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Electricity is one of the primary demands of humans on earth. Along with the reliable and stable operation of the electrical, safety of electrical infrastructure is critical. A contactor is an electrically-controlled switch used for switching an electrical power circuit. Contactors are used to control electric motors, lighting, heating, capacitor banks, thermal evaporators, and other electrical loads.
On the basis of application, the vacuum contactor is segmented in motor, transformer, capacitor, reactor, resistive loads, etc. Based on voltage, the vacuum contactor market is segmented into up to 5kV, 5-10kV, 10-15kV and above 15kV. A vacuum contactor is most preferred for switchgear applications due to their superior arc quenching. On the basis of application, the vacuum contactor market is segmented in utility, commercial and industrial. The utility sector uses the vacuum contactor on large scale in substations and distribution centers.
Key Market Driver -
Key Market Driver – Demand for technologically advanced contactors
Key Market Restraint -
Key Market Restraint – Rising prices of raw material
The major market driver for the global vacuum contactor market is the increasing demand for technologically advanced contactors. Vacuum contactors utilize vacuum bottle encapsulated contacts to suppress the arc. This arc suppression allows the contacts to be much smaller and use less space than air break contacts at higher currents.
The key market restraint for the global vacuum contactor is the rising prices of raw material. The slow modernization of existing electrical infrastructure has an adverse impact on vacuum contactor market. The availability of alternative technology has also affected the vacuum contactor market negatively.
Some of the major companies that are present in the vacuum contactor market are ABB, Siemens, Joslyn Clark Controls, Toshiba International Corporation, Rockwell Automation, Eaton, Electron Tubes, Larsen & Toubro Limited, Mitsubishi Electric Corporation, Kunshan GuoLi Electronic Technology Co., Ltd., Yueqing Liyond Electric Co., Ltd., and Schrack Technik Group.
The demand for a vacuum contactor is dominated by the Asia-Pacific followed by North America, Europe, Middle-East and Africa, and Latin America. Increase in manufacturing activity and electrification initiatives in Asian countries like India, Bangladesh, Vietnam is a major driver for vacuum contactor market. The high growth in the number of manufacturing and industrial units has boosted demand for vacuum contactors. Industrial sectors such as food & beverages, metal & mining, chemicals & petrochemicals, etc. use vacuum contactor for switching purposes. The increase in railways, metros, bullet trains, IT hubs, commercial centers, etc. requires the use of vacuum contactors, which can be installed in low volume and area. Rapid urbanization has increased demand for vacuum contactor in the sub-stations. A vacuum contactor is extensively used in railways and metros.
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Growing railway and metro network has boosted the vacuum contactor market. The increase in number of power generation plants and transmission infrastructure has also increased sales of vacuum contactors. The African continent will have the most enormous potential out of the five regions. Electrification of the African continent in the near future will fuel demand for vacuum contactors in upcoming decades. The integration of renewable energy in the electrical grid in developed countries and developing countries has increased investment in electrical power system and boost the vacuum contactor market. Automation and modernization of electrical infrastructure in the North American and European regions will stimulate demand of vacuum contactor.
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