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  5. > Vacuum Interrupter Market by Applications, by end-users, & by Region - Global Trends & Forecasts to 2020

This report estimates the vacuum interrupter market in terms of value in USD million. The overall vacuum interrupter market is expected to grow at a CAGR of 6.0% from 2015 to 2020. The market has been classified on the basis of application, end-user, and region, which has been further divided on the basis of countries. Moreover, there is an in-depth regional country analysis based on the end-user in the market.

The study has profiled leading players of the industry, along with their recent developments and other strategic industry activities. Some of the key companies’ profiles include ABB Ltd. (Switzerland), Eaton Corporation Plc. (Ireland), Siemens AG (Germany), Mitsubishi Electric Corporation (Japan), Shaanxi Baoguang Vacuum Electric Device Co., Ltd. (China), LS Industries (South Korea), Wuhan Feite Electronic Co. Ltd. (China) and Toshiba Corporation (Japan).

Asia-Pacific leads the vacuum interrupter market globally with the biggest market share and is expected to grow with a high CAGR among the other regions. This growth is attributed to the growing industrialization and urbanization in the market. There is also a good scope for utilities sector in developed regions like North America and Europe, owing to grid modernization and replacement market for its aging power infrastructure. Oil & Gas are second most growing application for vacuum interrupters as there is growth in exploration and production activities around the globe. The end-users mining and transportation have a considerable combined share in the market.

The vacuum interrupter market is also analyzed with respect to Porter's Five Force model. Analysis of the sector’s value chain and the various factors affecting the stages of the chain has been tracked to evaluate the model. The report also describes the competitive landscape of major market players that includes new product developments, mergers and acquisition, facility expansion, agreements and collaborations, and contracts signed. Key developments have been mapped against the market players involved to determine the growth strategies implemented by the leaders within the segment. The study provides a comprehensive review of major market drivers, restraints, opportunities, winning imperatives, and key burning issues in the vacuum interrupter market.

In the methodology various secondary sources have been used such as encyclopedias, directories, and databases to identify and collect information that was useful for this extensive commercial study of the vacuum interrupter market. Primary sources such as experts, manufacturers, and service providers from the industry have all been interviewed to obtain and verify critical information as well as assess future prospects of the vacuum interrupter market.

Table Of Contents

Vacuum Interrupter Market by Applications, by end-users, and by Region - Global Trends and Forecasts to 2020
TABLE OF CONTENTS

1 INTRODUCTION 14
1.1 OBJECTIVES OF THE STUDY 14
1.2 MARKET DEFINITION 14
1.3 MARKET SCOPE 14
1.3.1 MARKETS COVERED 14
1.3.2 YEARS CONSIDERED FOR THE STUDY 15
1.4 CURRENCY 16
1.5 LIMITATIONS 16
1.6 STAKEHOLDERS 16
2 RESEARCH METHODOLOGY 17
2.1 RESEARCH DATA 17
2.1.1 SECONDARY DATA 18
2.1.1.1 Key data from secondary sources 18
2.1.2 PRIMARY DATA 19
2.1.2.1 Key data from primary sources 19
2.1.2.2 Key Industry Insights 20
2.1.2.3 Breakdown of primaries 21
2.2 MARKET SIZE ESTIMATION 22
2.3 MARKET BREAKDOWN and DATA TRIANGULATION 23
2.4 RESEARCH ASSUMPTIONS and LIMITATIONS 24
2.4.1 ASSUMPTIONS 24
2.4.2 LIMITATIONS 24
3 EXECUTIVE SUMMARY 25
4 PREMIUM INSIGHTS 29
4.1 ATTRACTIVE OPPORTUNITIES IN THE VACUUM INTERRUPTER MARKET 29
4.2 VACUUM INTERRUPTER MARKET: TOP END-USER SEGMENT 30
4.3 VACUUM INTERRUPTER MARKET IN NORTH AMERICA 31
4.4 ASIA-PACIFIC TO DOMINATE THE VACUUM INTERRUPTER MARKET 32

5 MARKET OVERVIEW 34
5.1 INTRODUCTION 35
5.2 ADVANTAGES OF VACUUM INTERRUPTERS 35
5.3 MARKET SEGMENTATION 36
5.3.1 BY END-USER 36
5.3.2 BY APPLICATION 37
5.3.3 BY REGION 37
5.4 MARKET DYNAMICS 38
5.4.1 DRIVERS 39
5.4.1.1 Replacement and refurbishment of aging infrastructure 39
5.4.1.2 Eco-friendliness of VI compared to alternatives 39
5.4.1.3 High economic growth and rapid urbanization 39
5.4.2 RESTRAINTS 40
5.4.2.1 Risks associated with loss of vacuum 40
5.4.3 OPPORTUNITIES 40
5.4.3.1 Investments in renewable energy 40
5.4.3.2 Strengthening the power distribution network in developing regions such as Africa 40
5.4.4 CHALLENGE 41
5.4.4.1 Downturn in the global mining industry 41
5.4.4.2 Availability of cheap, low-quality products 41
5.4.4.3 Slump in the oil and gas industry 42
5.5 VACUUM INTERRUPTER MARKET: VALUE CHAIN 43
5.5.1 KEY INFLUENCERS 44
5.6 PORTER'S FIVE FORCES ANALYSIS 44
5.6.1 THREAT OF NEW ENTRANTS 45
5.6.2 THREAT OF SUBSTITUTES 45
5.6.3 BARGAINING POWER OF SUPPLIERS 45
5.6.4 BARGAINING POWER OF BUYERS 46
5.6.5 INTENSITY OF COMPETITIVE RIVALRY 46
6 VI MARKET, BY END-USER 47
6.1 INTRODUCTION 48
6.2 UTILITIES SECTOR 49
6.3 OIL and GAS SECTOR 51
6.4 MINING SECTOR 53
6.5 TRANSPORTATION SECTOR 55
6.6 OTHERS 56

7 VI MARKET, BY APPLICATION 58
7.1 INTRODUCTION 59
7.2 CIRCUIT BREAKERS 61
7.3 CONTACTORS 62
7.4 RECLOSERS 63
7.5 LOAD BREAK SWITCHES 64
7.6 TAP CHANGERS 65
7.7 OTHERS 66
8 VI MARKET, BY REGION 67
8.1 INTRODUCTION 68
8.2 NORTH AMERICA 69
8.2.1 U.S. 71
8.2.2 CANADA 72
8.2.3 MEXICO 73
8.3 EUROPE 74
8.3.1 FRANCE 76
8.3.2 GERMANY 77
8.3.3 ITALY 78
8.3.4 U.K. 78
8.3.5 RUSSIA 80
8.3.6 REST OF EUROPEAN COUNTRIES 81
8.4 ASIA-PACIFIC 81
8.4.1 CHINA 83
8.4.2 INDIA 84
8.4.3 JAPAN 85
8.4.4 SOUTH KOREA 86
8.4.5 OTHER COUNTRIES IN THE ASIA-PACIFIC REGION 87
8.5 SOUTH AMERICA 87
8.5.1 ARGENTINA 89
8.5.2 BRAZIL 91
8.5.3 OTHER COUNTRIES IN SOUTH AMERICA 92
8.6 MIDDLE EAST 92
8.6.1 IRAN 94
8.6.2 SAUDI ARABIA 95
8.6.3 OTHER COUNTRIES IN MIDDLE EAST 96
8.6.4 AFRICA 97
8.6.5 SOUTH AFRICA 98
8.6.6 OTHER COUNTRIES IN THE AFRICAN REGION 99
8.7 TOP SIX COUNTRIES 100

9 COMPETITIVE LANDSCAPE 101
9.1 OVERVIEW 102
9.2 MARKET SHARE ANALYSIS, BY KEY PLAYERS 104
9.3 COMPETITIVE SITUATION and TRENDS 105
9.3.1 PARTNERSHIPS/AGREEMENTS/COLLABORATIONS 106
9.3.2 NEW PRODUCT DEVELOPMENT 107
9.3.3 MERGERS and ACQUISITIONS 107
9.3.4 EXPANSIONS 108
9.3.5 OTHER DEVELOPMENTS 108
10 COMPANY PROFILES 109
(Overview, Financial*, Products and Services, Strategy, and Developments)
10.1 INTRODUCTION 109
10.2 TOSHIBA CORPORATION 110
10.3 ABB (ASEA BROWN BOVERI) 114
10.4 EATON CORPORATION 119
10.5 SIEMENS AG 122
10.6 ACTOM 126
10.7 SHAANXI BAOGUANG VACUUM ELECTRIC DEVICE CO., LTD. 127
10.8 CROMPTON GREAVES LIMITED 129
10.9 LS INDUSTRIAL SYSTEM 131
10.10 MEIDENSHA CORPORATION 133
10.11 CHENGDU XUGUANG ELECTRONICS CO., LTD. 136
10.12 WUHAN FEITE ELECTRIC CO., LTD. 138
10.13 CHINA ZHENHUA ELECTRON GROUP YUGUANG ELECTRICAL LTD. 139
10.14 MITSUBISHI ELECTRIC CORPORATION 140
*Details might not be captured in case of unlisted companies.
11 APPENDIX 143
11.1 INSIGHTS OF INDUSTRY EXPERTS 143
11.2 DISCUSSION GUIDE 144
11.3 AVAILABLE CUSTOMIZATIONS 148
11.4 INTRODUCING RT: REAL TIME MARKET INTELLIGENCE 148
11.5 RELATED REPORTS 149


LIST OF TABLES

TABLE 1 ADVANTAGES OF VACUUM INTERRUPTERS 35
TABLE 2 REPLACEMENT and REFURBISHMENT OF AGING INFRASTRUCTURE WOULD BOOST THE VACUUM INTERRUPTER MARKET 39
TABLE 3 RISKS ASSOCIATED WITH LOSS OF VACUUM ARE RESTRAINING THE GROWTH OF THE VACUUM INTERRUPTER MARKET 40
TABLE 4 STRENGTHENING THE POWER DISTRIBUTION NETWORK IN DEVELOPING REGIONS SUCH AS AFRICA IS AN OPPORTUNITY FOR THE VACUUM INTERRUPTER MARKET 41
TABLE 5 THE SLUMP IN THE OIL and GAS AND MINING INDUSTRIES IS A MAJOR CHALLENGE FOR THE VACUUM INTERRUPTER MARKET 42
TABLE 6 VACUUM INTERRUPTER MARKET SIZE, BY END-USER, 2013-2020 (USD MILLION) 48
TABLE 7 UTILITIES MARKET SIZE, BY REGION, 2013-2020 (USD MILLION) 49
TABLE 8 UTILITIES VACUUM INTERRUPTER MARKET SIZE, BY TOP COUNTRY IN EACH REGION, 2013-2020 (USD MILLION) 50
TABLE 9 OIL and GAS MARKET SIZE, BY REGION, 2013-2020 (USD MILLION) 51
TABLE 10 OIL and GAS MARKET SIZE, BY TOP COUNTRY IN EACH REGION,
2013-2020 (USD MILLION) 52
TABLE 11 MINING MARKET SIZE, BY REGION, 2013-2020 (USD MILLION) 53
TABLE 12 MINING MARKET SIZE, BY TOP COUNTRY IN EACH REGION,
2013-2020 (USD MILLION) 54
TABLE 13 TRANSPORTATION MARKET SIZE, BY REGION, 2013-2020 (USD MILLION) 55
TABLE 14 TRANSPORTATION MARKET SIZE, BY TOP COUNTRY IN EACH REGION,
2013-2020 (USD MILLION) 56
TABLE 15 OTHERS MARKET SIZE, BY REGION, 2013-2020 (USD MILLION) 56
TABLE 16 OTHERS MARKET SIZE, BY TOP COUNTRY IN EACH REGION,
2013-2020 (USD MILLION) 57
TABLE 17 VACUUM INTERRUPTER MARKET SIZE, BY APPLICATION,
2013-2020 (USD MILLION) 60
TABLE 18 CIRCUIT BREAKERS MARKET SIZE, BY REGION, 2013-2020 (USD MILLION) 61
TABLE 19 CONTACTORS MARKET SIZE, BY REGION, 2013-2020 (USD MILLION) 62
TABLE 20 RECLOSERS MARKET SIZE, BY REGION, 2013-2020 (USD MILLION) 63
TABLE 21 LOAD BREAK SWITCHES MARKET SIZE, BY REGION, 2013-2020 (USD MILLION) 64
TABLE 22 TAP CHANGERS MARKET SIZE, BY REGION, 2013-2020 (USD MILLION) 65
TABLE 23 OTHERS MARKET SIZE, BY REGION, 2013-2020 (USD MILLION) 66
TABLE 24 VACUUM INTERRUPTER MARKET SIZE, BY REGION, 2013-2020 (USD MILLION) 69
TABLE 25 NORTH AMERICA: VACUUM INTERRUPTER MARKET SIZE, BY COUNTRY,
2013-2020 (USD MILLION) 69
TABLE 26 NORTH AMERICA: VACUUM INTERRUPTER MARKET SIZE, BY APPLICATION,
2013-2020 (USD MILLION) 70
TABLE 27 NORTH AMERICA: VACUUM INTERRUPTER MARKET SIZE, BY END-USER,
2013-2020 (USD MILLION) 70
TABLE 28 U.S.: VACUUM INTERRUPTER MARKET SIZE, BY END-USER,
2013-2020 (USD MILLION) 71
TABLE 29 CANADA: VACUUM INTERRUPTER MARKET SIZE, BY END-USER,
2013-2020 (USD MILLION) 72
TABLE 30 MEXICO: VACUUM INTERRUPTER MARKET SIZE, BY END-USER,
2013-2020 (USD MILLION) 73
TABLE 31 EUROPE: VACUUM INTERRUPTER MARKET SIZE, BY COUNTRY,
2013-2020 (USD MILLION) 74
TABLE 32 EUROPE: VACUUM INTERRUPTER MARKET SIZE, BY APPLICATION,
2013-2020 (USD MILLION) 75
TABLE 33 EUROPE: VACUUM INTERRUPTER MARKET SIZE, BY END-USER,
2013-2020 (USD MILLION) 75
TABLE 34 FRANCE: VACUUM INTERRUPTER MARKET SIZE, BY END-USER,
2013-2020 (USD MILLION) 76
TABLE 35 GERMANY: VACUUM INTERRUPTER MARKET SIZE, BY END-USER,
2013-2020 (USD MILLION) 77
TABLE 36 ITALY: VACUUM INTERRUPTER MARKET SIZE, BY END-USER,
2013-2020 (USD MILLION) 78
TABLE 37 U.K.: VACUUM INTERRUPTER MARKET SIZE, BY END-USER,
2013-2020 (USD MILLION) 79
TABLE 38 RUSSIA: VACUUM INTERRUPTER MARKET SIZE, BY END-USER,
2013-2020 (USD MILLION) 80
TABLE 39 OTHER COUNTRIES OF EUROPE: VACUUM INTERRUPTER MARKET SIZE,
BY END-USER, 2013-2020 (USD MILLION) 81
TABLE 40 ASIA-PACIFIC: VACUUM INTERRUPTER MARKET SIZE, BY COUNTRY,
2013-2020 (USD MILLION) 82
TABLE 41 ASIA-PACIFIC: VACUUM INTERRUPTER MARKET SIZE, BY APPLICATION,
2013-2020 (USD MILLION) 82
TABLE 42 ASIA-PACIFIC: VACUUM INTERRUPTER MARKET SIZE, BY END-USER,
2013-2020 (USD MILLION) 83
TABLE 43 CHINA: VACUUM INTERRUPTER MARKET SIZE, BY END-USER,
2013-2020 (USD MILLION) 84
TABLE 44 INDIA: VACUUM INTERRUPTER MARKET SIZE, BY END-USER,
2013-2020 (USD MILLION) 85
TABLE 45 JAPAN: VACUUM INTERRUPTER MARKET SIZE, BY END-USER,
2013-2020 (USD MILLION) 85
TABLE 46 SOUTH KOREA : VACUUM INTERRUPTER MARKET SIZE, BY END-USER,
2013-2020 (USD MILLION) 86
TABLE 47 OTHER COUNTRIES IN ASIA-PACIFIC: VACUUM INTERRUPTER MARKET SIZE,
BY END-USER, 2013-2020 (USD MILLION) 87
TABLE 48 SOUTH AMERICA: VACUUM INTERRUPTER MARKET SIZE, BY COUNTRY,
2013-2020 (USD MILLION) 88
TABLE 49 SOUTH AMERICA: VACUUM INTERRUPTER MARKET SIZE, BY APPLICATION,
2013-2020 (USD MILLION) 88
TABLE 50 SOUTH AMERICA: VACUUM INTERRUPTER MARKET SIZE, BY END-USER,
2013-2020 (USD MILLION) 89
TABLE 51 ARGENTINA: VACUUM INTERRUPTER MARKET SIZE, BY END-USER,
2013-2020 (USD MILLION) 90
TABLE 52 BRAZIL: VACUUM INTERRUPTER MARKET SIZE, BY END-USER,
2013-2020 (USD MILLION) 91
TABLE 53 OTHER COUNTRIES IN SOUTH AMERICA: VACUUM INTERRUPTER MARKET,
BY END-USER, 2013-2020 (USD MILLION) 92
TABLE 54 MIDDLE EAST: VACUUM INTERRUPTER MARKET SIZE, BY COUNTRY,
2013-2020 (USD MILLION) 93
TABLE 55 MIDDLE EAST: VACUUM INTERRUPTER MARKET SIZE, BY APPLICATION,
2013-2020 (USD MILLION) 93
TABLE 56 MIDDLE EAST and AFRICA: VACUUM INTERRUPTER MARKET SIZE, BY END-USER, 2013-2020 (USD MILLION) 94
TABLE 57 IRAN: VACUUM INTERRUPTER MARKET SIZE, BY END-USER,
2013-2020 (USD MILLION) 95
TABLE 58 SAUDI ARABIA: VACUUM INTERRUPTER MARKET SIZE, BY END-USER,
2013-2020 (USD MILLION) 95
TABLE 59 OTHER COUNTRIES IN MIDDLE EAST: VACUUM INTERRUPTER MARKET SIZE,
BY END-USER, 2013-2020 (USD MILLION) 96
TABLE 60 AFRICA: VACUUM INTERRUPTER MARKET SIZE, BY COUNTRY,
2013-2020 (USD MILLION) 97
TABLE 61 AFRICA: VACUUM INTERRUPTER MARKET SIZE, BY APPLICATION,
2013-2020 (USD MILLION) 97
TABLE 62 AFRICA: VACUUM INTERRUPTER MARKET SIZE, BY END-USER,
2013-2020 (USD MILLION) 98
TABLE 63 SOUTH AFRICA: VACUUM INTERRUPTER MARKET SIZE, BY END-USER,
2013-2020 (USD MILLION) 99
TABLE 64 OTHER COUNTRIES IN AFRICA: VACUUM INTERRUPTER MARKET, BY END-USER, 2013-2020 (USD MILLION) 99
TABLE 65 TOP SIX COUNTRIES: VACUUM INTERRUPTER MARKET SIZE,
2013-2020 (USD MILLION) 100
TABLE 66 PARTNERSHIPS/AGREEMENTS/COLLABORATIONS, 2015 106
TABLE 67 NEW PRODUCT DEVELOPMENTS, 2014-2015 107
TABLE 68 MERGERS and ACQUISITIONS, 2012-2014 107
TABLE 69 EXPANSIONS, 2014 108
TABLE 70 OTHER DEVELOPMENTS, 2014 108


LIST OF FIGURES

FIGURE 1 VACUUM INTERRUPTER MARKET 15
FIGURE 2 VACUUM INTERRUPTER MARKET: RESEARCH DESIGN 17
FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE,
DESIGNATION, and REGION 21
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 22
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 22
FIGURE 6 DATA TRIANGULATION 23
FIGURE 7 VACUUM INTERRUPTER MARKET, BY APPLICATION SNAPSHOT (2015 VS. 2020): CONTACTORS ARE EXPECTED TO RETAIN THE LARGEST MARKET SHARE 25
FIGURE 8 THE UTILITIES SECTOR WAS THE LARGEST MARKET FOR VACUUM INTERRUPTERS IN THE END-USER SEGMENTATION IN 2014 26
FIGURE 9 ASIA-PACIFIC DOMINATED THE VACUUM INTERRUPTER MARKET IN 2014 27
FIGURE 10 SNAPSHOT: THE AFRICAN MARKET IS EXPECTED TO WITNESS THE HIGHEST GROWTH DURING THE FORECAST PERIOD FOR THE VI CONTACTOR APPLICATION 28
FIGURE 11 INCREASINGLY STRINGENT ENVIRONMENTAL REGULATIONS and REVAMPING OF AGING POWER INFRASTRUCTURE TO BOOST THE GLOBAL VACUUM INTERRUPTER MARKET 29
FIGURE 12 UTILITIES ARE EXPECTED TO GENERATE THE HIGHEST DEMAND FOR VACUUM INTERRUPTERS DURING THE FORECAST PERIOD 30
FIGURE 13 UTILITIES ACCOUNTED FOR THE LARGEST SHARE IN THE VACUUM INTERRUPTER MARKET 31
FIGURE 14 ASIA-PACIFIC ACCOUNTED FOR OVER ONE-THIRD OF THE MARKET SHARE IN 2014 32
FIGURE 15 VACUUM INTERRUPTER MARKET SEGMENTATION 36
FIGURE 16 VACUUM INTERRUPTER MARKET, BY END-USER 36
FIGURE 17 VACUUM INTERRUPTER MARKET, BY APPLICATION 37
FIGURE 18 VACUUM INTERRUPTER MARKET, BY REGION 37
FIGURE 19 DROC 38
FIGURE 20 VACUUM INTERRUPTER MARKET: VALUE CHAIN 43
FIGURE 21 PORTER'S FIVE FORCES ANALYSIS: VACUUM INTERRUPTER MARKET 44
FIGURE 22 UTILITY SECTOR IS THE FASTEST GROWING SEGMENT IN THE GLOBAL VACUUM INTERRUPTER MARKET 48
FIGURE 23 RELIABLE and FAST SWITCHING, MAKE VACUUM INTERRUPTER MOST FAVORABLE FOR USAGE IN CONTACTORS 59
FIGURE 24 REGIONAL SNAPSHOT (2014): SOUTH AFRICA and INDIA ARE EMERGING AS NEW HOTSPOTS 68
FIGURE 25 MARKET SHARE OF TOP SIX COUNTRIES IN 2014 100
FIGURE 26 COMPANIES ADOPTED PARTNERSHIPS/AGREEMENTS/COLLABORATIONS AS A KEY GROWTH STRATEGY TO GAIN TRACTION IN THE MARKET IN THE PAST THREE YEARS 103
FIGURE 27 ABB LTD. HELD THE LARGEST SHARE IN THE VI MARKET, 2014 104
FIGURE 28 MARKET EVOLUTION FRAMEWORK: PARTNERSHIPS/AGREEMENTS/COLLABORATIONS, NEW PRODUCT DEVELOPMENTS, EXPANSIONS FUELLED THE GROWTH OF COMPANIES FROM 2012 TO 2015 105
FIGURE 29 REGIONAL REVENUE MIX OF THE TOP MARKET PLAYERS 109
FIGURE 30 TOSHIBA CORPORATION: COMPANY SNAPSHOT 111
FIGURE 31 TOSHIBA CORPORATION : SWOT ANALYSIS 113
FIGURE 32 ABB: COMPANY SNAPSHOT 115
FIGURE 33 ABB: SWOT ANALYSIS 118
FIGURE 34 EATON CORPORATION: COMPANY SNAPSHOT 119
FIGURE 35 EATON CORPORATION: SWOT ANALYSIS 121
FIGURE 36 SIEMENS AG: COMPANY SNAPSHOT 123
FIGURE 37 SIEMENS AG: SWOT ANALYSIS 124
FIGURE 38 BAOGUANG : COMPANY SNAPSHOT 127
FIGURE 39 CROMPTON GREAVES LIMITED: COMPANY SNAPSHOT 130
FIGURE 40 LS INDUSTRIAL SYSTEM : COMPANY SNAPSHOT 132
FIGURE 41 MEIDENSHA CORPORATION: COMPANY SNAPSHOT 134
FIGURE 42 CHENGDU XUGUANG ELECTRONICS CO., LTD. : COMPANY SNAPSHOT 136
FIGURE 43 MITSUBISHI ELECTRIC CORPORATION : COMPANY SNAPSHOT 141
FIGURE 44 MITSUBISHI ELECTRIC CORPORATION : SWOT ANALYSIS 142

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