Vacuum Contactor Market Leading Players Analyzed are:
General Electric (US), Schneider Electric (France), ABB (Switzerland), Siemens (Germany), Toshiba Corporation (Japan), Eaton Corporation (Ireland), Mitsubishi Electric (Japan), Larsen & Toubro (India), Rockwell Automation (US), and Crompton Greaves (India)
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Vacuum Contactor Market Scenario
The Vacuum Contactor Market is projected to grow at a high rate during the forecast period, due to various factors such as growth in process industries which would increase the demand for vacuum contactors in HVAC system. Similarly, growth in the related markets such as motors, capacitors, switchgear, and transformers would also contribute to the growth of vacuum contactors.
Vacuum contactor is an electrically controlled switch that is used to make or break an electrical circuit with the help of vacuum interrupter, relay and fuse. This switch is typically used in motor starters, switchgear and control gear of medium voltage fast switching devices motor starters, switchgear and control gear of medium voltage fast switching devices. Vacuum contactors are also widely used in HVAC systems since refrigeration, cooling, and ventilation equipment need an AC motor system. Therefore, robust growth in HVAC systems globally would drive the vacuum contactor market.
Continuous increase in investment and upgradation in process industries, manufacturing industry, commercial, and large residential complexes that use HVAC systems would drive the vacuum contactor market. Counties in Asia present hot climatic conditions along with rise in urbanization which has driven the demand for HVAC products. Additionally, the increasing demand for fast-switching devices is considered to have an equally upshifting effect on the demand for vacuum contactors.
Segmental Overview
Global vacuum contactor market has been segmented based on Voltage Rating, application, end-user, and region.
By Voltage Rating
- Less than 5kV
- 5kV to 10kV
- 11kV to 15kV
- More than 15kV
By Application
- Motors
- Transformers
- Capacitors
- Reactors
- Resistive loads
By End-User
- Utilities
- Industrial
- Commercial
- Oil & Gas
- Mining
By Regions
- North America
- Asia-Pacific
- Europe
- Middle East & Africa
- South America
Regional Analysis
Region wise, Asia Pacific held the largest market share of the global vacuum contactor market in 2017. It is estimated that Asia-Pacific region would be the fastest growing market during the forecast period, mainly due to the rising investment in manufacturing sector and process industries such as paper & pulp, metal processing, and others. The high growth of vacuum contactors is also attributed to the growing demand for reliability of power supply in harsh environments and robust growth in HVAC sector. Rising urbanization in Asian countries has led to an increase in the demand for HVAC products which has acted as a significant driver for the vacuum contactor market.
Table Of Contents
1 Executive Summary
2 Market Introduction
2.1 Market Definition
2.2 Scope Of The Study
2.3 Market Structure
3 Research Methodology
3.1 Primary Research
3.2 Secondary Research
3.3 Market Size Estimation
3.4 Forecast Model
3.5 List Of Assumptions
3.6 Limitations Of The Study
4 Market Insights
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List Of Tables
Table 1 Global Vacuum Contactor Market, By Region, 2016-2023 (USD Million)
Table 2 North America Vacuum Contactor Market, By Country, 2016-2023 (USD Million)
Table 3 Europe Vacuum Contactor Market, By Country, 2016-2023 (USD Million)
Table 4 Asia-Pacific Vacuum Contactor Market, By Country, 2016-2023 (USD Million)
Table 5 Middle East & Africa Vacuum Contactor Market, By Country, 2016-2023 (USD Million)
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List Of Figures
Figure 1 Research Process Of MRFR
Figure 2 Top Down & Bottom Up Approach
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
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