𝐕𝐚𝐜𝐮𝐮𝐦 𝐈𝐧𝐭𝐞𝐫𝐫𝐮𝐩𝐭𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐛𝐲 𝐊𝐞𝐲 𝐕𝐞𝐧𝐝𝐨𝐫, 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧, 𝐆𝐫𝐨𝐰𝐭𝐡 𝐅𝐚𝐜𝐭𝐨𝐫𝐬 𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐭𝐨 𝟐𝟎𝟐𝟖
In 2020, the global vacuum
interrupter market was worth USD 1.94 billion. In the period 2021-2028, the
market is estimated to increase at a CAGR of 5.2 percent, from USD 2.02 billion
in 2021 to USD 2.88 billion in 2028. COVID-19 has had an unprecedented and
devastating worldwide impact, with vacuum interrupters experiencing a negative
demand shock across all regions during the epidemic. According to our
calculations, the global market will fall by -5.6 percent in 2020. When the
pandemic is finished, this market's demand and growth will revert to
pre-pandemic levels, resulting in a sharp increase in CAGR.
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List Of Key Players :
·
ABB (Switzerland)
·
Siemens AG (Germany)
·
Crompton Greaves Limited (India)
·
LS Industrial System (South Korea)
·
Mitsubishi Electric Corporation (Japan)
·
Toshiba Corporation (Japan)
·
Chengdu Xuguang Electronics Co. Ltd. (China)
·
Eaton (U.S.)
·
Shaanxi Baoguang Vacuum Electric Device Company
Ltd (China)
·
Meidensha Corporation (China)
·
Wuhan Feite Electric Company Ltd (China)
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KEY INDUSTRY DEVELOPMENTS:
In January 2021, ABB India has announced to launch Formula
DIN-Rail, a range of Miniature Circuit Breakers, Isolators, and Residual
Current Circuit Breakers for the electrical retail market which is expected to
be worth USD 250 million in India.
In September 2020, Siemens AG has announced to update its portfolio
of air circuit breakers. The company has added features to update this circuit
breaker from the web. The company has even introduced new 3WA series with
numerous software-based features.
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