Vacuum Contactor Market - Forecast(2021 - 2026)

 Vacuum Contactors is a switching cum protection device that consists of moving and fixed contacts sealed in a vacuum chamber, relay and fuse units that are found in a large range of applications across various end user sector such as the mining, utilities, industrial, etc. The annual global exports for switchgear and protection components accounted for $28.9 billion in 2016 and thus this indicates a healthy demand for vacuum contactors across all the end user segments particularly the utilities sector covering public transportation, power distribution, street lighting is witnessing tremendous growth. 

Vacuum Contactors Market Outlook:

Many of the key players that offer vacuum contactors target all customer bases and requirements specifically the technical specifications such as the voltage ratings, fault current limits, contactor operation and its coordination with other switchgear components. The vacuum contactors are known for its effective operation under high frequency switching of particularly large rated motors-induction, synchronous or wound designed, distribution transformers and power reactors and capacitor banks in order to maintain good power factor and voltage regulation. 

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Vacuum Contactors Market Growth drivers:

The rise in the utilities sector specifically the areas of public transportation, power distribution and public lighting systems will clearly drive the vacuum contactors market towards a healthy growth. The rise in urbanization across hundreds of cities around the world would mean an increase in public utility services, which entirely run on electricity. Vacuum contactors have proven to be efficient in large scale applications with long mechanical and electrical life, lower maintenance requirements, and excellent arc containment and current chopping reduction.

Furthermore, robustness in the physical design coupled with eco-friendly manufacturing approach would help in gaining more market share among other switching devices. Vacuum has a higher dielectric strength compared to air and oil and thus, ensuring a long lifetime of the vacuum contactor, coupled with easy installation features such as plug-and-play feature. In addition, many of the modern vacuum contactors eliminate the need for surge protection due to innovative design. All of this could lead potential customers choose vacuum contactors over other options.

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Vacuum Contactors Market Challenges:

Some of the challenges faced by the Vacuum contactors market is the reliability of the vacuum capacity of these switching cum protection devices, as different physical parameters such as changes temperature, pressure, humidity and other conditions may lead to contamination of the vacuum contactor with air and other substances. The vacuum in these devices essentially serves to reduce arcing, current chopping and eliminate restriking voltages as vacuum is an effective dielectric medium. Due to the leakage of air and other substances, the effective operation of the contactor gets hampered and can lead to short circuit faults.

In addition, the physical design of the vacuum contactors may also prove to be a challenge due to outdated mechanical lock technology as it requires frequent oiling and lubrication of mechanical parts and moreover, fixed mounting design can also discourage potential customers due to difficulties in installation, maintenance and rewiring.

 

Vacuum Contactors Market Research Scope:

The base year of the study is 2017, with forecast done up to 2023. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Vacuum Contactors market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of plastics in the Vacuum Contactors market, and their specific applications in different types of vehicles.

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