Hybrid and Electric Vehicle Fuses Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025

The hybrid and electric vehicle fuses market share is expected to increase to USD 1.48 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 27.49%.

This hybrid and electric vehicle fuse market research report extensively covers hybrid and electric vehicle fuses 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 During the Forecast Period?

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Hybrid and Electric Vehicle Fuses Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the hybrid and electric vehicle fuses market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

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.

Hybrid and Electric Vehicle Fuses Market: Key Drivers, Trends, and Challenges

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 the 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.

Key Hybrid and Electric Vehicle Fuses Market Driver

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.

Key Hybrid and Electric Vehicle Fuses Market Trend

The development of fuses specifically designed for hybrid and electric vehicles is one of the major hybrids 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.

Key Hybrid and Electric Vehicle Fuses Market Challenges

Lack of infrastructure in potential markets is one of the major challenges to the electric vehicle fuse market growth. Unlike conventionally-powered vehicle owners, EV owners do not find more refueling facilities. Inadequate addressing of needs and requirements of establishing an easily accessible recharging network is the primary concern in potential markets. For instance, finding an electric charging infrastructure is the biggest hurdle in India, which is hampering the large-scale adoption of EVs. Mahindra is unable to increase the sales of Reva mainly due to the poor charging infrastructure in India. Electric bikes also failed to witness huge sales in India due to the same reason. Governments play a major role in developing the charging infrastructure. For instance, Europe, Norway, the Netherlands, and Denmark are rapidly progressing with EV subsidies and EV charging developments, whereas countries such as Germany and the UK do not have proper subsidies to enhance the infrastructure developments in proportion to their total EV sales per year and geography.

This hybrid and electric vehicle fuse 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.

Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the hybrid and electric vehicle fuses market during the forecast period.

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.

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

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The hybrid and electric vehicle fuse market share growth by the HEVs segment will be significant during the forecast period. The growth is attributed to the increase in HEVs 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 vehicles fuse market size and actionable market insights on post COVID-19 impact on each segment.

 

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
Key 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 recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data 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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