LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global vacuum contactors market report from 2017-2021. This market research report also lists 10 other prominent vendors that are expected to impact the market during the forecast period.
Competitive vendor landscape
According to the research analysis, the global vacuum contactors market has a strong presence of automation vendors in both medium-voltage and high-voltage vacuum contactors segments. Several core vendors in the market offer vacuum contactors to manufacturing industries based on their requirements. In terms of quality, reliability, durability, and technological innovations, the global vendors dominate the market. The major players in the global vacuum contactors market are ABB, GE, Siemens AG, Schneider Electric, and Toshiba. The key players are focusing on diversifying their geographical presence in growing market in regions such as Asia and Europe.
According to Kalle Palli Rama Deepak, a lead analyst at Technavio for automation research, “The leading vendors in the vacuum contractors market are investing in upgrading their technology to attract new customers by offering a wide range of products at competitive prices. Some vendors are also trying to specialize in few end-user segments rather than focusing on all the segments to attain a strong position in the targeted customer segment.”
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Technavio market research analysts identify the following key vendors:
ABB provides power technologies products and automation solutions to diverse industries, including manufacturing, utilities, transport, automotive, and infrastructure industries. The company is trying to maintain a competitive position in terms of product offerings with consulting, innovative design, and advanced software-based services. ABB is also focusing on strengthening cross-business customer collaboration to simplify and enhance its internal processes.
GE manufactures and distributes products and services, including oil and gas production equipment, industrial products, power generation, aircraft engines, and consumer financing. The company offers limitamp vacuum contactors that use the same bolted fuse and clip like that in air break contactors. This product offers quick interruption that helps in reducing the arc energy and results in low contact wear.
Siemens AG has its core activities in the field of energy, industry, healthcare, and infrastructure. The company has a strong process instrumentation portfolio, providing transmitters used in various applications. These process instruments are used for measuring flow, pressure, temperature, and level. In addition, the company offers process recorders, process controllers, electro-pneumatic positioners, and industrial wireless sensors.
Schneider Electric manufactures and provides connected technologies and solutions to manage energy and process. It has reinforced its power in software critical power and smart grid application. In 2016, Schneider Electric and Panasonic partnered to simplify energy management through innovative integration to optimize building efficiency and installation cost.
Toshiba provides electrical and electronic products and systems. It has four strategic business segments such as storage and electronic devices solutions, infrastructure systems and solutions, energy systems and solutions, and industrial ICT solutions.
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