Electrical Fuses Market: Key Players and Production Information analysis 2024
A TMR analyst says, “Leading manufacturers of electrical fuses are increasingly investing in research and development activities to minimize the size of fuses they produce as well as improve their overall performance. Moreover, they are also focusing on adopting green materials to make the application of electrical fuses more widespread.” Thus, with the emergence of local players, the North America electrical fuses market is expected to witness the advent of more eco-friendly products.
Obtain Report Details @
North America witnesses a considerably high demand for electricity. The region being the forerunner in several technological advancements, provides lucrative opportunities for electrical fuses manufacturers to capitalize on. Furthermore, the rapid economic growth and the increasing population in North America will also augur well for the market’s future. Besides this, governments in this region are also focusing on upgrading installed capacities in power infrastructure in order to meet the surging demand for electricity. Since electronic devices are vulnerable to failure due to power fluctuations, policy makers in North America have mandated the use of quality electrical fuses. Fuelled by these factors, the sales of electrical fuses is expected to remain robust in North America.
According to TMR, the growth exhibited by the construction and automotive industries in North America will subsequently spur the demand for electrical fuses. Considerable investments by vehicle manufacturers in EVs and hybrid cars will also cause an upswing in the consumption of electrical fuses across the automotive sector.
Download Table of Content @
However, the advent of counterfeit switchgears threatens the market’s growth in North America. The rising penetration of illegal manufacturers of similar looking products will create a major bottleneck for the market. This presence of counterfeit products is expected to adversely impact the profitability of original switchgear manufacturers.
Established players currently enjoy a stronghold in the North America electrical fuses market. However, since the last few years local players from emerging nations have been penetrating mature markets by providing low-cost electrical fuses. Products from local manufacturers have found wide acceptance across developed markets because of their associated benefits such as features equivalent to their international counterparts and low price. This has compelled international players to slash their product prices in order to defend their market share. The prevalence of such intense price-based competition will create further challenges for the manufacturers of electrical fuses.
Between 2016 and 2024, TMR expects the demand for electric vehicles and solar energy to increase significantly in North America. Since electrical fuses protect electronic components from overheating, their application in electrical and hybrid vehicles will increase considerably. Competitive strategies adopted by leading market players will also push sales of electrical fuses upward in North America.
Request A Sample Of Report @
The U.S. currently exhibits the most lucrative opportunities for manufacturers and suppliers of electrical fuses in the region. TMR forecasts that the electrical fuses market in this country will exhibit a CAGR of 5.9% during the aforementioned forecast period. Favorable policies will further promote the sales of electrical fuses in this country. The U.S. led the North America electrical fuses market in 2015, followed by Canada and Mexico.
TMR has pegged the valuation of the North America electrical fuses market at US$1.8 bn in 2015. Rising at a positive CAGR of 6.0% between 2016 and 2024, the market is expected to reach US$3.09 bn by the end of 2024. By volume, the market stood at 43.5 million units in 2015 and is expected to reach 60.8 million units by 2024, exhibiting a CAGR of 3.8% during the forecast period.
This review is based on analysis published by TMR in a report, titled “Electrical Fuses Market - North America Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024”
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
USA – Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
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 Electrical Fuses Market: Key Players and Production Information analysis 2024 here
News-ID: 785224 • Views: 97
More Releases from Transparency Market Research
Dielectric Gases Market Shares, Strategies and Opportunities 2027
Overview TMR’s report on the Dielectric Gases Market is an all-important tool for market stakeholders in their pursuit to discover avenues for innovation, and further undertake strategic planning for the launch of products and services. Our research report on the Dielectric Gases market serves as a valuable guide for market stakeholders. The report deep dives into demand drivers, challenges, and opportunities that are likely to influence the Dielectric Gases market over the
Oxalic Acid Market Size will Observe Lucrative Surge by the End 2027
Overview TMR’s report on the Oxalic Acid Market is an all-important tool for market stakeholders in their pursuit to discover avenues for innovation, and further undertake strategic planning for the launch of products and services. Our research report on the Oxalic Acid market serves as a valuable guide for market stakeholders. The report deep dives into demand drivers, challenges, and opportunities that are likely to influence the Oxalic Acid market over the
Long Fiber Thermoplastics Market Shares, Strategies and Opportunities 2027
Overview TMR’s report on the Long Fiber Thermoplastics Market is an all-important tool for market stakeholders in their pursuit to discover avenues for innovation, and further undertake strategic planning for the launch of products and services. Our research report on the Long Fiber Thermoplastics market serves as a valuable guide for market stakeholders. The report deep dives into demand drivers, challenges, and opportunities that are likely to influence the Long Fiber Thermoplastics
High Performance Foaming Agents Market Size will Observe Lucrative Surge by the …
Overview TMR’s report on the High Performance Foaming Agents Market is an all-important tool for market stakeholders in their pursuit to discover avenues for innovation, and further undertake strategic planning for the launch of products and services. Our research report on the High Performance Foaming Agents market serves as a valuable guide for market stakeholders. The report deep dives into demand drivers, challenges, and opportunities that are likely to influence the High
More Releases for North
Agrochemicals Market in North America
ReportsWorldwide has announced the addition of a new report title North America: Agrochemicals: Market Intelligence (2016-2021) to its growing collection of premium market research reports. The report “North America: Agrochemicals: Market Intelligence (2016-2021)” provides market intelligence on the different market segments, based on type, active ingredient, formulation, crop, and pest. Market size and forecast (2016-2021) has been provided in terms of both, value (000 USD) and volume (000 KG) in the
North American Surgical Gowns Market
The North American Surgical Gowns Market report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. The global surgical apparels market is growing at a significant rate due to increasing number of surgeries, and technological advancement in the field. Some of the surgical apparels available
Web Design in North London
Darcy Developments has moved to the West Hampstead area of North London. Originally based in Manchester and building up a strong client base there, including the exclusive Manchester Grammar School, they have decided to up shop and make the move to the big city. They specialise in Web Design, with an emphasis on clean, simple layouts with a strong message associated with it. They also provide ecommerce solutions such as Paypal integration
The Jewel of the North
It is fair to say that Blackpool is a well known holiday destination not only in the UK and Ireland but also around the world, and is known as ‘The Jewel of the North’, or some refer to Blackpool as the ‘playground of the North, or even ‘Britain’s Las Vegas’. This ‘Jewel’ has much to offer the tourist, it is a very traditional English Victorian seaside town, boasting many attractions, such
LTC North India Tour Packages
LTC TOURS is one of well known travel tour operator among the tourist from all over the world, touring India, Thailand, Malaysia & Singapore, Srilanka, Dubai, London, Paris and more. Our one of the tour package is LTC North India Tour Packages in which we are exploring the complete beauty of North India like Delhi, Rajasthan, Bikaner, and Jaisalmer. In LTC North India Tour Packages, we cover Rajasthan culture, heritage, forts
ClickCulture Promotes North Carolina Worldwide
Race Team Sponsorship Includes North Carolina Flag Vehicle Wrap RALEIGH, N.C. (June 8, 2009)—ClickCulture Inc. (clickculture.com), a Raleigh-based Web technologies, design and integrated marketing firm, announces today its sponsorship of Creation Autosportif (creationsport.net). The sponsorship includes the North Carolina state flag graphically wrapped on Creation's Le Mans race car. The newly wrapped car will debut at the 77th running of the Le Mans 24 Hour race, held June 13 and 14