The Vacuum Interrupter Market size is expected to grow from USD 2.80 billion in 2023 to USD 3.53 billion by 2028, at a CAGR of 4.70% during the forecast period (2023-2028).
The vacuum interrupter market is highly competitive, with well-established players who have invested significantly in the product. New players entering the market require high investments to compete. Companies can sustain their position in the market through powerful competitive strategies. Some of the leading companies in the market include Eaton Corporation PLC, Meidensha Corporation, Mitsubishi Electric Corporation, Siemens AG, ABB, Shaanxi Baoguang Vacuum Electric Device Co., Ltd., and many others. These companies are also involved in several expansion strategies to gain a competitive advantage.
In October 2022, Mitsubishi Electric Power Products Inc. announced the shipment of the first 72 kV vacuum circuit breaker (VCB) with dry-air insulation, the latest addition to the company's switchgear product line. It was designed, assembled, and tested in the United States, and satisfies all applicable ANSI, IEEE, and IEC certification standards. The 72 kV VCB employs Mitsubishi Electric's 65-year history of vacuum interrupter technology and provides customers with a cost-effective, environmentally responsible, zero global warming potential option to SF6 gas and alternative gas insulating mediums.
In November 2022, ABB introduced VD4 evo, its latest innovation in circuit breakers. The VD4 evo circuit breaker is a medium voltage circuit breaker with a mechanical actuator (spring mechanism) for primary distribution up to 46 kV, 4,000 A, and 63 kA. It was designed, engineered, and manufactured to make the transition from traditional to digital and green as smooth as possible. With this circuit breaker, ABB aims to facilitate a smooth and eco-friendly transition towards digital technologies.
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