Medium Voltage Fuse Market

Medium Voltage Fuse Market - Increasing Usage Of General Purpose Fuses Is Expected To
Contribute To The Growth Of The Market
As per a new market research report published by Transparency Market
Research titled “Medium Voltage Fuse Market – Global Industry Analysis, Size, Share, Growth,
Trends, and Forecast, 2016 – 2026,” the global medium voltage fuse market is expected to
reach US$ 1,708.9 Mn by 2026. The market is projected to expand at a CAGR of 5.5% during the
forecast period from 2018 to 2026.
In terms of geography, the global medium voltage fuse market has been segmented into North
America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America. North
America is anticipated to hold a significant share of the total medium voltage fuse market. This
is primarily due to the presence of key industry players and relatively faster adoption, hence
the higher market share as compared to other regions. Higher incorporation of medium voltage
fuses from transformers and motor starters/motor circuits application areas (as these fuses
help them to maintain reliability and safety during transmission) is expected to add to the
region’s market share. The region is also helped by the presence of a large automobile and
power sector. The U.S. is anticipated to be the largest contributor to the region’s revenue over
the forecast period.
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In 2016, based on type, majority revenue share in the global medium voltage fuse market was
held by current limiting fuses segment. As compared to current limiting fuses, expulsion fuses
are expected to grow at a faster rate during the forecast period.
Based on product type, R-Rated fuses are expected to hold a major share of the market while ERated fuses are anticipated to witness rapid growth during the forecast period. Increasing
usage of general purpose fuses is expected to contribute to the growth of the market.
Based on application, the transformers segment is expected to maintain its dominance as it
gains market share year on year. Growing demand for fuses in transformers arising from large
scale decentralization of power grids in many regions across the globe is primarily driving the
growth of the transformers segment. The transformers segment is projected to be followed by
the motor starters/motor circuits segment in terms of market share. This is due to the low
maintenance cost associated with them. Feeder circuits/ feeders segment is expected to
showcase rapid growth compared to other segments. This is due to the increasing installation
of fuses and feeders to support them.
The Asia Pacific region is expected to show tremendous growth rate while capturing
considerable percentage of the global medium voltage fuse market. The region’s market is
expected to be primarily driven by growth of the power sector, growing urbanization, and
improving awareness about the technology. Investments made in infrastructure in countries
such as Japan, China, and India are also expected to add to the growth of the market in the
region. Furthermore, the region accounts for large number of IT & telecom enterprises, which
are expected to drive the market growth. Additionally, the modern economies of Southeast
Asia are expected to drive the growth of the medium voltage fuse market in the region. China is
expected to hold the major share of the market based on revenue while India is expected to
emerge as the fastest growing economy in the region.
Major players in the medium voltage fuse market include ABB Ltd., Littelfuse, Inc., Bel Fuse,
Inc., DF Electric, Eaton Corporation, SIBA GmbH, Fuseco Inc., General Electric, IPD Group
Limited, Mersen S.A, Mitsubishi Electric, Fusetek, Pennsylvania Breaker, LLC and Powell
Industries Inc. Other prominent players include Schneider Electric SA, Toshiba Corporation,
Denco Fuses, DriescherEisleben, and LSIS Inc.

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