The Business Research Company’s Vacuum Interrupter Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Vacuum Interrupter Global Market Report 2023 evaluates vacuum interrupter market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global vacuum interrupter market size is expected to grow from $2.50 billion in 2022 to $2.66 billion in 2023 at a compound annual growth rate (CAGR) of 6.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the vacuum interrupter market is expected to grow to $3.32 billion in 2027 at a CAGR of 5.7%.
The increasing rate of urbanization and industrialization is expected to drive the growth of the vacuum interrupter market. Industrialization is the process of transforming any society into an industrial society, while urbanization is the process by which the rural population migrates to urban areas. The increasing urbanization and industrialization require a lot of electrical supply which in turn needs a huge supply of vacuum interrupters for the current interruption, fault protection, overcurrent, and short-circuit protection as well as repetitive switching needs. For instance, according to the data published in September 2021 by the United Nations Department of Economic and Social Affairs, a US-based intergovernmental organization, globally, 4.46 billion people resided in urban areas in 2021. By 2050, this number will increase to 6.68 billion, with 2.22 billion more people living in urban areas. Therefore, the increasing rate of urbanization and industrialization will propel the growth of the vacuum interrupter market in the coming years.
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The vacuum interrupter market segments in the report are:
1) By Rated Voltage: 0–15 KV (Kilovolts), 15–30 KV (Kilovolts), Above 30 KV (Kilovolts)
2) By Contact Structure: Flat Contact, Spiral Contact, Axial Magnetic Or Field Contact
3) By End-User: Utilities, Oil And Gas, Mining, Transportation, Other End-Users
4) By Application: Circuit Breaker, Contactor, Recloser, Load Break Switch, Tap Changer, Other Applications
The table of contents in TBRC’s vacuum interrupter market report includes:
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