Global Vacuum Contactor Market Size study & Forecast, by Configuration (Contactor, Contactor fuse combination), by Application (Motors, Transformers, Capacitors, Reactors, Resistive loads, Other), by Voltage Rating (1KV–5KV, 5.1KV–10KV, 10.1KV–15KV, 15.1K

Global Vacuum Contactor Market Size study & Forecast, by Configuration (Contactor, Contactor fuse combination), by Application (Motors, Transformers, Capacitors, Reactors, Resistive loads, Other), by Voltage Rating (1KV–5KV, 5.1KV–10KV, 10.1KV–15KV, 15.1KV–24KV), by End User (Utilities, Industrial, Oil & gas, Commercial, Mining, Others) and Regional Analysis, 2023-2030

Global Vacuum Contactor Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. A vacuum contactor is an electrical switching device used to control and switch high-voltage and high-current circuits. It is designed to operate in a vacuum environment, where there is no air or other gases, to prevent the formation of an arc during switching operations. Vacuum contactors are commonly used in industrial and commercial applications where the interruption of high-power electrical circuits is required. The key factors driving the market growth are the growing focus on renewable energy and industrial automation, surging demand for HVAC equipment, growing industrialization and urbanization, and growing mining and oil & gas exploration that anticipated to support the market growth during the forecast period 2023-2030.

Moreover, the rising demand for HVAC equipment can indeed support the growth of the Vacuum Contactor Market. The HVAC systems use motors for fans, compressors, and pumps to circulate air and control temperature. Vacuum contactors are commonly employed to switch and control these motors, ensuring smooth and efficient HVAC system operation. Thus, the growing HVAC equipment demand is anticipated to support the market growth. According to Statista, 2019, the HVAC market was valued at USD 240.8 billion, and it is anticipated to reach USD 365.5 by 2030. Additionally, the growing construction industry is anticipated to create a lucrative opportunity for the market during the forecast period 2023-2030. However, the stringent environmental regulations stifle market growth throughout the forecast period of 2023-2030.


The key regions considered for the Global Vacuum Contactor Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the thriving utilities sector, supportive government regulation, and booming industrial sector. Whereas, the Asia Pacific is expected to grow with the highest CAGR over the forecast period, owing to factors such as rapid industrialization and urbanization, push for automation and Industry 4.0 practices, deployment of smart grid solutions, and growing focus on industrial automation and robotics.


Major market player included in this report are:
ABB Ltd (Switzerland)
Siemens AG (Germany)
Eaton Corporation plc (Dublin, Ireland)
Toshiba Corporation (Japan)
Mitsubishi Electric Corporation (Japan)
Schneider Electric SE (France)
Larsen & Toubro Limited (India)
Rockwell Automation, Inc. (US)
CG Power and Industrial Solutions Limited (India)
LS Industrial Systems Co., Ltd (South Korea)

Recent Developments in the Market:
 In January 2023, TDK has announced its acquisition of Qeexo, a renowned leader in automated machine learning (ML) platforms, with a strong emphasis on creating tinyML models designed for energy-efficient, always-on smart devices. This strategic move by TDK highlights the company's commitment to enhancing its capabilities in machine learning and streamlining the development of ML applications, solidifying its position as a leading provider of intelligent edge solutions.

Global Vacuum Contactor Market Report Scope:
 Historical Data – 2020 - 2021
 Base Year for Estimation – 2022
 Forecast period - 2023-2030
 Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
 Segments Covered – Configuration, Application, Voltage Rating, End User, Region
 Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa


The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Configuration:
Contactor
Contactor fuse combination

By Application:
Motors
Transformers
Capacitors
Reactors
Resistive loads
Other medium voltage equipment

By Voltage Rating:
1KV–5KV
5.1KV–10KV
10.1KV–15KV
15.1KV–24KV

By End User:
Utilities
Industrial
Oil & gas
Commercial
Mining
Others

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Companies Mentioned
ABB Ltd (Switzerland)
Siemens AG (Germany)
Eaton Corporation plc (Dublin, Ireland)
Toshiba Corporation (Japan)
Mitsubishi Electric Corporation (Japan)
Schneider Electric SE (France)
Larsen & Toubro Limited (India)
Rockwell Automation, Inc. (US)
CG Power and Industrial Solutions Limited (India)
LS Industrial Systems Co., Ltd (South Korea)

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.