The Global Vacuum Contactor Market is expected to grow at a 8.02% CAGR during the forecast period. Vacuum Contactor is an electrical device that is used for load breaking through the help of a controlled switch. Vacuum interrupting contacts are enclosed inside a vacuum bottle, which prevents the development of arc when there is a voltage fluctuation. Some of the major applications of vacuum contactors are in motors, ... Read more
The global Vacuum Contactor market is estimated to expand at 8.02% CAGR during the forecast period.
The growing demand for vacuum contactor market is attributed to the growth in industrialization and urbanization as this would increase the demand for reliable power supply. Vacuum contactors are more cost effective as compared to circuit breakers for medium voltage applications. This would create an opportunity for market players to boost the growth of vacuum contactor market during ... Read more
The constant growth in investment and development in process industries is motivating the vacuum contractor market. Reports that investigate the energy and power industry have been presented by Market Research Future, which produces reports on industry verticals that appraise the market expansion and prospects. The market is projected to gain an 8.02% CAGR in the extent of the forecast period.