Medium Voltage Vacuum Contactors Market Will Grow with the Rapid Growth of the Power Sector

 

Medium Voltage Vacuum Contactors Market

Vacuum contactors are fundamental components of any electrical circuit that requires voltage switching. It is used for switching an electric power circuit. Vacuum contactor consist of three parts, such as contacts to carry current, electromagnet to close the contacts, and enclosure to enclose the contact and electromagnet. Vacuum contractors are widely used as effective circuit breakers, at medium voltages, in various applications.

They are only applicable for use in AC systems. Moreover, medium voltage vacuum contactors are used in pumping stations, air conditioning systems, elevator and conveyer system, as well as in systems for reactive power compensation, and thus found in almost every industrial sector. They are load breaking devices with a limited short-circuit making and breaking capacity for applications with high switching rates.

Market Dynamics:

Rapid growth of the power sector due to the increasing power consumption worldwide is expected to augment the growth of the medium voltage vacuum contactors market. For instance, according to the United States Energy Information Administration (EIA), in 2019, total U.S. energy consumption was equal to about 100,165,395,000,000,000 Btu, or about 100.2 quadrillion Btu. Moreover, the electric power sector accounted for about 96% of total U.S. utility-scale electricity generation.

Moreover, with the increasing Heating, Ventilation, and Air Conditioners (HVAC) application, the demand for medium voltage vacuum contactor is also increasing, driving the medium voltage vacuum contactors market growth. Furthermore, increasing demand for circuit breaker (vacuum contactor) for both industrial and domestic use is expected to propel the growth of the medium voltage vacuum contactors market.

Competitive Analysis:

Major players operating in the medium voltage vacuum contactors market are ABB, Eaton, Tavrida Electric, Arteche, Joslyn Clark, General Electric, Siemens, Toshiba, and Mitsubishi Electric.

Major players in the market are adopting various inorganic strategies, such as product launch, partnership, etc., to strengthen their product portfolio or market position. For instance, in July 2019, Vizimax and Tavrida Electric launched what they say is the world’s first compact SF6-free single-pole operation-capable 24-kV metal-clad switchgear, with which companies can achieve near-zero inrush currents and reduce voltage dips when energizing power transformers, eliminating destructive transients when switching MV capacitors, harmonic filters, and reactors.

In April 2018, ABB announced the launch of a new vacuum contactor for switching electrical loads to the medium voltage offering, suited for a wide variety of applications requiring a high number of operations: motors, transformers, capacitor banks.


Location: India

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