Market Overview:
The global vacuum contactor market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for vacuum contactors in various applications, such as utilities sector, industrial sector, oil & gas sector, commercial sector and mining sector. In addition, the growing demand for energy-efficient equipment is also contributing to the growth of this market. Based on type, the global vacuum contactor market can be segmented into less than 5kv voltage rating, from 5kv to 10kv voltage rating, from 10kv to 15 kV voltage rating and more than 15 kV voltage rating. Based on application, the global vacuum contactor market can be segmented into utilities sector (including power generation plants and substations), industrial sector (including chemical processing plants and metal production facilities), oil & gassector (including upstream exploration and downstream refining activities), commercialsector( including office buildingsand retail outlets)and miningsector( including underground minesand open-pit mines).
Product Definition:
A vacuum contactor is an electromechanical device used to control the power to a motor. It does this by opening and closing a set of contacts that allow current to flow through the motor.
Less Than 5kv Voltage Rating:
The less than 5kv voltage rating is used for the Vacuum Contactor which is a device that controls and monitors the flow of high voltage electricity in a circuit. The usage of this product has increased over time owing to its safety, reliability, and quality attributes. It’s ability to control power fluctuations in low-voltage applications makes it suitable for use in various industries such as oil & gas, petrochemical plants, pulp & paper mills among others.
From 5kv to 10kv Voltage Rating:
From 5kv to 10kv voltage rating.
The Vacuum Contactor is a device used for switching power supply between two conductors. It is widely used in industries such as oil & gas, petrochemical, pulp & paper and mining. The increasing demand for these devices due to their ability of providing protection against arc quenching along with maintaining insulation quality has resulted in the growth of this market globally.
Application Insights:
The industrial sector accounted for the largest revenue share in 2016 and is anticipated to continue its dominance over the forecast period. The growing demand for electrical and electronic products across various industries including medical, manufacturing, automotive, aerospace & defense is expected to be a key factor driving the industry growth.
The oil & gas sector accounted for significant share in 2016 owing to increasing number of power generation projects across Middle East countries including Saudi Arabia and Iran. These projects are projected to increase Vacuum Contactor (Vacuum Relay) usage as they offer high reliability at competitive prices along with excellent protection features against voltage fluctuations and other common failures.
Regional Analysis:
Asia Pacific is anticipated to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to increasing demand for electricity in emerging economies, such as China and India. The growing industrial sector and rapid urbanization are also expected to drive the regional market over the forecast period. Furthermore, rising oil & gas exploration activities in countries such as China and India are expected to augment industry growth over the next eight years.
The Middle East & Africa is one of the major markets for kV vacuum contactors due to large infrastructure projects taking place across various sectors including oil & gas, water desalination plants, power generation facilities among others that require high-voltage electrical equipment installation at remote locations onshore or offshore which would otherwise require huge investments in cable based systems using conventional methods thus driving VCEs demand across this region.
Growth Factors:
- Increasing demand for vacuum contactors in the industrial sector for various applications such as motors, transformers, and generators.
- Growing investments in the construction sector, which is expected to drive the demand for vacuum contactors in the near future.
- Rising awareness about energy efficiency and its benefits is likely to boost the adoption of vacuum contactors across different industries worldwide.
- Technological advancements that have led to development of more efficient and compact vacuum contactors are projected to fuel market growth over the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Vacuum Contactor Market Research Report
By Type
Less Than 5kv Voltage Rating, From 5kv to 10kv Voltage Rating, From 10kv to 15kv Voltage Rating, More Than 15kv Voltage Rating
By Application
Utilities Sector, Industrial Sector, Oil & Gas Sector, Commercial Sector, Mining Sector, Others
By Companies
General Electric, Siemens, Toshiba, ABB, Mitsubishi Electric, Schneider Electric, Eaton, Larsen & Toubro, Rockwell Automation, Crompton Greaves, General Electric, Joslyn Clark, Ampcontrol
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Vacuum Contactor Market Report Segments:
The global Vacuum Contactor market is segmented on the basis of:
Types
Less Than 5kv Voltage Rating, From 5kv to 10kv Voltage Rating, From 10kv to 15kv Voltage Rating, More Than 15kv Voltage Rating
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Utilities Sector, Industrial Sector, Oil & Gas Sector, Commercial Sector, Mining Sector, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- General Electric
- Siemens
- Toshiba
- ABB
- Mitsubishi Electric
- Schneider Electric
- Eaton
- Larsen & Toubro
- Rockwell Automation
- Crompton Greaves
- General Electric
- Joslyn Clark
- Ampcontrol
Highlights of The Vacuum Contactor Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Less Than 5kv Voltage Rating
- From 5kv to 10kv Voltage Rating
- From 10kv to 15kv Voltage Rating
- More Than 15kv Voltage Rating
- By Application:
- Utilities Sector
- Industrial Sector
- Oil & Gas Sector
- Commercial Sector
- Mining Sector
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Vacuum Contactor Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Understanding Competition Scenario
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A vacuum contactor is a device used to interrupt the flow of air in a system. This is done by creating a partial vacuum, which will cause the system to stop working. Vacuum contactors are often used in industrial settings, where they are necessary for systems that require precise control over airflow.
Some of the key players operating in the vacuum contactor market are General Electric, Siemens, Toshiba, ABB, Mitsubishi Electric, Schneider Electric, Eaton, Larsen & Toubro, Rockwell Automation, Crompton Greaves, General Electric, Joslyn Clark, Ampcontrol.
The vacuum contactor market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Vacuum Contactor Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Vacuum Contactor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Vacuum Contactor Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Vacuum Contactor Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Vacuum Contactor Market Size & Forecast, 2020-2028
4.5.1 Vacuum Contactor Market Size and Y-o-Y Growth
4.5.2 Vacuum Contactor Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Less Than 5kv Voltage Rating
5.2.2 From 5kv to 10kv Voltage Rating
5.2.3 From 10kv to 15kv Voltage Rating
5.2.4 More Than 15kv Voltage Rating
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Utilities Sector
6.2.2 Industrial Sector
6.2.3 Oil & Gas Sector
6.2.4 Commercial Sector
6.2.5 Mining Sector
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Vacuum Contactor Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Vacuum Contactor Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Less Than 5kv Voltage Rating
9.6.2 From 5kv to 10kv Voltage Rating
9.6.3 From 10kv to 15kv Voltage Rating
9.6.4 More Than 15kv Voltage Rating
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Utilities Sector
9.10.2 Industrial Sector
9.10.3 Oil & Gas Sector
9.10.4 Commercial Sector
9.10.5 Mining Sector
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Less Than 5kv Voltage Rating
10.6.2 From 5kv to 10kv Voltage Rating
10.6.3 From 10kv to 15kv Voltage Rating
10.6.4 More Than 15kv Voltage Rating
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Utilities Sector
10.10.2 Industrial Sector
10.10.3 Oil & Gas Sector
10.10.4 Commercial Sector
10.10.5 Mining Sector
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Less Than 5kv Voltage Rating
11.6.2 From 5kv to 10kv Voltage Rating
11.6.3 From 10kv to 15kv Voltage Rating
11.6.4 More Than 15kv Voltage Rating
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Utilities Sector
11.10.2 Industrial Sector
11.10.3 Oil & Gas Sector
11.10.4 Commercial Sector
11.10.5 Mining Sector
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Less Than 5kv Voltage Rating
12.6.2 From 5kv to 10kv Voltage Rating
12.6.3 From 10kv to 15kv Voltage Rating
12.6.4 More Than 15kv Voltage Rating
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Utilities Sector
12.10.2 Industrial Sector
12.10.3 Oil & Gas Sector
12.10.4 Commercial Sector
12.10.5 Mining Sector
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Less Than 5kv Voltage Rating
13.6.2 From 5kv to 10kv Voltage Rating
13.6.3 From 10kv to 15kv Voltage Rating
13.6.4 More Than 15kv Voltage Rating
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Utilities Sector
13.10.2 Industrial Sector
13.10.3 Oil & Gas Sector
13.10.4 Commercial Sector
13.10.5 Mining Sector
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Vacuum Contactor Market: Competitive Dashboard
14.2 Global Vacuum Contactor Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 General Electric
14.3.2 Siemens
14.3.3 Toshiba
14.3.4 ABB
14.3.5 Mitsubishi Electric
14.3.6 Schneider Electric
14.3.7 Eaton
14.3.8 Larsen & Toubro
14.3.9 Rockwell Automation
14.3.10 Crompton Greaves
14.3.11 General Electric
14.3.12 Joslyn Clark
14.3.13 Ampcontrol
