Vacuum Interrupter Market Research Report - Global Forecast till 2030

Vacuum Interrupter Market Research Report: Information by Rated Voltage (0–15 kV, 15–30 kV and Above 30 kV), Contact Structure (Flat Contact, Spiral Contact and Axial Magnetic/Field Contact), Application (Circuit Breaker, Load Break Switch, Recloser, Contactor, Tap Changer and others), End-Use Industry (Utilities, Oil & Gas, Mining Sector, Transportation Sector and others) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and South America) - Forecast till 2030

ID: MRFR/E&P/7115-HCR | November 2022 | Region: Global | 111 Pages         

Vacuum Interrupter Market

Vacuum Interrupter Market size is projected to reach USD 3.64 Billion by 2025, with 6.53% CAGR during the forecast period.

Segmentation

By Rated Voltage 0–15 kV 15–30 kV Above 30 kV
By Contact Structure Flat Contact Spiral Contact Axial Magnetic/Field Contact
By Application Circuit Breaker Load Break Switch Recloser Contactor Tap Changer Others
By End-Use Industry Utilities Oil & Gas Mining Sector Transportation Sector Others

Key Players

  • ABB (Switzerland)
  • Eaton (Ireland)
  • Siemens (Germany)
  • General Electric (US)
  • LSIS Co. Ltd. (South Korea)
  • Mitsubishi Electric Corporation (Japan)
  • Toshiba Corporation (Japan)
  • Shaanxi Baoguang Vacuum Electric Device Co. Ltd. (China)
  • Meidensha Corporation (Japan)
  • Wuhan Feite Electric Co. Ltd. (China)
  • Chengdu Xuguang Electronics Co. Ltd. (China)
  • Shaanxi Joyelectric International Co. Ltd. (China)
  • Crompton Greaves Limited (India)
  • Kirloskar Electric Company (India)

Drivers

  • Demand for uninterrupted power supply from utilities
  • Expansion of transmission & distribution networks
  • Increasing rate of industrialization & urbanization
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Vacuum Interrupter Market size is projected to grow at 6.53% CAGR during the forecast period 2022-2030 with expansion of transmission & distribution networks.


Vacuum Interrupter Market Scenario


Due to the increased demand for improving the power distribution network in emerging nations, the Global Vacuum Interrupter Market is likely to grow rapidly during the forecast period. The vacuum interrupter is a better-for-the-environment alternative to SF6. They're vacuum-sealed ceramic bottles with stainless steel bellows that allow for electrical contact movement while opening and closing. Vacuum interrupter contact materials are chosen based on parameters such as residual gas concentration, erosion behavior, welding, breaking capacity, contact resistance, and chopping current.


The expansion of transmission and distribution networks, as well as the increasing rate of industrialization and urbanization, are the primary factors driving the global market. The global vacuum interrupter market will benefit from the demand for uninterruptible power supply (UPS) from utilities. In the coming years, transportation and other related sectors are likely to see a massive increase in electrification. The mentioned things would result in a massive rise in the energy demand and, as a result, its generation, necessitating a billion-dollar investment in transmission over the following decade.


The major factors driving the growth of the global vacuum interrupter market include the expansion of transmission & distribution networks and the increasing rate of industrialization & urbanization. For instance, in May 2016, the Asian government developed 15-year National Distribution Grid Expansion Plan under the Asian Development Bank’s (ADB) support, which covers the technical, financial, and economic aspects of distribution expansion in PNG Power Ltd. Under this plan, the government has set a target of 70% electrification by 2030. However, the demand for uninterrupted power supply from utilities would act as an opportunity for the global market.


Vacuum Interrupter Market Key Players


The Key Players operating in the Global Market are ABB (Switzerland), Eaton (Ireland), Siemens (Germany), General Electric (US), LSIS Co. Ltd. (South Korea), Mitsubishi Electric Corporation (Japan), Toshiba Corporation (Japan), Shaanxi Baoguang Vacuum Electric Device Co., Ltd. (China), Meidensha Corporation (Japan), Wuhan Feite Electric Co., Ltd. (China), Chengdu Xuguang Electronics Co., Ltd. (China), Shaanxi Joyelectric International Co., Ltd. (China), Crompton Greaves Limited (India), and Kirloskar Electric Company (India).


Industry News



  • Under the backing of the Asian Development Bank (ADB), the Asian government produced a 15-year National Distribution Grid Development Plan in May 2016, which covers the technical, financial, and economic aspects of distribution expansion in PNG Power Ltd. The government has set a target of 70% electrification by the end of the forecast period under this plan.

  • ABB signed a deal with Network Rail (UK) in July 2017 to supply medium voltage vacuum circuit breakers for the East Coast Main Line power improvement project's power infrastructure. This contract has aided the company's expansion in the United Kingdom. In Tajikistan and Pakistan, ABB provided High-Voltage Direct Current (HVDC) converter stations. This particular project was part of a World Bank-backed contract that will be carried out in a collaboration with Cobra, a Spanish Engineering, Procurement, and Construction (EPC) firm.


Many major players such as ABB, Siemens, and Eaton are actively focusing on signing contracts and agreements with utilities and industries to supply vacuum interrupter switches and vacuum circuit breakers. For instance, in July 2017, ABB has signed a contract with Network Rail (UK) to supply medium voltage vacuum circuit breakers to upgrade the power infrastructure for its East Coast Main Line power upgrade project. This contract has helped the company expand its business in the UK. However, the lack of existing government policies for vacuum interrupter testing is expected to restrain the growth of the vacuum interrupter market.


Vacuum Interrupter Market Segmentation


The Global Market has been segmented based on rated voltage, contact structure, application, end-use industry, and region. Based on rated voltage, the global market is segmented into 0–15 kV, 15–30 kV, and above 30 kV. The 0–15 kV segment is expected to hold the largest share of the market and is expected to be the fastest-growing segment during the forecast period. This is because electrical interrupter switch included in this voltage range has extensive applications in electricity distribution substations and industries, such as mining and oil & gas. Based on the contact structure, the global market is segmented into flat contact, spiral contact, and axial magnetic/field contact. The spiral contact segment is expected to hold the largest market share and grow with the highest CAGR during the forecast period. Based on application, the global vacuum interrupter market has been segmented into a circuit breaker, load break switch, recloser, contactor, tap changer, and others. The circuit breaker segment is expected to hold the largest share of the market due to the growing demand for electric power transmission and increasing manufacturing industries, infrastructure development, and urbanization in developing countries. Based on end-use industry, the global market is segmented into utilities, oil & gas, mining sector, transportation sector, and others. The utility segment is expected to hold the largest market share and be the fastest-growing segment during the forecast period due to the need for new electrical gadgets and the increasing demand for electricity and utility services.Vacuum Interrupter Market


The Global Vacuum Interrupter Market is expected to witness high growth during the forecast period owing to the growing demand for enhancing the power distribution network in developing countries.


Vacuum Interrupter Market Regional Analysis


Based on region, the global vacuum interrupter market is segmented into Asia-Pacific, North America, Europe, the Middle East & Africa, and South America. Asia-Pacific holds the largest share of the market owing to the presence of several major vacuum interrupter manufacturers and the rapid growth of the transmission & distribution sector in the region.


The vacuum interrupter is an environment-friendly substitute to the SF6. They are vacuum-sealed ceramic bottles with stainless steel bellows to allow electrical contact movement in opening and closing operations. The contact materials for vacuum interrupters are selected by considering the factors such as residual gas content, erosion behavior, welding, breaking capacity, contact resistance, and chopping current.


Intended Audience



  • Government and research organizations

  • Consulting companies in the vacuum interrupter market

  • Raw material suppliers

  • Research consultants

  • Investors and shareholders



Report Scope:

Report Attribute/Metric Details
  Market Size

  • 2025: USD 3.64 Billion
  • 2030: Significant Value
  •   CAGR   6.53% CAGR (2022-2030)
      Base Year   2021
      Forecast Period   2022-2030
      Historical Data   2019 & 2020
      Forecast Units   Value (USD Billion)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   Rated Voltage, Contact Structure, Application and End-Use Industry
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   ABB (Switzerland), Eaton (Ireland), Siemens (Germany), General Electric (US), LSIS Co. Ltd. (South Korea), Mitsubishi Electric Corporation (Japan), Toshiba Corporation (Japan), Shaanxi Baoguang Vacuum Electric Device Co., Ltd. (China), Meidensha Corporation (Japan), Wuhan Feite Electric Co., Ltd. (China), Chengdu Xuguang Electronics Co., Ltd. (China), Shaanxi Joyelectric International Co., Ltd. (China), Crompton Greaves Limited (India), and Kirloskar Electric Company (India)
      Key Market Opportunities

  • Demand for uninterrupted power supply from utilities
  • New product launches and R&D amongst major key players
  •   Key Market Drivers

  • Expansion of transmission & distribution networks
  • Increasing rate of industrialization & urbanization


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    Frequently Asked Questions (FAQ) :

    The market growth rate in the years ahead can be 6.53%.

    The global market for vacuum interrupter can touch a valuation of USD 3.64 Billion by 2025.

    Wuhan Feite Electric Co., Ltd. (China), LSIS Co. Ltd. (South Korea), Chengdu Xuguang Electronics Co., Ltd. (China), ABB (Switzerland), Meidensha Corporation (Japan), Shaanxi Baoguang Vacuum Electric Device Co., Ltd. (China), Siemens (Germany), Toshiba Corporation (Japan), Mitsubishi Electric Corporation (Japan), Crompton Greaves Limited (India), General Electric (US), Eaton (Ireland), Shaanxi Joyelectric International Co., Ltd. (China), Kirloskar Electric Company (India), are the prominent companies in the market.

    North America, Asia Pacific, the Middle East & Africa, South America and Europe are the primary regions where the market is expected to grow in the coming years.

    The significant end-users in the global market are oil & gas, utilities, transportation sector, mining sector, and others.