The global market for medium voltage fuses is anticipated to grow at a steady rate throughout the period of forecast, to register a CAGR of 5.3% during 2017-2025.
Albany, NY -- (SBWIRE) -- 10/11/2017 -- Comprehensive market research report on medium voltage fuses has been added to the Market Research Report Search Engine (MRRSE). The research publication titled "Medium Voltage Fuse Market: Global Industry Size, Growth, Share, Trends, Analysis and Forecast 2017-2025" unveils several market trends, restraints, drivers and opportunities that have a direct influence on the expansion of the global market for medium voltage fuses. Moreover, various innovations and technological developments that have a major contribution in fuelling the development of the market for medium voltage fuses are also assessed and presented logically in this research report. The intensive research covers each segment of the market across important geographies of North America, Asia Pacific (APAC), Latin America, Europe and Middle East and Africa (MEA) and their sub-regions which gives holistic perspective to the research. The weighted market segmentation helps analyze present market scenario along with future market projections for a period of eight years, from 2017-2025.
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Global Market for Medium Voltage Fuses: Forecast Highlights
The global market for medium voltage fuses is anticipated to grow at a steady rate throughout the period of forecast, to register a CAGR of 5.3% during 2017-2025. The global market for medium voltage fuses is valued at a little over US$ 2.1 Bn in 2017 and is estimated to reach a market valuation of more than US$ 3 Bn by the end of 2025.
Global Market for Medium Voltage Fuses: Dynamics
The expansion of the market for medium voltage fuses has been influenced by factors such as rising construction industry, growth of industrial sector, higher demand for reliable power and electricity delivery, increasing initiatives and subsidies on renewable energy sources and rising adoption of current limiting fuses. However, cheaper products by domestic companies is likely to affect the demand for medium voltage fuses, thus posing threat to its market growth.
Global Market for Medium Voltage Fuses: Segmental Analysis
The global market for medium voltage fuses has been segmented by type (expulsion fuses, current limiting fuses, EEI-NEMA Type K&T and Type H&N and Others), by application (transformers, motor circuits /motor starters, feeders/feeder circuits, capacitors, switchgears and other) and by geography. The current limiting fuses segment has been further categorized by C-rated fuses, R-rated fuses, E-rated PT fuses/PT fuses, E-rated fuses, and others. Expulsion fuses segment is further sub segmented by boric acid fuses.
- By type, the current limiting fuses are expected to highly contribute to the expansion of the global market for medium voltage fuses. These fuses are also referred to as silver sand fuses that essentially perform the role of limiting the current flow and hence widely sued to protect electric systems from over currents. The adoption of this type of fuses is surging which has triggered its healthy growth in the coming years and also likely to dominate the global market
- E-rated sub segment in the current limiting fuses category is expected to lead the market with respect to market share. On the other hand, the R-rated fuses sub segment is projected to grow at the fastest pace throughout the period of assessment
- Transformers segment by application is expected to generate higher demand for medium voltage fuses. It is likely to be highly profitable segment for the expansion of the global market for medium voltage fuses. Feeder circuits segment is expected to reflect remarkable growth in the coming years. With respect to market share, the motor circuits/ starters segment stands second to transformers segment
- Asia Pacific (APAC) region is expected to lead the global market for medium voltage fuses. By the end of2025, this region is estimated to account for a higher market share and reach a market valuation of US$ 962.9 Mn. Following APAC region, North America stands second and is likely to reflect a 1.5x increase in revenue from 2017 to 2025, as it is estimated to be valued at little higher than US$ 960 Mn by 2025 end. China, Japan and India are the major contributors of growth of APAC region, while United States is a major revenue hub pushing growth North America region
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Global Market for Medium Voltage Fuses: Competitive Landscape
The research report on global market for medium voltage fuses includes profiles of key players operating in this market. Key players like Mitsubishi Electric, Pennsylvania Breaker, LLC, Fusetek, Mersen S.A, IPD Group Limited, Powell Industries Inc., General Electric, Fuseco Inc., DF Electric, SIBA GmbH, Littelfuse, Inc., Eaton Corporation, Bel Fuse, Inc., and ABB Ltd., are profiled in this exhaustive research study.
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