Vacuum interrupters are among the core components of medium-voltage switches, in which electrical contacts are sealed in a vacuum. Vacuum interrupters are installed in circuit breakers, switchgears, load break switches, load break switches, reclosers, contactors, tap changers, railway circuit breakers, etc.
Increasing demand for vacuum interrupters from end-use industries such as utilities, transportation, mining etc. especially in developing countries is major factor expected to drive growth of the global market over the forecast period. In addition, rising adoption of smart grid technology across the globe, in which vacuum interrupters are considered as an essential component used in switch disconnectors and reclosers in established smart grids is another factor expected to fuel growth of the target market.
The contactor application segment in the global vacuum interrupters market is estimated to account for revenue share of over 31% in 2017, owing to increasing power consumption and expanding power distribution networks across the globe are major factors expected to drive growth of the combiner application segment.
North America market accounted for major revenue share of over 25% in the global vacuum interrupters market in terms of revenue, and is expected to continue its dominance over the forecast period, owing to stringent government regulations prohibiting release of greenhouse gases into the atmosphere and increasing demand for vacuum interrupters in various end-use industries in countries in the region.
he market in Europe accounted for significant market share in terms of revenue over the forecast period in the global vacuum interrupters market, owing to increasing demand for energy, coupled with increasing focus on power generation using renewable energy resources, and initiatives by governments to modernize electrical grids and transmission networks in various countries in the region.
The market in Southeast Asia accounted for revenue share of over 8.0% in the global vacuum interrupters market in 2016, and was valued at over US$ 140 Mn. It is projected to reach nearly US$ 255 Mn in 2026, at a CAGR of over 5% between 2016 & 2026.
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