The global electric fuse market is forecast to grow at a compound annual growth rate (CAGR) of more than 6% during the forecast period from 2021-2030.
An electrical fuse protects electrical components from high currents. If the current flow rises too much, the fuse melts and separates. Nowadays, electric power is a necessity. Electric fuses are essential parts of the energy industry. High voltage and low voltage installations use it for overload and short circuit protection. Electrical fuses provide a range of benefits, such as zero maintenance, less setup and operation times than circuit breakers, and the ability to break short circuit currents without producing any noise or smoke.
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Factors Affecting
- Electric fuses are driving the market growth through increased investments in renewable energy sources & power storage, growing investments in transportation and telecommunications infrastructure. Increasing demand for automobile electronics amid the automobile industry’s economic expansion and the renewed investment in the construction industry is further expanding the electric fuse’s adoption.
- With growing regulatory awareness of emission reduction for automobiles and the rapid emergence of electric & hybrid vehicles, the market is forecast to gain popularity.
- Growing consumer demand for connectivity and digital sources and advancing sophistication, capability, and convergence of electronic gadgets will create opportunities for growth in the automobile industry.
- The factors that will hinder market growth are rising raw material prices, a rise in demand for replacements, such as MCBS, MCCBS, and relays, and increasing investments in modern grid vision.
Impact Analysis of COVID-19
Novel Coronaviruses have significantly contributed to the slow development of the electronic industry. Due to the worldwide lockdown, a number of electronics factories and outlets have ceased operations to prevent the virus from spreading. The lockdown also reduced disposable income, thereby decreasing demand for consumer electronics. Moreover, supply chain disruptions have had an adverse effect on sales and manufacturing. Consequently, electronics appliance demand will further fall.
Regional Overview
Asia-Pacific dominates the electric fuse market due to increased investments in smart grid infrastructure development, R&D spending, rising reliance on renewable power generation sources, and ongoing infrastructural activities. China has the highest installed generation and distribution power in the region because of the high demand for electricity, resulting in high demand for power fuses. Likewise, the growing electricity distribution in countries like India, Australia, and Indonesia would drive electric fuse demand in Asia-Pacific.
Electric fuses should continue to gain market share in North America. Due to the growth of T&D lines in the US, the US will dominate the North American market.
Leading Companies
The leading prominent companies profiled in the global electric fuse market are:
- Schneider Electric (France)
- Siemens AG (Germany)
- Mersen (France)
- ABB Ltd (Europe)
- Eaton Corporation plc (Europe)
- Bel Fuse Inc. (US)
- Littelfuse, Inc (US)
- Legrand (France)
- S&C Electric Company (US)
- G&W Electric Company (US)
- Schurter Holding AG (Europe)
- Hubbell Incorporated (US)
- Other Prominent Players
Scope of the Report
The global electric fuse market segmentation focuses on Type, Voltage, End-User, and Geography.
Segmentation based on Type
- Power Fuse & Fuse Link
- Distribution Cutouts
- Cartridge & Plug Fuse
Segmentation based on Voltage
- Low
- Medium
- High
Segmentation based on End-User
- Utilities
- Industrial
- Residential
- Commercial
- Transportation
- Others
Segmentation based on Geography
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
Table of Content
Chapter 1: Global Electric Fuse Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Electric Fuse market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Electric Fuse Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Electric Fuse market Size Forecast (2023-2032).
Continue….
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Electric Fuse market revenues on a global, regional, and country level, projecting trends until 2032. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Electric Fuse market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Electric Fuse market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Electric Fuse business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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