Global Electric Fuse Market 2019 - 2025
発行: Orion Market Research Pvt Ltd
Global Electric Fuses Market Size, Share & Trends Analysis Report by Type (Cartridge & Plug Fuse, Power Fuse & Fuse Link, and Distribution Cut-outs), by Voltage (Low Voltage and High Voltage), by End-User Market (Industrial, Residential, Commercial, Transportation, and Others)
An electrical fuse is a safety device which is used in an electrical circuit in order to give protection to the circuit from overcurrent. A fuse comprises of a metal wire, which melts during the high flow of current and thus restricts the current to flow in the circuit. Factors which are augmenting the market include increasing infrastructural development and rising demand for luxurious vehicles globally. High adoption of the smart grid is also expected to augment the market. However, adoption of a circuit breaker is hampering the growth of the market during the forecast period.
The global electric fuse market is segmented on the basis of type, voltage, and end-user market. Based on the type, the market is segmented into cartridge & plug fuse, power fuse & fuse link, and distribution cut-outs. Based on the voltage, the market is divided into low voltage and high voltage electric fuse. By end user, the market is segmented into industrial, residential, commercial, transportation, and others. The global electric fuse market is further segmented on the basis of geography including North America, Europe, Asia-Pacific and Rest of the World. North America is expected to have a significant share due to huge investment in infrastructure, especially in the commercial sector. Major countries which will have a considerable market in Europe are the UK, Germany, France, Spain, and Italy. Continues development toward the availability of electricity due to infrastructural development is one of the major factors rising demand for an electric fuse in the Asia-Pacific region.
The major players that contribute to the growth of the global electric fuses market include ABB Ltd., Bel Fuse Inc., Eaton Corp., G&W Electric Co., Hubbell Inc., Legrand SA, Littelfuse, Inc., Mersen Corporate Services SAS, S&C Electric Co., Schneider Electric SE, Schurter Inc., and Siemens AG. These companies are significantly contributing to the market growth. The companies are adopting various strategies such as product launch, merger & acquisitions, and various others to stay competitive in the market. In December 2018, Schurter, Inc. has extended its product portfolio of the SHF 6.3x32 Series Ceramic Fuses. The company now offers in 19 rated currents ranging from 500 mA to 32 A. The new included current rating is 500 mA, 630 mA, and 800 mA versions.
The market study of the global electric fuse market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity in our reports.
The report is intended for electric fuse manufacturer, government organizations, energy companies, vehicle manufacturer for overall market analysis and competitive analysis. The report provides in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.