2020 Electric Fuse Market to amass significant gains from electric vehicles by 2025

According to the electric fuse market forecasts, the revenue valuation of the industry is expected to surpass $4 billion by the year 2025.
Alarming levels of pollution and consequently expanding demand of low-emission vehicles have fueled electric fuse market trends to a substantial magnitude, as technical developments in electric mobility continues. Additionally, escalating manufacturing of commercial and passenger vehicles throughout developing countries will enhance the electric fuse industry outlook. For example, in India, passenger vehicles manufacturing in 2015 was assessed at almost 3.3 million which extended to 3.9 million in 2017.

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Demand of white goods and consumer electronics has increased due to the augmented per capita income. Need to protect complex battery packs being leveraged throughout a spectrum of portable items is likely to offer impetus to low voltage electric fuse market share. Additionally, electric fuse industry size will also be augmented by the capability of electric fuses to offer reliable protection to signal circuits and electrical installations against current overload and short circuit events. Application of convenience systems including automatic controllers, air conditioners, and several onboard devices in vehicles have risen. This is the outcome of continuing progressions in the electric mobility which will supplement considerable growth to electric fuse market share.

Increasing efforts have been noted in lessening power blackouts and ensuring efficient electrical distribution, initiatives which are likely to amplify electric fuse industry trends. Such efforts are being backed by intensifying tendency of utilities toward adoption of cost effective power protection equipment which in turn is expanding high voltage electric fuse market size. Moreover, increasing focus on upgradation and restoration of the ageing power infrastructure to ensure reliability and grid security will enhance the electric fuse industry outlook.

Intensifying need of protection equipment across solenoids, transformers, circuit breakers, lightning blasts, speed drives, motors, and meters will be helpful in accelerating the industrial electric fuse market growth. Essential overload protection devices have witnessed increase in demand owing to the need of reducing cost incurred for fixing high-priced power equipment. Overload protection devices help to avoid fire hazards and other disastrous failures. Furthermore, high breaking capacity, long-term reliability, and limited maintenance requirements are among some of the leading parameters which may help to surge the adoption of electric fuses.
There has been rapid development in continuing interconnection and growth of the current grid infrastructure. In Asia Pacific region, there is robust demand for electricity from the residential and commercial establishments which will escalate the Asia Pacific electric fuse market size. Governments have been putting more effort to ensure reliable and continuous power supply. Also, efforts to eradicate monetary shortfalls incurred due to prolong power blackouts and downtime of facilities is going to be proved as a major factor strengthening electric fuse industry forecasts.

North America electric fuse market share is likely to witness substantial gains over 2019-2025 due to rising emphasis on reduction of overload conditions. The regional industry will also grow due to inclination to ensure uninterrupted and reliable power supply along with the amplifying initiatives toward grid modernization in place of obsolete electric infrastructure. According to the Department of Energy, almost 70% of the transmission and distribution lines are over 25 years old. Additionally, governments have been taking significant measures toward deep electrification of automobiles including electric cars, high-speed rails, and buses throughout the North America. Such favorable factors in the region will considerably impact electric fuse industry scenario.

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Several electric fuse market participants have also been playing a major role in the advancement of industry trends. Some of the notable participants include ABB, Littelfuse, Eaton, Schneider, Siemens, Fuji, General Electric, Panasonic, Pacific Engineering, Mitsubishi, TE Connectivity, Legrand, and Larsen & Toubro among others.

Report Content

Chapter 1 Methodology & Scope
Chapter 2 Executive Summary
Chapter 3 Global Electric Fuse Industry Insights
Chapter 4 Global Electric Fuse Market, By Voltage
Chapter 5 Global Electric Fuse Market, By Current Rating
Chapter 6 Global Electric Fuse Market, By Application
Chapter 7 Global Electric Fuse Market, By End-use
Chapter 8 Global Electric Fuse Market, By Region

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