Medium Voltage Fuse Market ? Growing Demand for Advanced Power Transmission Infr

Posted by RASHMI on March 14th, 2019

For a foreseeable future, the global medium voltage fuse market is prosperous, with the demand projected to multiply at a healthy CAGR of 5.3% during the forecast period of 2017 to 2025. While the growth of industrial and construction industry is reflecting positively on the medium voltage fuse market, addition traction is coming from sustained demand for electricity and reliable power delivery as well as increased initiatives on renewable energy resources.

On the other hand, cheaper products offered by domestic players is eating out considerable chunk of the demand and thereby restraining the global medium voltage fuse market. As far as the valuations of the market for medium voltage fuse is concerned, it was evaluated at US,116.3 mn in 2017 and is estimated to reach US,194.8 mn by 2025, globally.

The global medium voltage fuse market is segmented on the basis of type and application. Based on type, the market is segmented into current limiting fuses, expulsion fuses, and EEI-NEMA Type K & T and Type H & N. Moreover, current limiting fuses have been further segmented into E-Rated Fuses, R-Rated Fuses, PT Fuses/ E-Rated PT Fuses, and C-Rated Fuses. Similarly, the expulsion fuses have been further segregated into boric acid fuses and others.

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During the forecast period, the current limiting fuses segment is expected to contribute major share in the global medium voltage fuse market, followed by expulsion fuses segment. Frequently referred as silver-sand fuses, current limiting fuses are essentially used for overcurrent protection in electric distribution systems. These fuses are specifically designed to disconnect or reduce fault currents as soon as current-responsive element is melted by the current within the specified current-limiting range of the fuse.