PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1381830
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1381830
Global Medium Voltage Fuse Market Size study & Forecast, by Type, by Product, by Application, and Regional Analysis, 2023-2030
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
Recent Developments in the Market:
Global Medium Voltage Fuse Market Report Scope:
By Type:
By Product:
By Application:
By Region:
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
Chapter 3. Global Medium Voltage Fuse Market Dynamics
Chapter 4. Global Medium Voltage Fuse Market Industry Analysis
Chapter 5. Global Medium Voltage Fuse Market, by Type
Chapter 6. Global Medium Voltage Fuse Market, by Product
Chapter 7. Global Medium Voltage Fuse Market, by Application
Chapter 8. Global Medium Voltage Fuse Market, Regional Analysis
Chapter 9. Competitive Intelligence
Chapter 10. Research Process
LIST OF TABLES
- TABLE 1. Global Medium Voltage Fuse Market, report scope
- TABLE 2. Global Medium Voltage Fuse Market estimates & forecasts by Region 2020-2030 (USD Billion)
- TABLE 3. Global Medium Voltage Fuse Market estimates & forecasts by Type 2020-2030 (USD Billion)
- TABLE 4. Global Medium Voltage Fuse Market estimates & forecasts by Product 2020-2030 (USD Billion)
- TABLE 5. Global Medium Voltage Fuse Market estimates & forecasts by Application 2020-2030 (USD Billion)
- TABLE 6. Global Medium Voltage Fuse Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 7. Global Medium Voltage Fuse Market by region, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 8. Global Medium Voltage Fuse Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 9. Global Medium Voltage Fuse Market by region, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 10. Global Medium Voltage Fuse Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 11. Global Medium Voltage Fuse Market by region, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 12. Global Medium Voltage Fuse Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 13. Global Medium Voltage Fuse Market by region, estimates & forecasts, 2020-2030 (USD Billion)
LIST OF FIGURES
