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Electric Fuse Market size to exceed $4bn by 2025
- Published Date: August 7, 2019
Electric Fuse Market size is set to surpass USD 4 Billion by 2025, as reported in the latest study by Global Market Insights Inc.
Growing regulatory focus toward emission reduction from vehicles coupled with recent developments toward electric mobility will drive the electric fuse industry outlook. In addition, rising production of passenger and commercial vehicles across emerging economies driven by burgeoning demand will stimulate the product adoption.
Enhanced focus of utilities toward the upgradation of ageing electric infrastructure and ensuring grid reliability & security to suffice the peak load demand will stimulate the high voltage electric fuse market outlook. Furthermore, rising efforts to avoid power blackouts & ensuring effective power distribution along with growing inclination of utilities toward economic power protection equipment will complement the business outlook.
Large scale suburban migration across the emerging economies coupled with increasing standards of living has enhanced the commercial electric fuse demand. In addition, robust growth across the hospitality sector, increasing number of shopping complexes has triggered the demand for air conditioners, motors, inverters, thereby augmenting the industry outlook.
Increasing integration of distributed energy sources to the grid to meet the continuously growing power demand from residential & industrial applications will augment the electric fuse market statistics. Long term reliability, high breaking capacity at reasonable cost and limited maintenance requirements are some the prominent parameters encouraging the product adoption. Increasing sophistication of selective disconnection & overcurrent sensing will require smart fuses for disconnecting currents. Propensity to prevent safety hazards including fire and catastrophic failure to the expensive power equipment will further fuel the product demand.
Browse key industry insights spread across 844 pages with 1852 market data tables & 41 figures & charts from the report, “Electric Fuse Market Forecasts By Voltage (Low {<100V, 100V-250V, 250V-400V, >400V}, High {1kV-11kV, 11kV-33kV, >33kV}), Current Rating (<500A, 500A-2000A, 2000-4000A, >4000A), Application (Residential, Commercial, Industrial, Utility) End-Use (Power Transformers, Home Electrical Cabling, Electrical Appliances, Electronic Devices, Automotive, Others) Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2019 - 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/electric-fuse-market
High suitability across extensive range of end use applications including electronics, home appliances, and electrical cabling will foster the low voltage electric fuse industry landscape. Increasing demand for white goods & consumer electronics driven by rising individual per capita income along with rising need to protect sophisticated battery packs utilized in portable products will stimulate the product penetration.
Growing emphasis toward reducing the overload conditions and ensuring reliable and uninterruptible power supply in conjunction with initiatives toward grid modernization to replace the obsolete electric infrastructure will drive North America electric fuse market share. As per the Department of Energy, nearly 70% of the transmission and distribution lines are more than 25 years old. Moreover, favorable government measures toward “deep electrification” of automobiles including buses, electric cars and high-speed rails across the region will significantly impact the business scenario.
Notable participants across the electric fuse market include Littelfuse, ABB, Eaton, Siemens, Schneider, Fuji, Panasonic, General Electric, Pacific Engineering, TE Connectivity, Mitsubishi, Legrand, AVX, Hubbell, Edison Fusegear, Bel Fuse, C&S Electric, Mersen, Larsen & Toubro amongst others.