Electric and Electronic Fuse Market by Type (Electric and Electronic), by Fuse Type (Power Fuse and Fuse Link, Distribution Cutouts, Cartridge and Plug Fuse), Voltage (Low, Medium), and Application (Utilities, Industrial, Residential, Commercial) - Global Forecast to 2025

The Electric and Electronic Fuse Market is expected to grow at a CAGR of 6.0% from 2019 to reach $5.5 billion by 2025. Factors such as pouring investment for more power generation, strong growth in the electronics industry, and revolutionary reforms in the global railway industry are driving the demand for electric and electronic fuse across the globe.

Pouring investment for more power generation

Demand for electricity is seeing a steady growth with a pick-up in the economy, increasing manufacturing activity, and promising government policy. The governments across the globe are implementing several cutting-edge measures including 24x7 power with maximizing power generation capacity and upgradation of existing distribution infrastructures. Also, the electricity generation, transmission, distribution, and trading are expected to witness the rapid evolution with continuous technological development and investment in the field of power generation.

According to International Energy Association, global energy investment totalled more than USD 1.8 trillion in 2017. Out of these, more than USD 750 billion spent on the electricity sector while the remaining USD 715 billion was spent on oil and gas supply worldwide. Moreover, according to the Statistical Review of World Energy Report 2018, the power generation witnessed a surge by 2.8% with almost 94% growth came from emerging economies in the last 10 years. Out of total energy generated, renewable energy accounted for the highest share of 49% which represents almost half of the total power generation. The fuse in power generation and distribution is extensively used to disconnect the power supply from a defective system, providing vital overload and short-circuit protection. Thus, as a vital component in an electric system, increasing investment in the power generation and associated infrastructure is fueling the growth of the global fuse market.

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Key findings in the Global Electric and Electronic Fuse Market study:

Electric fuse segment dominates the global fuse market

Based on product type, fuse market is segmented into electric fuse and electronics fuse. Electric fuse segment is estimated to command the largest share of the global fuse market in 2019, owing to huge consumption of electric fuses in electric transmission & distribution networks and circuit & motor protection. Also, factors such as increasing per capita energy consumption and growing investment in the power generation sector further supports the growth of electric fuse market. However, the electronic fuse market segment is estimated to witness the rapid growth during the forecast period, mainly due to strong growth in the electronics industry. Electronic fuses are increasingly used to protect circuits in the limited space requirements in electronic equipment such as consumer electronics, computers, instrumentation, power supplies, and telecommunication equipment.

Power fuse and fuse links holds the largest share of the global electric fuse market

Based on fuse type, the global fuse market comprise of power fuse & fuse link, distribution cutout, cartridge & plug fuse, and others. Due to increasing industrial applications of power fuse and fuse links; and growing demand for medium voltage fuses in the transformers, transmission, and distribution networks as well as in the renewable energy generation and distribution, the power fuse and fuse link segment is estimated to hold the largest share of the overall fuse market in 2019.

Medium voltage segment to dominate the overall fuse market

Based on voltage range, fuse market is categorised into low voltage, medium voltage, and high voltage fuses. The medium voltage fuse segment is estimated to command the largest share of the overall fuse market in 2019. The largest share of this segment is mainly due to growing investment in the electricity generation and development of the electricity transmission and distribution networks along with the high replaceability of medium voltage fuses.

Utilities application segment dominates the overall electric fuse market

Based on application, fuse market is segmented into utilities, industrial, residential, commercial, transportation, and others. Utilities application segment is estimated to command the largest share of the global fuse market in 2019, owing to the increasing investment in the electricity generation, transmission, distribution; and short life span and low replaceability cost of fuses used in utilities segment.

Asia Pacific: The fastest growing regional market

The Asia-Pacific region is expected to witness a rapid growth during the forecast period, which is mainly attributed to increasing per capita consumption of electricity due to growing urbanization and industrialization, construction sector, and demand for advanced electric and electronic appliances. Further, strong manufacturing base and rising investment for power generation and development of electricity infrastructure in the developing countries of the region further boost the growth of electric and electronic fuse market. China is expected to dominate the Asia Pacific market through 2025 with the highest CAGR.

Electric and Electronic Fuses Market Key Players:

The report includes competitive landscape based on extensive assessment of the key strategic developments adopted by the leading market participants in the industry over the past 5 years (2015-2019). Some of the key players operating in the global fuse market are Littelfuse, Inc. (U.S.), ABB Ltd. (Switzerland), Mersen S.A. (France), Schneider Electric SE (France), Bel Fuse Inc. (U.S.), Bourns Inc. (U.S.), SCHURTER AG (Switzerland), Eaton Corporation Plc (Ireland), Siemens AG (Germany), SIBA GmbH (Germany), Conquer Electronics Co., Ltd. (China), EFEN GmbH (Germany), Hollyland (China) Electronic Technology Co., Ltd. (China), Protectron Electromech Pvt Ltd. (India), Xiamen SET Electronics Co. Ltd. (China),Larsen & Toubro Limited (India), G&W Electric Company (U.S.), and Fuji Electric Co., Ltd. (Japan).

Scope of Electric and Electronic Fuses Market Report:

by Product Type             

• Electric Fuse
• Electronic Fuse

by Fuse Type           

• Power Fuse & Fuse Link
• Distribution Cutout
• Cartridge & Plug Fuse
• Others

by Voltage Range             

• Low
• Medium
• High

by Application 

• Utilities
• Industrial
• Residential
• Commercial
• Transportation
• Others

by Geography

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe (RoE)
• Asia-Pacific (APAC)
  • China
  • India
  • Japan
  • Rest of APAC (RoAPAC)
• Rest of World
  • Latin America
  • Middle East and Africa

Key questions answered in Electric and Electronic Fuses Market report:

Growing utilities application helps to drive the adoption of electric fuses

• How does the adoption of fuse in utilities application segment differ from the adoption in industrial application segment?
• Which are the high growth market segments in terms ofproduct type, fuse type, voltage, and regions/countries?

The Asia-Pacific fuse market favors both larger and local manufacturers that compete in multiple segments

• Who are the top competitors in this market and what strategies do they employ to gain shares?
• What is driving the growth and which market segments have the most potential for revenue expansion over the forecast period?
• What strategies should new companies looking to enter this market use to compete effectively?
• What are the major drivers, restrains, challenges, and opportunities in the global fuse market?
• Who are the major players in various countries and what share of the market do they hold?
• What are the geographical trends and high growth regions/ countries?

Recent new product launches, divestitures, partnerships, mergers & acquisitions, expansions, and investments taken place in the elctronic fuse market

• What companies have recently merged/acquired in various countries across the globe and how will these unions affect the competitive landscape of the fuse market?
• Which companies have created partnerships and how will these partnerships promote a competitive advantage?
• Who are the major players in the global fuse market and what share of the market do they hold?
• Who are the local emerging players in the fuse market and how do they compete with the global players?