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(IT-NEWSWIRE.COM, September 12, 2018 ) Medium Voltage Vacuum Contractor is an electrically controlled switch used for switching an electric power circuit. It comprises three parts, namely Contacts as the current carrying component, electromagnet as the driving force to close the contacts, and enclosure is a frame enclosing the contact and electromagnet. Vacuum contactors utilize vacuum bottle encapsulated contacts. Vacuum contractors are widely used at medium voltages i.e. 1000 V-5000V, as effective circuit breakers in various applications. Vacuum contactors are only applicable for use in AC systems.
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The power sector growth is a major driving factor for the medium voltage vacuum contractors market
Vacuum contactors are very efficient at disrupting the energy of an electric arc and are used when relatively fast switching is required, as the maximum break time is determined by the periodicity of the AC waveform. For example, in the case of 60HZ power (U.S. standard), the power will discontinue within 1/120 or 0.008333 of a second. Medium voltage vacuum contactors are load breaking devices with a limited short-circuit making and breaking capacity for applications with high switching rates of up to 1 million operating cycles.
The rapid growth of the power sector, owing to the increasing power consumption across the globe, is also expected to fuel growth of the medium voltage vacuum contractors market. For instance, according to a 2016 publication by University of Oxford, the global primary energy consumption increased to 151,548.48 Terawatt-hours (TWh) in 2016, up from 150,307.8 TWh in 2015.
Medium Voltage Vacuum Contractors: Regional Insight
Asia Pacific is the largest and fastest-growing market for the medium voltage vacuum contactors, owing to the growing electrical equipment and power generation sectors in the region. Asia Pacific encompasses some of the fast-growing economies such as China, India, and Japan, that will majorly contribute in the growth of Medium Voltage Vacuum Contactors.
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India is will majorly contribute to the medium voltage vacuum contactors market in the region, owing to the growth in its growing power sector. For instance, according to May 2018 report by India Brand Equity Foundation, India ranked fifth in the world for its power generation capacity. In May 2018, India ranked fourth in the Asia Pacific region, out of 25 nations on an index that measures overall power. Electricity production in India reached 1,201.543 Billion Units (BU) during 2018, accounting for 55.72% growth, compared to that in 2017.
North America is the second-largest market for medium voltage vacuum contactors due to increasing generation and consumption of power in this region. For instance, according to Enerdata’s Global Energy in 2017, the rate of energy consumption in North America was 4,365 TWh, accounting for around 21% of the total consumption in the world. Similarly, the region generated 4,970 TWh in 2016.
Medium Voltage Vacuum Contractors: Competitive Insight
Some of the key players operating in the medium voltage vacuum contactor are Eaton, ABB, Toshiba, Siemens, General Electric, Joslyn Clark, Mitsubishi Electric, Arteche, and Tavrida Electric.
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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
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