Press release
Electric Fuse Market Expected to Rise at a CAGR of 7.7% and Surpass $9,246.3 Million during the Forecast Period from 2022 to 2031
Electric Fuse Market
The global electric fuse market is projected to witness prominent growth over the forecast period due to the growing consumption of electricity and the increasing global investments in energy sources to generate electricity. The Asia-Pacific region is estimated to witness better growth opportunities in the analysis period.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐ง๐จ๐ฐ @ https://www.researchdive.com/download-sample/3687
๐๐ฒ๐ง๐๐ฆ๐ข๐๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ซ๐ค๐๐ญ
The increasing consumption of electricity due to the growing population and the rising global investments in energy sources for electricity generation are the prime factors expected to drive the growth of the global electric fuse market during the analysis period. In addition, the government's rising investment in smart cities and its optimistic policies are also estimated to boost the market growth by 2031. Moreover, the growing need for planned power generation across several nations and upgradations in the medium voltage-substations and feeder line protection are some of the factors predicted to offer abundant growth opportunities for the global electric fuse market during the forecast period. However, smart grid vision and other alternatives like miniature circuit breaker (MCBs) and molded case circuit breaker (MCCBs) may impede market growth.
๐๐ฆ๐ฉ๐๐๐ญ ๐จ๐ ๐๐๐๐๐-๐๐ ๐จ๐ง ๐ญ๐ก๐ ๐๐๐ซ๐ค๐๐ญ
The COVID-19 catastrophe moderately impacted the global electric fuse market. Worldwide economic contractions led to halted investments from several end-use industries that is one of the main reasons for the market's collapse. Additionally, the mining industry slumped due to the pandemic, which indirectly affected the global market due to the lack of availability of essential metals.
๐๐๐ ๐ฆ๐๐ง๐ญ๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ซ๐ค๐๐ญ
The report has divided the electric fuse market into a few segments based on voltage, end-use, and regional analysis.
By voltage, the medium sub-segment is anticipated to hold a dominant market share and during the 2022-2031 timeframe due to constant construction of transmission and distribution networks and high replaceability of electric fuses. Moreover, the wide range of end-users of medium voltage fuses like transformers and substations, electric utilities, distribution networks, oil and gas industry, etc. are also responsible for bolstering the sub-segment's growth.
By end-use, the transportation sub-segment is estimated to have the fastest growth rate by 2031 due to high demands of electric fuses in the sector and rapid development and growth in the railway industry. Moreover, rapid commercialization of transportation infrastructures like metros and electric buses, trains in smart cities is also propelling electric fuses' demand, thus further augmenting the sub-segment's growth.
By region, the Asia-Pacific electric fuse market is predicted to witness more growth opportunities during the forecast period. This immense growth is attributed to the increasing per capita electricity consumption, rapid urbanization and industrialization, and the growing demand for improved electric equipment in the region. Furthermore, the strong manufacturing base and rising investments in the renewable energy sector is also projected to uplift the market growth in the Asia-Pacific region by 2031.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง @ https://www.researchdive.com/request-for-customization/3687
๐๐ซ๐จ๐ฆ๐ข๐ง๐๐ง๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
Some of the top players of the global electric fuse market are ABB Ltd., Schneider Electric SE, Siemens AG, Fuji Electric Co., Ltd, Littelfuse, Inc., Eaton Corporation Plc, Mersen S.A, SCHURTER AG, Bel Fuse Inc., and Conquer Electronics Co., Ltd. These players are applying various strategies to gain a competitive edge and strong hold in the global industry.
๐๐จ๐ง๐ญ๐๐๐ญ:
๐๐ซ. ๐๐๐ก๐ข๐ฌ๐ก๐๐ค ๐๐๐ฅ๐ข๐ฐ๐๐ฅ
๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐ข๐ฏ๐
๐๐ ๐๐๐ฅ๐ฅ ๐๐ญ. ๐๐ญ๐ก ๐ ๐ฅ๐จ๐จ๐ซ, ๐๐๐ฐ ๐๐จ๐ซ๐ค ๐๐ ๐๐๐๐๐
(๐) +๐๐-(๐๐๐)-๐๐๐-๐๐๐๐ (๐๐ง๐๐ข๐)
๐๐จ๐ฅ๐ฅ ๐ ๐ซ๐๐: ๐-๐๐๐-๐๐๐-๐๐๐๐
๐-๐ฆ๐๐ข๐ฅ: support@researchdive.com
๐๐๐๐ฌ๐ข๐ญ๐: https://www.researchdive.com
๐๐๐จ๐ฎ๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐ข๐ฏ๐:
Research Dive maintaining the integrity and authenticity of the services, the firm provides services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With unprecedented access to several paid data resources, a team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable.
Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive delivers the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Electric Fuse Market Expected to Rise at a CAGR of 7.7% and Surpass $9,246.3 Million during the Forecast Period from 2022 to 2031 here
News-ID: 3622000 • Views: โฆ
More Releases from Research Dive
Electronic Data Management Market Expected to Rise Progressively by 2031 Due to โฆ
The global electronic data management market is expected to witness significant growth by 2031, owing to the rising applications of electronic data management in the industrial sector. The North America region was the most dominant in 2021.
As per the report published by Research Dive, the global electronic data management market is projected to garner a revenue of $19,289.5 million and rise at a stunning CAGR of 12.2 % duringโฆ
Gastric Cancer Market Predicted to Make a Strong Comeback after the Pandemic Deb โฆ
The global gastric cancer market is predicted to observe significant growth by 2031, owing to the increasing pervasiveness of gastric cancer among people worldwide. The Asia-Pacific region generated the highest market share in 2021.
As per the report published by Research Dive, the global gastric cancer market is envisioned to garner a revenue of $10,737.00 million and grow at a fascinating CAGR of 17.9% over the estimated timeframe fromโฆ
Off Grid Solar Market to Exhibit 12.3% CAGR and Generate $5,825.80 Million by 20 โฆ
As per the report published by Research Dive, the global off grid solar market is predicted to generate a revenue of $5,825.80 million and grow at a stunning CAGR of 12.3% during the analysis timeframe from 2022 to 2031.
The global off grid solar market is predicted to witness prominent growth by 2031, owing to the increasing demand for electricity independence across the globe. The Asia-Pacific region garneredโฆ
Roofing Materials Market to Garner a Revenue of $186.7 Billion and Exhibit a 4.3 โฆ
As per the report published by Research Dive, the global roofing materials market is expected to register a revenue of $186.7 billion by 2031, at a CAGR of 4.3% during the forecast period 2022-2031.
The global roofing materials market is expected to grow primarily due to the growing need for waterproofing roofing materials. Re-roofing sub-segment is expected to flourish immensely. The Asia-Pacific region is predicted to grow at a highโฆ
More Releases for Electric
Electrical Isolators Market 2023: Mitsubishi Electric, Orient Electric, Schneide โฆ
The Electrical Isolators Market size (volume and value) and industry chain structure published by The Insight Partners through its high quality database which is a valuable source of guidance and direction for companies and individual interested in the industry.
An electrical isolator is a material in which electric current does not flow freely. The atoms of the insulator have tightly bound electrons which cannot readily move. Other materials, semiconductors and conductorsโฆ
Electric Motors for Electric Vehicle Market by Manufacturers: Hitachi Automotive โฆ
Electric Motors for Electric Vehicle Market research report analyzes and studies the Electric Motors for Electric Vehicle Market's production, value, financial status, and capacity. It also provides information about market share and development plans during the projected period. Moreover, the Electric Motors for Electric Vehicle Market research report provides data about key manufacturers and focuses on the market competition landscape by analyzing the market by application, product type, and region.
Clickโฆ
Thermal Overload Relay Market 2021 Precise Outlook - ABB, Schneider Electric, Ea โฆ
Global Thermal Overload Relay Market Size, Status and Forecast 2021
The Global Thermal Overload Relay Market report offers in-depth information and comprehensive analysis of the market. It provides a complete overview of the market with detailed insights on key aspects including the current market situation, potential size, volume, and dynamics of the market. This research report makes a thorough assessment of the COVID-19 pandemic and its impact on the current marketโฆ
Global Electric Motors for Electric Vehicles Market 2025 | MAHLE GmbH, Protean E โฆ
Researchmoz added Most up-to-date research on "Global Electric Motors for Electric Vehicles Market Insights, Forecast to 2025" to its huge collection of research reports.
This report presents the worldwide Electric Motors for Electric Vehicles market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunitiesโฆ
Yokogawa Electric, General Electric Profiled in Smart Factory Solutions Market 2 โฆ
Global Smart Factory Solutions Market which focuses on effective strategies of the business framework. It highlights the recent market trends stringent energy regulations and growing pressure to conform to energy efficiency. The research methods and tools used to analyze the studies are both primary and secondary research.
This market research report on analyzes the growth prospects for the key vendors operating in this market space including Siemens, ABB, Honeywell International, Yokogawaโฆ
Global Quartz Heat Lamps Market 2017 : Indu Electric Gerber, Schneider Electric, โฆ
The Market Research Store report offers majority of the latest and newest industry data that covers the overall market situation along with future prospects for Quartz Heat Lamps market around the globe. The research study includes significant data and also forecasts of the global market which makes the research report a helpful resource for marketing people, analysts, industry executives, consultants, sales and product managers, and other people who are inโฆ
