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The electric utility companies and governments across the globe are giving a profound significance for the utilization of sustainable technology for transmission and distribution of electricity. Switching devices are the critical components in almost every electric appliance. The traditional switching components such as switchgear, gas-insulated switchgear, circuit breakers are not acting efficiently and effectively. Whereas the research and development in the vacuum interrupter in the last couple of decades has proved that this technology is expected to roll out the electric utility across the world.
A vacuum interrupter is a kind of circuit breaker in which arc quenching takes place in vacuum medium. The electricity flowing through a circuit is interrupted in a vacuum chamber which is called vacuum interrupter. It is a core component in medium voltage switchgear, circuit breakers, transformers, etc. Vacuum interrupter has been used for many years and has proven itself a reliable and safe technology in terms of a higher rate of life and environment-friendly.
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Vacuum interrupter market segmentation is done on the basis of the application and end-user. As per the application segment, vacuum interrupter market size is dominated by a circuit breaker, wherewith the adoption of advanced technology and refurbishment of the existing substation enhances the safety and reliability of transmission and distribution of electricity. The electric utility is anticipating the growth of the vacuum interrupter due to massive investment in power generation and transmission. Companies are taking the initiative for enhancing the safety to avoid any loss of life and property that attributing the growth of the vacuum interrupter.
The extreme demand for electricity has strived the process of transmission and distribution of electricity to avoid heavy losses while transmitting power. Many utility companies around the world are adopting high-end technologies to reduce accidental damages due to short circuits. Meanwhile, the massive industrial growth and deployment of reliable switching technology along with environment benign, zero maintenance, and the long service life are anticipating the growth of the vacuum interrupter.
Though the vacuum interrupter offers versatile advantages but the high-end technology used in the production of vacuum interrupter is restraining the growth of the vacuum interrupter. The vacuum interrupter becomes economically not viable with exceeding voltage above 36kV that obstruct the growth of the vacuum interrupter.
The key companies involved in vacuum interrupter market are ABB, Siemens AG, Eaton, Mitsubishi Electric Corporation, General Electric, Meidensha Corporation, Toshiba Infrastructure Systems & Solutions Corporation, LSIS Co., Ltd., Kirloskar Electric Company, and Shaanxi Baoguang Vaccum Electric Device Co., Ltd.
· Circuit Breakers
· Tap Changer
· Electric Utility
· Oil and Gas
· North America (the USA and Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
· Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
· Latin America (Brazil, Mexico and Rest of Latin America)
· Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
The global vacuum interrupter market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is expected to gain significant market share for vacuum interrupter due to enormous energy consumption and rising smart grid infrastructure. The government and private entities are deploying highly efficient and reliable switching components to prevent fire hazard and electric shock. Also, the environmental degradation due to increasing GHG emission is a threat to society, and vacuum interrupter is environment benign that anticipating the growth of the vacuum interrupter in North America. European Union is acting very strict for the protection of the environment. Many countries in Europe are focussing on renewable energy to combat serious emission threat. Austria, Denmark, Latvia, Sweden, etc. are playing a pivotal role in clean energy production. The traditional switching appliance possesses the SF6 gas that contributes to GHG emission. Vacuum interrupter is eco-friendly and doesn’t pose any risk to the environment that attributed the growth of the vacuum interrupter in Europe. The electricity consumption rate in the Asia Pacific has seen rapid growth in the last decade due to massive urbanization and industrialization. Also, the increasing number of manufacturing setup for the production of vacuum interrupter is expected to offer a lucrative market in the Asia Pacific. MEA countries hold significant reserves of hydrocarbon in the world, and many countries are the net exporter of oil and gas. Oil and gas industry is expected to play a vital role in the expansion of vacuum interrupter. Also, the mega projects initiating to develop the grid infrastructure for feasible accessibility of electricity which drives the vacuum interrupter market growth in MEA.
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