Attractive Market Opportunities in Global Vacuum Contactor Market

1. Attractive Market Opportunities in Global Vacuum Contactor Market 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. It is mainly found in motor starters, switchgear and control gear of medium voltage fast switching devices. The global vacuum contactor market size is estimated to reach $4,814.6 Million by 2020 from $3,426.8 Million in 2015. The drivers of the vacuum contactor market are influenced by the trends in the process industries, manufacturing industries, commercial and large residential sectors that use HVAC systems. Growth in the related as well as complementary markets, such as motors, capacitors, switchgear, and transformer, also contribute towards the growth of vacuum contactors. Sample Request: http://www.marketsandmarkets.com/requestsample.asp?id=122809245 Scope of the Report 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). Request for Customization: http://www.marketsandmarkets.com/requestCustomization.asp?id=122809245 The Asia-Pacific region holds a majority of market share owing to urbanization and significant development in process industries such as paper & pulp, cement, metal processing industries, and growth in manufacturing industries, followed by North America and Europe. In terms of individual countries, the U.S. 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. The report caters to Vacuum contactor manufacturers, dealers, and suppliers. Medium voltage equipment manufacturing companies. Switchgear and control-gear manufacturing companies. Utilities, commercial, mining and oil & gas industry. Process and manufacturing industries.      Download PDF Brochure: http://www.marketsandmarkets.com/pdfdownload.asp?id=122809245

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