ICT RESEARCH REPORTS Medium-Voltage-Vacuum-Contactors-Market | Page 2

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. Advantages associated
with using a vacuum as a switching medium are long electrical and mechanical life, extremely
compact size and no arc chutes or blow out coils. Thus, the market of medium voltage vacuum
contactor is expected to grow with growth of the Heating, Ventilation and Air Conditioners (HVAC)
application.
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. Vacuum contactors enable safe and efficient switching capability at power plants, as
compared to air break contactors, which makes them a relatively more feasible solution in power
generation, transmission and distribution substations.
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Medium Voltage Vacuum Contractors: Regional Insight
The market for medium voltage vacuum contractors is segmented on the basis of six regions into
North America, Europe, Asia Pacific, Latin America, Middle East, and Africa.
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. 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. Medium voltage vacuum contactors
are favoured in typical load equipment, such as transformers, which is majorly used in the power
sector. Thus, growth of the power sector in Asia Pacific in turn, is expected to fuel grow of the
medium voltage vacuum contactors, over the forecast period.
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 contactors are suitable for application
that require large transformers or large motors, such as applications in the power generation and