?
Major companies operating in the vacuum interrupter market are ABB Ltd., Eaton Corporation PLC, Shaanxi Baoguang Vacuum Electric Device Co. Ltd., Meidensha Corporation, Mitsubishi Electric Corporation, Toshiba Corporation, ACTOM (Pty) Ltd., Wuhan Feite Electric Company Limited, Chengdu Xuguang Electronics Co. Ltd., Siemens Aktiengesellschaft, LS ELECTRIC Corp., Shaanxi Joyelectric International Co. Ltd., General Electric Company, Schneider Electric SE, Pennsylvania Breaker LLC, G&W Electric Company, Shanxi Baoguang Vacuum Electric Device Co. Ltd., Zhejiang Xuhong Vacuum Electric Appliance Co. Ltd., Yuguang Group Co. Ltd., Zhenhua Shuangfei Electric Co. Ltd., Zhenhua Xinye Electric Co. Ltd.
Which are the Top Profitable Regional Markets for the Vacuum Interrupter Industry?
Asia-Pacific was the largest region in the vacuum interrupter market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the vacuum interrupter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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