Global Electric Fuse Market 2017-2021

Overview of the global electric fuse market

Technavio’s market research analyst predicts the global electric fuse market to grow steadily at a CAGR of above 4% by 2021. One of the key factors responsible for the growth of this segment is the rising level of electricity consumption worldwide. Electric fuses are widely used in the power industry to generate, transmit, and distribute power. High voltage fuses are used in the protection of power conversion, while medium and low voltage fuses are used in the distribution of power. Recently, the adoption of electric fuse in the transport sector has witnessed a tremendous growth in both developed and developing nations. In the developed nations, there is a constant urge to make technological innovations, which helps in the expansion of the sector. Governments worldwide are encouraging the adoption of electric cars to curb carbon emissions and meet climate change targets. This has led to the establishment of charging stations that also increases the demand for electricity. These factors coupled with rapid urbanization will fuel the growth of the global electric fuse market in the coming years.

One of the latest trends gaining traction in this market is the growth in the adoption of automotive electronics. Electronic components used in vehicles necessitate the use of electric fuses for the safety of electronic components. The growing demand for advanced in-car systems such as premium audio systems, advanced driver assistance systems, on-board diagnostic systems, infotainment systems, and electronic transmission has been the major factor for the rise in sales of electric fuses in the  automotive electronics sector. Also, the extensive use of high-end infotainment systems among luxury vehicle manufacturers will further propel the growth of the global electric fuse market during the forecast period.

Competitive landscape and key vendors

The global electric fuse market is a mature market and is characterized by the presence of multiple manufacturers competing for a higher market share. To gain a competitive advantage and increase market share, manufacturers focus on innovative and efficient product offerings at an affordable price.

Leading vendors in the market are –

• ABB
• Bel Fuse
• Eaton
• Littelfuse
• Mersen

Other prominent vendors in the electric fuse market include AVX Corporation, Bourns, Fuji Electric, Legrand, Mitsubishi Electric, Schneider Electric, SCHURTER, and Siemens.

Segmentation by end-user and analysis of the electric fuse market

• Power
• Automotive
• Electrical and electronics
• Industrial

During 2016, the power sector dominated the electric fuse market and accounted for a major part of the overall market share. Factors such as grid revamps and expansion and rise in renewable energy sources are the key contributors to the dominance of this sector in the electric fuse market.

Geographical segmentation and analysis of the electric fuse market

• Americas
• APAC
• EMEA

In this market study, analysts have estimated APAC to dominate the electric fuse market during the forecast period. Factors such as incremental investments in power infrastructure and the growth in the automotive and construction sectors are the major contributors to the dominance of the electric fuse market in the region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global electric fuse market?
• What are the key market trends impacting the growth of the global electric fuse market?
• What are the challenges to market growth?
• Who are the key vendors in the global electric fuse market?
• What are the market opportunities and threats faced by the vendors in the global electric fuse market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global electric fuse market?

Technavio also offers customization on reports based on specific client requirement.

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