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Industry Trends
Electric Fuse Market’s annual installation is expected to surpass 400 million units by 2025. Increasing sophistication, functionality, and convergence of electronic devices along with growing consumer preference for connectivity and digital sources across the automotive industry will boost the electric fuse industry demand.
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Massive potential of circuit protection devices across various applications owing to the integration of Internet of Things (IoT) devices will propel the industry statistics. Moreover, high interrupting ratings, propensity to provide selective coordination and optimum component protection are some of the vital parameters stimulating the product adoption.
| Report Coverage | Details |
|---|---|
| Base Year: | 2018 |
| Market Size in 2018: | 3 Billion (USD) |
| Forecast Period: | 2019 to 2025 |
| Forecast Period 2019 to 2025 CAGR: | 4% |
| 2025 Value Projection: | 4 Billion (USD) |
| Historical Data for: | 2014 to 2018 |
| No. of Pages: | 844 |
| Tables, Charts & Figures: | 1,893 |
| Segments covered: | Voltage, Current Rating, Application, End-Use and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Enhanced regulatory focus toward facilitating emission reduction in vehicles along with the rapid emergence of electric & hybrid vehicles will enhance the electric fuse market share. Ongoing modernization of grid systems to bring reliability & stability of electrical power driven by robust demand from continuously expanding residential & industrial sector will further thrust the product demand.
By Voltage
Low voltage electric fuse market will witness sturdy growth on account of high suitability across extensive range of applications, majorly across electronics & automotive. Ability to provide reliable protection to electrical installations and signal circuits against overload conditions and short circuit current will stimulate the product penetration. Ongoing advancements in the electric mobility has enhanced the utilization of convenience systems including automatic controls, air conditioners and number of onboard devices that will significantly boost the industry landscape.
High voltage electric fuse market is expected to register over 6% CAGR through 2025. Increasing utilization of these products can be attributed to minimal maintenance requirements, low installation cost and economical operations. Growing demand for effective power distribution favored by rising electricity requirements will impart a positive business scenario.
By Current Rating
Ongoing expansion of residential establishment across the globe coupled with improved living standards has enhanced the demand for home electrical appliances, thereby driving the >500 amperes electric fuse market growth. Increasing susceptibility of electronic devices to fault conditions owing to their increasing functionality and compact size will further fuel the product adoption.
>4000 amperes fuse market will witness substantial growth owing to accelerating demand across utility and industrial applications. Increasing utilization of electrical equipment is amplifying the demand for power protection systems, thus stimulating the product penetration. Moreover, capability to provide necessary protection to electrical facilities and ensuring operational safety will complement the business outlook.
By Application
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Rapid urbanization and commercialization across the emerging economies on account of large-scale suburban migration and favorable regulatory measures ensuring improved livelihood for domestic residents will enhance the electric market growth across residential applications.
Industrial electric fuse industry will witness a substantial growth owing to robust demand for the protection of circuit breakers, transformers, solenoids, meters, lighting ballasts, speed drives, and motors. Increasing efforts to avoid thermal damage and catastrophic impact on the industrial equipment will foster the industry expansion.
By End-Use
Gradual upgradation and refurbishment of the ageing grid infrastructure coupled with increasing requirement to provide reliable protection for expensive electrical plants will boost the electric fuse adoption across various power transformers. High switching capacity with compact design, efficient operations, accommodation of peak loads and high level of compatibility with other circuit protection equipment are some of the vital aspects that will fuel its adoption.
Automotive electric fuse market will witness significant penetration owing to growing electrification of passenger & commercial vehicles along with enhanced focus of auto makers on advanced propulsion technologies. Growing complexity of automotive electronics along with circuit miniaturization will impart a positive business scenario. In addition, development of the battery chemistry, the expansion of production capacity in manufacturing plants along with incentives toward low and zero emission vehicles will positively influence the electric vehicle growth, thus fueling the product demand.
By Region
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Burgeoning electricity demand owing to robust population growth coupled with expansion & interconnection of grid infrastructure will significantly boost the Asia Pacific electric fuse market share. Enhanced government focus toward reducing overload conditions to ensure uninterruptible power distribution in conjunction with increasing efforts to avoid severe monetary losses resulting from prolonged downtime of facilities & power blackouts will complement the business outlook.
Decentralization of energy supply through renewable energy sources coupled with continuous economic recovery across various countries will drive the Europe electric fuse market forecasts. Growing electrification of the automotive industry favored by ambitious government targets pertaining to emission reduction will complement the business landscape.
Competitive Market Share
Prominent players catering to the electric fuse market comprise of Littelfuse, Eaton, ABB, Siemens, Schneider, General Electric, Fuji, Panasonic, Pacific Engineering, Mitsubishi, TE Connectivity, Legrand, Hubbell, AVX, Edison Fusegear, Bel Fuse, Mersen, C&S Electric, Larsen & Toubro amongst others.
Strategic partnerships & alliances coupled with accelerating investments toward research & development has been a key strategic implication by key industry players. Establishment of high speed and high-volume manufacturing expertise to produce improved quality & competitively priced products delivered on time is the focal point of industry giants.
Electric fuse market research report includes in-depth coverage of the industry with estimates & forecast in terms “USD” & “units” from 2014 to 2025, for the following segments:
By Voltage
- Low
- <100V
- 100V-250V
- 250V-400V
- >400V
- High
- 1kV-11kV
- 11kV-33kV
- >33kV
By Current Rating
- <500A
- 500A-2000A
- 2000-4000A
- >4000A
By Application
- Residential
- Commercial
- Industrial
- Utility
By End-Use
- Power Transformers
- Electrical Cabling
- Electrical Appliances
- Electronic Devices
- Automotive
- Others
The above information is provided on a regional and country basis for the following:
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- France
- Germany
- Italy
- Austria
- Spain
- Netherlands
- Denmark
- Finland
- Sweden
- Poland
- Romania
- Norway
- Eurasia
- Russia
- Belarus
- Kazakhstan
- Armenia
- Kyrgyzstan
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Malaysia
- Singapore
- Thailand
- New Zealand
- Philippines
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- Kuwait
- Bahrain
- Oman
- Turkey
- South Africa
- Nigeria
- Algeria
- Tunisia
- Egypt
- Israel
- Morocco
- Jordan
- Lebanon
- CIS
- Azerbaijan
- Moldova
- Tajikistan
- Turkmenistan
- Ukraine
- Uzbekistan
- Latin America
- Brazil
- Argentina
- Colombia
- Chile
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