The first five-year cumulative revenue (2017-2021) of vacuum interrupters market is projected to be US$ 9.7 Bn, which is expected to increase rather moderately over the latter part of the five-year forecast period. Increasing adoption of smart grid technology across the globe and increasing number of data centers globally are major factors driving growth of the global vacuum interrupters market.
Global Vacuum Interrupters Market: Segmental Snapshot
By application: The circuit breakers segment accounted for highest revenue share contribution in 2016, as compared to other type segments, and is expected to register a CAGR of over 6% between 2017 and 2026 as circuit breakers made using vacuum interrupters have longer span of life, gas emissions are relatively lower, and are maintenance-free, unlike other types of circuit breakers.
By End-use industry: The utilities segment is projected to account for highest revenue share as compared to that of other end use industry segments, and register a CAGR of around 6% over the forecast period owing to advantages such as high reliability, excellent switching capabilities with long electrical and mechanical life.
By region: The market in North America accounted for highest revenue share in the global vacuum interrupters market in 2016, and is expected to register a CAGR of over 6% between 2017 and 2026 owing to the presence of prominent vacuum interrupter manufacturers in the region.
Global Vacuum Interrupters Market: Competitive Analysis
The research report on the global vacuum interrupters market includes profiles of some of the major companies such as ABB Ltd., Eaton Corporation Plc, Meidensha Corporation, Schneider Electric SE, Siemens AG, Alstom SA, CoorsTek Inc., Toshiba Corporation, Turner Electric, Crompton Greaves Limited, Mitsubishi Electric Corporation, General Electric, and Tavrida Electric.
Source of Infographics: Vacuum Interrupters Market Infographics By MarketResearch