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2021
Electric Fuse Market

Electric Fuse Market: Global Opportunity Analysis and Industry Forecast 2020 - 2027

A09300
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Dec 2021 | 279 Views
   
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Fuse is an electrical device used to protect the electrical components from high current. The fuse melts and separates if there is an incident of unnecessary rise in the current flow. Electricity plays a vital role in modern-day life. Electric fuse is an essential factor of the energy industry. It is used for overload and short circuit safety in high voltage and low voltage installations. Some of the advantages of having electrical fuse include zero maintenance, lesser operation time in comparison to operation of circuit breaker, and the capability to break short circuit current without generating noise or smoke. Electric fuse forms a vital element of the system utilized in power infrastructure. Increase in demand for power, specifically in the transmission and distribution networks, boosts the demand for electric fuse over the forecast period.

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2019–2027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast unit 

  Million (USD)

  Segments covered

  Type, Voltage, End User

  Regions covered

North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM), and the Middle East and Africa

  Companies covered

ABB, Schneider Electric, Siemens, Hubbell, Mersen, Legrand, Schuster, S & C Electric Company, Bel Fuse, Little Fuse

 

Global Electric Fuse Market, by Type

  • Power Fuse & Fuse Link
  • Distribution Cutouts
  • Cartridge & Plug Fuse

Global Electric Fuse Market, by Voltage

  • Low
  • Medium
  • High

Global Electric Fuse Market, by End User

  • Utilities
  • Industrial
  • Residential
  • Commercial
  • Transportation
  • Others

COVID-19 scenario analysis

The novel coronavirus has severely affected the development of electronic industry. The worldwide lockdown has forced governments to shutdown various electronics manufacturing plants and outlets to prevent the spread of the virus. Moreover, the lockdown has reduced the disposable income, which further reduced the demand for consumer electronics. Furthermore, supply chain disruptions have created difficulties in the manufacturing and sales channels. This is expected to further reduce the demand for electronics appliances.

Top impacting factors: Market scenario analysis, trends, and drivers

The primary factors propelling the growth of the electric fuse market are increasing investments in renewable & power storage, growing investments in T&D infrastructure plans, automobile, and telecommunication. Elevated demand for automobile electronics in the automobile industry and renewal of investments within the construction industry are further complementing the adoption of electric fuse.

Increased regulatory awareness closer to facilitating emission reduction in automobiles together with the rapid emergence of electrical & hybrid vehicles is likely to boost the market growth. Growing sophistication, capability, and convergence of electronic gadgets together with growing consumer desire for connectivity and digital sources across the automobile industry are expected to create space for growth opportunities. The factors that are anticipated to hinder the market growth are growing prices of raw materials; increasing demand for replacements, including MCBS, MCCBS, and relays; and growing investments in smart grid vision.

Regional insights

Asia-Pacific is considered to be a prominent regional market in terms of growth. Countries in Asia-Pacific, such as India, China, and Japan, are investing extensively in the development of environment-friendly and halogen-free electric fuse insulation material. Rising government awareness toward lowering overload conditions to make sure uninterruptible electricity distribution and increasing efforts to prevent extreme financial losses due to extended downtime of facilities & power blackouts are expected to complement the industry outlook. North America offers high potential for the electric fuse market. The usage of electric fuse is anticipated to growth in the U.S. as the country authorities plans to refurbish infrastructure and bring eco-friendly electricity distribution & transmission control systems. The electric fuse market in the Middle East & Africa is expected to expand extensively in the near future. Countries, including Saudi Arabia, Kuwait, Bahrain, and Qatar have invested notably in electric fuse for improvement of the power sector.

Key benefits of the report:

  • This study presents the analytical depiction of the global electric fuse market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global electric fuse market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global electric fuse market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed analysis based on competitive intensity and how the competition will take shape in coming years. 
 
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