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Vacuum electron devices (VEDs), or electron tubes, as they are also known, have over a century old link to the start of the electronics era at the beginning of the twentieth century. VEDs were the first active devices, since they could amplify or significantly modify the state of an applied electronic signal. One area where vacuum tubes still have a significant presence is in high-power RF applications. VEDs can generate copious amounts of power in a relatively small physical space where using solid-state devices would incur higher expenses or require more physical room. 50KW+ UHF television broadcast transmitters are a good example of this. This report looks at the present condition of the modern power grid VED and inductive output tube market and how the business may change in the years ahead.