市場調查報告書
商品編碼
1462681
到 2030 年中壓熔斷器市場預測:按類型、分銷管道、應用、最終用戶和地區分類的全球分析Medium Voltage Fuse Market Forecasts to 2030 - Global Analysis By Type, By Distribution Channel, Application, End User and By Geography |
根據Stratistics MRC預測,2023年全球中壓熔斷器市場規模將達11億美元,預計2030年將達到18億美元,預測期內年複合成長率為6.4%。
中壓熔斷器是電氣系統中使用的保護裝置,用於在電流超過安全等級時中斷電流,保護設備免受損壞並防止電氣危險。中壓熔斷器設計用於在電容器保護、變壓器和馬達等中壓應用中可靠運作。
根據REN21的《2022年再生能源全球狀況報告》,印度2021年可再生能源部署量排名第三,僅次於中國。光是印度就將在 2021 年安裝 15.4 吉瓦 (GW) 的可再生能源計劃。
擴大工業基礎設施和都市化
工業基礎設施的擴張和都市化是中壓熔斷器市場的關鍵促進因素。隨著都市區的發展和工業活動的擴大,對可靠的配電和電力保護系統的需求不斷增加。中壓熔斷器在確保這些基礎設施內電網的安全高效運作方面發揮著至關重要的作用。對中壓系統中電壓突波和故障的有效保護的需求不斷成長,推動了中壓熔斷解決方案的採用,以保護關鍵設備和基礎設施資產。
原物料價格波動影響製造成本
銅、鋁、絕緣材料等原料價格的波動直接影響製造成本並影響保險絲製造商的報酬率。原物料價格的快速上漲導致製造成本增加,使製造商難以維持有競爭力的價格。這種波動也將為生產計畫和庫存管理帶來不確定性,從而使業務營運變得複雜,並限制市場內創新和業務擴張的投資。
採用智慧電網技術
智慧電網技術的採用正在為中壓熔斷器市場創造重大機會。智慧電網依靠先進的監測、通訊和控制系統來最佳化電力分配和電力消耗。電網智慧化程度的提高需要增強對電壓波動和故障的保護,從而推動了對中壓熔斷器的需求。隨著智慧電網不斷在全球擴展以提高能源效率和可靠性,對可靠和高效能中壓熔斷器解決方案的需求預計將增加,從而推動市場擴張。
嚴格的法規和標準
隨著世界各國政府優先考慮電氣安全和可靠性,製造商面臨著滿足嚴格的性能標準和認證要求的壓力。這需要投資於研發來開發符合不斷發展的標準的創新保險絲解決方案,從而增加製造成本。此外,合規性挑戰可能會延遲產品發布和市場進入,影響競爭力和市場佔有率。
COVID-19 大流行擾亂了中壓熔斷器市場,導致供應鏈中斷、勞動力短缺和工業活動減少。建築和基礎設施等行業計劃的延誤和取消進一步削弱了需求。然而,疫情後經濟復甦對可再生能源和基礎設施投資的日益關注可能會延長不確定性並減緩市場成長速度。
預計間接銷售部分在預測期內將是最大的
在中壓熔斷器市場中,由於其透過批發商、分銷商和零售商建立的廣泛分銷網路,間接銷售預計將在預測期內佔據主導地位。間接銷售管道為製造商提供了廣泛的市場覆蓋範圍,特別是在供應鏈複雜或市場分散的地區。此外,間接銷售通常包括技術支援和售後服務等附加價值服務,從而提高客戶滿意度。這種可近性和付加的支持有助於該細分市場的預期成長和市場領導地位。
變壓器保護產業預計在預測期內年複合成長率最高
預計在預測期內,變壓器保護領域的中壓熔斷器市場將出現強勁成長。這一成長的推動因素是各行業擴大採用變壓器以及針對電氣故障和過載提供可靠保護的需求。此外,電力基礎設施投資的增加和可再生能源計劃的擴張正在推動對專門用於變壓器保護的中壓熔斷器的需求,從而推動該領域的成長軌跡。
由於中國、印度和日本等國家的快速工業化、都市化和基礎設施開拓努力,預計亞太地區將在預測期內引領中壓熔斷器市場。此外,可再生能源計劃投資的增加和電力基礎設施的擴建正在推動該地區對中壓熔斷器的需求。此外,有利的政府政策和加強電力安全的努力進一步推動了市場成長並鞏固了其在亞太地區的主導地位。
由於改善老化電力基礎設施的投資增加、可再生能源計劃的擴展以及促進電氣安全和可靠性的嚴格法規,預計北美地區中壓熔斷器市場將顯著成長。此外,電動車和智慧電網技術的日益普及也進一步推動了對中壓熔斷器的需求。此外,旨在提高電網彈性和可靠性的努力正在為該地區中壓熔斷器市場帶來良好的成長前景。
According to Stratistics MRC, the Global Medium Voltage Fuse Market is accounted for $1.1 billion in 2023 and is expected to reach $1.8 billion by 2030 growing at a CAGR of 6.4% during the forecast period. A medium-voltage fuse is a protective device used in electrical systems to interrupt current flow when it exceeds safe levels, thereby safeguarding equipment from damage and preventing electrical faults. Medium-voltage fuses are designed to operate reliably in medium-voltage applications such as capacitor protection, transformers, and motors.
According to REN21's Renewables 2022 Global Status Report, India ranked third in renewable energy installations in 2021, after China. India alone installed 15.4 gigawatts (GW) of renewable energy projects in 2021.
Expansion of industrial infrastructure and urbanization
The expansion of industrial infrastructure and urbanization act as significant drivers in the medium voltage fuse market. As urban areas grow and industrial activities expand, there's a heightened demand for reliable electricity distribution and power protection systems. Medium-voltage fuses play a crucial role in ensuring the safe and efficient operation of electrical networks within these infrastructures. The need for effective protection against voltage surges and faults in medium-voltage systems amplifies, driving the adoption of medium-voltage fuse solutions to safeguard critical equipment and infrastructure assets.
Volatility in raw material prices impacting manufacturing costs
Fluctuations in the prices of materials like copper, aluminum and insulating materials directly impact manufacturing costs, affecting profit margins for fuse manufacturers. Sudden spikes in raw material prices can lead to increased production expenses, making it challenging for manufacturers to maintain competitive pricing. This volatility also adds uncertainty to production planning and inventory management, complicating business operations and potentially limiting investment in innovation and expansion within the market.
Adoption of smart grid technologies
The adoption of smart grid technologies presents a significant opportunity in the medium voltage fuse market. Smart grids rely on advanced monitoring, communication, and control systems to optimize the distribution and consumption of electricity. This increased intelligence in the grid necessitates enhanced protection against voltage fluctuations and faults, driving the demand for medium-voltage fuses. As smart grids continue to expand globally to improve energy efficiency and reliability, the need for reliable and high-performance medium-voltage fuse solutions is expected to grow, fostering market expansion.
Stringent regulations and standards
As governments worldwide prioritize electrical safety and reliability, manufacturers face increasing pressure to meet stringent performance criteria and certification requirements. This necessitates investment in research and development to develop innovative fuse solutions that adhere to evolving standards, driving up production costs. Additionally, compliance challenges may delay product launches and market entry, impacting competitiveness and market share..
The COVID-19 pandemic disrupted the medium-voltage fuse market by causing supply chain disruptions, labour shortages, and reduced industrial activity. Project delays and cancellations in sectors like construction and infrastructure further dampened demand. However, the increasing emphasis on renewable energy and infrastructure investments for economic recovery post-pandemic may drive market growth at a slower pace due to lingering uncertainties.
The indirect sales segment is expected to be the largest during the forecast period
In the medium voltage fuse market, the indirect sales segment is anticipated to dominate during the forecast period due to the extensive distribution network of wholesalers, distributors, and retailers. Indirect sales channels offer manufacturers a broader market reach, especially in regions with complex supply chains or fragmented markets. Additionally, indirect sales often involve value-added services such as technical support and after-sales assistance, enhancing customer satisfaction. This accessibility and added support contribute to the segment's projected growth and market leadership.
The transformer protection segment is expected to have the highest CAGR during the forecast period
The transformer protection segment is anticipated to experience robust growth in the medium voltage fuse market during the forecast period. This growth is attributed to the rising deployment of transformers across various industries, necessitating reliable protection against electrical faults and overloads. Additionally, increasing investments in power infrastructure and the expansion of renewable energy projects drive the demand for medium voltage fuses specifically designed for transformer protection, fueling the segment's growth trajectory.
The Asia Pacific region is positioned to spearhead the medium voltage fuse market during the forecast period due to rapid industrialization, urbanization, and infrastructural development initiatives across countries like China, India, and Japan. Additionally, increasing investments in renewable energy projects and the expansion of electrical infrastructure drive the demand for medium-voltage fuses in the region. Moreover, favorable government policies and initiatives to enhance electrical safety further bolster market growth, solidifying Asia Pacific's leadership position.
The North American region is poised for substantial growth in the medium voltage fuse market owing to increasing investments in upgrading aging power infrastructure, the expansion of renewable energy projects, and stringent regulations promoting electrical safety and reliability. Additionally, the growing adoption of electric vehicles and smart grid technologies further drives demand for medium voltage fuses. Moreover, initiatives aimed at enhancing grid resilience and reliability contribute to the region's favorable growth prospects in the medium voltage fuse market.
Key players in the market
Some of the key players in Medium Voltage Fuse Market include ABB Inc., Alstom SA, Bel Fuse, Inc., Denco Fuses, Inc., DF Electric, Driescher Eisleben, Eaton Corporation Plc, Fuseco Inc, G&W Electric Company, Hubbell Power Systems, IPD Group Limited, Littelfuse, Inc., LSIS Inc., Mersen S.A, Mitsubishi Electric, Pennsylvania Breaker, LLC, Powell Industries Inc., Schneider Electric, SIBA GmbH and Toshiba Corporation.
In April 2023, Eaton Corporation acquired a 49% stake in Jiangsu Ryan Electric Co., Ltd., a China-based manufacturer of power distribution and sub-transmission transformers. The acquisition is expected to enhance Eaton's presence across the globe in the next few years.
In February 2023, Littelfuse, Inc. announced the acquisition of Western Automation Research and Development Limited, a leading company in Ireland that specializes in the design and manufacture of electric shock protection devices. This acquisition is aimed at improving Littelfuse's e-mobility off-board charging infrastructure.
In February 2022, ABB helps utilities protect against wildfires with new Hi-Tech Valiant(TM) fire mitigation fuse. Hi-Tech ValiantTM full-range current-limiting fuse contains sparks within the device to help reduce risk of wildfire ignitions. It is designed to improve system safety and support utility infrastructure, resiliency and fire mitigation planning.
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.