Vacuum contactor is a switch that is electrically controlled and with the help of a vacuum interrupter, relay and fuse is used to make or break an electrical circuit. It is mainly found in motor starters, switchgear and control gear of medium voltage fast switching devices. Globally, development of efficient and advanced technology, rising public lighting system, flourishing HVAC systems around the world, and increasing awareness to save electricity are the prime growth drivers of the vacuum contactor market.
In addition, the emergence of Magnetic Levitation Transportation System, increase in adoption of vacuum contactor for application in new industrial verticals, and emerging economies such as China, India and others, will create new opportunities for the vacuum contactor market. However, the risks associated with loss of vacuum in the vacuum contactor, and higher cost of vacuum contactor as compared to conventional systems are the key restraints for the vacuum contactor market.
Geographically, Asia Pacific dominated the vacuum contactor market, followed by North America. Asia Pacific is projected to have the fastest growth, owing to a rapidly increasing number of transmission and distribution line up gradations, rise in industrial sector, and growing power demand, industrialization and urbanization in developing nations such as China, and India in this region. Among all the applications, transformer has the highest market share in the vacuum contactor market due to a spur in number of substations. Industrial sector is the market leader among all types of end user industry.
- Larsen & Toubro Limited
- Rockwell Automation, Inc.
- Crompton Greaves Limited
- LS Industrial Systems Co., Ltd.
- General Electric Company
- Siemens AG
- Toshiba Corporation
- ABB Ltd.
- Mitsubishi Electric Corporation
Key Topics Covered:
1. Vacuum Contactor Market Overview
2. Executive Summary
3. Vacuum Contactor Market Landscape
4. Market Forces
5. Strategic Analysis
6. Vacuum Contactor Market, By Voltage Rating
7. Vacuum Contactor Market, By Application
8. Vacuum Contactor Market, By End User Industry
9. Vacuum Contactor Market, By Geography
10. Vacuum Contactor - Entropy
11. Company Profiles
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