Vacuum Interrupter Market 2021 Demand, Growth, Opportunities and Future Forecast 2025
Vacuum Interrupter Market is projected to be valued at USD 3.64 Billion by 2025, with 6.53% CAGR during the forecast period, 2019–2025. The vacuum interrupter is the core component of high and medium-voltage circuit breakers that are used for quenching of the arc. It mainly reduces the power wastage and controls the cost arising out of the energy loss during transmission.
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GLOBAL VACUUM INTERRUPTER MARKET, 2019–2025
In 2018, Asia-Pacific dominated the global vacuum interrupter market in terms of share: MRFR
Based on region the global vacuum interrupter market has been segmented into five regions, namely, North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. Asia Pacific is expected to hold the largest market share in the vacuum interrupter market during the forecast period. According to a 2017 report by the World Economic and Financial Surveys, the growth momentum in the largest economies in Asia-Pacific is expected to remain quite strong, reflecting the policy stimulus in China and Japan, which, in turn, is benefiting other economies in Asia.
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The rapid increase in economic growth would lead to a rise in the demand for power. This would increase the demand for greater investments in the power generation infrastructure. Additionally, the rise in investments in smart grid technologies, which include distribution grid automation, smart meters, and demand response systems in countries such as Japan, South Korea, and Australia, would create growth opportunities for the vacuum interrupter and drives the global vacuum interrupter market in the forecast period.
The vacuum interrupter market in North America is dominated by the US due to rising urbanization coupled with ongoing electricity transmission and distribution projects.
The vacuum interrupter market in Europe is expected to be dominated by Germany owing to the replacement and refurbishment of the aging infrastructure in Germany.
The vacuum interrupter market in South America is dominated by Argentina, owing to a gradual shift of the interrupter market from gas insulation interrupters to gas-free insulators and due to regulations, that inhibit the release of greenhouse gases into the atmosphere. Argentina’s government is investing in adopting gas-free vacuum interrupters at a rapid rate, which drives the vacuum interrupter market in Argentina during the forecast period.
The Global Vacuum Interrupter Market has been segmented based on rated voltage, contact structure, application, end-use industry, and region. Based on rated voltage, the global market is segmented into 0–15 kV, 15–30 kV, and above 30 kV. The 0–15 kV segment is expected to dominate the global market and is likely to grow with the highest CAGR. Based on contact structure, the global market is segmented as flat contact, spiral contact, and axial magnetic/field contact. The spiral contact segment is expected to grow with the highest CAGR during the forecast period. Based on the application, the global market is segmented into the circuit breaker, load break switch, recloser, contactor, tap changer, and others. The circuit breaker segment is expected to hold the largest market share during the forecast period. Based on end-use industry, the global market is segmented as utilities, oil & gas, mining sector, transportation sector, and others. The utility segment is expected to hold the largest market share during the forecast period.
The Global Vacuum Interrupter Market is expected to grow at 6.53% CAGR during the forecast period.
Scope of the...
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