Global Vacuum Interrupter Market to Witness an Outstanding Growth by 2023 | Ozone Market Reports

Ozone Market Reports projects that the Vacuum Interrupter market size will grow from USD 1690.1 Million in 2017 to USD 2494.1 Million by 2023, at an estimated CAGR of 6.7%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.

A vacuum interrupter (VI) is an electronic device that is primarily used to cut out the current arc to prevent the occurrence of accidents and equipment damage. VIs are installed in circuit breakers, switchgears, load break switches, and so on as a key component for interrupting and extinguishing electric current arc.The main drivers propelling the growth are refurbishment of the aging and old power infrastructure in the countries like U.S. and Canada, growing environmental norms which gives vacuum interrupter a leading edge as compared to its alternatives like SF6, and oil.The Asia-Pacific region holds a majority of market share owing to urbanization and significant development of the power infrastructure increasing the electrification rate in countries in Asia-Pacific, followed Europe and North America. In terms of individual countries, the U.S., India and China show high growth potential. This growth can be attributed to the increasing demand for reliable power and investments for replacing aging T&D infrastructure in the U.S. and progressive economic growth of China.

By Market Players:
Toshiba Corporation , ABB (Asea Brown Boveri) , Eaton Corporation , Siemens AG , Actom , Shaanxi Baoguang Vacuum Electric Device Co., Ltd. , Crompton Greaves Limited , LS Industrial System , Meidensha Corporation , Chengdu Xuguang Electronics Co., Ltd. , Wuhan Feite Electric Co., Ltd. , China Zhenhua Electron Group Yuguang Electrical Ltd. , Mitsubishi Electric Corporation , , , , , , ,

By End-User
Utilities Sector , Oil & Gas Sector , Mining Sector , Transportation Sector , Others

By Application
Circuit Breakers , Contractors , Reclosers , Load Break Switches , Tap Changers  
          
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Points Covered in The Report:
The points that are discussed within the report are the major market players that are involved in the market such as manufacturers, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. The historical data from 2012 to 2017 and forecast data from 2018 to 2023.
The growth factors of the market is discussed in detail wherein the different end users of the market are explained in detail.
Data and information by manufacturer, by region, by type, by application and etc, and custom research can be added according to specific requirements.

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