• Stacy Lawlor

Global Vacuum Interrupter Market Size to reach USD 3.52 billion in 2028


The Global Vacuum Interrupter Market Size was valued at USD 2.54 billion in 2021. The market is projected to grow to USD 3.52 billion in 2028 at a CAGR of 4.70%. The growth in CAGR is due rise in demand and are projected to reach pre-pandemic levels we overcome the COVID-19 pandemic.


Governments and electric utility industries across the globe have raised awareness about sustainable distribution and transmission of electricity. A switching device is a critical component in almost every electric appliance. Conventional switching components such as gas-insulated switchgear are not efficient and has attracted increased investment in development and research in vacuum interrupters. This has driven the growth of the vacuum interrupter market.

Vacuum Interrupter Market
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The vacuum interrupter process is used for short-circuit protection, repetitive switching, fault protection, and motor inrush current interruption, which has driven market growth. In addition, the expansion of transmission and distribution networks are a major factor that has propelled the rising demand for vacuum interrupters. Moreover, the modernization of electric systems in buildings and the rapid construction of new infrastructure has also driven the demand for vacuum interrupters.


COVID-19 impact on vacuum interrupter market trends

The COVID-19 pandemic severely impacted the vacuum interrupter market. The virus spread has hampered the market growth owing to nationwide lockdowns, raw material shortages, travel and other restrictions. Moreover, power consumption reduced significantly owing to a temporary halt in industrial operations and the shutdown of the commercial sector. Due to a reduction in upstream activities, the vacuum interrupter market has also been affected.


The operations of gas and oil exploration companies could only be reduced by a certain extent. Also, the outbreak affected a wide range of industries, including automotive, power and energy, and the chemical industry which resulted in a reduction in the demand for vacuum interrupters.


Modernization of electric systems to promote market growth

In recent times, growing investment in transmission and distribution infrastructure in developing countries has increased the rate of electrification across the globe which has boosted sales and has provided an opportunity, during the forecast period.


Rising sales of gas-free insulation interrupters to drive market growth.

Market demand is shifting from gas insulation interrupters to gas-free insulation interrupters. This is because gas-free insulation prevents the release of greenhouse gases into the atmosphere. In addition, gas-free interrupters reduce the costs arising out of energy loss and minimize power wastage during transmission.

The increased adoption of gas-free insulation interrupters and growing investments in renewable energy have led the North America region to dominate the global market in the forecast period. Moreover, government bodies are deploying highly reliable and efficient components to prevent electric shock and fire hazards. Further, vacuum interrupter is eco-friendly and benefitting from increased adoption across North America.


Vacuum Interrupter Market
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The Vacuum Interrupter market in the Asia Pacific is expected to grow at the highest compound annual growth rate (CAGR) owing to rapid industrialization and urbanization across China, India, and other countries. The vacuum interrupter market in this region is expected to show an impressive growth trajectory due to the increasing investments in renewable energy and spending on the vacuum interrupter components, by manufacturers.


In Europe, many countries such as Denmark, Austria, Sweden, Latvia, and others, are focusing on the expansion of transmission, renewable energy, distribution networks to protect against serious emission threats. Moreover, several stringent rules and government initiatives, and regulations are expected to grow the vacuum interrupter market in the European region.


In the vacuum interrupter industry, the circuit breaker is expected to drive the market owing to the growing manufacturing industries, increasing demand for electric power transmission, urbanization in developing countries, and infrastructure development.


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https://extrapolate.com/Semiconductor-Electronics/vacuum-interrupter-market/18965


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