세계 중전압 퓨즈 시장 규모는 2023년 15억 5,000만 달러에서 2031년 23억 8,000만 달러에 달하고, 2024-2031년의 예측 기간 동안 연평균 5.52% 성장할 것으로 예상됩니다.
중전압 퓨즈에 대한 수요가 급증한 것은 주로 첨단 스마트 그리드 기술의 통합에 기인합니다. 최신 퓨즈는 첨단 모니터링, 진단 기능을 통해 전체 시스템 관리를 강화하고 전기적 장애에 대한 신속한 대응을 가능하게 합니다. 현재 점점 더 많은 퓨즈에 센서와 통신 모듈이 내장되어 실시간으로 데이터를 수집하고 최종적으로 고장을 원격으로 진단할 수 있는 제품이 증가하고 있습니다. 이러한 혁신을 통해 유틸리티 회사는 시스템 성능을 지속적으로 모니터링하고 고장이 발생하기 전에 문제를 파악할 수 있어 보다 효율적이고 신뢰할 수 있는 시스템을 구현할 수 있습니다.
또한, 태양광 및 풍력 발전과 같은 재생 가능 에너지원으로 인한 에너지 상황의 변화로 인해 이러한 에너지 입력의 변동성과 변덕스러운 특성으로 인해 MV 퓨즈 설계가 필요하게 되었습니다. 각 제조업체는 재생 에너지 설비의 고유한 요구 사항을 충족하는 퓨즈 설계 및 개발에 주력하고 있습니다. 이는 현재 고전류 부하에 대한 고성능 처리 능력을 제공하고 고전류 및 진동 조건에서 신뢰할 수 있는 보호 기능을 제공해야 합니다. 첨단 MV 퓨즈의 역할은 재생 가능 에너지 원의 완전한 통합과 함께 강력하고 지속 가능한 에너지의 미래를 예측합니다. 재생 가능 에너지 원을 전력망에 완전히 통합하면 장기적인 에너지의 미래가 약속됩니다.
예를 들어, 2023년 9월 Littlefuse Inc.는 656 및 658 시리즈 퓨즈 블록 제품군의 최신 버전을 출시했습니다. 더 높은 정격 전류를 새롭게 추가함으로써 설계 엔지니어와 설계자는 최종 사용자의 특정 사용 요구 사항에 따라 새로운 선택을 할 수 있습니다. 이 제품은 전자기기, 데이터센터, 통신, 빌딩/홈 오토메이션, 가전제품 등에 사용됩니다.
도시화, 인프라, 재생에너지 통합으로 시장 성장 촉진
급격한 도시화와 스마트 시티의 발전에 따라 전력 인프라의 신뢰성을 향상시키기 위해서는 우수한 기능을 갖춘 중전압 보호 시스템이 필요합니다. 도시가 증가하고 배전망의 확장이 필요하기 때문에 더 많은 중전압 퓨즈가 필요합니다. 인프라에서 전력 네트워크 및 배전 시스템의 업그레이드 및 확장 등 새로운 프로젝트가 계속 등장하고 있으며, 이러한 프로젝트에는 중전압 퓨즈가 필요하여 수요를 자극하고 있습니다.
태양광, 풍력, 수력 등 재생에너지에 대한 수요가 증가함에 따라 안정적인 전력 공급을 위해 새롭게 형성되는 전력계통의 보호를 위해 중전압 퓨즈를 포함시켜야 합니다. 스마트 그리드로의 전환을 위해서는 전력 시스템을 모니터링하고 제어하는 첨단 기술의 도입이 필요합니다. 즉, 새로운 보호 기술이 필요합니다. 원격 진단 및 실시간 모니터링과 같은 지능형 기능을 갖춘 중전압 퓨즈는 이러한 추세를 지원하기 위해 필요합니다. 중전압 퓨즈 시장은 보조 장비의 영향을 받습니다.
예를 들어, 슈나이더 일렉트릭 SE는 2024년 4월에 새로운 EasySet MV 공기 절연 실내 배전반의 출시를 발표했습니다. 지속 가능한 배전 요구를 충족하는 이 최첨단 친환경 배전반은 작동, 모니터링 및 유지보수가 매우 단순화되어 있습니다.
퓨즈 기술의 향상과 다양한 용도가 시장 성장을 가속합니다.
세라믹 및 복합재료의 개선으로 퓨즈 설계 및 재료의 혁신은 더 나은 성능과 신뢰성을 제공합니다. MV 퓨즈의 소형화 및 커스터마이징을 통한 기술 발전은 다양한 응용 분야에서 소형화 및 맞춤형 솔루션에 대한 수요 증가에 대응하기 위해 성장하고 있습니다. 고급 MV 퓨즈는 전체 시스템 성능에 긍정적인 영향을 미치고 에너지 절약에 기여하기 때문에 전기 시스템의 에너지 효율과 지속가능성 측면에서 선호되고 있습니다. 환경에 대한 관심이 높아짐에 따라 환경 친화적이고 재활용이 가능한 MV 퓨즈 솔루션에 대한 요구가 높아지고 있으며, 이는 지속가능성 의무를 충족시키는 데 적합합니다.
이 보고서는 세계 중전압 퓨즈 시장에 대해 조사 분석했으며, 시장 규모와 예측, 시장 역학, 주요 기업 현황 및 전망 등의 정보를 제공합니다.
Global medium voltage fuse market is projected to witness a CAGR of 5.52% during the forecast period 2024-2031, growing from USD 1.55 billion in 2023 to USD 2.38 billion in 2031.
This surge in demand for medium voltage fuses is mainly attributed to the integration of advanced smart grid technologies. Modern fuses enhance overall management of the system by way of advanced monitoring and diagnostic features, allowing for expedient response to electrical faults. Currently, fuses are increasingly produced with integral sensors and communication modules that can collect real-time data and ultimately diagnose remotely the fault. This innovation allows utilities to monitor system performance continuously and ensure problems are identified before failure occurs, hence making it more efficient and reliable.
In addition, the variability and sometimes capricious characteristics of these energy inputs due to a shift in the energy landscape with renewable energy sources such as solar and wind power necessitated the design of MV fuses. The manufacturers are focusing on developing the design of fuses that would meet the specific needs of renewable installations. This should now offer high-performance handling capability of high current loads and provide credible protection under conditions of high power flows and vibration conditions. Advanced MV fuses role along with full integration of renewable energy sources projects a strong and sustainable energy future. The full integration of renewable energy sources into the grid ensures the development of a long-lasting energy future.
For instance, in September 2023, Littlefuse Inc. has launched the latest editions of its 656 and 658 series fuse blocks product line. New higher amperage ratings offer design engineers and designers additional options based on the specific application requirements of their end-users. Products consumers include electronics, data centers, telecom, building/home automation, and appliances.
Urbanization, Infrastructure, and Renewable Energy Integration to Fuel Market Growth
Reliability in electricity infrastructure at the pace of rapid urbanization and the development of smart cities necessitates good working medium-voltage protection systems. There is a rise in cities, and more and more medium voltage fuses will become necessary as such city growth necessitates the expansion of power distribution networks, which will be needed to protect and control the ever-growing infrastructure of such networks. New projects in infrastructure continue to come up with upgrades and expansions of power networks and distribution systems, and thus these require medium voltage fuses, providing stimulus for demand.
With the increasing demand for renewable sources such as solar, wind, and hydropower, medium voltage fuses must be included for the protection of newly formed power systems with the goal of providing reliable power delivery. The transition towards the smart grid involves introducing advanced technologies to monitor and control the power system. That means a new protection technique is necessary. Medium voltage fuses with intelligent features like remote diagnostics and real-time monitoring are necessary to support such a trend. The medium voltage fuse market is influenced by ancillary equipment.
For instance, in April 2024, Schneider Electric SE announced the launch of its new EasySet MV air-insulated indoor switchgear. For sustainable electrical distribution needs, this cutting-edge and environmentally friendly switchgear delivers unmatched simplicity of operation, monitoring, and maintenance.
Enhanced Fuse Technologies and Varied Applications to Fuel Market Growth
Improved ceramics and composites in the cases of fuse design and material innovations provide better performance and reliability. These lead to growth as they offer better protection and efficiency. Technological progress through miniaturization and customization of MV fuses addresses the ever-increasing demands for compact and tailored solutions in versatile applications. Advanced MV fuses are preferred for energy efficiency and sustainability in electrical systems as they have a positive impact on overall system performance and contribute to energy saving. Increased environmental concerns call for eco-friendly and recyclable MV fuse solutions suited for the larger mandates of sustainability.
MV fuses protect the distribution electrical systems in commercial buildings, such as transformers and switchgear, for safe and reliable delivery of power. In high-density residential developments, MV fuses protect the distribution infrastructure that supplies power to several apartments or homes. Companies introduce fuses with advanced safety levels for specific applications.
For instance, in March 2023, the next level of safety for higher amperage utility scale solar applications was introduced by Mersen Group with the release of its new Higher Amperage 1500VDC Helio Protection 20*65mm PV fuses and fuses holders.
Current Limiting Fuses to Dominate Market Share
Based on product type, the current limiting fuses hold the major share of the global medium voltage market. They limit the energy of a fault and produce a fault in a very short time, often in cycles. This rapid response helps to minimize damage to the system and connected equipment, which should boost the market segment. Additionally, current limiting fuses limit the amount of energy that flows during a fault. By reducing energy, the end-users can protect downstream equipment and minimize the impact of the fault on the system. Governments are focusing on expanding the electricity distribution networks, promoting the adoption of MV fuses.
For instance, in June 2023, Egypt invested USD 1.5 million to Enhance Electricity Distribution Network in Beheira And Support National Projects. This move is part of the government's ongoing efforts to improve services and meet the rising energy needs nationwide.
Asia-Pacific Dominates the Global Medium Voltage Fuse Market Share
The Asia-Pacific is the leading area of the market. Many in Asia-Pacific, with leaders China and India, continue to industrialize at a breathtaking pace. Such growing industrialization demand solid infrastructure for electrical, mainly medium voltage, protection for pieces of equipment and electrical systems. China, India, along with Southeast Asian countries, continue to urbanize; there is a significant increase in power distribution networks along with the emerging need for proper protection solutions.
The region is focused on large-scale infrastructure projects of new power plants, transportation networks, and smart cities. Such projects demand a variety of electric infrastructure and protective systems, for example, the MV fuse ensuring the reliability and safety of such systems. Asia-Pacific invests in renewable energy source-based projects such as solar energy. These are important projects for the MV fuse protecting the energy system and the control of the integration of renewable sources into it.
For instance, in June 2023, ABB Ltd. attended the Asia-Pacific channel partner event in Bangkok. The conference had more than 200 partners gathered from 15 countries to discuss Megen tents who contribute to economic growth in the region, and the possibilities for businesses and innovation represented by electrification, electronic mobility, digitalization, and energy transition.
Future Market Scenario (2024 - 2031F)
Advancements in materials, such as improved ceramics and composites, are improving the performance and reliability of medium-voltage fuses. Fuses with integrated sensors and communication modules are becoming more common, enabling real-time data collection and remote diagnostics. With the integration of renewable energy sources, such as solar and wind, MV fuses are being designed to handle the variable and sometimes unpredictable nature of these energy sources.
Key Players Landscape and Outlook
The medium voltage fuse market is expected to grow due to increasing demand for reliable electrical infrastructure, the expansion of renewable energy sources, and the integration of smart grid technologies. Innovations in fuse technology, including digital integration, smart monitoring, and eco-friendly materials, will drive market growth and create new opportunities. Asia-Pacific will continue to be a major growth driver due to rapid industrialization, urbanization, and infrastructure development. Hence, competitors are focusing on advancing their product line in the region. Key players are expected to focus on technological innovation, sustainability, and global expansion to maintain their competitive edge in the evolving market. Companies are collaborating to advance their technology and expand the supply chain.
For instance, in May 2024, Eaton Corporation acquired Exertherm while expanding into continuous thermal monitoring solutions for electrical equipment. The partnership will enable the end-users to optimize operations and enhance business performance by realizing the possibilities embedded in the data.
All segments will be provided for all regions and countries covered
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.