Global Medium Voltage Fuse Market is valued at approximately USD 655.6 Billion in 2022 and is anticipated to grow with a growth rate of more than 5.6% over the forecast period 2023-2030. Medium Voltage Fuse provides short-circuit protection of transformers and distribution lines in medium voltage switchgear. These are used to protect transformers, provide a wider range of system voltages, and offer better protection against fire hazards. Medium Voltage Fuses carry voltage ratings between 1000V and 10,000V. The growing demand for electricity and adoption of electric vehicles are the key factors responsible for the market growth of the Medium Voltage Fuse over the forecast period 2023-2030.
According toThe International Energy Agency (IEA) stated that in 2023, the number of electric vehicles sold worldwide is 10 million in 2022, the total sale is 14% in 2022. According to Statista, in 2021, the global Electricity transmission and distribution market's global revenue is projected to grow to USD 255.6 billion and is expected to grow to USD 412.48 billion by 2030. According to the International Energy Agency, in 2021, Electricity demand increased by 5% due to fossil fuels and notably coal. The increasing demand for electricity and adoption of electric vehicles are the primary factors of growth in the market. Also, a rise in the number of infrastructure development projects and increased demand in End-User industries will accelerate market growth. Moreover, technological advancements in medium voltage fuse and growth in renewable sources of energy such as solar energy are anticipated to create various lucrative opportunities over the forecasting years. However, the availability of alternative products stifle market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Medium Voltage Fuse Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in terms of revenue owing to factors such as growing urbanization, growth in power supply, technological advancement and growth in a large number of IT & telecom companies in the region. North America is the fastest-growing region due to increased demand for medium voltage fuses, growing government investments and rising focus on technological developments from the automotive sector in the region.
Major market player included in this report are:
- IPD Group Limited
- Bel Fuse, Inc.
- Eaton Corporation Plc
- Powell Industries Inc.
- Schneider Electric SE
- Powell Industries Inc.
- Littelfuse, Inc.
- Toshiba Corporation
- LS Electric, Inc
- DF Electric S.A.
Recent Developments in the Market:
- In July 2020, Hitachi, Ltd. acquired ABB Ltd Power Grids Business, Hitachi, Ltd. and Hitachi ABB Power Grids Ltd make a world-class power grid business with digital technologies. They make an investment of USD 300 billion with a 5% for renewable energy.
Global Medium Voltage Fuse Market Report Scope:
- Historical Data - 2020 - 2021
- Base Year for Estimation - 2022
- Forecast period - 2023-2030
- Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered - Type, Product, Application, Region
- Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope - Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
- Current Limiting Fuses
- Expulsion Fuses
By Product:
- Type H
- Type K
- Type T
- Type R
- Type E
- Others
By Application:
- Transformers
- Motor Starters/Motor Circuits
- Feeder Circuits/ Feeders
- Switchgear
- Capacitors
- Others
By Region:
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Medium Voltage Fuse Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Medium Voltage Fuse Market, by Type, 2020-2030 (USD Billion)
- 1.2.3. Medium Voltage Fuse Market, by Product, 2020-2030 (USD Billion)
- 1.2.4. Medium Voltage Fuse Market, by Application, 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Medium Voltage Fuse Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Medium Voltage Fuse Market Dynamics
- 3.1. Medium Voltage Fuse Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Increasing demand for electricity
- 3.1.1.2. Growth in the construction industry
- 3.1.2. Market Challenges
- 3.1.2.1. Availability of alternative products
- 3.1.2.2. High installation and maintenance costs
- 3.1.3. Market Opportunities
- 3.1.3.1. Growing technological advancement
- 3.1.3.2. Growth in renewable sources of energy
Chapter 4. Global Medium Voltage Fuse Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economic
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Medium Voltage Fuse Market, by Type
- 5.1. Market Snapshot
- 5.2. Global Medium Voltage Fuse Market by Type, Performance - Potential Analysis
- 5.3. Global Medium Voltage Fuse Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
- 5.4. Medium Voltage Fuse Market, Sub Segment Analysis
- 5.4.1. Current Limiting Fuses
- 5.4.2. Expulsion Fuses
Chapter 6. Global Medium Voltage Fuse Market, by Product
- 6.1. Market Snapshot
- 6.2. Global Medium Voltage Fuse Market by Product, Performance - Potential Analysis
- 6.3. Global Medium Voltage Fuse Market Estimates & Forecasts by Product 2020-2030 (USD Billion)
- 6.4. Medium Voltage Fuse Market, Sub Segment Analysis
- 6.4.1. Type H
- 6.4.2. Type K
- 6.4.3. Type T
- 6.4.4. Type R
- 6.4.5. Type E
- 6.4.6. Others
Chapter 7. Global Medium Voltage Fuse Market, by Application
- 7.1. Market Snapshot
- 7.2. Global Medium Voltage Fuse Market by Application, Performance - Potential Analysis
- 7.3. Global Medium Voltage Fuse Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
- 7.4. Medium Voltage Fuse Market, Sub Segment Analysis
- 7.4.1. Transformers
- 7.4.2. Motor Starters/Motor Circuits
- 7.4.3. Feeder Circuits/ Feeders
- 7.4.4. Switchgear
- 7.4.5. Capacitors
- 7.4.6. Others
Chapter 8. Global Medium Voltage Fuse Market, Regional Analysis
- 8.1. Top Leading Countries
- 8.2. Top Emerging Countries
- 8.3. Medium Voltage Fuse Market, Regional Market Snapshot
- 8.4. North America Medium Voltage Fuse Market
- 8.4.1. U.S. Medium Voltage Fuse Market
- 8.4.1.1. Type breakdown estimates & forecasts, 2020-2030
- 8.4.1.2. Product breakdown estimates & forecasts, 2020-2030
- 8.4.1.3. Application breakdown estimates & forecasts, 2020-2030
- 8.4.2. Canada Medium Voltage Fuse Market
- 8.5. Europe Medium Voltage Fuse Market Snapshot
- 8.5.1. U.K. Medium Voltage Fuse Market
- 8.5.2. Germany Medium Voltage Fuse Market
- 8.5.3. France Medium Voltage Fuse Market
- 8.5.4. Spain Medium Voltage Fuse Market
- 8.5.5. Italy Medium Voltage Fuse Market
- 8.5.6. Rest of Europe Medium Voltage Fuse Market
- 8.6. Asia-Pacific Medium Voltage Fuse Market Snapshot
- 8.6.1. China Medium Voltage Fuse Market
- 8.6.2. India Medium Voltage Fuse Market
- 8.6.3. Japan Medium Voltage Fuse Market
- 8.6.4. Australia Medium Voltage Fuse Market
- 8.6.5. South Korea Medium Voltage Fuse Market
- 8.6.6. Rest of Asia Pacific Medium Voltage Fuse Market
- 8.7. Latin America Medium Voltage Fuse Market Snapshot
- 8.7.1. Brazil Medium Voltage Fuse Market
- 8.7.2. Mexico Medium Voltage Fuse Market
- 8.8. Middle East & Africa Medium Voltage Fuse Market
- 8.8.1. Saudi Arabia Medium Voltage Fuse Market
- 8.8.2. South Africa Medium Voltage Fuse Market
- 8.8.3. Rest of Middle East & Africa Medium Voltage Fuse Market
Chapter 9. Competitive Intelligence
- 9.1. Key Company SWOT Analysis
- 9.1.1. Company 1
- 9.1.2. Company 2
- 9.1.3. Company 3
- 9.2. Top Market Strategies
- 9.3. Company Profiles
- 9.3.1. IPD Group Limited
- 9.3.1.1. Key Information
- 9.3.1.2. Overview
- 9.3.1.3. Financial (Subject to Data Availability)
- 9.3.1.4. Product Summary
- 9.3.1.5. Recent Developments
- 9.3.2. Bel Fuse, Inc.
- 9.3.3. Eaton Corporation Plc
- 9.3.4. Powell Industries Inc.
- 9.3.5. Schneider Electric SE
- 9.3.6. Powell Industries Inc.
- 9.3.7. Littelfuse, Inc.
- 9.3.8. Toshiba Corporation
- 9.3.9. LS Electric, Inc
- 9.3.10. DF Electric S.A.
Chapter 10. Research Process
- 10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
- 10.2. Research Attributes
- 10.3. Research Assumption