Medium Voltage Fuse Market – Snapshot

Medium voltage fuses and high voltage fuses have been used interchangeably to describe fuses operating above 600 V. However, technically speaking, medium voltage fuses are the fuses intended for voltage range between 3600 V to 36000 V. On the other hand, high voltage fuses are intended for voltage above 36000 V. Medium voltage fuses also differ from high voltage fuses as they have tube liners and spring mechanism embedded in them. These fuses come in different limiting types and design but are not intended to provide overload protection.

global medium voltage fuse market

Rise in demand for electricity and reliable power transmission is expected to be a major driver of the market. The market is also expected to grow from the demand arising from the growing construction and automotive sector. Moreover, the increased expenditure and initiatives on renewable energy resources are also expected to bolster the growth of the global medium voltage fuse market. However, the market is expected to be hindered by the impact of price based competition as local players from developing economies steadily penetrate the mature markets with low cost offerings, and players from developed economies defend their market share by responding with their own offerings with slashed prices to compete with the low cost strategy of smaller players. This increases the risk of stagnation of companies from intense price-based competition in the near future.

The global medium voltage fuse market is segmented on the basis of type, product type, and application. On the basis of type, the market is segmented into current limiting fuses and expulsion fuses. Based on product type, the market been segmented into Type H, Type K, Type T, Type R, Type E, Overhead Current Limiting Back-up fuse, Overhead Current Limiting Full-range fuse, Oil Submersed Current Limiting Back-up fuse, Oil Submersed Current Limiting Full Range fuse, and Others. Current-limiting fuses operate much faster on high fault currents compared to expulsion fuses, and is expected to contribute to the growth of the market. The fuse is designed to cut off or reduce fault currents when its current-responsive element is melted by current within the specified current-limiting range of the fuse. All these features make current limiting fuses more attractive over the period 2018 - 2026.

In terms of application, the global medium voltage fuse market is segmented into transformers, motor starters/motor circuits, feeder circuits/ feeders, switchgear, capacitors, and others. The transformers segment is divided into power transformers, potential transformers, and distribution/service transformers sub-segments. Based on application, the transformers segment is expected to contribute major share in the global medium voltage fuse market due to the growing world energy needs. Transformers segment is followed by motor starters/motor circuits segment in terms of market share. Feeder circuits/ feeders segment is expected to witness rapid growth throughout the forecast period.

The global medium voltage fuse market is expected to be driven by the North America region. North America is estimated to contribute major share in the overall medium voltage fuse market with the U.S. providing most of the revenue. The presence of major industry players along withthe adoption of such fuses across many verticals is expected to drive the market in the region. Asia Pacific is expected to emerge as the fastest growing region for the medium voltage fuse market. This growth is from China, Japan, and India, while Southeast Asian countries with their growing motorization and need for energy are also expected to contribute substantially to the region’s growth.

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.

Medium Voltage Fuse Market – Overview

This report on the global medium voltage fuse market provides analysis for the period 2016–2026, wherein 2017 is the base year and the period from 2018 to 2026 is the forecast period. Data for 2016 has been included as historical information. The report covers market dynamics including drivers, restraints, opportunities, and trends expected to influence the growth of the global medium voltage fuse market during the said period. Technologies that are playing a major role in driving the global medium voltage fuse market have also been covered in the study. The study provides a comprehensive analysis on market growth throughout the above forecast period in terms of value estimates (in US$ Mn) and Volume (in Thousand Units), across different geographies.

The medium voltage fuse market has been segmented on the basis of type, product type, application, and geography. Based on type, the market has been divided into current limiting fuses, and expulsion fuses. Current limiting fuses also known as silver-sand fuses are primarily utilized for overcurrent protection in electric distribution systems. Based on product type, the medium voltage fuse market has been segment into Type H, Type K, Type T, Type R, Type E, Overhead Current Limiting Back-up fuse, Overhead Current Limiting Full-range fuse, Oil Submersed Current Limiting Back-up fuse, Oil Submersed Current Limiting Full Range fuse, and others. Based on application, the global market has been divided into Transformers, Motor Starters/Motor Circuits, Feeder Circuits/ Feeders, Switchgear, Capacitors, and Others. Transformer segment has been sub-segmented into power transformers, potential transformers, and distribution/service transformers.

Geographically, the report classifies the global medium voltage fuse market into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America; the regions are analyzed in terms of market revenue. Furthermore, region wise prominent countries covered in the report include the U.S, Canada, Germany, France, U.K., Italy, China, India, Japan, Gulf Cooperation Council (GCC), South Africa, and Brazil.

The report includes key developments in the medium voltage fuse market. Porter Five Force analysis and financials are included in the report. The report also covers segment wise incremental opportunity analysis and market share analysis for all regions and regional snapshots.  Moreover, the report also covers policy and regulations for all regions.

Incremental opportunity analysis includes segment growth matrix, 2017 - 2026 (%), segment value share contribution, 2017 - 2026 (%), and segment compound annual growth rate (CAGR %). Incremental opportunity identifies and compares market growth of segments based on CAGR and market share index.

The report also includes competition landscape that covers competition matrix, market share analysis of major players in the global medium voltage fuse market based on their projected value share, and business profiling of major players. The competition matrix benchmarks leading players on the basis of their capabilities and potential to grow. Factors including market position, offerings, and R&D focus are attributed to a company’s capabilities. Factors including top line growth, market share, segment growth, infrastructure facilities, and future outlook are attributed to a company’s potential to grow. This section also identifies and includes various recent developments of leading players.

Company profiling includes company overview, major business strategies adopted, and SWOT analysis. 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, Driescher Eisleben, and LSIS Inc.

The global medium voltage fuse market is segmented as below

Global Medium Voltage Fuse Market, by Type

  • Current Limiting Fuses
  • Expulsion Fuses

Global Medium Voltage Fuse Market, by Product Type

  • Type H (high surge)
  • Type K (fast-acting)
  • Type T (slow-acting)
  • Type R: Backup current limiting fuse for motors
  • Type E: General Purpose current limiting fuse
  • Overhead Current Limiting Back-up fuse
  • Overhead Current Limiting Full-range fuse
  • Oil Submersed Current Limiting Back-up fuse
  • Oil Submersed Current Limiting Full Range fuse
  • Others

Global Medium Voltage Fuse Market, by Application

  • Transformers
    • Power Transformers
    • Potential Transformers
    • Distribution/Service Transformers
  • Motor Starters/Motor Circuits
  • Feeder Circuits/ Feeders
  • Switchgear
  • Capacitors
  • Other

Global Medium Voltage Fuse Market, by Geography

  • North America
    • The U.S.
    • Canada
    • Rest Of North America
  • Europe
    • The U.K
    • Germany
    • Italy
    • France
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • Japan
    • India
    • Rest of APAC
  • Middle East & Africa (MEA)
    • GCC
    • South Africa
    • Rest of MEA
  • South America
    • Brazil
    • Rest of South America
.