Global Electric Fuse Market, By Type (Cartridge Fuse, Distribution Circuit, Power Fuse, and Others),

Published Date: | Report Code : EP1910796

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Global Electric Fuse Market, By Type (Cartridge Fuse, Distribution Circuit, Power Fuse, and Others), By End-Use Industry (Transportation, Commercial, Residential, Industrial, and Others), By Region (North America, Eastern Europe, Western Europe, Asia Pacific, Middle East, Rest of the World) – Market Size & Forecasting (2016-2028)

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Domain : Energy

Report Code : EP1910796

Status : Upcoming

Electric Fuse Market is expected to promise high growth owing to increasing demand for electronic devices around the world in the recent years. Increasing demand from End-Use industries / Applications including transportation, commercial, residential, and industrial is expected to drive the growth of thermal energy storage market. This market has witnessed number of key developments by major companies including ABB, Bel Fuse, Eaton, Liittlefuse, and Mersen with focus on organic as well as inorganic growth strategies.  Developing regions including Asia Pacific and Middle East have been among the high potential markets with high growth in some of the key economies. An electric fuse is a device, which prevents overload to the electronic circuit connected to electronic devices. These types of fuses are made of alloys of silver, copper, and tin, which melts when heated to higher temperatures. Electric components used in automobile necessitate the use of electric fuse. These electric fuses reduce and manage electric load on home appliances, industrial machinery, and electronic tools from improper current fluctuations.

Segment Analysis

Moreover, the use of high infotainment systems increases the use of fuses in luxury vehicles. The power fuse type segment of the electric fuse market is driven by the high demand for medium voltage fuses in transformers, circuits, and for motor protection. They are widely used due to the low replacement cost of fuses. As a result of their wide use in vehicles there will be a high demand for electrical fuses during the forecast period. These fuses are used mostly in the Asia Pacific region.

Key Factors Impacting Market Growth:

  • Increasing demand for electronic devices around the world
  • High demand of circuit breakers

Regional Outlook:

The regional outlook for electric fuse market provides detailed information for markets including North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, and Rest of the World. North America and Western Europe are estimated to be key regions for electric fuse market during the forecast period. Being one of the industrialized regions, the energy & power sector is key to the operations of various industries in this region. This is one of the important factors governing the growth of electric fuse market in these regions. Some of the major countries covered in this region include US, Germany, UK, France, Italy, Canada, and so on. 

Asia Pacific is estimated one of the fastest growing regions for electric fuse market during the forecast period. Some of the fastest growing economies and increasing demand for energy & power to cater high population & industries is expected to drive the demand in this region. China and India are projected to register major demand during the forecast period. Middle East that includes UAE, Saudi Arabia, Iran, Qatar, and others promises high market potential during the forecast period. Rest of the World including South America and Africa are emerging regions in terms of market demand during the forecast period.

Companies Covered: ABB, Bel Fuse, Eaton, Liittlefuse, and Mersen…

Market Segmentation:

By Type:

  • Cartridge Fuse
  • Distribution Circuit
  • Power Fuse
  • Others

By End-Use Industry:

  • Transportation
  • Commercial
  • Residential
  • Industrial
  • Others

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Type
    • By End-Use Industry
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Europe)
    • By Type
    • By End-Use Industry
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Type
    • By End-Use Industry
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Type
    • By End-Use Industry
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Type
    • By End-Use Industry
  • Rest of the World
    • By Region (South America, Africa)
    • By Type
    • By End-Use Industry

Reasons To Buy This Report:

  • Market size estimation of the electric fuse market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country

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