According to a new report, published by KBV research, The Global Vacuum Contactor Market size is expected to reach $6.2 billion by 2030, rising at a market growth of 6.2% CAGR during the forecast period. In the year 2022, the market attained a volume of 5,644.8 thousand units, experiencing a growth of 6.4% (2019-2022).
The Contactor Fuse Combination segment is capturing maximum revenue in the Global Vacuum Contactor Market by Configuration in 2022; thereby, achieving a market value of $4.1 billion by 2030. Contactors are known for their reliable and repeatable operation, making them dependable for critical processes and applications. In the case of a fault or overload, contactor fuse combinations can quickly isolate the affected circuit, preventing further damage and allowing for a controlled shutdown of the system. When a fault occurs, replacing a fuse is easier than repairing or replacing the contactor.
The 1KV - 5KV segment would experience a CAGR of 5.5 % during the forecast period. Vacuum contactors in this range precisely control electrical circuits within the 1 kV - 5 kV range. They are crucial for managing medium voltage loads effectively, reducing the risk of voltage fluctuations. These contactors are known for their rapid switching capabilities, essential for medium-voltage applications. The quick response ensures reliable circuit control and minimizes disruptions.
The Motors segment is registering maximum revenue in the Global Vacuum Contactor Market by Application in 2022; thereby, achieving a market value of $2.3 billion by 2030. Vacuum contactors are capable of rapid switching, making them ideal for controlling motors' start and stop functions. This enables efficient motor operation, reducing wear and tear on the components and extending the lifespan. Furthermore, the absence of arcing in vacuum contactors ensures the safety of motor operation by minimizing the risk of electrical faults and overheating.
The Industrial segment is poised to grow at a CAGR of 5.9% during (2023 - 2030). In industrial applications, vacuum contactors are used for motor control. Vacuum contactors are integrated into various manufacturing equipment, including conveyors, pumps, compressors, and industrial ovens. They provide reliable switching and control to ensure the smooth operation of these machines. Industrial HVAC systems rely on vacuum contactors to control and operate fans, blowers, and compressors. These components are essential for maintaining environmental conditions in large industrial facilities.
The Asia Pacific region is generating highest revenue in the Global Vacuum Contactor Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,.5 billion by 2030. The Europe region would witness a CAGR of 5.7% during (2023 - 2030). Additionally, The North America region would experience a CAGR of 5.5% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/vacuum-contactor-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Ampcontrol Limited (Washington H. Soul Pattinson and Company Limited), Yueqing Liyond Electric Co., Ltd., Zhiyue Group Co., Ltd, ABB Group, Siemens AG, Eaton Corporation PLC, Schneider Electric SE, Rockwell Automation, Inc., Fuji Electric Co. Ltd., and Toshiba Corporation
By Configuration (Volume, Thousand Units, USD Billion, 2019 to 2030)
By Voltage Rating (Volume, Thousand Units, USD Billion, 2019 to 2030)
By Application
By End User (Volume, Thousand Units, USD Billion, 2019 to 2030)
By Geography (Volume, Thousand Units, USD Billion, 2019 to 2030)
Companies Profiled
Unique Offerings 
