A vacuum interrupter uses electrical contacts in a vacuum. It primarily helps in preventing accidents and damages of electrical equipment. They have applications in utility, oil & gas, and transportation industries as they require a continuous power supply. The utility sector has a significant market share. Increasing construction and development activities of the government in the developing countries is boosting its market. Increasing concern towards nature has shifted the market towards gas-free insulators from the interrupter market from gas insulation interrupters. Environmentally friendly and easily recyclable technology of vacuum interrupter is increasing its demand. It also helps in cost-cutting by eliminating power cuts. Geographically, Asia Pacific region has significant market share owing to the presence of key market players in the region. Also, increasing investments of governments in construction and development activities, and growing environmental concerns in the region is boosting the market.
The high cost of vacuum interrupter and the risk of malfunctioning of the device are hampering its market. Lack of awareness among the consumer and improper government policies are also a major challenge for the market. However, inclination towards a renewable source of energy and increasing demand for electricity due to an increasing population will boost the market. Modernization and up-gradation of existing equipment will further boost its market.
The “Vacuum interrupter market – Forecasts from 2019 to 2024” is an exhaustive study which aims to present the key market trends through various chapters focusing on different aspects of the market. The study provides a detailed market overview through the market dynamics sections which detail key market, drivers, restraints, and opportunities in the current market. The report analyzes key opportunity regional markets, and the current technology penetration through lifecycle analysis. The report also analyzes the market through comprehensive market segmentation by end-user, application, and geography.
The Vacuum interrupter market on segmented based on end-user, application, and geography. Based on end-user the market has been segmented into Oil & Gas, Mining, and Utilities & Transportation. By application, the market has been classified into the circuit breaker, load breaker, tap charger, and recloser.
Regional analysis has been provided with detailed analysis and forecast for the period 2018 to 2024. The global market has been broken down into North America, South America, Europe, Middle East and Africa, and the Asia Pacific regions. The report also analyzes 15 countries across these regions with thorough analysis and forecast along with prevailing market trends and opportunities which each of these countries present for the manufacturers.
Major players in the Vacuum interrupter market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the Vacuum interrupter market.
Oil & Gas
Utilities & Transportation
Middle East and Africa