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Medium Voltage Fuse Market Share

Report ID: GMI8018
Published Date: Feb 2024
Report Format: PDF

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Medium Voltage Fuse Market Share

Global Company Market Share Analysis, 2023, (%)

In 2023, dominant market players, including ABB Ltd., Bel Fuse, Inc., Eaton Corporation, Littelfuse, Inc., SIBA GmbH. The top five companies collectively hold a substantial 20 - 25% market share. This market is a highly fragmented market. These industry leaders are actively engaged in strategic initiatives such as mergers & acquisitions, facility expansions, and partnerships to broaden their product portfolios, reach a wider customer base, and strengthen their market presence. These companies continuously invest in research and development to improve their electronic products and incorporate new technologies, allowing them to stay ahead of the competition.

Medium Voltage Fuse Market Companies

Major players operating in the medium voltage fuse industry include:

ABB Ltd.
Bel Fuse, Inc.
Eaton Corporation
Littelfuse, Inc.
SIBA GmbH
DF Electric
Fuseco Inc.
General Electric
IPD Group Limited
Mersen S.A
Fusetek
Powell Industries Inc.
Pennsylvania Breaker, LLC
Mitsubishi Electric
Schneider Electric Company

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market valuation of medium voltage fuse was reached USD 395 million in 2023 and is anticipated to register a CAGR of over 4.8% between 2024 and 2032, driven by increasing investments in infrastructure development and focus on industrial automation.

Transformers application segment held a market share of 31% in 2023 and is anticipated to grow at a significant pace through 2032, due to elevating or reducing voltage levels within medium voltage systems, facilitating efficient transmission and distribution of power across extended distances.

North America medium voltage fuse market held a revenue share of 29% in 2023 and is poised for notable growth through 2032, attributed to wider electrification and swift urbanization.

ABB Ltd., Bel Fuse, Inc., Eaton Corporation, Littelfuse, Inc., SIBA GmbH, DF Electric, Fuseco Inc., General Electric, IPD Group Limited, Mersen S.A are some of the major industry contenders.