真空接触器市場 : 2028年までの世界予測

Report Overview

The vacuum contactor market is expected to grow from an estimated in USD 4.1 billion in 2023 to USD 5.5 billion by 2028, at a CAGR of 6.1% during the forecast period. The primary drivers of the market include positive economic outlook and growing manufacturing industries in developing countries, infrastructure development, and urbanization are the major factors driving growth of the motors segment.

“The 1-5kV, by voltage rating, is expected to be the largest and the fastest-growing market from 2023 to 2028”
The vacuum contactor market, by voltage rating, is bifurcated into 1-5kV, 5.1-10kV, 10.1-15kV, and 15.1-24kV. The 1-5kV segment is expected to dominate in terms of market share and CAGR during the forecast period and this dominance can be attributed to increase in awareness of reducing harmonic current losses, reducing losses through power factor correction methods, and prevention of commutation failures in both residential and commercial sectors.
“The motors segment, by application, is expected to be the fastest-growing market from 2023 to 2028”
The vacuum contactor market by application is segmented into motors, capacitors, transformers, reactors, resistive loads, and other MV equipment. The motor segment is expected to be the fastest growing segment. Positive economic outlook and growing manufacturing industries in developing countries, infrastructure development, and urbanization are the major factors driving growth of the motors segment

“The Utility segment, by end user, is expected to be the largest and the fastest-growing market from 2023 to 2028”
The vacuum contactor market, by end user type, is bifurcated into industry, mining, commercial, oil & gas, utility, and other MV end users. The utility segment is expected to be the fastest growing market followed by industry during the forecast period. This dominance can be attributed to growing power demand from the industrial and commercial sectors that is attributed by the growth in installation of new power plants and expansion in transmission and distribution facilities in the developing countries.
“The Contactor fuse combination segment, by configuration, is expected to be the largest and the fastest-growing market from 2023 to 2028”
The vacuum contactor market, by configuration type, is bifurcated into in contactor fuse combination, and contactor. The contactor fuse combination segment is expected to be the fastest growing market during the forecast period. Contactor fuse combinations provide a holistic approach to circuit protection. The combination safeguards the connected equipment from a range of electrical abnormalities, making them ideal for critical applications where uninterrupted operation is essential.

Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier 1- 35%, Tier 2- 45%, and Tier 3- 20%
By Designation: C-Level- 35%, Director Level- 25%, and Others- 40%
By Region: North America – 40%, Asia Pacific- 30%, Europe – 20%, Middle East & Africa – 5 %, and South America – 5%.
Note: Others includes sales managers, marketing managers, product managers, and product engineers.
The tier of the companies is defined based on their total revenue as of 2017. Tier 1: USD 1 billion and above, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: <USD 500 million.
The vacuum contactor market is dominated by a few major players that have a wide regional presence. The leading players in the vacuum contactor market are ABB Ltd (Switzerland), Siemens AG (Germany), Eaton Corporation plc (Dublin, Ireland), Toshiba Corporation (Japan), Mitsubishi Electric Corporation (Japan), Schneider Electric SE (France) and others.
Study Coverage:
The report defines, describes, and forecasts the vacuum contactor market, by configuration, application, voltage rating, end-user, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market, which include the analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in the vacuum contactor market.
Key Benefits of Buying the Report
The report will help the leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall market and the sub-segments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the relay market and provides them information on key market drivers, restraints, challenges,and opportunities.
• Analysis of key drivers (Rising Demand for Energy Efficiency, Transition to Renewable Energy, Increased Industrialization, Smart Grid and Digitalization, Growing Demand for Electric Vehicles), restraints (Regulatory Compliance, Competition from Alternatives, Technical Complexity, Integration with Existing Systems), opportunities (Smart Grid Integration, Digitalization and IoT, Renewable Energy Integration, Industrial Automation, Electrification of Transportation), and challenges (Market Fragmentation, high temperature, Operational Safety, Rapid Technological Advancements) influencing the growth of the vacuum contactor market.
• Product Development/ Innovation: Vacuum contactor market, as manufacturers strive to address challenges, meet customer demands, and stay ahead in a competitive landscape. These advancements are characterized by a convergence of technology and functionality, aiming to enhance the efficiency, reliability, and versatility of vacuum contactors. One notable trend is the integration of smart technologies, enabling remote monitoring, predictive maintenance, and real-time diagnostics. This not only minimizes downtime but also maximizes operational efficiency. Moreover, manufacturers are focusing on improving the environmental sustainability of vacuum contactors by developing designs that adhere to stringent regulations regarding materials and emissions.
• Market Development: In the vacuum contactor market, market development efforts involve identifying and entering markets with growth potential, often leveraging the existing product offerings and expertise. This strategy allows companies to diversify their customer base, increase revenue streams, and mitigate risks associated with dependence on a single market. One avenue for market development in the vacuum contactor industry is to target emerging economies that are experiencing rapid industrialization and urbanization. These regions often have a growing demand for reliable power distribution systems, making vacuum contactors an attractive solution due to their robustness and extended lifespan. Strategic alliances and partnerships can accelerate market development efforts. Collaborating with local manufacturers, suppliers, or service providers can enhance product distribution and provide insights into local preferences and requirements.
• Market Diversification: It involves expanding the range of applications and industries that vacuum contactors serve, thereby reducing reliance on a single market segment and mitigating risks associated with market fluctuations. By targeting new sectors and applications, vacuum contactor manufacturers can tap into multiple revenue streams and ensure sustainable growth. Traditionally, vacuum contactors have been widely used in power distribution and control systems for applications such as motor starting, lighting control, and capacitor switching. However, market diversification can involve entering the field of industrial automation and robotics. In modern manufacturing environments, industrial robots play a crucial role in streamlining production processes and enhancing efficiency. Vacuum contactors can be integrated into robotic systems to manage power distribution, control motors, and ensure reliable operation.
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Eaton (Ireland), ABB (Switzerland), Schneider Electric (France), Siemens (Germany), and General Electric (US) among others in the vacuum contactor market.

Table of Contents

1 INTRODUCTION 24
1.1 STUDY OBJECTIVES 24
1.2 MARKET DEFINITION 24
1.3 INCLUSIONS AND EXCLUSIONS 25
1.3.1 VACUUM CONTACTOR MARKET, BY CONFIGURATION 25
1.3.2 VACUUM CONTACTOR MARKET, BY APPLICATION 25
1.3.3 VACUUM CONTACTOR MARKET, BY VOLTAGE RATING 25
1.3.4 VACUUM CONTACTOR MARKET, BY VERTICAL 26
1.3.5 VACUUM CONTACTOR MARKET, BY REGION 26
1.4 MARKETS COVERED 26
1.5 REGIONAL SCOPE 27
1.6 YEARS CONSIDERED 27
1.7 CURRENCY CONSIDERED 28
1.8 LIMITATIONS 28
1.9 STAKEHOLDERS 28
1.10 SUMMARY OF CHANGES 29
1.11 RECESSION IMPACT 30
2 RESEARCH METHODOLOGY 31
2.1 RESEARCH DATA 31
FIGURE 1 VACUUM CONTACTOR MARKET: RESEARCH DESIGN 31
2.2 DATA TRIANGULATION 32
FIGURE 2 DATA TRIANGULATION METHODOLOGY 32
2.2.1 SECONDARY DATA 32
2.2.1.1 Key data from secondary sources 33
2.2.2 PRIMARY DATA 33
2.2.2.1 Breakdown of primaries 33
FIGURE 3 KEY INDUSTRY INSIGHTS 34
FIGURE 4 BREAKDOWN OF PRIMARIES 34
FIGURE 5 MAIN METRICS CONSIDERED WHILE ANALYZING AND ASSESSING DEMAND FOR VACUUM CONTACTORS 35
2.3 MARKET SIZE ESTIMATION 35
2.3.1 BOTTOM-UP APPROACH 35
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 36
2.3.2 TOP-DOWN APPROACH 36
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 36
2.3.3 DEMAND-SIDE ANALYSIS 37
2.3.3.1 Regional analysis 38
2.3.3.2 Country-level analysis 38
2.3.3.3 Demand-side assumptions 38
2.3.3.4 Demand-side calculations 39
2.3.4 SUPPLY-SIDE ANALYSIS 39
FIGURE 8 KEY STEPS CONSIDERED FOR ASSESSING SUPPLY-SIDE OF VACUUM CONTACTORS 39
FIGURE 9 VACUUM CONTACTOR MARKET: SUPPLY-SIDE ANALYSIS 40
2.3.4.1 Supply-side assumptions 40
2.3.4.2 Supply-side calculations 40
2.3.5 GROWTH FORECAST 41
2.4 RECESSION IMPACT 41
3 EXECUTIVE SUMMARY 42
TABLE 1 SNAPSHOT OF VACUUM CONTACTOR MARKET 43
FIGURE 10 1–5 KV SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE, BY VOLTAGE RATING, IN 2028 44
FIGURE 11 MOTORS SEGMENT TO DOMINATE MARKET, BY APPLICATION, IN 2028 44
FIGURE 12 CONTACTOR FUSE COMBINATION TO EXHIBIT HIGHER CAGR, BY CONFIGURATION DURING FORECAST PERIOD 45
FIGURE 13 UTILITIES TO BE FASTEST-GROWING VERTICAL DURING FORECAST PERIOD 45
FIGURE 14 ASIA PACIFIC ACCOUNTED FOR LARGEST MARKET SHARE IN 2022 46
4 PREMIUM INSIGHTS 47
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN VACUUM CONTACTOR MARKET 47
FIGURE 15 GROWING EMPHASIS ON UPGRADING AGING INFRASTRUCTURE TO DRIVE VACUUM CONTACTOR MARKET FROM 2023 TO 2028 47
4.2 VACUUM CONTACTOR MARKET IN ASIA PACIFIC, BY CONFIGURATION AND COUNTRY 48
FIGURE 16 CHINA AND CONTACTOR FUSE COMBINATION CONTACTORS HELD LARGEST SHARES OF ASIA PACIFIC MARKET IN 2022 48
4.3 VACUUM CONTACTOR MARKET, BY VOLTAGE 48
FIGURE 17 1–5 KV SEGMENT HELD LARGEST SHARE OF VACUUM CONTACTOR MARKET IN 2022 48
4.4 VACUUM CONTACTOR MARKET, BY APPLICATION 49
FIGURE 18 MOTORS SEGMENT CAPTURED LARGEST MARKET SHARE IN 2022 49
4.5 VACUUM CONTACTOR MARKET, BY CONFIGURATION 49
FIGURE 19 CONTACTOR FUSE COMBINATION SEGMENT ACCOUNTED FOR LARGER MARKET SHARE IN 2022 49
4.6 VACUUM CONTACTOR MARKET, BY VERTICAL 50
FIGURE 20 UTILITIES SECTOR ACCOUNTED FOR LARGEST MARKET SHARE IN 2022 50
4.7 VACUUM CONTACTOR MARKET, BY REGION 50
FIGURE 21 ASIA PACIFIC TO RECORD HIGHEST CAGR DURING FORECAST PERIOD 50
5 MARKET OVERVIEW 51
5.1 INTRODUCTION 51
5.2 MARKET DYNAMICS 52
FIGURE 22 VACUUM CONTACTOR MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 52
5.2.1 DRIVERS 52
5.2.1.1 Rising focus on renewable energy and industrial automation 52
5.2.1.2 Electrification of rural areas 53
5.2.1.3 Surging demand for HVAC equipment 53
5.2.2 RESTRAINTS 54
5.2.2.1 Competition from other switching technologies 54
5.2.2.2 Stringent environmental regulations 54
5.2.3 OPPORTUNITIES 55
5.2.3.1 Prevailing opportunities in railway sector 55
5.2.4 CHALLENGES 55
5.2.4.1 Transition from traditional to digitalized infrastructure 55
5.2.4.2 Lack of technicians and engineers well-versed in traditional and digital technologies 55
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 56
5.3.1 REVENUE SHIFTS AND NEW REVENUE POCKETS FOR PLAYERS IN VACUUM CONTACTOR MARKET 56
FIGURE 23 REVENUE SHIFT AND NEW REVENUE POCKETS FOR PROVIDERS OF VACUUM CONTACTOR MARKET 56
5.4 ECOSYSTEM MAPPING 57
5.4.1 PARTICIPANTS IN VACUUM CONTACTOR ECOSYSTEM 57
5.5 TRADE ANALYSIS 58
TABLE 2 COUNTRY-WISE EXPORT DATA, 2021 AND 2022 (USD MILLION) 58
TABLE 3 COUNTRY-WISE IMPORT DATA, 2021 AND 2022 (USD MILLION) 59
5.6 VALUE CHAIN ANALYSIS 60
FIGURE 24 VACUUM CONTACTOR VALUE CHAIN ANALYSIS 60
5.6.1 RAW MATERIAL PROVIDERS/SUPPLIERS 60
5.6.2 COMPONENT MANUFACTURERS 60
5.6.3 ASSEMBLERS/MANUFACTURERS 61
5.6.4 DISTRIBUTORS (BUYERS)/END USERS 61
5.6.5 POST-SALES SERVICE PROVIDERS 61
5.7 TECHNOLOGY ANALYSIS 61
5.7.1 TECHNOLOGY TRENDS 61
5.8 PORTER’S FIVE FORCES ANALYSIS 62
FIGURE 25 IMPACT OF PORTER’S FIVE FORCES ON VACUUM CONTACTOR MARKET 62
TABLE 4 VACUUM CONTACTOR MARKET: PORTER’S FIVE FORCES ANALYSIS 62
5.8.1 THREAT OF SUBSTITUTES 62
5.8.2 BARGAINING POWER OF SUPPLIERS 63
5.8.3 BARGAINING POWER OF BUYERS 63
5.8.4 THREAT OF NEW ENTRANTS 63
5.8.5 INTENSITY OF COMPETITIVE RIVALRY 63
5.9 REGULATORY STANDARDS 64
TABLE 5 VACUUM CONTACTOR: STANDARDS AND REGULATIONS 64
5.10 PATENT ANALYSIS 66
5.11 CASE STUDY ANALYSIS 72
5.11.1 POTATO FARMS IN US UPGRADE TO VACUUM CONTACTORS AFTER CONSULTATIONS FROM GE 72
5.12 PRICING ANALYSIS 72
FIGURE 26 AVERAGE SELLING PRICE OF VACUUM CONTACTOR, BY VOLTAGE RATING 72
TABLE 6 AVERAGE SELLING PRICE RANGE OF VACUUM CONTACTOR, BY VOLTAGE RATING 73
5.13 KEY STAKEHOLDERS AND BUYING CRITERIA 73
5.13.1 KEY STAKEHOLDERS IN BUYING PROCESS 73
FIGURE 27 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS 73
TABLE 7 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS 73
5.13.2 BUYING CRITERIA 74
FIGURE 28 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS 74
TABLE 8 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS 74
5.14 KEY CONFERENCES AND EVENTS, 2023–2024 75
TABLE 9 VACUUM CONTACTOR MARKET: LIST OF CONFERENCES AND EVENTS 75
5.15 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 76
TABLE 10 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 76
TABLE 11 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 77
TABLE 12 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 77
TABLE 13 SOUTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 79
TABLE 14 MIDDLE EAST AND AFRICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 79
6 VACUUM CONTACTOR MARKET, BY APPLICATION 80
6.1 INTRODUCTION 81
FIGURE 29 MOTORS SEGMENT DOMINATED MARKET IN 2022 81
TABLE 15 VACUUM CONTACTOR MARKET, BY APPLICATION, 2021–2028 (USD MILLION) 82
6.2 MOTORS 82
6.2.1 INCREASING EMPHASIS ON ENERGY EFFICIENCY TO BOOST ADOPTION OF SOPHISTICATED MOTORS 82
TABLE 16 MOTORS: VACUUM CONTACTOR MARKET, BY REGION, 2021–2028 (USD MILLION) 83
6.3 TRANSFORMERS 83
6.3.1 RISING INDUSTRIAL AND COMMERCIAL ACTIVITIES TO DRIVE VACUUM CONTACTOR DEMAND 83
TABLE 17 TRANSFORMERS: VACUUM CONTACTOR MARKET, BY REGION, 2021–2028 (USD MILLION) 84
6.4 CAPACITORS 84
6.4.1 RISING DEPLOYMENT OF POWER FACTOR CORRECTION DEVICES IMPLEMENTING IN RESIDENTIAL AND NON-RESIDENTIAL BUILDINGS 84
TABLE 18 CAPACITORS: VACUUM CONTACTOR MARKET, BY REGION, 2021–2028 (USD MILLION) 85
6.5 REACTORS 86
6.5.1 GROWING USE OF REACTORS IN METALS & MINING INDUSTRY TO BOOST SEGMENTAL GROWTH 86
TABLE 19 REACTORS: VACUUM CONTACTOR MARKET, BY REGION, 2021–2028 (USD MILLION) 86
6.6 RESISTIVE LOADS 87
6.6.1 INCREASING ADOPTION OF RESISTIVE LOADS IN CHEMICAL PROCESSING TO OFFER LUCRATIVE GROWTH OPPORTUNITIES 87
TABLE 20 RESISTIVE LOADS: VACUUM CONTACTOR MARKET, BY REGION, 2021–2028 (USD MILLION) 87
6.7 OTHER MEDIUM VOLTAGE EQUIPMENT 88
TABLE 21 OTHER MEDIUM-VOLTAGE EQUIPMENT: VACUUM CONTACTOR MARKET, BY REGION, 2021–2028 (USD MILLION) 89
7 VACUUM CONTACTOR MARKET, BY VERTICAL 90
7.1 INTRODUCTION 91
FIGURE 30 UTILITIES SECTOR ACCOUNTED FOR LARGEST MARKET SHARE IN 2022 91
TABLE 22 VACUUM CONTACTOR MARKET, BY VERTICAL, 2021–2028 (USD MILLION) 91
7.2 UTILITIES 92
7.2.1 ADVENT OF NEW ELECTRICAL GADGETS TO OFFER LUCRATIVE OPPORTUNITIES 92
TABLE 23 UTILITIES: VACUUM CONTACTOR MARKET, BY REGION, 2021–2028 (USD MILLION) 93
7.3 INDUSTRIAL 93
7.3.1 EMERGENCE OF COST-EFFECTIVE MANUFACTURING TECHNIQUES TO DRIVE ADOPTION OF VACUUM CONTACTORS 93
TABLE 24 INDUSTRIAL: VACUUM CONTACTOR MARKET, BY REGION, 2021–2028 (USD MILLION) 94
7.4 OIL & GAS 94
7.4.1 GROWING UTILIZATION OF VACUUM CONTACTOR IN OIL AND GAS REFINERIES TO SUPPORT MARKET GROWTH 94
TABLE 25 OIL & GAS: VACUUM CONTACTOR MARKET, BY REGION, 2021–2028 (USD MILLION) 95
7.5 COMMERCIAL 95
7.5.1 EXPANSION OF COMMERCIAL FIRMS IN DEVELOPING COUNTRIES TO CONTRIBUTE TO MARKET GROWTH 95
TABLE 26 COMMERCIAL: VACUUM CONTACTOR MARKET, BY REGION, 2021–2028 (UNITS) 96
7.6 MINING 97
7.6.1 INCREASING ADOPTION OF AUTOMATION AND DIGITAL TECHNOLOGIES IN MINING SECTOR TO DRIVE MARKET 97
TABLE 27 MINING: VACUUM CONTACTOR MARKET, BY REGION, 2021–2028 (USD MILLION) 98
7.7 OTHER VERTICALS 98
TABLE 28 OTHER VERTICALS: VACUUM CONTACTOR MARKET, BY REGION, 2021–2028 (USD MILLION) 99
8 VACUUM CONTACTOR MARKET, BY CONFIGURATION 100
8.1 INTRODUCTION 101
FIGURE 31 CONTACTOR FUSE COMBINATION SEGMENT DOMINATED MARKET IN 2022 101
TABLE 29 VACUUM CONTACTOR MARKET, BY CONFIGURATION, 2021–2028 (USD MILLION) 102
8.2 CONTACTORS 102
8.2.1 TRANSITION TOWARD SUSTAINABLE ENERGY SOURCES TO DRIVE MARKET 102
8.3 CONTACTOR FUSE COMBINATION 103
8.3.1 ADOPTION OF VACUUM CONTACTORS BY DATA CENTER OWNERS IN POWER CONTROL AND PROTECTION APPLICATIONS TO DRIVE MARKET 103
9 VACUUM CONTACTOR MARKET, BY VOLTAGE RATING 104
9.1 INTRODUCTION 105
FIGURE 32 1–5 KV SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 2022 105
TABLE 30 VACUUM CONTACTOR MARKET, BY VOLTAGE RATING, 2021–2028 (USD MILLION) 106
TABLE 31 VACUUM CONTACTOR MARKET, BY VOLTAGE RATING, 2021–2028 (THOUSAND UNITS) 106
9.2 1–5 KV 106
9.2.1 GROWING FOCUS ON REDUCING TRANSMISSION LOSSES TO BENEFIT MARKET 106
TABLE 32 1–5 KV VOLTAGE RATING: VACUUM CONTACTOR MARKET, BY REGION, 2021–2028 (USD MILLION) 107
9.3 5.1–10 KV 107
9.3.1 RAPID ECONOMIC GROWTH IN DEVELOPING COUNTRIES TO OFFER LUCRATIVE OPPORTUNITIES 107
TABLE 33 5.1–10 KV: VACUUM CONTACTOR MARKET, BY REGION, 2021–2028 (USD MILLION) 108
9.4 10.1–15 KV 108
9.4.1 MANUFACTURING, MINING, AND METAL INDUSTRIES TO CONTRIBUTE TO MARKET GROWTH 108
TABLE 34 FROM 10.1–15 KV: VACUUM CONTACTOR MARKET, BY REGION, 2021–2028 (USD MILLION) 109
9.5 15.1–24 KV 109
9.5.1 EXPANSION OF RENEWABLE ENERGY PROJECTS TO DRIVE MARKET 109
TABLE 35 15.1–24 KV: VACUUM CONTACTOR MARKET, BY REGION, 2021–2028 (USD MILLION) 110
10 VACUUM CONTACTOR MARKET, BY REGION 111
10.1 INTRODUCTION 112
FIGURE 33 ASIA PACIFIC TO DISPLAY HIGHEST CAGR DURING FORECAST PERIOD 112
10.2 IMPACT OF RECESSION 112
TABLE 36 VACUUM CONTACTOR MARKET, BY REGION, 2021–2028 (USD MILLION) 113
TABLE 37 VACUUM CONTACTOR MARKET, BY REGION, 2021–2028 (THOUSAND UNITS) 113
FIGURE 34 VACUUM CONTACTOR MARKET, BY REGION 114
10.3 NORTH AMERICA 114
FIGURE 35 NORTH AMERICA: VACUUM CONTACTOR MARKET SNAPSHOT 115
10.3.1 RECESSION IMPACT: NORTH AMERICA 115
TABLE 38 NORTH AMERICA: VACUUM CONTACTOR MARKET, BY VOLTAGE RATING, 2021–2028 (USD MILLION) 116
TABLE 39 NORTH AMERICA: VACUUM CONTACTOR MARKET, BY APPLICATION, 2021–2028 (USD MILLION) 116
TABLE 40 NORTH AMERICA: VACUUM CONTACTOR MARKET, BY VERTICAL, 2021–2028 (USD MILLION) 117
TABLE 41 NORTH AMERICA: VACUUM CONTACTOR MARKET, BY COUNTRY, 2021–2028 (USD MILLION) 117
10.3.2 US 118
10.3.2.1 Thriving utilities sector to drive market 118
TABLE 42 US: VACUUM CONTACTOR MARKET, BY VERTICAL, 2021–2028 (USD MILLION) 118
10.3.3 CANADA 119
10.3.3.1 Government grants to advance manufacturing technologies to boost market 119
TABLE 43 CANADA: VACUUM CONTACTOR MARKET, BY VERTICAL, 2021–2028 (USD MILLION) 120
10.3.4 MEXICO 120
10.3.4.1 Booming industrial sector to offer lucrative opportunities for market players 120
TABLE 44 MEXICO: VACUUM CONTACTOR MARKET, BY VERTICAL, 2021–2028 (USD MILLION) 121
10.4 EUROPE 122
FIGURE 36 EUROPE: VACUUM CONTACTOR MARKET SNAPSHOT 123
10.4.1 RECESSION IMPACT: EUROPE 123
TABLE 45 EUROPE: VACUUM CONTACTOR MARKET, BY VOLTAGE RATING, 2021–2028 (USD MILLION) 124
TABLE 46 EUROPE: VACUUM CONTACTOR MARKET, BY APPLICATION, 2021–2028 (USD MILLION) 124
TABLE 47 EUROPE: VACUUM CONTACTOR MARKET, BY VERTICAL, 2021–2028 (USD MILLION) 125
TABLE 48 EUROPE: VACUUM CONTACTOR MARKET, BY COUNTRY, 2021–2028 (USD MILLION) 125
10.4.2 FRANCE 126
10.4.2.1 Growing emphasis of industrial players on automation and energy efficiency to drive market 126
TABLE 49 FRANCE: VACUUM CONTACTOR MARKET, BY VERTICAL, 2021–2028 (USD MILLION) 126
10.4.3 GERMANY 127
10.4.3.1 Rising adoption of advanced electrical switching systems to fuel market 127
TABLE 50 GERMANY: VACUUM CONTACTOR MARKET, BY VERTICAL, 2021–2028 (USD MILLION) 127
10.4.4 ITALY 128
10.4.4.1 Growing inclination toward cleaner energy sources to drive market 128
TABLE 51 ITALY: VACUUM CONTACTOR MARKET, BY VERTICAL, 2021–2028 (USD MILLION) 129
10.4.5 UK 129
10.4.5.1 Rising adoption of EVs and renewable energy resources to drive market 129
TABLE 52 UK: VACUUM CONTACTOR MARKET, BY VERTICAL, 2021–2028 (USD MILLION) 130
10.4.6 RUSSIA 130
10.4.6.1 Rising focus on expansion and modernization of industrial infrastructure to support market growth 130
TABLE 53 RUSSIA: VACUUM CONTACTOR MARKET, BY VERTICAL, 2021–2028 (USD MILLION) 131
10.4.7 REST OF EUROPE 131
TABLE 54 REST OF EUROPE: VACUUM CONTACTOR MARKET, BY VERTICAL, 2021–2028 (USD MILLION) 132
10.5 ASIA PACIFIC 132
FIGURE 37 ASIA PACIFIC: VACUUM CONTACTOR MARKET SNAPSHOT 133
10.5.1 RECESSION IMPACT: ASIA PACIFIC 133
TABLE 55 ASIA PACIFIC: VACUUM CONTACTOR MARKET, BY VOLTAGE RATING, 2021–2028 (USD MILLION) 134
TABLE 56 ASIA PACIFIC: VACUUM CONTACTOR MARKET, BY APPLICATION, 2021–2028 (USD MILLION) 134
TABLE 57 ASIA PACIFIC: VACUUM CONTACTOR MARKET, BY VERTICAL, 2021–2028 (USD MILLION) 135
TABLE 58 ASIA PACIFIC: VACUUM CONTACTOR MARKET, BY COUNTRY, 2021–2028 (USD MILLION) 135
10.5.2 CHINA 136
10.5.2.1 Rapid industrialization and urbanization to provide lucrative opportunities 136
TABLE 59 CHINA: VACUUM CONTACTOR MARKET, BY VERTICAL, 2021–2028 (USD MILLION) 137
10.5.3 INDIA 137
10.5.3.1 Push for automation and Industry 4.0 practices to drive market 137
TABLE 60 INDIA: VACUUM CONTACTOR MARKET, BY VERTICAL, 2021–2028 (USD MILLION) 138
10.5.4 JAPAN 138
10.5.4.1 Deployment of smart grid solutions to drive market 138
TABLE 61 JAPAN: VACUUM CONTACTOR MARKET, BY VERTICAL, 2021–2028 (USD MILLION) 139
10.5.5 SOUTH KOREA 139
10.5.5.1 Growing focus on industrial automation and robotics to drive market 139
TABLE 62 SOUTH KOREA: VACUUM CONTACTOR MARKET, BY VERTICAL, 2021–2028 (USD MILLION) 140
10.5.6 REST OF ASIA PACIFIC 140
TABLE 63 REST OF ASIA PACIFIC: VACUUM CONTACTOR MARKET, BY VERTICAL, 2021–2028 (USD MILLION) 141
10.6 SOUTH AMERICA 141
TABLE 64 SOUTH AMERICA: VACUUM CONTACTOR MARKET, BY VOLTAGE RATING, 2021–2028 (USD MILLION) 142
TABLE 65 SOUTH AMERICA: VACUUM CONTACTOR MARKET, BY APPLICATION, 2021–2028 (USD MILLION) 142
TABLE 66 SOUTH AMERICA: VACUUM CONTACTOR MARKET, BY VERTICAL, 2021–2028 (USD MILLION) 143
TABLE 67 SOUTH AMERICA: VACUUM CONTACTOR MARKET, BY COUNTRY, 2021–2028 (USD MILLION) 143
10.6.1 RECESSION IMPACT: SOUTH AMERICA 144
10.6.2 ARGENTINA 144
10.6.2.1 Policies promoting renewable energy to benefit market 144
TABLE 68 ARGENTINA: VACUUM CONTACTOR MARKET, BY VERTICAL, 2021–2028 (USD MILLION) 145
10.6.3 BRAZIL 145
10.6.3.1 Growing focus on wind and solar energy to drive market 145
TABLE 69 BRAZIL: VACUUM CONTACTOR MARKET, BY VERTICAL, 2021–2028 (USD MILLION) 146
10.6.4 REST OF SOUTH AMERICA 146
TABLE 70 REST OF SOUTH AMERICA: VACUUM CONTACTOR MARKET, BY VERTICAL, 2021–2028 (USD MILLION) 147
10.7 MIDDLE EAST & AFRICA 147
TABLE 71 MIDDLE EAST & AFRICA: VACUUM CONTACTOR MARKET, BY VOLTAGE RATING, 2021–2028 (USD MILLION) 148
TABLE 72 MIDDLE EAST & AFRICA: VACUUM CONTACTOR MARKET, BY APPLICATION, 2021–2028 (USD MILLION) 148
TABLE 73 MIDDLE EAST & AFRICA: VACUUM CONTACTOR MARKET, BY VERTICAL, 2021–2028 (USD MILLION) 149
TABLE 74 MIDDLE EAST & AFRICA: VACUUM CONTACTOR MARKET, BY COUNTRY, 2021–2028 (USD MILLION) 149
10.7.1 SAUDI ARABIA 150
10.7.1.1 Launch of infrastructure and renewable energy projects to foster market growth 150
TABLE 75 SAUDI ARABIA: VACUUM CONTACTOR MARKET, BY VERTICAL, 2021–2028 (USD MILLION) 150
10.7.2 UAE 151
10.7.2.1 Smart cities and transportation networks projects to drive market 151
TABLE 76 UAE: VACUUM CONTACTOR MARKET, BY VERTICAL, 2021–2028 (USD MILLION) 151
10.7.3 SOUTH AFRICA 152
10.7.3.1 Ongoing renewable energy generation projects to create opportunities for vacuum contactor vendors 152
TABLE 77 SOUTH AFRICA: VACUUM CONTACTOR MARKET, BY VERTICAL, 2021–2028 (USD MILLION) 152
10.7.4 REST OF MIDDLE EAST & AFRICA 153
TABLE 78 REST OF MIDDLE EAST & AFRICA: VACUUM CONTACTOR MARKET, BY VERTICAL, 2021–2028 (USD MILLION) 153
11 COMPETITIVE LANDSCAPE 154
11.1 OVERVIEW 154
11.2 KEY STRATEGIES ADOPTED BY MAJOR PLAYERS 154
TABLE 79 OVERVIEW OF STRATEGIES ADOPTED BY TOP PLAYERS, 2019–2023 154
11.3 MARKET SHARE ANALYSIS, 2022 156
TABLE 80 VACUUM CONTACTOR MARKET: DEGREE OF COMPETITION 156
FIGURE 38 VACUUM CONTACTOR MARKET SHARE ANALYSIS, 2022 157
11.4 FIVE-YEAR REVENUE ANALYSIS OF TOP COMPANIES, 2019–2022 158
FIGURE 39 REVENUE ANALYSIS OF TOP FIVE COMPANIES IN VACUUM CONTACTOR MARKET, 2018–2022 158
11.5 KEY COMPANY EVALUATION MATRIX, 2022 159
11.5.1 STARS 159
11.5.2 PERVASIVE PLAYERS 159
11.5.3 EMERGING LEADERS 159
11.5.4 PARTICIPANTS 159
FIGURE 40 VACUUM CONTACTOR MARKET: COMPANY EVALUATION MATRIX, 2022 160
11.6 STARTUPS/SMES EVALUATION MATRIX, 2022 160
11.6.1 PROGRESSIVE COMPANIES 160
11.6.2 RESPONSIVE COMPANIES 160
11.6.3 STARTING BLOCKS 161
11.6.4 DYNAMIC COMPANIES 161
FIGURE 41 VACUUM CONTACTOR MARKET: STARTUPS/SMES EVALUATION MATRIX, 2022 161
11.6.5 COMPETITIVE BENCHMARKING 162
TABLE 81 VACUUM CONTACTOR MARKET: DETAILED LIST OF KEY STARTUPS/SMES 162
TABLE 82 STARTUPS/SMES: VERTICAL FOOTPRINT 162
11.7 COMPANY FOOTPRINT 163
TABLE 83 KEY COMPANIES: VOLTAGE FOOTPRINT 163
TABLE 84 KEY COMPANIES: VERTICAL FOOTPRINT 164
TABLE 85 KEY COMPANIES: REGION FOOTPRINT 165
TABLE 86 KEY COMPANIES: OVERALL COMPANY FOOTPRINT 166
11.8 COMPETITIVE SCENARIOS AND TRENDS 167
TABLE 87 VACUUM CONTACTOR MARKET: PRODUCT LAUNCHES, 2019–2023 167
TABLE 88 VACUUM CONTACTOR MARKET: DEALS, 2019–2023 167
12 COMPANY PROFILES 169
(Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)*
12.1 KEY PLAYERS 169
12.1.1 ABB LTD. 169
TABLE 89 ABB LTD.: COMPANY OVERVIEW 169
FIGURE 42 ABB LTD.: COMPANY SNAPSHOT 170
TABLE 90 ABB LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 170
12.1.2 SIEMENS 173
TABLE 91 SIEMENS: COMPANY OVERVIEW 173
FIGURE 43 SIEMENS: COMPANY SNAPSHOT 174
TABLE 92 SIEMENS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 174
12.1.3 SCHNEIDER ELECTRIC 176
TABLE 93 SCHNEIDER ELECTRIC: COMPANY OVERVIEW 176
FIGURE 44 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT 177
TABLE 94 SCHNEIDER ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 178
12.1.4 EATON 180
TABLE 95 EATON: COMPANY OVERVIEW 180
FIGURE 45 EATON: COMPANY SNAPSHOT 181
TABLE 96 SIEMENS LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED 182
12.1.5 TOSHIBA CORPORATION 184
TABLE 97 TOSHIBA CORPORATION: COMPANY OVERVIEW 184
FIGURE 46 TOSHIBA CORPORATION: COMPANY SNAPSHOT 185
TABLE 98 TOSHIBA CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 185
12.1.6 GENERAL ELECTRIC 188
TABLE 99 GENERAL ELECTRIC: COMPANY OVERVIEW 188
FIGURE 47 GENERAL ELECTRIC: COMPANY SNAPSHOT 189
TABLE 100 GENERAL ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 189
12.1.7 MITSUBISHI ELECTRIC 190
TABLE 101 MITSUBISHI ELECTRIC: COMPANY OVERVIEW 190
FIGURE 48 MITSUBISHI ELECTRIC: COMPANY SNAPSHOT 191
TABLE 102 MITSUBISHI ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 191
12.1.8 YUEQING LIYOND ELECTRIC CO., LTD. 192
TABLE 103 YUEQING LIYOND ELECTRIC CO., LTD.: COMPANY OVERVIEW 192
TABLE 104 YUEQING LIYOND ELECTRIC CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 192
12.1.9 ROCKWELL AUTOMATION 194
TABLE 105 ROCKWELL AUTOMATION: COMPANY OVERVIEW 194
FIGURE 49 ROCKWELL AUTOMATION: COMPANY SNAPSHOT 195
TABLE 106 ROCKWELL AUTOMATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 196
12.1.10 LS ELECTRIC CO., LTD. 197
TABLE 107 LS ELECTRIC CO., LTD.: COMPANY OVERVIEW 197
TABLE 108 LS ELECTRIC CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 197
12.1.11 CG POWER & INDUSTRIAL SOLUTIONS LTD. 198
TABLE 109 CG POWER & INDUSTRIAL SOLUTIONS LTD.: COMPANY OVERVIEW 198
FIGURE 50 CG POWER & INDUSTRIAL SOLUTIONS LTD.: COMPANY SNAPSHOT 199
TABLE 110 CG POWER & INDUSTRIAL SOLUTIONS LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 200
12.1.12 SPECIALTY PRODUCT TECHNOLOGIES (JOSLYN CLARK) 201
TABLE 111 SPECIALTY PRODUCT TECHNOLOGIES (JOSLYN CLARK): COMPANY OVERVIEW 201
TABLE 112 SPECIALTY PRODUCT TECHNOLOGIES (JOSLYN CLARK) : PRODUCTS/SOLUTIONS/SERVICES OFFERED 202
12.1.13 WUXI HAIBANG MECHANICAL & ELECTRICAL MANUFACTURING CO., LTD. 203
TABLE 113 WUXI HAIBANG MECHANICAL & ELECTRICAL MANUFACTURING CO., LTD.: COMPANY OVERVIEW 203
TABLE 114 WUXI HAIBANG MECHANICAL & ELECTRICAL MANUFACTURING CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 203
12.1.14 TDK ELECTRONICS 206
TABLE 115 TDK ELECTRONICS: COMPANY OVERVIEW 206
FIGURE 51 TDK ELECTRONICS: COMPANY SNAPSHOT 207
TABLE 116 TDK ELECTRONICS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 207
TABLE 117 TDK ELECTRONICS: DEALS 208
12.1.15 AMPCONTROL LIMITED 209
TABLE 118 AMPCONTROL LIMITED: COMPANY OVERVIEW 209
TABLE 119 AMPCONTROL LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED 209
TABLE 120 AMPCONTROL LIMITED: DEALS 210
12.2 OTHER PLAYERS 211
12.2.1 FUJI ELECTRIC 211
12.2.2 MEIDENSHA CORPORATION 211
12.2.3 ARTECHE 212
12.2.4 ZHIYUE GROUP CO., LTD. 213
12.2.5 XIAMEN HUADIAN SWITCHGEAR CO., LTD 214
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)* might not be captured in case of unlisted companies.
13 APPENDIX 215
13.1 INSIGHTS FROM INDUSTRY EXPERTS 215
13.2 DISCUSSION GUIDE 216
13.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 221
13.4 CUSTOMIZATION OPTIONS 223
13.5 RELATED REPORTS 223
13.6 AUTHOR DETAILS 224