Vacuum Contactor Market Industry Challenges, Analysis, Overview, Drivers, Opportunities, Trends, Applications, Segment and Regional Forecast To 2023

Vacuum Contactor Market Industry Challenges, Analysis, Overview, Drivers, Opportunities, Trends, Applications, Segment and Regional Forecast To 2023

“Vacuum Contactor Market”
Global Vacuum Contactor Market held a market is expected to grow at 8.02% CAGR during the forecast period. The report summarizes market review of the key segments in the market such as by Information by Voltage Rating, by Application, End-User and Region.

Vacuum Contactor is an electrical device that is used for load breaking through the help of a controlled switch. Vacuum interrupting contacts are enclosed inside a vacuum bottle, which prevents the development of arc when there is a voltage fluctuation. Some of the major applications of vacuum contactors are in motors, transformers, capacitors, reactors, and resistive loads, among others. Many industries such as oil and gas, commercial, mining, utilities, and others require vacuum contactors to protect their expensive equipment.

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Need for reduction of use of power in machineries would drive the demand for vacuum contactors as it helps to regulate power use to prevent a sudden increase in load in the motor. Therefore, power utilities and other industries are installing vacuum contactors help to reduce the power consumption in their systems and help to protect the equipment that is connected to an electrical network, leading to safety of overall system.

Segmental Analysis

Global vacuum contactor market has been segmented based on Voltage Rating, application, end-user, and region.

On the basis of voltage rating, the market is classified into Less than 5kV, 5kV to 10kV, 11kV to 15kV, and more than 15kV.

Based on applications, the market is classified into six categories, namely, motors, transformers, capacitors, reactors, resistive loads, and other applications such as generators, pumps, variable frequency drive, power transmitter, and switchgears.

Regional Outlook

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.

Prominent Players

The key players of the global vacuum contactor market 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), among others.

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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)

Table 6 South America Vacuum Contactor Market, By Country, 2016-2023 (USD Million)

Table 7 Global Vacuum Contactor Market, By Voltage Rating, 2016-2023 (USD Million)

Table 8 North America Vacuum Contactor Market, By Voltage Rating, 2016-2023 (USD Million)

Table 9 Europe Vacuum Contactor Market, By Voltage Rating, 2016-2023 (USD Million)

Table 10 Asia-Pacific Vacuum Contactor Market, By Voltage Rating, 2016-2023 (USD Million)

Table 11 Middle East & Africa Vacuum Contactor Market, By Voltage Rating, 2016-2023 (USD Million)

Table 12 South America Vacuum Contactor Market, By Voltage Rating, 2016-2023 (USD Million)

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