NEW YORK, Jan. 14, 2016 /PRNewswire/ -- This report estimates the vacuum contactor market in terms of value in USD million. The overall vacuum contactor market is expected to grow at a CAGR of 7.04% from 2015 to 2020. The market has been classified on the basis of voltage rating, 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), Schneider Electric SE (France), Siemens AG (Germany), Mitsubishi Electric Corporation (Japan), and Toshiba Corporation (Japan).
Asia-Pacific leads the vacuum contactor 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. Industries are second most growing application for vacuum contactors as there is growth in process industries such as paper & pulp, chemical, cement, and metal processing industries. Commercial, oil & gas, mining, and other applications, which include large residential and transportation sector, have a considerable combined share in the market.
The vacuum contactor 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 contactor 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 contactor 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 contactor market.
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