Medium Voltage Fuse Market Research Report | Sales, Size, Share and Forecast 2026
May 22, 2020
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.Request a PDF Sample of Medium Voltage Fuse Market –https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=49761In 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 E-Rated 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.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.Request a COVID-19 Impact Analysis @ https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=49761Explore Transparency Market Research’s award-winning coverage of the global Chemicals and Materials Industry.