Hybrid and Electric Vehicle Fuses Market by Application and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR44484
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The hybrid and electric vehicle fuses market has the potential to grow by USD 1.48 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 27.49%.

This hybrid and electric vehicle fuses market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by application (HEVs and BEVs) and geography (APAC, Europe, North America, South America, and MEA). The hybrid and electric vehicle fuses market report also offers information on several market vendors, including ADLER Elektrotechnik Leipzig GmbH, Eaton Corp. Plc, Littelfuse Inc., Mersen SA, Pacific Engineering Corp., SCHURTER Holding AG, SENSATA TECHNOLOGIES HOLDING PLC, SOC Corp., and Zhejiang Xinli Fuse Co. Ltd. among others.

What will the Hybrid and Electric Vehicle Fuses Market Size be in 2021?

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Hybrid and Electric Vehicle Fuses Market: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increasing electronic content in hybrid and electric vehicles is notably driving the hybrid and electric vehicle fuses market growth, although factors such as refurbished and counterfeit products may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the hybrid and electric vehicle fuses industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

  • The increasing electronic content owing to the rising adoption of hybrid and electric vehicles is one of the key factors fueling the hybrid and electric vehicle fuses market growth.
  • With the rising electrification of automotive parts and components, the demand for automotive fuses has increased considerably in recent years.
  • Modern vehicles are equipped with electronic systems, including the GPS navigation system, reverse camera monitors, keyless entry, and other systems, which offer convenience to end-users.
  • The rampant electrification of features in automobiles will eventually increase the number of fuses used per vehicle, leading to the continuous growth of the hybrid and electric vehicle fuses market size in the forthcoming years.
  • The development of fuses specifically designed for hybrid and electric vehicles is one of the major hybrid and electric vehicle fuses market trends that are gaining traction.
  • With the growing demand for electric vehicles, vendors in the automotive fuses market are focusing on introducing products designed specifically for several applications in electric vehicles.
  • Automotive fuse manufacturers including Eaton are introducing fuses designed to protect sensitive equipment such as high voltage high capacity batteries, power conversion equipment, and other auxiliary circuits in electric and hybrid vehicles.
  • Advanced fuses require 48% less space and weigh 50% less compared to conventional fuses, becoming a viable choice for adoption in electric vehicles.

This hybrid and electric vehicle fuses market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Hybrid and Electric Vehicle Fuses Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • ADLER Elektrotechnik Leipzig GmbH
  • Eaton Corp. Plc
  • Littelfuse Inc.
  • Mersen SA
  • Pacific Engineering Corp.
  • SCHURTER Holding AG
  • SENSATA TECHNOLOGIES HOLDING PLC
  • SOC Corp.
  • Zhejiang Xinli Fuse Co. Ltd.

 

This statistical study of the hybrid and electric vehicle fuses market encompasses successful business strategies deployed by the key vendors. The hybrid and electric vehicle fuses market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The hybrid and electric vehicle fuses market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Hybrid and Electric Vehicle Fuses Market?

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45% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for hybrid and electric vehicle fuses in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

 The high production and sales of EVs and components will facilitate the hybrid and electric vehicle fuses market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Application Segments in the Hybrid and Electric Vehicle Fuses Market?

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The hybrid and electric vehicle fuses market share growth by the HEVs segment will be significant during the forecast period. Aggressive promotion by manufacturers by introducing a wide range of models is one of the key factors contributing to the high market share of the HEVs segment. However, the growth of the market in focus in this segment is highly dependent on the adoption of PHEVs, as the number of fuses used in PHEVs is more than other types of HEVs. PHEVs are similar to full HEVs but have the added advantage of battery charging from an external power source. These HEVs are witnessing an increase in adoption owing to their affordability and partly in response to the new fuel emission reduction policies put forth by the US and countries in Europe and Asia

This report provides an accurate prediction of the contribution of all the segments to the growth of the hybrid and electric vehicle fuses market size and actionable market insights on post COVID-19 impact on each segment.

 

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What are the Key Factors Covered in this Hybrid and Electric Vehicle Fuses Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive hybrid and electric vehicle fuses market growth during the next five years
  • Precise estimation of the hybrid and electric vehicle fuses market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the hybrid and electric vehicle fuses industry across APAC, Europe, North America, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of hybrid and electric vehicle fuses market vendors

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Hybrid And Electric Vehicle Fuses Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 27.49%

Market growth 2021-2025

$ 1.48 billion

Market structure

Fragmented

YoY growth (%)

25.14

Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 45%

Key consumer countries

China, US, Norway, Germany, and Japan

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

ADLER Elektrotechnik Leipzig GmbH, Eaton Corp. Plc, Littelfuse Inc., Mersen SA, Pacific Engineering Corp., SCHURTER Holding AG, SENSATA TECHNOLOGIES HOLDING PLC, SOC Corp., and Zhejiang Xinli Fuse Co. Ltd.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The hybrid and electric vehicle fuses market growth will increase by $1414.49 million during 2019-2024.
The hybrid and electric vehicle fuses market is expected to grow at a CAGR of 24.85% during 2019-2024.
Technavio has segmented the hybrid and electric vehicle fuses market by application (HEVs and BEVs) and geographic (APAC, North America, Europe, South America, and MEA).
ADLER Elektrotechnik Leipzig GmbH, AEM Components (USA) Inc. , Eaton Corporation Plc, Littelfuse Inc., Mersen Corporate Services SAS, Pacific Engineering Corp., SCHURTER Holding AG, Sensata Technologies Holding Plc, SOC Corp., Zhejiang Xinli Fuse Co. Ltd. are a few of the key vendors in the hybrid and electric vehicle fuses market.
APAC will register the highest growth rate of 52.72% among the other regions. Therefore, the hybrid and electric vehicle fuses market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the hybrid and electric vehicle fuses market growth are:
  • Increasing electronic content in hybrid and electric vehicles
  • Replacement of fuses with circuit breakers
The hybrid and electric vehicle fuses market vendors should focus on grabbing business opportunities from the hevs segment as it accounted for the largest market share in the base year.
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