Emerging Construction Industry is leading to the expansion of Global Electric Fuse Market

The significant rise in the global electric fuse market is due to increase electric consumption, increasing electrification of different industry, increasing global investments in cities & renewable energy resources. With improving economy, industry activity, demand for electric steadily. Government putting in place variety of cutting-edge activity, providing 24x7 power, upgrading current distribution infrastructure. Further technological advancements & investments in the sector of power and energy transformation are more likely to see rapid transformation.

According to Marketlook Consulting’ research report “Global Electric Fuse Market Analysis, 2021”, the Global electric fuse market is anticipated to grow at a CAGR 6.55% during 2022-29 The market would reach to $ 7,848 Mn by 2029.

Based on type, the market is bifurcated into power fuse & fuse link, cartridge & plug fuse, distribution cutout and others. The power fuse & fuse link dominated the market from transmission & distribution networks, transformer, circuit & motor protection. The fuse link is designed with high rupturing capacity so that the current flows in specific standards. These fuses are much less expensive thus, they comprise huge market share.

Based on Application, market is segmented into electric utility, residential, commercial, industrial, transportation. The electric utility offers the largest market for electric fuse due to ongoing transmission; upgradation of grid infrastructure is expected to increase the demand for electric fuse.

“Global Electric Fuse Market Analysis, 2021” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Electric Fuse providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of go to Market Strategies and identifying the blue ocean for its offerings.      

Asia Pacific Dominated the Market

Based on Leading regions, Asia Pacific dominated the global Asia Pacific market in 2021 and is projected to maintain its dominance during the forecasted period 2021-29. Asia Pacific has high potential in the market owing to increased manufacturing & industrial units. The government is undertaking projects to upgrade the old substations to new transmissions & distribution network, as stated in Marketlook Consulting research report “Global Electric Fuse Market Analysis, 2021”. 

According to Marketlook Consulting’, the key players with a considerable market share in the global electric fuse market are Siemens AG, ABB Ltd., Schneider Electric SE, Bel Fuse Inc., Conquer Electronics Company Ltd., Fuji Electronic Co. Ltd., Eaton Corporation Plc, SCHURTER AG, Mersen S.A., Littelfuse Inc., Bel Fuse Inc.

Market Segmentation:

1. By Type (Power Fuse & Fuse Link, Cartridge & Plug Fuse, Distribution Cutout, Others)
2. By Application (Electric Utility, Residential, Commercial, Industrial, Transportation)
3. By Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa)
4. By Company (Siemens AG, ABB Ltd., Schneider Electric SE, Bel Fuse Inc., Conquer Electronics Company Ltd., Fuji Electronic Co. Ltd., Eaton Corporation Plc, SCHURTER AG, Mersen S.A., Littelfuse Inc., Bel Fuse Inc.)

Key questions answered in the study:

1. What are the current and future trends of the electric fuse industry?
2. How the industry has been evolving in terms of type demand and application areas?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the electric fuse industry?
5. What is the customer orientation, purchase behavior, and expectations from the electric fuse companies across various regions?