Vacuum Interrupters Market By Application (Circuit breakers, Contactors, Load Break Switches, Tap Changers, Reclosers, Others (generator breakers and railway breakers)) By End Use Industry (Utilities, Oil & Gas, Minin) and Region - Global Forecast to 2026

The Vacuum Interrupters Market Report offers in-depth insights, revenue details, and other vital information regarding the global vacuum interrupters market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2026.

Request Covid - 19 Impact

The Vacuum Interrupters Market report includes PEST analysis, Porter’s Five Forces analysis, and opportunity map analysis for an in-depth understanding of the market.

The Vacuum Interrupters Market report offers insightful and detailed information regarding the various key players operating in the global vacuum interrupters market, their financials, technological innovations, and key developments, apart from future strategies, SWOT analysis, acquisitions & mergers, and market footprint.

The global vacuum interrupters market is segmented on the basis of application, end-use industry, and region.

Vacuum Interrupters Market Overview:

“The Vacuum Interrupters Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

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, switchgear, load break switches, load break switches, reclosers, contactors, tap changers, railway circuit breakers, etc.

Vacuum interrupters are mostly used in utility power transmission systems, power distribution systems for railways, and industrial plants.

Vacuum Interrupters Market Dynamics:

Increasing demand for vacuum interrupters from end-use industries such as utilities, transportation, mining, etc. especially in developing countries is a major factor expected to drive the growth of the global market over the forecast period.

In addition, the rising adoption of smart grid technology across the globe, in which vacuum interrupters are considered an essential component used in switch disconnectors and reclosers in established smart grids is another factor expected to fuel the growth of the target market.

Report Coverage and Deliverables

PDF report and online dashboard will help you understand:

• Competitive benchmarking
• Market forecasts
• Company market shares
• Market opportunities
• Latest trends & dynamics

Request a Free Sample Copy

View Infographic

However, high equipment costs and lack of awareness regarding the usage and working of vacuum interrupters are major factors expected to restrain the growth of the global vacuum interrupters market over the forecast period.

The current trend in the target market is the integration of renewable energy sources into power grids. This factor is expected to drive the growth of the global market to a significant extent over the forecast period.

Vacuum Interrupters Market Analysis by Application:

Among all application segments, the circuit breakers application segment in the global vacuum interrupters market is expected to register a CAGR of over 6% over the forecast period, owing to factors such as longer life span, lower gas emissions, and lower maintenance cost, which are expected to drive revenue growth of the circuit breakers application segment.

The contactor application segment in the global vacuum interrupters market is estimated to account for a 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 the growth of the combiner application segment.

Load break switches application segment in the global vacuum interrupters market is estimated to account for a revenue share of over 17%, owing to increasing government initiatives to promote renewable energy generation and to undertake the renovation of old electrical infrastructure are expected to drive this segment over the forecast period.

Vacuum Interrupters Market Analysis by end-use industry:

Among all the end-use industry segments, the utility segment is projected to register the highest CAGR of over 6%, owing to the increasing installation of power infrastructure across the globe.

Vacuum Interrupters Market Analysis by Region:

North American market accounted for a 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 the release of greenhouse gases into the atmosphere and increasing demand for vacuum interrupters in various end-use industries in countries in the region.

The market in China is expected to register the highest CAGR of over 6% in the global market in terms of revenue and is expected to continue its growth over the forecast period in the global vacuum interrupters market, owing to stringent government initiatives for expansion and modernization of electric transmission grids and distribution infrastructure coupled with an increasing focus on renewable energy sources.

Moreover, rapid industrialization coupled with growing energy demand from both the commercial and private sectors, are major factors expected to boost the adoption of vacuum interrupters and in turn fuel the growth of the China market over the forecast period.

The market in Europe accounted for a 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 an 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 major factor driving demand for vacuum interrupters, which in turn is boosting the growth of the Indian market is increasing government initiatives for the development and expansion of electric grid infrastructure in the country.

For Instance, In October 2017, the Ministry of Railways announced, a plan to completely electrify the national rail network before 2021 (at an annual pace of 4,000 Km), at an estimated cost of approximately 35,000 crores (US$ 5.67 Bn).

Moreover, growing power demand, rapid industrialization, and developments in the commercial sector are other factors expected to boost demand for vacuum interrupters and fuel growth of the Indian market over the forecast period

The market in Southeast Asia accounted for a 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.

An increasing number of domestic manufacturers and distributors of vacuum interrupters, coupled with prominent international players expanding their presence in countries in the region, are major factors driving the growth of the Southeast Asia vacuum interrupters market.

In addition, an increasing number of government initiatives for the development of power transmission and distribution networks, coupled with an increasing number of subsidies and tax cuts offered by governments in countries in the region for renewable energy projects, are other factors expected to drive demand for vacuum interrupters.

This is further anticipated to boost the growth of the Southeast Asia market over the forecast period.

Moreover, increasing focus on the expansion of electric grids by governments in countries in the region, especially in Indonesia and Singapore for providing access to electricity in rural areas, is another factor expected to fuel the growth of the Southeast Asia vacuum interrupters market.

Vacuum Interrupters Market segmentation:

Segmentation by vacuum interrupters market application:

• Circuit breakers
• Contactors
• Load Break Switches
• Tap Changers
• Reclosers
• Others (generator breakers and railway breakers)

Segmentation by vacuum interrupters market end-use industry:

• Utilities
• Oil & Gas
• Mining
• Transportation
• Others (wind turbines and data centers)

Segmentation by vacuum interrupters market region:

• North America
• China
• Europe
• Southeast Asia
• Japan
• India