About Fuses
Fuses are electrical safety equipment used to prevent the flow of overloaded current in order to protect electrical components from being damaged. The metal wire or strip melts when high amount of current flows through it. Materials with low melting points such as tin, lead and zinc are used for fuse manufacturing. Fuses are used in applications such as electrical appliances, laptops, power chargers, mobile phones, and various automotive electrical equipment. Increasing raw materials price for fuse manufacturing is proving to be a challenge for the manufacturers as well as providing an opportunity to explore efficient alternatives materials.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that North America Manufacturers will contribute the maximum growth to Global Fuses market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Mersen (France), Morgan Advanced Materials plc (United Kingdom), Schunk (Germany), Helwig Carbon Products (United States), The Gerken Group (Belgium), Schneider Electric (France), Siemens (Germany), ABB (Switzerland), Eaton (Ireland), S&C Electric Company (United States), G&W Electric Company (United States), Schurter (Switzerland) and Hubbell (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Bel Fuse Inc. (United States), Littelfuse (United States), Legrand (France), Panasonic Electronic Devices Co., Ltd. (Japan), Mitsubishi Materials Corporation (Japan), Littelfuse, Inc. (United States), Ta-I Technology Co., Ltd. (Taiwan) and Sano Corporation (South Korea).
Segmentation Overview
AMA Research has segmented the market of Global Fuses market by Type (High Voltage (Cartridge Type HV HRC Fuse, Liquid Type HV HRC Fuse, and Expulsion Type HV Fuse) and Low Voltage (Cartridge Type, Drop-out Fuse, Rewirable Type Fuse, Striker Fuse, and Switch Fuse)), Application (Automotive, Construction, Power Sector, Consumer Appliances and Others) and Region.
On the basis of geography, the market of Fuses has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Growing Demand for Electric Fuse in Automotive
Market Growth Drivers:
Rising Demand for Efficient Power Distribution System and Growing Investments in Renewable and Energy Storage Devices
Challenges:
Growing Use of Alternative Solutions such as Circuit Breakers and Delaying Smart Cities and Grid Expansion Plans
Restraints:
Increasing Raw Materials Prices for Fuse Manufacturing and Growing Inclination Towards Smart Grid Vision
Opportunities:
Increasing Grid Expansion Projects in Emerging Countries, Increasing Demands for Efficient Fuse for Hybrid and Electrical Vehicles and Growing Infrastructural Developments in Emerging Countries
Market Leaders and their expansionary development strategies
In December 2019, Fuse kits for electric vehicles were introduced by Protectron Electromech. It is a well-known producer of electro-mechanical equipment. They are said to provide total system protection. The fuses are certified for currents up to 150 amps and DC voltages up to 450 volts.
In March 2022, a leader in advanced materials and electrical power in the world, Mersen, announced non-indicating variants of its well-liked A2D and A6D Series fuses. The Class RK1 Time Delay fuse family currently provides an array of amperage ratings between 8 and 600A across both expressing and non-indicating categories.
Key Target Audience
Fuse Manufacturers, Suppliers/Distributors, Automotive Manufacturers, Market and Research Firms, Government Agencies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.