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The market for vacuum contactors is anticipated to expand at a 7.77% CAGR and USD 5,773.9 Million during the forecast period.
The global vacuum contactor market is anticipated to grow significantly during the forecast period as a result of investments in HVAC systems, governmental demands for energy efficiency, and the use of ecologically friendly refrigerants. The market's significant vacuum contactor trend will also be the rise in demand for efficient electric equipment across sectors. A vacuum contactor is an electrically controlled switch that is used to open or close an electrical circuit with the aid of a vacuum interrupter, relay, and fuse. This switch is frequently found in medium voltage quick switching equipment, including switchgear, control equipment, and motor starters. Vacuum contactors are extensively used in HVAC systems because refrigeration, cooling, and ventilation equipment needs an AC motor system. As a result, the market will be propelled by HVAC system expansion on a global scale.
The process industries, manufacturing sectors, commercial, and sizable residential complexes that use HVAC systems would be the market's main drivers. The demand for HVAC systems in Asian nations has been spurred by the region's hot climate and rising urbanisation. Additionally, the demand for vacuum contactors is anticipated to increase in tandem with the rise in the need for fast-switching devices.
The Vacuum Contactor Market is anticipated to expand quickly over the course of the forecast period due to a number of factors, including the expansion of the process industries, which will boost demand for vacuum contactors in HVAC systems. Similar to how expansion in the markets for motors, capacitors, switchgear, and transformers would help vacuum contactors grow as well.
Vacuum contactor's global market has been divided into sections based on region, end-user, application, and voltage rating. The market is divided into six groups based on applications, including generators, pumps, variable frequency drives, power transmitters, and switchgears. The six categories are motors, transformers, capacitors, reactors, resistive loads, and other applications. Because their systems are more dependable in tough conditions, motors and transformers have a bigger market share for vacuum contactors. Vacuum contactors are also necessary for heavy-duty cycling of motors in order to start and control them reliably.
With the aid of a vacuum interrupter, relay, and fuse, a vacuum contactor is an electrically controlled switch that is used to create or interrupt an electrical circuit. This switch is generally utilised in motor starters, switchgear, and control gear of medium voltage quick switching systems. Given that refrigeration, cooling, and ventilation equipment require an AC motor system, hoover contactors are also frequently employed in HVAC systems. Therefore, the market would be driven by the solid global expansion of HVAC systems.
The market would be driven by a constant rise in investments and upgrades in the manufacturing, commercial, and major residential complexes that use HVAC systems. Asian counties have hot climates and increasing urbanisation, which has increased demand for HVAC systems. Furthermore, it is thought that the rising demand for fast-switching devices would have an equal upswing on the demand for vacuum contactors.
Demand for vacuum contactors would be driven by the need to reduce the amount of power used by machines since they help to control power use to prevent a sudden increase in load on the motor. Vacuum contactors are therefore being installed by power utilities and other companies to reduce the amount of energy used by their systems and to safeguard the electrically linked equipment, ultimately enhancing system security.
Due to the usage of environmentally friendly refrigerants, government requirements on energy efficiency, and investments in HVAC systems, the global vacuum contactor market is anticipated to expand significantly during the forecast period. The primary vacuum contactor trend in the market will also be the increasing demand for efficient electric equipment in businesses. The hoover contactor's biggest market is in Asia Pacific. Vacuum contactor sales would increase as urbanisation increases and process industries like paper & pulp, cement, and metal processing experience significant expansion. During the projection period, North America is anticipated to be the second-largest market for vacuum contactors. The need for vacuum contactors is being driven by the replacement of outdated T&D infrastructure in the US and rising demand for dependable power.
Report Coverage
Global Vacuum Contactor research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Vacuum Contactor report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Vacuum Contactor competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Vacuum Contactor market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Vacuum Contactor market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Vacuum Contactor market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
General Electric (US), Schneider Electric (France), ABB (Switzerland), Siemens (Germany), Toshiba Corporation (Japan), Eaton Corporation (Ireland), Mitsubishi Electric (Japan), Larsen & Toubro (India), Rockwell Automation (US), and Crompton Greaves (India)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Vacuum Contactor market based on the below-mentioned segments:
Global Vacuum Contactor Market, By Voltage Rating
Less than 5kV
5kV to 10kV
11kV to 15kV
More than 15kV
Global Vacuum Contactor market, By Application
Motors
Transformers
Reactors
Capacitors
Resistive loads
Global Vacuum Contactor Market, By End User
Utilities
Industrial
Commercial
Oil & Gas
Mining
Others
Global Vacuum Contactor market, Regional Analysis
The global vacuum contactor market is anticipated to grow significantly during the forecast period as a result of investments in HVAC systems, governmental demands for energy efficiency, and the use of ecologically friendly refrigerants. The market's significant vacuum contactor trend will also be the rise in demand for efficient electric equipment across sectors. A vacuum contactor is an electrically controlled switch that is used to open or close an electrical circuit with the aid of a vacuum interrupter, relay, and fuse. This switch is frequently found in medium voltage quick switching equipment, including switchgear, control equipment, and motor starters. Vacuum contactors are extensively used in HVAC systems because refrigeration, cooling, and ventilation equipment needs an AC motor system. As a result, the market will be propelled by HVAC system expansion on a global scale.
The process industries, manufacturing sectors, commercial, and sizable residential complexes that use HVAC systems would be the market's main drivers. The demand for HVAC systems in Asian nations has been spurred by the region's hot climate and rising urbanisation. Additionally, the demand for vacuum contactors is anticipated to increase in tandem with the rise in the need for fast-switching devices.
The Vacuum Contactor Market is anticipated to expand quickly over the course of the forecast period due to a number of factors, including the expansion of the process industries, which will boost demand for vacuum contactors in HVAC systems. Similar to how expansion in the markets for motors, capacitors, switchgear, and transformers would help vacuum contactors grow as well.
Vacuum contactor's global market has been divided into sections based on region, end-user, application, and voltage rating. The market is divided into six groups based on applications, including generators, pumps, variable frequency drives, power transmitters, and switchgears. The six categories are motors, transformers, capacitors, reactors, resistive loads, and other applications. Because their systems are more dependable in tough conditions, motors and transformers have a bigger market share for vacuum contactors. Vacuum contactors are also necessary for heavy-duty cycling of motors in order to start and control them reliably.
With the aid of a vacuum interrupter, relay, and fuse, a vacuum contactor is an electrically controlled switch that is used to create or interrupt an electrical circuit. This switch is generally utilised in motor starters, switchgear, and control gear of medium voltage quick switching systems. Given that refrigeration, cooling, and ventilation equipment require an AC motor system, hoover contactors are also frequently employed in HVAC systems. Therefore, the market would be driven by the solid global expansion of HVAC systems.
The market would be driven by a constant rise in investments and upgrades in the manufacturing, commercial, and major residential complexes that use HVAC systems. Asian counties have hot climates and increasing urbanisation, which has increased demand for HVAC systems. Furthermore, it is thought that the rising demand for fast-switching devices would have an equal upswing on the demand for vacuum contactors.
Demand for vacuum contactors would be driven by the need to reduce the amount of power used by machines since they help to control power use to prevent a sudden increase in load on the motor. Vacuum contactors are therefore being installed by power utilities and other companies to reduce the amount of energy used by their systems and to safeguard the electrically linked equipment, ultimately enhancing system security.
Due to the usage of environmentally friendly refrigerants, government requirements on energy efficiency, and investments in HVAC systems, the global vacuum contactor market is anticipated to expand significantly during the forecast period. The primary vacuum contactor trend in the market will also be the increasing demand for efficient electric equipment in businesses. The hoover contactor's biggest market is in Asia Pacific. Vacuum contactor sales would increase as urbanisation increases and process industries like paper & pulp, cement, and metal processing experience significant expansion. During the projection period, North America is anticipated to be the second-largest market for vacuum contactors. The need for vacuum contactors is being driven by the replacement of outdated T&D infrastructure in the US and rising demand for dependable power.
Report Coverage
Global Vacuum Contactor research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Vacuum Contactor report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Vacuum Contactor competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Vacuum Contactor market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | General Electric (US), Schneider Electric (France), ABB (Switzerland), Siemens (Germany), Toshiba Corporation (Japan), Eaton Corporation (Ireland), Mitsubishi Electric (Japan), Larsen & Toubro (India), Rockwell Automation (US), and Crompton Greaves (India) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Vacuum Contactor Market from 2021 to 2030.
- Market Forecast for Vacuum Contactor Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Vacuum Contactor competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Vacuum Contactor
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Vacuum Contactor market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Vacuum Contactor market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
General Electric (US), Schneider Electric (France), ABB (Switzerland), Siemens (Germany), Toshiba Corporation (Japan), Eaton Corporation (Ireland), Mitsubishi Electric (Japan), Larsen & Toubro (India), Rockwell Automation (US), and Crompton Greaves (India)
Primary Target Market
- Market Players of Vacuum Contactor
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Vacuum Contactor market based on the below-mentioned segments:
Global Vacuum Contactor Market, By Voltage Rating
Less than 5kV
5kV to 10kV
11kV to 15kV
More than 15kV
Global Vacuum Contactor market, By Application
Motors
Transformers
Reactors
Capacitors
Resistive loads
Global Vacuum Contactor Market, By End User
Utilities
Industrial
Commercial
Oil & Gas
Mining
Others
Global Vacuum Contactor market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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