Industry Background:
The electric fuse refers to an electrical safety device which can stop current flow in case of overloading of the current in an electric circuit. Electrical fuse market has high growth prospects as market players are focusing on technological developments. For instance, Schurter, manufacturer of electrical components, launched SHF 6.3x32 ceramic fuses to protect 3-phase systems. These fuses offer currents ranging from 500 mA to 32 A., In addition, they are designed for higher voltages with fast tripping characteristics. Further. Increasing demand from the developing countries and growth in the transmission and distribution network expected to drive the demand for electrical fuse over the forecasted period.
According to AMA Research, the market for Electric Fuse is expected to register a CAGR of 4.31% during the forecast period to 2028. This growth is primarily driven by Rise in Demand of Renewable Power Generation and Energy Storage
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Electrical Components & Equipment sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as Schneider Electric (France), Siemens (Germany), Mersen (France), ABB (Switzerland), Eaton (Ireland), Bel Fuse Inc. (United States), Littelfuse (United States), Legrand (France), S&C Electric Company (United States) and G&W Electric Company (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In Nov. , 2021 Littelfuse, Inc. , an industrial technology manufacturing company empowering a sustainable, connected, and safer world, today announced the completion of its acquisition of Carling Technologies, Inc. (“Carling”). Carling has a leading position in switching and circuit protection technologies with a strong global presence in commercial transportation, communications infrastructure and marine markets.
In December 2023,Littelfuse, an industrial technology manufacturing company empowering a sustainable, connected, and safer world, announced the latest release of the 656 and 658 Series Fuse Blocks product line.Number of players are present in the market hence fragmented nature of the market. Market players are focusing on strengthening their product portfolio with new product launches. For instance, Littelfuse, an electronic manufacturing company launched 40mA PICO 242 series hazardous area barrier network fuse which prevent fires and explosions in critical conditions.
Influencing Trend:
Emphasizing on Technological Advancement and Product Innovation and Increasing Demand from the Construction Sector
Market Growth Drivers:
Rise in Demand of Renewable Power Generation and Energy Storage and Increasing investment in the Transmission and Distribution Network
Challenges:
Availability of Substitute Products
Restraints:
Difficulties in the Installation Process of the Electrical Fuse and High Cost Associated With High Voltage Electrical Fuse
Opportunities:
Rising Demand from the Developing Economies Owing to Growth in the Transportation Infrastructure and Increasing Demand from the End User Segment Such As Industrial, Utilities, and Commercial sector
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Electric Fuse Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Electric Fuse Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Electric Fuse players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Electric Fuse Study Sheds Light on
The Electric Fuse Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Electric Fuse industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Electric Fuse industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.