FMI’s New Report, titled, “Vacuum Contactor Market: Global Industry Analysis and Opportunity Assessment 2016-2026” offers 10-year forecast and analysis.
Valley Cottage, NY -- (SBWIRE) -- 06/03/2016 -- Contactors are electrically controlled switch that provides high-withstand current strength and switching capacity and other auxiliary functions. Vacuum contactors are suitable for switching of motors, transformers and capacitors but are only applicable for use in AC systems. The increasing power demand globally requires robust and advance power distribution tools such as vacuum contactors which are used when relatively fast switching is required. Contacts in a vacuum contactor are encapsulated in a vacuum bottle. Vacuum contactors find its application in various areas including service sector, marine sector and are suited extensively in niche applications such as mining. The increasing power distribution system market supplements the growth of vacuum contactor market. Vacuum contactors are available in different voltage range, operating mechanism and rating. Vacuum contactors offers a long mechanical life and low power losses as compared to other similar equipment.
Vacuum Contactor Market: Drivers and Restraints
Vacuum contactors provides enhanced features and customer benefits over other equipment such as circuit breaker, thus boosting the demand for vacuum contactor while making vacuum contactor market lucrative. Also the growth in power driven application and power distribution demands surges demand for vacuum contactors. On the other end global economic downturns may hamper the demand for vacuum contactors.
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Vacuum Contactor Market: Segmentation
On the basis of product type, the vacuum contactor market is segmented into:
Reversing AC Contactor
Special Purpose AC Contactor
On the basis of poles, the vacuum contactor market is segmented into:
On the basis of voltage, the vacuum contactor market is segmented into:
On the basis of application, the vacuum contactor market is segmented into:
Others (process industries, oil & gas, etc.)
Vacuum Contactor Market: Region-wise Outlook
The vacuum contactor market on the basis of region is divided into North America, Latin America, Asia Pacific, Europe and Middle East & Africa. North America is expected to be the largest market for vacuum contactor market owing to substantial growth in process & manufacturing industries and commercial & residential sectors with large power demands. Europe & Asia Pacific are another significant market with huge power requirements, thus robust power distribution system. This tend to drive the vacuum contactor market in the region.
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Vacuum Contactor Market: Key Players
With growing demand for vacuum contractors, the key players are increasing R&D activities to upgrade the technology in order to achieve competitive edge in marketplace. Some of the key players identified in global vacuum contractors are Siemens AG, General Electric Company, Mitsubishi Electric Corporation, Dynapar Corporation & Superior Electric Holding Group LLC, ABB Group, LSIS Co. Ltd., Toshiba International Corporation, Schneider Electric SE, Crompton Greaves Limited and Rockwell Automation, Inc.