Vacuum Contactor Market Size, Share & Trends Analysis Report By Application (Motors, Transformers, Capacitors), By End Use (Utilities, Industrial), By Region, And Segment Forecasts, 2024 - 2030
Vacuum Contactor Market Size, Share & Trends Analysis Report By Application (Motors, Transformers, Capacitors), By End Use (Utilities, Industrial), By Region, And Segment Forecasts, 2024 - 2030
Vacuum Contactor Market Size & Trends
“2030 vacuum contactor market value to reach USD 6.65 billion.”
The global vacuum contactor market size was estimated at USD 4.26 billion in 2023 and is estimated to grow at a CAGR of 6.6% from 2024 to 2030. Rising need for energy efficiency in industrial applications is expected to benefit the market growth over the coming years.
Rising urbanization and industrial expansion has increased the energy usage in the last few years. Industries are continuously seeking ways to reduce energy consumption and improve operational efficiency, and vacuum contactors play a vital role in controlling electric motors and reducing electrical loads. Their ability to minimize power loss and optimize energy use contributes significantly to their demand.
Global Vacuum Contactor Market Report Segmentation
This report forecasts revenue growth at global, country, and regional levels and provides an analysis of the latest trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global vacuum contactor market report on the basis of application, end use, and region:
Application Outlook (Revenue, USD Billion, 2018 - 2030)
Motors
Transformers
Capacitors
Reactors
Others
End Use Outlook (Revenue, USD Billion, 2018 - 2030)
Utilities
Industrial
Oil & Gas
Mining
Others
Regional Outlook (Revenue, USD Billion, 2018 - 2030)
North America
U.S.
Canada
Mexico
Europe
Germany
UK
Russia
Asia Pacific
China
India
Japan
South Korea
Central & South America
Brazil
Middle East & Africa
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