Global Vacuum Interrupters Market Revenue to Register CAGR of 6.2% Over Next 10 Years - MarketResearch.biz

NEW YORK, April 25, 2018 /PRNewswire/ --

MarketResearch.biz announces publication of its most recently generated research report titled, "Global Vacuum Interrupters Market by Application (Circuit breakers, Contactors, Load Break Switches, Tap Changers, Reclosers, and Others [Generator Breakers and Railway Breakers]), By End Use Industry, and Region - Global Forecast to 2026.", which offers a holistic view of the vacuum interrupters market through systematic segmentation that covers every aspect of the target market. The first five-year cumulative revenue (2017-2021) is projected to be US$ 9.7 Bn, which is expected to increase rather moderately over the latter part of the five-year forecast period.

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Vacuum interrupters are devices used to regulate current mostly in medium voltage switches, and is used in various end-use industries. Vacuum interrupters are among the core components of medium-voltage switches, and electrical contacts are sealed in a vacuum. Vacuum interrupters are mainly used in utility power transmission systems, power distribution systems for railway, and industrial plants.

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Global Vacuum Interrupters Market: Market Dynamics  

Increasing adoption of smart grid technology across the globe and increasing number of data centers globally are major factors driving growth of the global vacuum interrupters market. In addition, rising environmental concerns and development of eco-friendly products as compared to other alternatives are another factors driving growth global vacuum interrupters market. Moreover, various benefits of vacuum interrupter as compared to other interrupters such as higher notably shunt reactor switching, number of repeated re-ignitions (at one power frequency current zero), better alternatives to oil, longer life and reduced maintenance costs are some other factors expected to support growth of the global vacuum interrupters market.

However, high cost of vacuum interrupter is a major factor restraining growth of the global vacuum interrupters market. in addition, risk associated with loss of vacuum is another factor expected to challenge growth of the global vacuum interrupters market to certain extent.

Technological advancements and increasing R&D activities by manufacturers such as development of cost-effective high voltage vacuum interrupters is expected to create new opportunities in terms of revenue to players operating in the global vacuum interrupters market over the forecast period.