Vacuum Contactor Market worth 4.8 Billion USD by 2020
Vacuum contactor is an electrically controlled switch that is used to make or break an electrical circuit with the help of vacuum interrupter, relay, and fuse. The drivers of the this market are influenced by the trends in the commercial sector and by the trends in the process and manufacturing industry. Growth in the related as well as complementary markets, such as motors, capacitors, switchgear, and transformer, also contribute towards the growth of vacuum contactors. The global vacuum contactor market is projected to witness high growth on account of rising energy demand, growing commercial and industrial sector, and increased up-gradation of electrical infrastructure. The market was valued at $3,210 Million globally in 2014 and is projected to grow at a CAGR of 7.04% from 2015 to 2020.
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