Electric and Electronic Fuse Market (2019-2025)
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.
- Published
- Sep 2019
- Pages
- 155
- Format
- PDF + Excel
- Report ID
- MRSE - 104340
- Base year
- 2018
- 2017 · HISTORICAL
- $1.80T
- 2025
- $5.50B
- CAGR 2019–2025
- 6.0%
2017–2018 baseline · 2019–2025 forecast at 6.0% CAGR · hover a bar for the value
Key highlights
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.
Electric fuse segment dominates the global fuse market
Medium voltage segment to dominate the overall fuse 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.
Report summary
| Particulars | Details |
|---|---|
| Base Year | 2018 |
| Estimated Year | 2019 |
| Forecast Period | 2019–2025 |
| Market Size (2025) | USD 5.50 billion |
| CAGR (2019–2025) | 6.0% |
| Format | PDF, Excel & Cloud Portal · 155 pages |
| Segments Covered | 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 Type: Electric, Electronic · By Voltage: Low, Medium |
| Key Companies | Littelfuse, Inc., ABB Ltd., Mersen S.A., Schneider Electric SE, Bel Fuse Inc., Bourns Inc., SCHURTER AG, Eaton Corporation, Siemens AG, SIBA GmbH, Conquer Electronics Co., Ltd., EFEN GmbH, Electronic Technology Co., Ltd., Protectron Electromech Pvt Ltd., Xiamen SET Electronics Co. Ltd., Toubro Limited, Fuji Electric Co., Ltd. |
Report overview
Segments covered: product type, fuse type, voltage range, application, type, voltage.
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.
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.
Report infographic
Table of contents
11 chapters · 89 sections · 155 pages · click to expandSegmental analysis
| Segment | Largest share (2019) | Fastest growth (2019–2025) |
|---|---|---|
| By Product Type | Electric fuse | — |
| By Voltage Range | Medium voltage | — |
| By Application | Utilities application | — |
By Product Type
- Electric fuse segment dominates the global fuse market
- 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.
By Voltage Range
- Medium voltage segment to dominate the overall fuse market
- 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.
By 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.
Geographic analysis
Asia-Pacific
Fastest growthThe 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. Asia Pacific: The fastest growing regional market by Geography India Japan Rest of APAC (RoAPAC) The Asia-Pacific fuse market favors both larger and local manufacturers that compete in multiple segments Recent new product launches, divestitures, partnerships, mergers & acquisitions, expansions, and investments taken place in the elctronic fuse market
Europe
U.K. Germany France Italy Spain Rest of Europe (RoE)
Competitive landscape
- Littelfuse, Inc.
- ABB Ltd.
- Mersen S.A.
- Schneider Electric SE
- Bel Fuse Inc.
- Bourns Inc.
- SCHURTER AG
- Eaton Corporation
- Siemens AG
- SIBA GmbH
- Conquer Electronics Co., Ltd.
- EFEN GmbH
- Electronic Technology Co., Ltd.
- Protectron Electromech Pvt Ltd.
- Xiamen SET Electronics Co. Ltd.
- Toubro Limited
- Fuji Electric Co., Ltd.
Cite this report
Meticulous Research. (2019). Electric and Electronic Fuse Market - Global Opportunity Analysis and Industry Forecasts (2019-2025) (Report No. MRSE - 104340). Meticulous Market Research Pvt. Ltd. https://www.meticulousresearch.com/product/global-fuse-market-5039