Electric Fuse Market 2019 Current Scenario, Top Manufacturers, Global Size, Share, Future Strategic Planning, Demand and Latest Development by Forecast to 2024
Electric Fuse Market Overview:
An electric fuse is used in an electrical circuit to protect the electrical devices against short circuits and overloads. It is one of the cheapest circuit protection devices to interrupt an electrical circuit. The function of the fuse is to allow the normal current to flow through the fuse and break the circuit when a high magnitude current pass through it.
The various advantages of electric fuses include simple operation, less operation time compared to circuit breaker, no maintenance, and one of the cheapest types of protection in an electrical circuit.
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Electric fuse is a device, which is used to protect load from overcurrent. An electric fuse consists of a metallic filament enclosed either in a ceramic, plastic or glass coating. The filament allows normal flow of current through it but in case of overload, the filament gets heated and breaks to stop the current flow. The various advantages of electric fuses include simple operation, less operation time compared to circuit breaker, no maintenance, and one of the cheapest types of protection in an electrical circuit.
Leading Players:
- Eaton (Ireland),
- ABB (Switzerland),
- Schneider Electric (France),
- Siemens (Germany),
- Hubbell (US),
- Mersen (France),
- Bel Fuse (US),
- S&C Electric Company (US),
- Little Fuse (US),
- Legrand (France), and
- G&W Electric (US).
Global Electric Fuse Market Segmentation:
The global electric fuse market has been segmented based on type, voltage, end-use, and region.
On the basis of voltage, the global market is classified into low, medium, and high voltage.
On the basis of type, the global electric fuse market is segmented into power fuse & fuse link, distribution cutouts, and cartridge & plug fuse.
On the basis of end-use, the market is segmented into utilities, industrial, residential, commercial, and transportation.
Based on region, the global electric fuse market cover growth opportunities and latest trends across North America, Europe, South America, Asia Pacific and the Middle East and Africa.
Regional Analysis:
The electric fuse market has been segmented into five regions, which are Asia-Pacific, North America, Europe, Middle East & Africa, and South America.
In 2018, Asia-Pacific held the largest share of the global electric fuse market, mainly due to the increasing investments in T&D network, rising investments in renewable energy sources, demand for automotive electronics, and high growth in construction sector.
Within Asia-Pacific, China is likely to hold the largest share during the forecast period owing to the increasing expenditure on T&D networks. Similarly, countries such as Japan, India, and Australia are experiencing growth due to the need for infrastructural development and rapid urbanization.
The market in North America is expected to be the second-largest owing to increasing demand for energy and modernization of infrastructure. Europe is also expected to grow at a significant rate owing to many advanced technologies being introduced by some of the key players in Europe such as Legrand, Schneider Electric, and ABB.
Germany is expected to dominate Europe due to the new electric fuse projects, especially designed for automotive systems. Similarly, countries such as Saudi Arabia and Brazil are the two economies, which are expected to dominate the Middle East & Africa and South America, respectively.
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Table Of Contents
1 Executive Summary
2 Market Introduction
2.1 Market Definition
2.2 Scope Of The Study
2.3 Market Structure
3 Research Methodology
3.1 Primary Research
3.2 Secondary Research
3.3 Market Size Estimation
3.4 Forecast Model
3.5 List Of Assumptions
3.6 Limitations Of The Study
4 Market Insights
Continued……..
List Of Tables
Table 1 Global Electric Fuse Market, By Region, 2017–2024 (USD Million)
Table 2 North America Electric Fuse Market, By Country, 2017–2024 (USD Million)
Table 3 Europe Electric Fuse Market, By Country, 2017–2024 (USD Million)
Table 4 Asia-Pacific Electric Fuse Market, By Country, 2017–2024 (USD Million)
Table 5 Middle East & Africa Electric Fuse Market, By Country, 2017–2024 (USD Million)
Table 6 South America Electric Fuse Market, By Country, 2017–2024 (USD Million)
Continued……
List Of Figures
Figure 1 Research Process Of MRFR
Figure 2 Top-Down and Bottom-Up Approach
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 6 Porter’s Five Forces Analysis
Figure 7 Value Chain Analysis
Figure 8 Global Electric Fuse Market Share, By Type, 2018 (%)
Continued…..
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