DALLAS, July 28, 2015 /PRNewswire/ --
The report "Vacuum Contactor Market by Voltage (<5kV,
5-10kV, 10-15kV, >15kV), by Application (Motors, Transformers,
Capacitors, Reactors, Resistive Loads), by End-user (Utilities,
Industrial, Commercial, Oil & Gas, Mining) & Region -
Global Trends & Forecasts to 2020", published by
MarketsandMarkets, The global Vacuum Contactor Market will grow
from an estimated value of $ 3.43
Billion in 2015 to $4.81
Billion by 2020 with a CAGR of 7.04% from 2015 to 2020.
Browse 71 market data tables and 53 figures spread through 180
pages and in-depth TOC on "Vacuum Contactor Market - Global
Trends & Forecasts to 2020"
http://www.marketsandmarkets.com/Market-Reports/vacuum-contactor-market-122809245.html
Early buyers will receive 10% customization on this
report.
The market study on vacuum contactor defines and segments the
market with regional forecast and segment revenue estimates through
to 2020. Top market players from the industry segment have been
studied in order to track developments, technologies, and other key
business strategies that define the Vacuum Contactor Market
environment. The vacuum contactors are used for those applications
that require low to moderate continuous load current, very frequent
switching operations, and very high endurance.
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Asia-Pacific: The largest
market for vacuum contactors
The Asia-Pacific region holds
the largest market for vacuum contactor, driven largely by the
number of transmission and distribution line upgradations and
developments especially in the South East Asian region. The other
major drivers include increasing power demand, industrialization
and urbanization, and rapid development in the commercial sector in
countries such as China,
India, Japan, and South
Korea.
Utilities: Biggest market by application
Vacuum contactors are mostly used in power plants, transmission,
and distribution substations of power utility companies. They are
used for blowers, water pumping, conveyors, capacitor switching,
and other power switching applications. With the growing
transmission and distribution network across globe, the number of
substations will keep on increasing. This increasing number of
substations would further increase the use and demand of vacuum
contactors.
The vacuum contactor industry is fragmented and offers several
opportunities for consolidation and growth in efficiency through an
increase in economies of scale. The industry has low entry and exit
barriers, which acts as a driver for the Vacuum Contactor Market.
Top players of the Vacuum Contactor Market are ABB Ltd.
(Switzerland), Eaton Corporation
Plc. (Ireland), Schneider Electric
SE (France), Mitsubishi Electric
Corporation (Japan), and Siemens
AG (Germany).
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