Vacuum Interrupters Market - Global Industry Analysis

Vacuum Interrupters Market By Rated Voltage (0-15 kV, 15-30 kV, Above 30 kV), By Application (Circuit Breaker, Contactor, Recloser, Load Break Switch, & Tap Changer), By End User (Oil & Gas, Mining, Utilities & Transportation), and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028

Published Date: 07-Apr-2022 Category: Semiconductor & Electronics Report Format : PDF Pages: 145 Report Code: ZMR-3317 Status : Published

The global vacuum interrupters market achieved revenue of USD 2.45 billion in 2021 and is projected to reach around USD 3.51 billion by 2028, the market is expected to grow with a compound annual growth rate (CAGR) of 5.3 percent during the forecast period.

Description

Industry Prospective:

The global vacuum interrupters market achieved revenue of USD 2.45 billion in 2021 and is projected to reach around USD 3.51 billion by 2028, the market is expected to grow with a compound annual growth rate (CAGR) of 5.3 percent during the forecast period. The report encompasses a detailed analysis of the vacuum interrupters market’s drivers, restraints, and challenges, along with their impact on the demands over the estimated period. Furthermore, the report also offers a detailed study of the potential opportunities that can boost market growth.

Vacuum Interrupters Market: Overview

A vacuum interrupter is a switch that employs electrical contacts in a vacuum in electrical engineering. It is the key element in generator circuit breakers, medium-voltage circuit breakers, and high-voltage circuit breakers. When electrical contacts separate, a metal vapor arc forms, which is soon extinguished. In utility power transmission networks, power production units, and power-distribution systems for trains, industrial facilities, and arc furnace applications, vacuum interrupters are commonly utilized.

COVID-19 Impact:

The COVID-19 epidemic has hindered the power industry's expansion. This is mostly owing to statewide lockdowns enacted to prevent the transmission of the virus from spreading further. The renewable energy industry, which had been developing at a fast rate until recently, has been slowing down in recent months. This slowdown is mostly due to economic downturns, which have led to lower power consumption from a variety of end-user industries. With reducing electricity demand, utilities are likely to make moderately little expenditures in updating outdated grid infrastructure and installing new renewables.

Vacuum Interrupters Market: Growth Drivers

Rapid expansion of distribution and transmission can boost the market growth.

In the future years, transportation and other related industries are likely to see a massive increase in electrification. This would result in a massive rise in the energy demand and, as a result, its generation, necessitating a billion-dollar investment in transmission over the following decade. The electrical transmission and distribution industry might attract more than USD 600 bn in investment. The electric car category is likely to get the majority of this investment. In addition to this expenditure, the existing transmission infrastructure must be maintained and integrated with power generated from renewable sources to fulfill the current electrical demand. According to research, a trade organization lobbying for transmission investment, the amount of investment by 2030 is estimated to be similar to USD 4 to 7 bn per year, which is a 25 to 50 percent increase over the previous decade. All of this is likely to be driven largely by two primary factors: connecting more renewables to the grid and maintaining system reliability as peak load grows. All of these factors are likely to drive the growth of the global vacuum interpreters market.

Global Vacuum Interrupters Market

Vacuum Interrupters Market: Restraints

Dearth of explicit government policies for vacuum interrupters may hinder market growth.

According to the Kyoto Protocol, SF6 is one of the most potent greenhouse gases, having a global warming intensity of 23,000, and the Intergovernmental Panel on Climate Change has classified it as a highly hazardous greenhouse gas. Concurrently, SF6 is categorized as a greenhouse gas, which will be subject to green taxes. As a result, the Kyoto Protocol calls for an emissions reduction. Other gases with lesser global warming potential, such as nitrogen, dry air, and CO2, or their mixes, have far low dielectric strength than SF6. However, specific guidelines and government rules regarding the usage of vacuum interrupters are required. Industries that are prohibited from using these enumerated greenhouse gases are shifting to air-type equipment or other gas equipment, according to reports. The use of vacuum-type interruption devices is not decreasing as a result of this. As a result, the lack of vacuum interrupter-specific rules, norms, and reforms is a key stumbling block in this scenario.

Vacuum Interrupters Market: Opportunities

Cumulative investments and funding for smart grid & power distribution in the emerging nation will provide better growth prospects for the market.

Utility companies are increasing their investments in smart grid infrastructure throughout the world. By 2027, the European Union is expected to invest almost USD 133 billion in the smart grid sector. For example, Tavrida Electric secured a series of contracts for the delivery of 25 reclosers with PKP Energetyka. A two-year period of demonstrations and testing of the delivered equipment preceded the sale. As a consequence, approximately 50 reclosers were delivered to the latter by the end of 2017. Furthermore, Southeast Asian countries are projected to invest nearly 10 billion in smart grid infrastructure in the next 10 years, thereby driving growth avenues for the global vacuum interpreters market.

Vacuum Interrupters Market: Challenges.

Accessibility to low-quality and cheap products poses a major challenge to the market.

Asia Pacific region is the greatest market for vacuum interrupters, with several emerging countries planning to install a high number of vacuum interrupters in the near future. In these emerging countries, cost takes precedence over quality. The price of electrical items is given considerable attention in major nations such as Bhutan, Bangladesh, Sri Lanka, and India. Vacuum interrupters of good quality are projected to last for roughly 30 years. However, as the price of a product falls, so does the quality of the product. Local manufacturers face the same problems as multinational businesses in this region. These grey market firms have pricing competitiveness and a local supply network advantage over major competitors, which is tough for leading players to obtain.

Vacuum Interrupters Market: Segmentation

The global vacuum interrupters market is segregated based on rated voltage, application, end-user, and region. By rated voltage, the market is categorized into 0-15 kV, 15-30 kV, and above 30 kV. The application segment of the market is split into a circuit breaker, contactor, load break switch, tap changer, recloser, and others. The end-user segment is bifurcated as utilities, oil & gas, mining, transportation, and others.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Recent Developments

  • August 2021, Eaton Corporation had announced ambitions to launch HYPERRIDE, a ground-breaking cooperative research initiative focused on DC power grids. The firm will design circuit breakers for an automated and efficient DC power system as part of the USD 7.5 million project.
  • In 2020, ABB Electrification's facility in Ratingen, Germany, celebrated a significant milestone when it produced its seven millionth vacuum interrupter (VI).

Vacuum Interrupters Market: Regional Landscape

Asia Pacific is to lead the market over the forecast period.

Asia Pacific is estimated to lead the global vacuum interrupter market. India, China, South Korea, and Japan are among the key nations regarded to be the primary vacuum interrupter production hubs. This region has experienced remarkable economic development in recent years. According to World Economic and Financial Surveys, the economic momentum in Asia Pacific's top economies is likely to stay robust, indicating policy stimulus in Japan and China, which benefits other Asian countries. The fast expansion of the economy would result in a rise in the demand for electricity. This would need a higher level of investment in electricity-producing infrastructure. Furthermore, increasing expenditure on smart grid technologies, such as smart meters, distribution grid automation, and demand response systems, in countries such as South Korea, Japan, and Australia, would provide development prospects for the market during the projection period.

Vacuum Interrupters Market: Competitive Landscape

Key players operating in the global vacuum interrupters market include ABB, Eaton, Crompton Greaves Limited, Siemens AG, LS Industrial System, Mitsubishi Electric Corporation, Shaanxi Baoguang Vacuum Electric Device Company Limited, Toshiba Corporation, Meidensha Corporation, ACTOM, Chengdu Zuguang Electronics Company Limited, Shaanxi Joyelectric International Company Limited, and Wuhan Feite Electric Company Limited.

Global vacuum interrupters market is segmented as follows:

By Rated Voltage

  • 0–15 kV
  • 15–30 kV
  • Above 30 kV

By Application

  • Circuit Breaker
  • Contactor
  • Recloser
  • Load Break Switch
  • Tap Changer
  • Others

By End User

  • Utilities
  • Oil & Gas
  • Mining
  • Transportation
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Vacuum Interrupters Market, (2022 - 2028) (USD Billion)
    • 2.2 Global Vacuum Interrupters Market : snapshot
  • Chapter 3. Global Vacuum Interrupters Market - Industry Analysis
    • 3.1 Vacuum Interrupters Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Rapid expansion of distribution and transmission can boost the market growth.
      • 3.2.2 Rapid expansion of distribution and transmission can boost the market growth
    • 3.3 Market Restraints
      • 3.3.1. Dearth of explicit government policies for vacuum interrupters may hinder market growth.
      • 3.3.2. Dearth of explicit government policies for vacuum interrupters may hinder market growth
    • 3.4 Market Opportunities
      • 3.4.1. Cumulative investments and funding for smart grid & power distribution in the emerging nation will provide better growth prospects for the market
    • 3.5 Market Challenges
      • 3.5.1. Cumulative investments and funding for smart grid & power distribution in the emerging nation will provide better growth prospects for the market
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By By Rated Voltage
      • 3.7.2 Market attractiveness analysis By By Application
      • 3.7.3 Market attractiveness analysis By By End User
  • Chapter 4. Global Vacuum Interrupters Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Vacuum Interrupters Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Vacuum Interrupters Market - By Rated Voltage Analysis
    • 5.1 Global Vacuum Interrupters Market overview: By By Rated Voltage
      • 5.1.1 Global Vacuum Interrupters Market share, By By Rated Voltage, 2021 and 2028
    • 5.2 0–15 kV
      • 5.2.1 Global Vacuum Interrupters Market by 0–15 kV, 2022 - 2028 (USD Billion)
    • 5.3 15–30 kV
      • 5.3.1 Global Vacuum Interrupters Market by 15–30 kV, 2022 - 2028 (USD Billion)
    • 5.4 Above 30 kV
      • 5.4.1 Global Vacuum Interrupters Market by Above 30 kV, 2022 - 2028 (USD Billion)
  • Chapter 6. Global Vacuum Interrupters Market - By Application Analysis
    • 6.1 Global Vacuum Interrupters Market overview: By By Application
      • 6.1.1 Global Vacuum Interrupters Market share, By By Application, 2021 and 2028
    • 6.2 Circuit Breaker
      • 6.2.1 Global Vacuum Interrupters Market by Circuit Breaker, 2022 - 2028 (USD Billion)
    • 6.3 Contactor
      • 6.3.1 Global Vacuum Interrupters Market by Contactor, 2022 - 2028 (USD Billion)
    • 6.4 Recloser
      • 6.4.1 Global Vacuum Interrupters Market by Recloser, 2022 - 2028 (USD Billion)
    • 6.5 Load Break Switch
      • 6.5.1 Global Vacuum Interrupters Market by Load Break Switch, 2022 - 2028 (USD Billion)
    • 6.6 Tap Changer
      • 6.6.1 Global Vacuum Interrupters Market by Tap Changer, 2022 - 2028 (USD Billion)
    • 6.7 Others
      • 6.7.1 Global Vacuum Interrupters Market by Others, 2022 - 2028 (USD Billion)
  • Chapter 7. Global Vacuum Interrupters Market - By End User Analysis
    • 7.1 Global Vacuum Interrupters Market overview: By By End User
      • 7.1.1 Global Vacuum Interrupters Market share, By By End User, 2021 and 2028
    • 7.2 Utilities
      • 7.2.1 Global Vacuum Interrupters Market by Utilities, 2022 - 2028 (USD Billion)
    • 7.3 Oil & Gas
      • 7.3.1 Global Vacuum Interrupters Market by Oil & Gas, 2022 - 2028 (USD Billion)
    • 7.4 Mining
      • 7.4.1 Global Vacuum Interrupters Market by Mining, 2022 - 2028 (USD Billion)
    • 7.5 Transportation
      • 7.5.1 Global Vacuum Interrupters Market by Transportation, 2022 - 2028 (USD Billion)
    • 7.6 Others
      • 7.6.1 Global Vacuum Interrupters Market by Others, 2022 - 2028 (USD Billion)
  • Chapter 8. Vacuum Interrupters Market - Regional Analysis
    • 8.1 Global Vacuum Interrupters Market Regional Overview
    • 8.2 Global Vacuum Interrupters Market Share, by Region, 2021 & 2028 (USD Billion)
    • 8.3. North America
      • 8.3.1 North America Vacuum Interrupters Market, 2022 - 2028 (USD Billion)
        • 8.3.1.1 North America Vacuum Interrupters Market, by Country, 2022 - 2028 (USD Billion)
    • 8.4 North America Vacuum Interrupters Market, by By Rated Voltage, 2022 - 2028
      • 8.4.1 North America Vacuum Interrupters Market, by By Rated Voltage, 2022 - 2028 (USD Billion)
    • 8.5 North America Vacuum Interrupters Market, by By Application, 2022 - 2028
      • 8.5.1 North America Vacuum Interrupters Market, by By Application, 2022 - 2028 (USD Billion)
    • 8.6 North America Vacuum Interrupters Market, by By End User, 2022 - 2028
      • 8.6.1 North America Vacuum Interrupters Market, by By End User, 2022 - 2028 (USD Billion)
    • 8.4. Europe
      • 8.4.2 Europe Vacuum Interrupters Market, 2022 - 2028 (USD Billion)
        • 8.4.2.1 Europe Vacuum Interrupters Market, by Country, 2022 - 2028 (USD Billion)
    • 8.4 Europe Vacuum Interrupters Market, by By Rated Voltage, 2022 - 2028
      • 8.4.1 Europe Vacuum Interrupters Market, by By Rated Voltage, 2022 - 2028 (USD Billion)
    • 8.5 Europe Vacuum Interrupters Market, by By Application, 2022 - 2028
      • 8.5.1 Europe Vacuum Interrupters Market, by By Application, 2022 - 2028 (USD Billion)
    • 8.6 Europe Vacuum Interrupters Market, by By End User, 2022 - 2028
      • 8.6.1 Europe Vacuum Interrupters Market, by By End User, 2022 - 2028 (USD Billion)
    • 8.5. Asia Pacific
      • 8.5.3 Asia Pacific Vacuum Interrupters Market, 2022 - 2028 (USD Billion)
        • 8.5.3.1 Asia Pacific Vacuum Interrupters Market, by Country, 2022 - 2028 (USD Billion)
    • 8.4 Asia Pacific Vacuum Interrupters Market, by By Rated Voltage, 2022 - 2028
      • 8.4.1 Asia Pacific Vacuum Interrupters Market, by By Rated Voltage, 2022 - 2028 (USD Billion)
    • 8.5 Asia Pacific Vacuum Interrupters Market, by By Application, 2022 - 2028
      • 8.5.1 Asia Pacific Vacuum Interrupters Market, by By Application, 2022 - 2028 (USD Billion)
    • 8.6 Asia Pacific Vacuum Interrupters Market, by By End User, 2022 - 2028
      • 8.6.1 Asia Pacific Vacuum Interrupters Market, by By End User, 2022 - 2028 (USD Billion)
    • 8.6. Latin America
      • 8.6.4 Latin America Vacuum Interrupters Market, 2022 - 2028 (USD Billion)
        • 8.6.4.1 Latin America Vacuum Interrupters Market, by Country, 2022 - 2028 (USD Billion)
    • 8.4 Latin America Vacuum Interrupters Market, by By Rated Voltage, 2022 - 2028
      • 8.4.1 Latin America Vacuum Interrupters Market, by By Rated Voltage, 2022 - 2028 (USD Billion)
    • 8.5 Latin America Vacuum Interrupters Market, by By Application, 2022 - 2028
      • 8.5.1 Latin America Vacuum Interrupters Market, by By Application, 2022 - 2028 (USD Billion)
    • 8.6 Latin America Vacuum Interrupters Market, by By End User, 2022 - 2028
      • 8.6.1 Latin America Vacuum Interrupters Market, by By End User, 2022 - 2028 (USD Billion)
    • 8.7. The Middle-East and Africa
      • 8.7.5 The Middle-East and Africa Vacuum Interrupters Market, 2022 - 2028 (USD Billion)
        • 8.7.5.1 The Middle-East and Africa Vacuum Interrupters Market, by Country, 2022 - 2028 (USD Billion)
    • 8.4 The Middle-East and Africa Vacuum Interrupters Market, by By Rated Voltage, 2022 - 2028
      • 8.4.1 The Middle-East and Africa Vacuum Interrupters Market, by By Rated Voltage, 2022 - 2028 (USD Billion)
    • 8.5 The Middle-East and Africa Vacuum Interrupters Market, by By Application, 2022 - 2028
      • 8.5.1 The Middle-East and Africa Vacuum Interrupters Market, by By Application, 2022 - 2028 (USD Billion)
    • 8.6 The Middle-East and Africa Vacuum Interrupters Market, by By End User, 2022 - 2028
      • 8.6.1 The Middle-East and Africa Vacuum Interrupters Market, by By End User, 2022 - 2028 (USD Billion)
  • Chapter 9. Company Profiles
    • 9.1 ABB
      • 9.1.1 Overview
      • 9.1.2 Financials
      • 9.1.3 Product Portfolio
      • 9.1.4 Business Strategy
      • 9.1.5 Recent Developments
    • 9.2 Eaton
      • 9.2.1 Overview
      • 9.2.2 Financials
      • 9.2.3 Product Portfolio
      • 9.2.4 Business Strategy
      • 9.2.5 Recent Developments
    • 9.3 Crompton Greaves Limited
      • 9.3.1 Overview
      • 9.3.2 Financials
      • 9.3.3 Product Portfolio
      • 9.3.4 Business Strategy
      • 9.3.5 Recent Developments
    • 9.4 Siemens AG
      • 9.4.1 Overview
      • 9.4.2 Financials
      • 9.4.3 Product Portfolio
      • 9.4.4 Business Strategy
      • 9.4.5 Recent Developments
    • 9.5 LS Industrial System
      • 9.5.1 Overview
      • 9.5.2 Financials
      • 9.5.3 Product Portfolio
      • 9.5.4 Business Strategy
      • 9.5.5 Recent Developments
    • 9.6 Mitsubishi Electric Corporation
      • 9.6.1 Overview
      • 9.6.2 Financials
      • 9.6.3 Product Portfolio
      • 9.6.4 Business Strategy
      • 9.6.5 Recent Developments
    • 9.7 Shaanxi Baoguang Vacuum Electric Device Company Limited
      • 9.7.1 Overview
      • 9.7.2 Financials
      • 9.7.3 Product Portfolio
      • 9.7.4 Business Strategy
      • 9.7.5 Recent Developments
    • 9.8 Toshiba Corporation
      • 9.8.1 Overview
      • 9.8.2 Financials
      • 9.8.3 Product Portfolio
      • 9.8.4 Business Strategy
      • 9.8.5 Recent Developments
    • 9.9 Meidensha Corporation
      • 9.9.1 Overview
      • 9.9.2 Financials
      • 9.9.3 Product Portfolio
      • 9.9.4 Business Strategy
      • 9.9.5 Recent Developments
    • 9.10 ACTOM
      • 9.10.1 Overview
      • 9.10.2 Financials
      • 9.10.3 Product Portfolio
      • 9.10.4 Business Strategy
      • 9.10.5 Recent Developments
    • 9.11 Chengdu Zuguang Electronics Company Limited
      • 9.11.1 Overview
      • 9.11.2 Financials
      • 9.11.3 Product Portfolio
      • 9.11.4 Business Strategy
      • 9.11.5 Recent Developments
    • 9.12 Shaanxi Joyelectric International Company Limited
      • 9.12.1 Overview
      • 9.12.2 Financials
      • 9.12.3 Product Portfolio
      • 9.12.4 Business Strategy
      • 9.12.5 Recent Developments
    • 9.13 Wuhan Feite Electric Company Limited.
      • 9.13.1 Overview
      • 9.13.2 Financials
      • 9.13.3 Product Portfolio
      • 9.13.4 Business Strategy
      • 9.13.5 Recent Developments

Table Of Figures

  • 1. Market research Type
  • 2. Market research methodology
  • 3. Global Vacuum Interrupters Market, 2022 - 2028 (USD Billion)
  • 4. Porter’s Five Forces Analysis
  • 5. Global Vacuum Interrupters Market attractiveness, By By Rated Voltage
  • 6. Global Vacuum Interrupters Market attractiveness, By By Application
  • 7. Global Vacuum Interrupters Market attractiveness, By By End User
  • 8. Global Vacuum Interrupters Market share by By Rated Voltage, 2022 and 2028 (USD Billion)
  • 9. Global Vacuum Interrupters Market by 0–15 kV, 2022 - 2028 (USD Billion)
  • 10. Global Vacuum Interrupters Market by 15–30 kV, 2022 - 2028 (USD Billion)
  • 11. Global Vacuum Interrupters Market by Above 30 kV, 2022 - 2028 (USD Billion)
  • 12. Global Vacuum Interrupters Market share by By Application, 2022 and 2028 (USD Billion)
  • 13. Global Vacuum Interrupters Market by Circuit Breaker, 2022 - 2028 (USD Billion)
  • 14. Global Vacuum Interrupters Market by Contactor, 2022 - 2028 (USD Billion)
  • 15. Global Vacuum Interrupters Market by Recloser, 2022 - 2028 (USD Billion)
  • 16. Global Vacuum Interrupters Market by Load Break Switch, 2022 - 2028 (USD Billion)
  • 17. Global Vacuum Interrupters Market by Tap Changer, 2022 - 2028 (USD Billion)
  • 18. Global Vacuum Interrupters Market by Others, 2022 - 2028 (USD Billion)
  • 19. Global Vacuum Interrupters Market share by By End User, 2022 and 2028 (USD Billion)
  • 20. Global Vacuum Interrupters Market by Utilities, 2022 - 2028 (USD Billion)
  • 21. Global Vacuum Interrupters Market by Oil & Gas, 2022 - 2028 (USD Billion)
  • 22. Global Vacuum Interrupters Market by Mining, 2022 - 2028 (USD Billion)
  • 23. Global Vacuum Interrupters Market by Transportation, 2022 - 2028 (USD Billion)
  • 24. Global Vacuum Interrupters Market by Others, 2022 - 2028 (USD Billion)
  • 25. Global Vacuum Interrupters Market share, by Region, 2022 and 2028
  • 26. North America Vacuum Interrupters Market, 2022 - 2028 (USD Billion)
  • 27. Europe Vacuum Interrupters Market, 2022 - 2028 (USD Billion)
  • 28. Asia Pacific Vacuum Interrupters Market, 2022 - 2028 (USD Billion)
  • 29. Latin America Vacuum Interrupters Market, 2022 - 2028 (USD Billion)
  • 30. The Middle-East and Africa Vacuum Interrupters Market, 2022 - 2028 (USD Billion)

Table Of Tables

  • 1. Global Vacuum Interrupters Market: Snapshot
  • 2. Drivers of the Vacuum Interrupters Market: impact analysis
  • 3. North America Vacuum Interrupters Market revenue, By By Rated Voltage, 2022 - 2028 (USD Billion)
  • 4. North America Vacuum Interrupters Market revenue, By By Application, 2022 - 2028 (USD Billion)
  • 5. North America Vacuum Interrupters Market revenue, By By End User, 2022 - 2028 (USD Billion)
  • 6. U.S. Vacuum Interrupters Market revenue, By By Rated Voltage, 2022 - 2028 (USD Billion)
  • 7. U.S. Vacuum Interrupters Market revenue, By By Application, 2022 - 2028 (USD Billion)
  • 8. U.S. Vacuum Interrupters Market revenue, By By End User, 2022 - 2028 (USD Billion)
  • 9. Canada Vacuum Interrupters Market revenue, By By Rated Voltage, 2022 - 2028 (USD Billion)
  • 10. Canada Vacuum Interrupters Market revenue, By By Application, 2022 - 2028 (USD Billion)
  • 11. Canada Vacuum Interrupters Market revenue, By By End User, 2022 - 2028 (USD Billion)
  • 12. Europe Vacuum Interrupters Market revenue, By By Rated Voltage, 2022 - 2028 (USD Billion)
  • 13. Europe Vacuum Interrupters Market revenue, By By Application, 2022 - 2028 (USD Billion)
  • 14. Europe Vacuum Interrupters Market revenue, By By End User, 2022 - 2028 (USD Billion)
  • 15. Germany Vacuum Interrupters Market revenue, By By Rated Voltage, 2022 - 2028 (USD Billion)
  • 16. Germany Vacuum Interrupters Market revenue, By By Application, 2022 - 2028 (USD Billion)
  • 17. Germany Vacuum Interrupters Market revenue, By By End User, 2022 - 2028 (USD Billion)
  • 18. France Vacuum Interrupters Market revenue, By By Rated Voltage, 2022 - 2028 (USD Billion)
  • 19. France Vacuum Interrupters Market revenue, By By Application, 2022 - 2028 (USD Billion)
  • 20. France Vacuum Interrupters Market revenue, By By End User, 2022 - 2028 (USD Billion)
  • 21. U.K. Vacuum Interrupters Market revenue, By By Rated Voltage, 2022 - 2028 (USD Billion)
  • 22. U.K. Vacuum Interrupters Market revenue, By By Application, 2022 - 2028 (USD Billion)
  • 23. U.K. Vacuum Interrupters Market revenue, By By End User, 2022 - 2028 (USD Billion)
  • 24. Italy Vacuum Interrupters Market revenue, By By Rated Voltage, 2022 - 2028 (USD Billion)
  • 25. Italy Vacuum Interrupters Market revenue, By By Application, 2022 - 2028 (USD Billion)
  • 26. Italy Vacuum Interrupters Market revenue, By By End User, 2022 - 2028 (USD Billion)
  • 27. Spain Vacuum Interrupters Market revenue, By By Rated Voltage, 2022 - 2028 (USD Billion)
  • 28. Spain Vacuum Interrupters Market revenue, By By Application, 2022 - 2028 (USD Billion)
  • 29. Spain Vacuum Interrupters Market revenue, By By End User, 2022 - 2028 (USD Billion)
  • 30. Rest of Europe Vacuum Interrupters Market revenue, By By Rated Voltage, 2022 - 2028 (USD Billion)
  • 31. Rest of Europe Vacuum Interrupters Market revenue, By By Application, 2022 - 2028 (USD Billion)
  • 32. Rest of Europe Vacuum Interrupters Market revenue, By By End User, 2022 - 2028 (USD Billion)
  • 33. Asia Pacific Vacuum Interrupters Market revenue, By By Rated Voltage, 2022 - 2028 (USD Billion)
  • 34. Asia Pacific Vacuum Interrupters Market revenue, By By Application, 2022 - 2028 (USD Billion)
  • 35. Asia Pacific Vacuum Interrupters Market revenue, By By End User, 2022 - 2028 (USD Billion)
  • 36. China Vacuum Interrupters Market revenue, By By Rated Voltage, 2022 - 2028 (USD Billion)
  • 37. China Vacuum Interrupters Market revenue, By By Application, 2022 - 2028 (USD Billion)
  • 38. China Vacuum Interrupters Market revenue, By By End User, 2022 - 2028 (USD Billion)
  • 39. Japan Vacuum Interrupters Market revenue, By By Rated Voltage, 2022 - 2028 (USD Billion)
  • 40. Japan Vacuum Interrupters Market revenue, By By Application, 2022 - 2028 (USD Billion)
  • 41. Japan Vacuum Interrupters Market revenue, By By End User, 2022 - 2028 (USD Billion)
  • 42. India Vacuum Interrupters Market revenue, By By Rated Voltage, 2022 - 2028 (USD Billion)
  • 43. India Vacuum Interrupters Market revenue, By By Application, 2022 - 2028 (USD Billion)
  • 44. India Vacuum Interrupters Market revenue, By By End User, 2022 - 2028 (USD Billion)
  • 45. South Korea Vacuum Interrupters Market revenue, By By Rated Voltage, 2022 - 2028 (USD Billion)
  • 46. South Korea Vacuum Interrupters Market revenue, By By Application, 2022 - 2028 (USD Billion)
  • 47. South Korea Vacuum Interrupters Market revenue, By By End User, 2022 - 2028 (USD Billion)
  • 48. South-East Asia Vacuum Interrupters Market revenue, By By Rated Voltage, 2022 - 2028 (USD Billion)
  • 49. South-East Asia Vacuum Interrupters Market revenue, By By Application, 2022 - 2028 (USD Billion)
  • 50. South-East Asia Vacuum Interrupters Market revenue, By By End User, 2022 - 2028 (USD Billion)
  • 51. Rest of Asia Pacific Vacuum Interrupters Market revenue, By By Rated Voltage, 2022 - 2028 (USD Billion)
  • 52. Rest of Asia Pacific Vacuum Interrupters Market revenue, By By Application, 2022 - 2028 (USD Billion)
  • 53. Rest of Asia Pacific Vacuum Interrupters Market revenue, By By End User, 2022 - 2028 (USD Billion)
  • 54. Latin America Vacuum Interrupters Market revenue, By By Rated Voltage, 2022 - 2028 (USD Billion)
  • 55. Latin America Vacuum Interrupters Market revenue, By By Application, 2022 - 2028 (USD Billion)
  • 56. Latin America Vacuum Interrupters Market revenue, By By End User, 2022 - 2028 (USD Billion)
  • 57. Brazil Vacuum Interrupters Market revenue, By By Rated Voltage, 2022 - 2028 (USD Billion)
  • 58. Brazil Vacuum Interrupters Market revenue, By By Application, 2022 - 2028 (USD Billion)
  • 59. Brazil Vacuum Interrupters Market revenue, By By End User, 2022 - 2028 (USD Billion)
  • 60. Mexico Vacuum Interrupters Market revenue, By By Rated Voltage, 2022 - 2028 (USD Billion)
  • 61. Mexico Vacuum Interrupters Market revenue, By By Application, 2022 - 2028 (USD Billion)
  • 62. Mexico Vacuum Interrupters Market revenue, By By End User, 2022 - 2028 (USD Billion)
  • 63. Rest of Latin America Vacuum Interrupters Market revenue, By By Rated Voltage, 2022 - 2028 (USD Billion)
  • 64. Rest of Latin America Vacuum Interrupters Market revenue, By By Application, 2022 - 2028 (USD Billion)
  • 65. Rest of Latin America Vacuum Interrupters Market revenue, By By End User, 2022 - 2028 (USD Billion)
  • 66. The Middle-East and Africa Vacuum Interrupters Market revenue, By By Rated Voltage, 2022 - 2028 (USD Billion)
  • 67. The Middle-East and Africa Vacuum Interrupters Market revenue, By By Application, 2022 - 2028 (USD Billion)
  • 68. The Middle-East and Africa Vacuum Interrupters Market revenue, By By End User, 2022 - 2028 (USD Billion)
  • 69. GCC Countries Vacuum Interrupters Market revenue, By By Rated Voltage, 2022 - 2028 (USD Billion)
  • 70. GCC Countries Vacuum Interrupters Market revenue, By By Application, 2022 - 2028 (USD Billion)
  • 71. GCC Countries Vacuum Interrupters Market revenue, By By End User, 2022 - 2028 (USD Billion)
  • 72. South Africa Vacuum Interrupters Market revenue, By By Rated Voltage, 2022 - 2028 (USD Billion)
  • 73. South Africa Vacuum Interrupters Market revenue, By By Application, 2022 - 2028 (USD Billion)
  • 74. South Africa Vacuum Interrupters Market revenue, By By End User, 2022 - 2028 (USD Billion)
  • 75. Rest of Middle-East Africa Vacuum Interrupters Market revenue, By By Rated Voltage, 2022 - 2028 (USD Billion)
  • 76. Rest of Middle-East Africa Vacuum Interrupters Market revenue, By By Application, 2022 - 2028 (USD Billion)
  • 77. Rest of Middle-East Africa Vacuum Interrupters Market revenue, By By End User, 2022 - 2028 (USD Billion)

Methodology

Free Analysis

Vacuum interrupters are the arc quenching chambers used in a circuit breaker. The chambers use vacuum medium for quenching of arc as the vacuum is good interrupter of charge as compared to air and oil. The technology was first developed in 1960 and still, advancements are going on. Vacuum interruption is environment-friendly coupled with less maintenance. The technology is designed for medium and high-voltage applications; however, commonly used for medium–voltage, its high voltage applications are not in commercial use due to the introduction of more advanced breakers in the market. 

The global vacuum interrupters market is primarily driven by replacement & refurbishment of aging infrastructure pairing with increasing investment in transmission and distribution infrastructure. In addition, growing demand from the utility sector, high economic growth and rapid urbanization in developing economies, and strengthening power distribution network in developing regions such as Africa are the key factors driving the vacuum interrupters demand. Furthermore, ongoing shift from oil and gas insulation to vacuum technology by the increasing environmental pollution is predicted to favor the vacuum interrupters market growth. On a contrary, the risk associated with loss of vacuum is expected to limit the vacuum interrupters market growth. Nonetheless, investments in renewable energy may disclose new avenues for vacuum interrupters market in the near future.

Global Vacuum Interrupters Market

Based on application, the global vacuum interrupters market is fragmented into circuit breakers, contactors, reclosers, load break switches, tap changers, and others. In 2017, contactors application held the largest market share. The circuit breaker is expected to be the most attractive application segment in the coming years due to the increasing investments in the power and energy sector. 

Utility, oil & gas, mining, transportation, and other sectors are the key end users of the vacuum interrupters market. The utility segment is the leader among other end users and is estimated to hold a significant market share in the analysis period due to growing advancements in power distribution sector along with a substantial growth in switchgear.

The Asia Pacific emerged as dominating the regional market for vacuum interrupters in 2017. Increasing number of transmission and distribution line upgradations and developments especially in the South East Asia region paired with rapid development in the commercial sector in countries such as India, Japan, China, and South Korea will drive the growth of the market in near future. Replacement & refurbishment of aging infrastructure is expected to be a major driving factor in North America & European vacuum interrupters market. Growing renewable power generation in Africa coupled with power infrastructure expansions scheduled in the Middle East is expected to spur the growth of vacuum interrupters market in the analysis period.

Major participants in the global vacuum interrupters market are ABB Ltd., Siemens AG, Shaanxi Baoguang Vacuum Electric Device, Crompton Greaves Limited, Actom, Meidensha Corporation, Mitsubishi Electric Corporation, LS Industries, Toshiba, Wuhan Feite Electronic, and Eaton Corporation, amongst others. Companies are majorly focusing on updating their existing product along with new product launch to maintain their position in the market. 

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FrequentlyAsked Questions

Rapid expansion of distribution and transmission can boost the market growth. In the future years, transportation and other related industries are likely to see a massive increase in electrification. This would result in a massive rise in the energy demand and, as a result, its generation, necessitating a billion-dollar investment in transmission over the following decade. The electrical transmission and distribution industry might attract more than USD 600 bn in investment. The electric car category is likely to get the majority of this investment. In addition to this expenditure, the existing transmission infrastructure must be maintained and integrated with power generated from renewable sources to fulfill the current electrical demand.

According to the Zion Market Research report, the global vacuum interrupters market was worth about 2.45 (USD billion) in 2021 and is predicted to grow to around 3.51 (USD billion) by 2028, with a compound annual growth rate (CAGR) of around 5.3 percent.

Asia Pacific is estimated to be the leading vacuum interrupter market. India, China, South Korea, and Japan are among the key nations regarded to be the primary vacuum interrupter production hubs. This region has experienced remarkable economic development in recent years. According to World Economic and Financial Surveys, the economic momentum in Asia Pacific's top economies is likely to stay robust, indicating policy stimulus in Japan and China, which benefits other Asian countries. The fast expansion of the economy would result in a rise in the demand for electricity. This would need a higher level of investment in electricity producing infrastructure.

 

Key players operating in the global vacuum interrupters market include ABB, Eaton, Crompton Greaves Limited, Siemens AG, LS Industrial System, Mitsubishi Electric Corporation, Shaanxi Baoguang Vacuum Electric Device Company Limited, Toshiba Corporation, Meidensha Corporation, ACTOM, Chengdu Zuguang Electronics Company Limited, Shaanxi Joyelectric International Company Limited, and Wuhan Feite Electric Company Limited.

 

 

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