Electric Fuse Market by Type (Power Fuse & Fuse Link, Distribution Cutouts, Cartridge & Plug Fuse,), Voltage (Low, Medium), End-Users (Utilities, Industrial, Residential, Commercial, Transportation), region - Global Forecast to 2026
[160 Pages Report] The global electric fuse market is projected to reach a size of USD 4.6 billion by 2026, at a CAGR of 5.8%, from an estimated USD 3.5 billion in 2021. Increasing investments in construction industry attributing to rapid urbanization, and high demand for electric fuses in the construction sector are the key factors driving the growth of the electric fuse market.
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COVID-19 Impact on the global electric fuse market
The outbreak of the COVID-19 pandemic has slowed the growth of the electric fuse market. This slowdown is mainly due to economic contractions, resulted from a halt in investments from various end-use industries. For instance, in the mining industry, the ongoing impact of the COVID-19 pandemic remains uncertain; with every passing day, the crisis is adversely affecting the supply chains and demand for commodities. Significant price drops were observed across major commodities, while in some cases, prices remain to be passive. For example, demand for metallurgical coal and thermal coal has decreased, while demand for gold and iron ore has increased. With the rising COVID-19 cases worldwide, the market growth for mining has remained slow as mining companies do not have permission to operate their mines with full labor strength. The current market scenario projects that recovery of the mining industry would take approximately 23 years. With slowing mining activities worldwide, the demand for electric fuses has declined as well.
Furthermore, the spread of COVID-19 is likely to adversely affect the business of companies manufacturing electric fuses due to the global shutdown and supply chain disruptions. The order intake for the manufacturing companies has witnessed a decline in 2020 compared to the Q1 and Q2 of 2019. Also, the price for procuring raw materials is expected to increase due to the shortage of supply, which ultimately will lead to delay in order closures.
Electric fuse Market Dynamics
Driver: Increasing electrification of different industries
Industries are energy-intensive and require large amounts of fuel and electricity for operating mechanical drives; boilers; furnaces; heating, ventilation, and air-conditioning (HVAC) systems; etc. Traditionally, IC engines, fossil fuel-based boilers, and furnaces among others used non-electric sources of energy. To transit to a low carbon future and to ensure reliable operations, industries are increasingly carrying out electrification. This trend is prominent in developed regions such as Europe and North America, wherein governments of different countries are actively pursuing carbon-neutral goals. Even in other regions, industries have started carrying out electrification to ensure economic savings, resulting in increased investments for the same. Through electrification, companies can reduce their energy and overhead costs while meeting sustainability goals. According to a report, the Electrification Futures Study2017 by the National Renewable Energy Laboratory (NREL), only 25% of the global industrial energy demand is currently met by electricity; however, this varies from industry to industry. Manufacturers of electrical products, computers, and machinery have up to 50% of their energy requirements fulfilled by electricity. According to the US Energy Information Administration, electrification in the machinery industry is expected to increase by up to 13% and up to 8% in electrical products and plastics industries by 2050.
Restraints: Surging demand for substitutes such as MCBs, MCCBs, and relays
Historically, electric fuses have been a critical part of circuit protection equipment in end-user industries. However, there has been a significant shift of residential and commercial end users from the use of electric fuses to MCBs and MCCBs in the low-voltage segment as these circuit protection devices are more reliable, reusable, safe, sensitive, and have a better interface and require no manual intervention. In the medium-voltage segment, circuit breakers and protective relays are replacing electric fuses from their existing infrastructures as these devices provide higher reliability and can be automated (avoid manual intervention). This has been an overall trend across regions and plants. Most of the industries across regions are moving toward automation; therefore, strong demand for smarter devices such as MCBs and MCCBs, and relays has been observed. This automation trend is likely to restrain the electric fuse market globally during the forecast period.
Opportunities: Upgrading of existing substations and feeder line protection
Planned power generation capacities are likely to put stress on the existing power grid unless expanded and upgraded. The World Energy Council estimates that at least 2,000 GW of new power generating capacity is required globally and a further 1,000 GW is needed to replace the aging infrastructure within the next decade. These capacity additions require new, upgraded, and expanded T&D infrastructures. Most of the existing power infrastructures in several developed countries are already old and need to be upgraded. Electric fuses are mainly installed in medium-voltage substations for feeder and distribution line protection to prevent transient short circuits from triggering prolonged power outages and provide reliable supply continuity to customers. The continued upgrading of the existing substations and feeder line protection is likely to boost the electric fuse market in the near future.
Challenges: Delays in grid expansion projects
Planning and designing equipment for a power supply network requires a massive amount of data. Factors such as government interventions, environmental clearances, and lengthy government approval procedures result in delays in the implementation of grid expansion projects. Historical trends on 5- and 10-year network development plans have been analyzed across many transmission and distribution projects in Europe. It has been observed that plants that were expected to be commissioned in 2019 are still in the design and permission phase. These delays extend the time taken to implement the grid expansion projects and decrease the demand for electric fuses. The delays in grid expansion projects make production planning very challenging for electric fuses manufacturers.
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By type, the power fuses and fuse links segment is the largest contributor in the electric fuse market in 2020.
The power fuses and fuse links are generally medium voltage fuses rating between 1.5 kV and high up to 63 kV. The power fuse & fuse link derive their applications from transmission & distribution networks, transformer, circuit & motor protection, along with industrial applications and renewable energy generation and distribution. These types of electric fuses are made of an alloy of silver, copper, or tin, and the chamber of fuse links is generally filled with boric acid, as it has low refilling cost and coordinates better with transformers and distribution networks. The fuse links are designed with high rupturing capacity so that the current flows in specific standards. The power fuse & fuse link have an average price of approximately USD 2050 per unit, which attracts the utilities and industries to use the fuses to avoiding short-circuits and meter tripping. The major players that offer power fuse & fuse links are Littlefuse, Bel Fuse, Siemens, Mersen, ABB, and S&C Electric.
By medium range, the low voltage segment is expected to be the largest contributor during the forecast period.
The medium voltage range for fuses is defined as fuses with the capacity to open circuits at a voltage range above 1 kV to 38 kV. The high demand for medium voltage fuses is due to the continuous construction of transmission and distribution networks along with the high replaceability of fuses. The major end uses of medium voltage fuses are for electric utilities, transformers & substations, distribution networks, and heavy industries such as the oil & gas industry. The medium voltage fuses are mostly the power fuses used for current limiting function, motor circuit protection, and backup for protection from default current. These fuses are more expensive than low voltage fuses and, thus, comprise a major share in the total market size of the electric fuse market. Schneider Electric, ABB, Mersen, Eaton, G&W are some of the companies offering medium voltage fuses
By end user, the utilities segment is expected to be the largest contributor during the forecast period.
The utilities segment is expected to witness the highest CAGR of 6.2%, by value, in the global electric fuse market. Utilities face the challenge to manage grids and provide reliable and secured power and, thus, the demand for fuses remains despite the availability of substitutes. The electric fuses that are used by the utilities are generally power fuses, backup fuses, fuse links, capacitor fuses, and dropout fuses. The utilities operate at a high voltage level at 11 kV, 22 kV, and 33 kV, thus medium voltage electric fuses are preferred. Moreover, the demand from utilities for electric fuses is frequent due to the short life span of these fuses and low replaceability cost. According to EIA, in the US, the investments in circuit protection equipment have risen by 69% over the last decade, thus creating opportunities for electric fuses by the utilities. The rising safety issues related to photovoltaic systems and distributed energy resources are other factors driving the demand for electric fuses from the utilities. The utilities accounted for the largest share of 50.7% in the total electric fuse market in 2020.
Asia Pacific is expected to account for the largest market size during the forecast period.
Asia Pacific region has been segmented, by country, into China, Japan, India, Australia, Malaysia, Vietnam, South Korea, and Indonesia The rising grid investments in 2019, especially in the developing economies, such as China and India, are expected to drive the demand for electrical equipment and circuit protection equipment in the region. According to the International Energy Agency, in Southeast Asia, the coal-based power generation grew at an average of 9.8% per year from 2000 to 2019, and coal accounts for about one-third of the electricity mix. Moreover, the distribution sector is improving in the region to improve the electrification rate in the developing nations. Similarly, the Asia Pacific industrial sector is driving the electric fuse market in the region.
All these factors are likely to boost the demand for electric fuses from industrial sectors. Furthermore, the transportation infrastructure in the region is on its verge of getting electrified. This also creates opportunities for electric fuses in the Asia Pacific railway and traction segment. Furthermore, the region is the largest consumer of solar energy, and countries such as India and China are driving the renewable energy market. For instance, India has set goals of generating 175 GW of electricity through renewables by 2022. Such factors are likely to drive the Asia Pacific electric fuse market.
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|
Report Metric |
Details |
|
Market Size available for years |
20192026 |
|
Base year considered |
2020 |
|
Forecast period |
20212026 |
|
Forecast units |
Value (USD) |
|
Segments covered |
Type, Voltage, End-User, and Region |
|
Geographies covered |
Asia Pacific, North America, Europe, The Middle East & Africa, and South America. |
|
Companies covered |
Schneider Electric (France), Siemens (Germany), Mersen (France), ABB (Switzerland), Eaton (Ireland), Bel Fuse Inc. (US), Littelfuse (US), Legrand (France), S&C Electric Company (US), G&W Electric Company (US), Schurter (Switzerland), and Hubbell (US) |
This research report categorizes the electric fuse market based on product type, end-use, and region.
On the basis of type:
- Power fuse and fuse links
- Distribution cutouts
- Cartridge and plug fuses
- Others (Capacitor fuses, dropout fuse, battery fuses, and fuse pullers)
On the basis of voltage:
- Low Voltage
- Medium Voltage
On the basis of end-use:
- Residential
- Commercial
- Industrial
- Utilities
- Transportation
On the basis of Region:
- Asia Pacific
- North America
- Europe
- Middle East & Africa
- South America
Recent Developments
- In January 2019, Mersen announced the launch of the Class RK1 Reducer Fuses product series. The newly developed product is ideal for manufacturing facilities and has high-reliability performance, durability, and arc flash mitigation features to distinguish it from other fuses. The company is determined to expand its product portfolio through such developments.
- In August 2016, Bel Fuse inaugurated a power solutions Bel Power Solutions facility in Taoyuan City, Taiwan. The company intends to expand its geographical reach in Asia Pacific, also enhancing its R&D facilities in the region.
- In May 2018, Mersen acquired FTCap, which specializes in the development and manufacturing of capacitors. The company intends to further strengthen its product portfolio for electrical systems. The acquisition is expected to help Mersen broaden its range of high current fuses, cooling devices, and laminated busbars to cater to high-performance electrical systems.
- In September 2018, Littlefuse launched a new series of PICO 242 Series Hazardous Area Barrier network fuse that prevents fires and explosions in critical situations. The fuse can prevent the circuit from overheating and thus minimizing the risk of a short circuit. The company intends to strengthen its product portfolio with such developments and launches.
- In November 2018, Schurter introduced a new 6.3 Χ 32 mm ceramic fuse series, named SUT-H, which operates under high current ratings of 10 A to 50 A. The new Schurter SUT-H is specially made for single-phase applications and can resist high current inrush. Schurter has plans to grow its product portfolio for high-rated current fuses for a wide application range.
Frequently Asked Questions (FAQ):
What is the current size of the electric fuse market?
The current market size of global electric fuse market is USD 3.45 billion in 2020.
What is the major drivers for electric fuse market?
Increasing investments in construction industry attributing to rapid urbanization and high demand for electric fuse in utilities sector are the key factors driving the growth of the electric fuse market.
Which is the fastest growing region during the forecasted period in electric fuse market?
Asia Pacific is the fastest growing region during the forecasted period owing to rapid economic expansion, availability of raw materials and labor at lower prices, and increasing investments in R&D across various industries in the region.
Which is the fastest growing segment, by type during the forecasted period in electric fuse market?
The power fuse & fuse link drive their applications from transmission & distribution networks, transformer, circuit & motor protection, along with industrial applications and renewable energy generation and distribution .
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 24)
1.1 STUDY OBJECTIVES
1.2 DEFINITION
1.3 INCLUSIONS AND EXCLUSIONS
1.3.1 ELECTRIC FUSE MARKET, BY VOLTAGE: INCLUSIONS AND EXCLUSIONS
1.3.2 ELECTRIC FUSE MARKET, BY END USER: INCLUSIONS AND EXCLUSIONS
1.4 MARKET SCOPE
1.4.1 MARKET SEGMENTATION
1.4.2 REGIONAL SCOPE
1.5 YEARS CONSIDERED
1.6 CURRENCY
1.7 LIMITATION
1.8 STAKEHOLDERS
1.9 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 29)
2.1 RESEARCH METHODOLOGY SCOPE
2.2 MARKET SIZE ESTIMATION
2.2.1 IDEAL DEMAND-SIDE ANALYSIS
TABLE 1 T & D INVESTMENTS & KEY END USER GROWTH RATES ARE DETERMINING FACTORS FOR GLOBAL MARKET
2.2.1.1 Calculation
2.2.1.2 Assumptions
2.2.2 SUPPLY-SIDE ANALYSIS
2.2.2.1 Calculation
FIGURE 1 ELECTRIC FUSES MARKET, 2020
2.2.3 FORECAST
2.3 A FEW INSIGHTS FROM INDUSTRY EXPERTS
3 EXECUTIVE SUMMARY (Page No. - 33)
TABLE 2 ELECTRIC FUSE MARKET SNAPSHOT
FIGURE 2 ASIA PACIFIC DOMINATED MARKET IN 2020
FIGURE 3 POWER FUSES & FUSE LINKS SEGMENT IS EXPECTED TO HOLD LARGEST SHARE DURING FORECAST PERIOD
FIGURE 4 MEDIUM-VOLTAGE SEGMENT IS EXPECTED TO LEAD MARKET DURING FORECAST PERIOD
FIGURE 5 UTILITIES SEGMENT IS EXPECTED TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD
4 PREMIUM INSIGHTS (Page No. - 36)
4.1 ATTRACTIVE OPPORTUNITIES IN ELECTRIC FUSE MARKET DURING FORECAST PERIOD
FIGURE 6 GROWING INVESTMENTS IN T & D INFRASTRUCTURE ARE DRIVING MARKET, 20212026
4.2 MARKET, BY REGION
FIGURE 7 MARKET IN ASIA PACIFIC IS EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
4.3 MARKET IN ASIA PACIFIC, BY TYPE & COUNTRY
FIGURE 8 POWER FUSES & FUSE LINKS AND CHINA DOMINATED MARKET IN 2020
4.4 MARKET, BY VOLTAGE
FIGURE 9 MEDIUM-VOLTAGE SEGMENT DOMINATED MARKET, 2020
4.5 MARKET, BY END USER
FIGURE 10 UTILITIES SEGMENT DOMINATED ELECTRIC FUSES MARKET, BY END USER, 2020
5 MARKET OVERVIEW (Page No. - 39)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 11 MARKET DYNAMICS FOR ELECTRIC FUSE MARKET
5.2.1 DRIVERS
5.2.1.1 Increasing electrification of different industries
FIGURE 12 INDUSTRY-WISE ELECTRIFICATION TRENDS, 2020 AND 2050 (%)
5.2.1.2 Ongoing rapid industrialization in Asia Pacific and investments in local manufacturing
5.2.1.3 Growing investments in T&D infrastructure plans
TABLE 3 T&D INFRASTRUCTURE EXPANSION PLANS
5.2.2 RESTRAINTS
5.2.2.1 Surging demand for substitutes such as MCBs, MCCBs, and relays
5.2.3 OPPORTUNITIES
5.2.3.1 Upgrading of existing substations and feeder line protection
5.2.3.2 Execution of performance-based incentive schemes and definite service programs
5.2.3.3 Ongoing industrial growth in Africa
5.2.4 CHALLENGES
5.2.4.1 Delays in grid expansion projects
5.2.4.2 Impact of COVID-19 on electric fuse market
6 ELECTRIC FUSE MARKET, BY TYPE (Page No. - 45)
6.1 INTRODUCTION
FIGURE 13 MARKET (VALVE), BY TYPE, 2020
TABLE 4 MARKET, BY TYPE, 20192026 (USD MILLION)
6.2 POWER FUSES & FUSE LINKS
6.2.1 NORTH AMERICA IS SECOND-LARGEST MARKET FOR POWER FUSE & FUSE LINKS
TABLE 5 POWER FUSES & FUSE LINKS: MARKET, BY REGION, 20192026 (USD MILLION)
6.3 DISTRIBUTION CUTOUTS
6.3.1 ASIA PACIFIC IS EXPECTED TO HOLD LARGEST SHARE OF THIS SEGMENT
TABLE 6 DISTRIBUTION CUTOUTS: MARKET, BY REGION, 20192026 (USD MILLION)
6.4 CARTRIDGE & PLUG FUSES
6.4.1 MAJOR APPLICATIONS DRIVING DEMAND FOR CARTRIDGE AND PLUG FUSES INCLUDE ELECTRICAL APPLIANCES AND LIGHTING PRODUCTS
TABLE 7 CARTRIDGE & PLUG FUSES: MARKET, BY REGION, 20192026 (USD MILLION)
6.5 OTHERS
TABLE 8 OTHERS: MARKET, BY REGION, 20192026 (USD MILLION)
7 ELECTRIC FUSE MARKET, BY VOLTAGE RANGE (Page No. - 50)
7.1 INTRODUCTION
FIGURE 14 MARKET, BY VOLTAGE RANGE, 2020
TABLE 9 MARKET, BY VOLTAGE RANGE, 20192026 (USD MILLION)
7.2 LOW VOLTAGE
7.2.1 LOW-VOLTAGE FUSE MARKET IS DRIVEN BY RISING INVESTMENTS IN RENEWABLE ENERGY GENERATION & DISTRIBUTION AND SURGING DEMAND FOR ENERGY STORAGE
TABLE 10 LOW-VOLTAGE FUSES: ELECTRIC FUSE MARKET, BY REGION, 20192026 (USD MILLION)
7.3 MEDIUM VOLTAGE
7.3.1 DEMAND FOR MEDIUM-VOLTAGE FUSES IS DRIVEN BY STRONG INVESTMENTS IN TRANSMISSION AND DISTRIBUTION NETWORKS ALONG WITH THEIR HIGH REPLACEMENT ABILITY
TABLE 11 MEDIUM-VOLTAGE FUSES: MARKET, BY REGION, 20192026 (USD MILLION)
8 ELECTRIC FUSE MARKET, BY END USER (Page No. - 54)
8.1 INTRODUCTION
FIGURE 15 MARKET, BY END USER, 2020
TABLE 12 GLOBAL MARKET, BY END USER, 20192026 (USD MILLION)
8.2 UTILITIES
8.2.1 ASIA PACIFIC DOMINATED MARKET FOR UTILITIES SEGMENT IN 2021
TABLE 13 UTILITIES: MARKET, BY REGION, 20192026 (USD MILLION)
8.3 RESIDENTIAL
8.3.1 ELECTRICAL SAFETY NORMS ARE INCREASINGLY BECOMING STRINGENT FOR RESIDENTIAL BUILDINGS TO AVOID CRITICAL ACCIDENTS, WHICH IS EXPECTED TO DRIVE MARKET FOR RESIDENTIAL SEGMENT
TABLE 14 RESIDENTIAL: MARKET, BY REGION, 20192026 (USD MILLION)
8.4 COMMERCIAL
8.4.1 NORTH AMERICA IS SECOND-LARGEST MARKET FOR COMMERCIAL SEGMENT
TABLE 15 COMMERCIAL: MARKET, BY REGION, 20192026 (USD MILLION)
8.5 INDUSTRIAL
8.5.1 MOTORS AND TRANSFORMERS ARE MAJOR APPLICATIONS DRIVING DEMAND FOR ELECTRIC FUSES IN INDUSTRIAL SEGMENT
TABLE 16 INDUSTRIAL: MARKET, BY REGION, 20192026 (USD MILLION)
8.6 TRANSPORTATION
8.6.1 DEMAND FOR ELECTRIC FUSES IS DRIVEN BY HIGH GROWTH AND DEVELOPMENTS IN GLOBAL RAILWAY INDUSTRY
TABLE 17 TRANSPORTATION: MARKET, BY REGION, 20192026 (USD MILLION)
9 GEOGRAPHIC ANALYSIS (Page No. - 60)
9.1 INTRODUCTION
FIGURE 16 REGIONAL SNAPSHOT: ASIA PACIFIC IS EXPECTED TO WITNESS FASTEST RATE DURING FORECAST PERIOD
FIGURE 17 ASIA PACIFIC DOMINATED MARKET IN 2020
TABLE 18 MARKET, BY REGION, 20192026 (USD MILLION)
9.2 NORTH AMERICA
FIGURE 18 SNAPSHOT: MARKET IN NORTH AMERICA
9.2.1 BY TYPE
TABLE 19 NORTH AMERICA: MARKET, BY TYPE, 20192026 (USD MILLION)
9.2.2 BY VOLTAGE RANGE
TABLE 20 NORTH AMERICA: MARKET, BY VOLTAGE RANGE, 20192026 (USD MILLION)
9.2.3 BY END USER
TABLE 21 NORTH AMERICA: MARKET, BY END USER, 20192026 (USD MILLION)
9.2.4 BY COUNTRY
TABLE 22 NORTH AMERICA: MARKET, BY COUNTRY, 20192026 (USD MILLION)
9.2.4.1 US
9.2.4.1.1 Utilities held largest share of electric fuse market in 2020
TABLE 23 US: MARKET, BY TYPE, 20192026 (USD MILLION)
TABLE 24 US: MARKET, BY VOLTAGE RANGE, 20192026 (USD MILLION)
TABLE 25 US: MARKET, BY END USER, 20192026 (USD MILLION)
9.2.4.2 Canada
9.2.4.2.1 Medium-voltage segment dominated Canadian electric fuse market in 2020
TABLE 26 CANADA: MARKET, BY TYPE, 20192026 (USD MILLION)
TABLE 27 CANADA: MARKET, BY VOLTAGE RANGE, 20192026 (USD MILLION)
TABLE 28 CANADA: MARKET, BY END USER, 20192026 (USD MILLION)
9.2.4.3 Mexico
9.2.4.3.1 Power fuse & fuse link segment dominated Mexican electric fuse market in 2020
TABLE 29 MEXICO: MARKET, BY TYPE, 20192026 (USD MILLION)
TABLE 30 MEXICO: MARKET, BY VOLTAGE RANGE, 20192026 (USD MILLION)
TABLE 31 MEXICO: MARKET, BY END USER, 20192026 (USD MILLION)
9.3 EUROPE
FIGURE 19 GERMANY: LARGEST MARKET IN EUROPE IN 2020
9.3.1 BY TYPE
TABLE 32 EUROPE: MARKET, BY TYPE, 20192026 (USD MILLION)
9.3.2 BY VOLTAGE RANGE
TABLE 33 EUROPE: MARKET, BY VOLTAGE RANGE, 20192026 (USD MILLION)
9.3.3 BY END USER
TABLE 34 EUROPE: MARKET, BY END USER, 20192026 (USD MILLION)
9.3.4 BY COUNTRY
TABLE 35 EUROPE: MARKET, BY COUNTRY, 20192026 (USD MILLION)
9.3.4.1 UK
9.3.4.1.1 Power fuses & fuse links dominated electric fuse market in UK in 2020
TABLE 36 UK: MARKET, BY TYPE, 20192026 (USD MILLION)
TABLE 37 UK: MARKET, BY VOLTAGE RANGE, 20192026 (USD MILLION)
TABLE 38 UK: MARKET, BY END USER, 20192026 (USD MILLION)
9.3.4.2 Germany
9.3.4.2.1 Significant investments in renewable and electrical networks to drive electric fuse market
TABLE 39 GERMANY: MARKET, BY TYPE, 20192026 (USD MILLION)
TABLE 40 GERMANY: MARKET, BY VOLTAGE RANGE, 20192026 (USD MILLION)
TABLE 41 GERMANY: MARKET, BY END USER, 20192026 (USD MILLION)
9.3.4.3 France
9.3.4.3.1 Transition scenario is likely to bring changes in distribution network and will create opportunities for market growth
TABLE 42 FRANCE: MARKET, BY TYPE, 20192026 (USD MILLION)
TABLE 43 FRANCE: MARKET, BY VOLTAGE RANGE, 20192026 (USD MILLION)
TABLE 44 FRANCE: MARKET, BY END USER, 20192026 (USD MILLION)
9.3.4.4 Spain
9.3.4.4.1 Utilities held largest share of electric fuse market in Spain in 2020
TABLE 45 SPAIN: MARKET, BY TYPE, 20192026 (USD MILLION)
TABLE 46 SPAIN: MARKET, BY VOLTAGE RANGE, 20192026 (USD MILLION)
TABLE 47 SPAIN: MARKET, BY END USER, 20192026 (USD MILLION)
9.3.4.5 Italy
9.3.4.5.1 Medium-voltage segment dominated electric fuse market in 2020
TABLE 48 ITALY: MARKET, BY TYPE, 20192026 (USD MILLION)
TABLE 49 ITALY: MARKET, BY VOLTAGE RANGE, 20192026 (USD MILLION)
TABLE 50 ITALY: MARKET, BY END USER, 20192026 (USD MILLION)
9.3.4.6 Rest of Europe
TABLE 51 REST OF EUROPE: MARKET, BY TYPE, 20192026 (USD MILLION)
TABLE 52 REST OF EUROPE: MARKET, BY VOLTAGE RANGE, 20192026 (USD MILLION)
TABLE 53 REST OF EUROPE: MARKET, BY END USER, 20192026 (USD MILLION)
9.4 ASIA PACIFIC
FIGURE 20 CHINA: LARGEST MARKET IN ASIA PACIFIC IN 2020
FIGURE 21 SNAPSHOT: MARKET IN ASIA PACIFIC
9.4.1 BY TYPE
TABLE 54 ASIA PACIFIC: MARKET, BY TYPE, 20192026 (USD MILLION)
9.4.2 BY VOLTAGE RANGE
TABLE 55 ASIA PACIFIC: MARKET, BY VOLTAGE RANGE, 20192026 (USD MILLION)
9.4.3 BY END USER
TABLE 56 ASIA PACIFIC: MARKET, BY END USER, 20192026 (USD MILLION)
9.4.4 BY COUNTRY
TABLE 57 ASIA PACIFIC: ELECTRIC FUSE MARKET, BY COUNTRY, 20192026 (USD MILLION)
9.4.4.1 China
9.4.4.1.1 Huge investments in development of distribution networks, integration of regional networks, and construction of new generating capacity are major drivers for electric fuse market
TABLE 58 CHINA: MARKET, BY TYPE, 20192026 (USD MILLION)
TABLE 59 CHINA: MARKET, BY VOLTAGE RANGE, 20192026 (USD MILLION)
TABLE 60 CHINA: MARKET, BY END USER, 20192026 (USD MILLION)
9.4.4.2 India
9.4.4.2.1 Low-voltage segment is expected to witness faster growth in India during forecast period
TABLE 61 INDIA: MARKET, BY TYPE, 20192026 (USD MILLION)
TABLE 62 INDIA: MARKET, BY VOLTAGE RANGE, 20192026 (USD MILLION)
TABLE 63 INDIA: MARKET, BY END USER, 20192026 (USD MILLION)
9.4.4.3 Australia
9.4.4.3.1 Strong investments in energy storage are expected to drive electric fuse market
TABLE 64 AUSTRALIA: MARKET, BY TYPE, 20192026 (USD MILLION)
TABLE 65 AUSTRALIA: MARKET, BY VOLTAGE RANGE, 20192026 (USD MILLION)
TABLE 66 AUSTRALIA: MARKET, BY END USER, 20192026 (USD MILLION)
9.4.4.4 Japan
9.4.4.4.1 Large replacement market is major driver for electric fuse market in Japan
TABLE 67 JAPAN: MARKET, BY TYPE, 20192026 (USD MILLION)
TABLE 68 JAPAN: MARKET, BY VOLTAGE RANGE, 20192026 (USD MILLION)
TABLE 69 JAPAN: MARKET, BY END USER, 20192026 (USD MILLION)
9.4.4.5 Malaysia
9.4.4.5.1 Focus on expansion of electricity distribution network will drive electric fuse market in coming years
TABLE 70 MALAYSIA: MARKET, BY TYPE, 20192026 (USD MILLION)
TABLE 71 MALAYSIA: MARKET, BY VOLTAGE RANGE, 20192026 (USD MILLION)
TABLE 72 MALAYSIA: MARKET, BY END USER, 20192026 (USD MILLION)
9.4.4.6 Vietnam
9.4.4.6.1 Power fuse and fuse link segment dominated electric fuse market in 2020
TABLE 73 VIETNAM: MARKET, BY TYPE, 20192026 (USD MILLION)
TABLE 74 VIETNAM: MARKET, BY VOLTAGE RANGE, 20192026 (USD MILLION)
TABLE 75 VIETNAM: MARKET, BY END USER, 20192026 (USD MILLION)
9.4.4.7 South Korea
9.4.4.7.1 Transition in electrical power sector toward renewables is expected to drive investments in electric fuse market
TABLE 76 SOUTH KOREA: MARKET, BY TYPE, 20192026 (USD MILLION)
TABLE 77 SOUTH KOREA: MARKET, BY VOLTAGE RANGE, 20192026 (USD MILLION)
TABLE 78 SOUTH KOREA: MARKET, BY END USER, 20192026 (USD MILLION)
9.4.4.8 Indonesia
9.4.4.8.1 Indonesian electric fuse market is driven by continuous industrialization, commercialization, and integration of renewable energy
TABLE 79 INDONESIA: MARKET, BY TYPE, 20192026 (USD MILLION)
TABLE 80 INDONESIA: MARKET, BY VOLTAGE RANGE, 20192026 (USD MILLION)
TABLE 81 INDONESIA: MARKET, BY END USER, 20192026 (USD MILLION)
9.5 MIDDLE EAST & AFRICA
FIGURE 22 SAUDI ARABIA: LARGEST MARKET IN MIDDLE EAST & AFRICA IN 2020
9.5.1 BY TYPE
TABLE 82 MIDDLE EAST & AFRICA: MARKET, BY TYPE, 20192026 (USD MILLION)
9.5.2 BY VOLTAGE RANGE
TABLE 83 MIDDLE EAST & AFRICA: MARKET, BY VOLTAGE RANGE, 20192026 (USD MILLION)
9.5.3 BY END USER
TABLE 84 MIDDLE EAST & AFRICA: MARKET, BY END USER, 20192026 (USD MILLION)
9.5.4 BY COUNTRY
TABLE 85 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY, 20192026 (USD MILLION)
9.5.4.1 Saudi Arabia
9.5.4.1.1 Investments in distributed generation and grid expansion are expected to drive electric fuse market
TABLE 86 SAUDI ARABIA: MARKET, BY TYPE, 20192026 (USD MILLION)
TABLE 87 SAUDI ARABIA: MARKET, BY VOLTAGE RANGE, 20192026 (USD MILLION)
TABLE 88 SAUDI ARABIA: MARKET, BY END USER, 20192026 (USD MILLION)
9.5.4.2 Qatar
9.5.4.2.1 New distribution projects are expected to drive demand for electric fuses in coming years
TABLE 89 QATAR: MARKET, BY TYPE, 20192026 (USD MILLION)
TABLE 90 QATAR: MARKET, BY VOLTAGE RANGE, 20192026 (USD MILLION)
TABLE 91 QATAR: MARKET, BY END USER, 20192026 (USD MILLION)
9.5.4.3 UAE
9.5.4.3.1 Utilities are largest end user of electric fuses in country
TABLE 92 UAE: MARKET, BY TYPE, 20192026 (USD MILLION)
TABLE 93 UAE: MARKET, BY VOLTAGE RANGE, 20192026 (USD MILLION)
TABLE 94 UAE: MARKET, BY END USER, 20192026 (USD MILLION)
9.5.4.4 South Africa
9.5.4.4.1 Governments plan to boost small-scale residential power generation from solar energy sources will be major driver for electric fuse market in coming years
TABLE 95 SOUTH AFRICA: MARKET, BY TYPE, 20192026 (USD MILLION)
TABLE 96 SOUTH AFRICA: MARKET, BY VOLTAGE RANGE, 20192026 (USD MILLION)
TABLE 97 SOUTH AFRICA: MARKET, BY END USER, 20192026 (USD MILLION)
9.5.4.5 Rest of Middle East & Africa
TABLE 98 REST OF MIDDLE EAST & AFRICA: MARKET, BY TYPE, 20192026 (USD MILLION)
TABLE 99 REST OF MIDDLE EAST & AFRICA: MARKET, BY VOLTAGE RANGE, 20192026 (USD MILLION)
TABLE 100 REST OF MIDDLE EAST & AFRICA: MARKET, BY END USER, 20192026 (USD MILLION)
9.6 SOUTH AMERICA
FIGURE 23 BRAZIL: LARGEST MARKET IN SOUTH AMERICA IN 2020
9.6.1 BY TYPE
TABLE 101 SOUTH AMERICA: MARKET, BY TYPE, 20192026 (USD MILLION)
9.6.2 BY VOLTAGE RANGE
TABLE 102 SOUTH AMERICA: MARKET, BY VOLTAGE RANGE, 20192026 (USD MILLION)
9.6.3 BY END USER
TABLE 103 SOUTH AMERICA: MARKET, BY END USER, 20192026 (USD MILLION)
9.6.4 BY COUNTRY
TABLE 104 SOUTH AMERICA: MARKET, BY COUNTRY, 20192026 (USD MILLION)
9.6.4.1 Brazil
9.6.4.1.1 Power fuses and fuse links held largest size of electric fuse market in 2020
TABLE 105 BRAZIL: MARKET, BY TYPE, 20192026 (USD MILLION)
TABLE 106 BRAZIL: MARKET, BY VOLTAGE RANGE, 20192026 (USD MILLION)
TABLE 107 BRAZIL: MARKET, BY END USER, 20192026 (USD MILLION)
9.6.4.2 Argentina
9.6.4.2.1 Market for low-voltage segment is expected to grow at faster rate during forecast period
TABLE 108 ARGENTINA: MARKET, BY TYPE, 20192026 (USD MILLION)
TABLE 109 ARGENTINA: MARKET, BY VOLTAGE RANGE, 20192026 (USD MILLION)
TABLE 110 ARGENTINA: MARKET, BY END USER, 20192026 (USD THOUSAND)
9.6.4.3 Venezuela
9.6.4.3.1 Utilities dominated electric fuse market in Venezuela in 2020
TABLE 111 VENEZUELA: MARKET, BY TYPE, 20192026 (USD MILLION)
TABLE 112 VENEZUELA: MARKET, BY VOLTAGE RANGE, 20192026 (USD MILLION)
TABLE 113 VENEZUELA: MARKET, BY END USER, 20192026 (USD THOUSAND)
9.6.4.4 Rest of South America
TABLE 114 REST OF SOUTH AMERICA: MARKET, BY TYPE, 20192026 (USD MILLION)
TABLE 115 REST OF SOUTH AMERICA: MARKET, BY VOLTAGE RANGE, 20192026 (USD MILLION)
TABLE 116 REST OF SOUTH AMERICA: MARKET, BY END USER, 20192026 (USD MILLION)
10 COMPETITIVE LANDSCAPE (Page No. - 106)
10.1 OVERVIEW
FIGURE 24 KEY DEVELOPMENTS IN MARKET, JANUARY 2017FEBRUARY 2021
10.2 RANKING OF PLAYERS & INDUSTRY CONCENTRATION
FIGURE 25 RANKING OF KEY PLAYERS & INDUSTRY CONCENTRATION, 2020
10.3 COMPETITIVE SCENARIO
10.3.1 NEW PRODUCT DEVELOPMENTS
TABLE 117 OVERVIEW OF PRODUCT DEVELOPMENTS BY DIFFERENT PLAYERS
10.3.2 EXPANSIONS & INVESTMENTS
TABLE 118 OVERVIEW OF EXPANSIONS & INVESTMENTS BY TOP PLAYERS
10.3.3 MERGERS & ACQUISITIONS
TABLE 119 OVERVIEW OF MERGERS & ACQUISITIONS BY TOP PLAYERS
11 COMPANY PROFILES (Page No. - 111)
(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
11.1 EATON
FIGURE 26 EATON: COMPANY SNAPSHOT
TABLE 120 EATON PRODUCTS OFFERED
11.2 ABB
FIGURE 27 ABB: COMPANY SNAPSHOT
TABLE 121 ABB PRODUCT OFFERED
11.3 SCHNEIDER ELECTRIC
FIGURE 28 SCHNEIDER ELECTRIC.: COMPANY SNAPSHOT
TABLE 122 SCHNEIDER ELECTRIC PRODUCTS OFFERED
11.4 SIEMENS
FIGURE 29 SIEMENS: COMPANY SNAPSHOT
TABLE 123 SIEMENS PRODUCTS OFFERED
11.5 HUBBELL
FIGURE 30 HUBBELL: COMPANY SNAPSHOT
TABLE 124 HUBBELL PRODUCTS OFFERED
11.6 MERSEN
FIGURE 31 MERSEN: COMPANY SNAPSHOT
TABLE 125 MERSEN PRODUCTS OFFERED
11.7 LEGRAND
FIGURE 32 LEGRAND: COMPANY SNAPSHOT
TABLE 126 LEGRAND PRODUCTS OFFERED
11.8 SCHURTER
FIGURE 33 SCHURTER: COMPANY SNAPSHOT
TABLE 127 SCHURTER PRODUCTS OFFERED
11.9 S&C ELECTRIC COMPANY
TABLE 128 S&C ELECTRIC COMPANY PRODUCTS OFFERED
11.10 BEL FUSE
FIGURE 34 BEL FUSE: COMPANY SNAPSHOT
TABLE 129 BEL FUSE PRODUCTS OFFERED
11.11 LITTLEFUSE
FIGURE 35 LITTLEFUSE: COMPANY SNAPSHOT
TABLE 130 LITTLEFUSE PRODUCTS OFFERED
11.12 G&W
TABLE 131 G&W PRODUCTS OFFERED
*Details on Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
12 ADJACENT AND RELATED MARKETS (Page No. - 142)
12.1 INTRODUCTION
12.2 LIMITATIONS
12.3 ELECTRIC FUSE INTERCONNECTED MARKETS
12.4 SWITCHGEAR MARKET
12.4.1 MARKET DEFINITION
12.4.2 LIMITATION
12.4.3 MARKET OVERVIEW
12.5 PRE- AND POST-COVID-19 SCENARIO ANALYSIS
FIGURE 36 PRE- AND POST-COVID-19 SCENARIO ANALYSIS
12.5.1 SWITCHGEAR MARKET, BY INSULATION
12.5.1.1 Air insulated
TABLE 132 AIS: SWITCHGEAR MARKET SIZE, BY REGION, 20162019 (USD BILLION)
TABLE 133 POST-COVID-19: AIS: SWITCHGEAR MARKET SIZE, BY REGION, 20202025 (USD BILLION)
12.5.1.2 Gas-insulated
TABLE 134 GIS: SWITCHGEAR MARKET SIZE, BY REGION, 20162019 (USD BILLION)
TABLE 135 POST-COVID-19: GIS: SWITCHGEAR MARKET SIZE, BY REGION, 20202025 (USD BILLION)
12.5.2 SWITCHGEAR MARKET, BY REGION
12.5.2.1 Asia Pacific
TABLE 136 ASIA PACIFIC: SWITCHGEAR MARKET SIZE, BY INSULATION, 20162019 (USD BILLION)
TABLE 137 POST-COVID-19: ASIA PACIFIC: SWITCHGEAR MARKET SIZE, BY INSULATION, 20202025 (USD BILLION)
12.5.2.2 Europe
TABLE 138 EUROPE: SWITCHGEAR MARKET SIZE, BY INSULATION, 20162019 (USD BILLION)
TABLE 139 POST-COVID-19: EUROPE: SWITCHGEAR MARKET SIZE, BY INSULATION, 20202025 (USD BILLION)
12.5.2.3 North America
TABLE 140 NORTH AMERICA: SWITCHGEAR MARKET SIZE, BY INSULATION, 20162019 (USD BILLION)
TABLE 141 POST-COVID-19: NORTH AMERICA: SWITCHGEAR MARKET SIZE, BY INSULATION, 20202025 (USD BILLION)
12.5.2.4 Middle East & Africa
TABLE 142 MIDDLE EAST & AFRICA: SWITCHGEAR MARKET SIZE, BY INSULATION, 20162019 (USD BILLION)
TABLE 143 POST-COVID-19: MIDDLE EAST & AFRICA: SWITCHGEAR MARKET SIZE, BY INSULATION, 20202025 (USD BILLION)
12.5.2.5 South America
TABLE 144 SOUTH AMERICA: SWITCHGEAR MARKET SIZE, BY INSULATION, 20162019 (USD BILLION)
TABLE 145 POST-COVID-19: SOUTH AMERICA: SWITCHGEAR MARKET SIZE, BY INSULATION, 20202025 (USD BILLION)
12.6 GAS-INSULATED SUBSTATION MARKET
12.6.1 MARKET DEFINITION
12.6.2 MARKET OVERVIEW
12.6.3 GAS-INSULATED SUBSTATION MARKET, BY VOLTAGE
12.6.3.1 Medium voltage
TABLE 146 MEDIUM VOLTAGE: GAS-INSULATED SUBSTATION MARKET SIZE, BY REGION, 20162023 (USD MILLION)
12.6.3.2 High voltage
TABLE 147 HIGH VOLTAGE: GAS-INSULATED SUBSTATION MARKET SIZE, BY REGION, 20162023 (USD MILLION)
12.6.3.3 Extra-high voltage
TABLE 148 EXTRA-HIGH VOLTAGE: GAS-INSULATED SUBSTATION MARKET SIZE, BY REGION, 20162023 (USD MILLION)
12.6.4 GAS-INSULATED SUBSTATION, BY REGION
12.6.4.1 North America
TABLE 149 NORTH AMERICA: GAS-INSULATED SUBSTATION MARKET SIZE, BY VOLTAGE TYPE, 20162023 (USD MILLION)
12.6.4.2 Asia Pacific
TABLE 150 ASIA PACIFIC: GAS-INSULATED SUBSTATION MARKET SIZE, BY VOLTAGE TYPE, 20162023 (USD MILLION)
12.6.4.3 Europe
TABLE 151 EUROPE: GAS-INSULATED SUBSTATION MARKET SIZE, BY VOLTAGE TYPE, 20162023 (USD MILLION)
12.6.4.4 Middle East & Africa
TABLE 152 MIDDLE EAST & AFRICA: GAS-INSULATED SUBSTATION MARKET SIZE, BY VOLTAGE TYPE, 20162023 (USD MILLION)
12.6.4.5 South America
TABLE 153 SOUTH AMERICA: GAS-INSULATED SUBSTATION MARKET SIZE, BY VOLTAGE TYPE, 20162023 (USD MILLION)
13 APPENDIX (Page No. - 153)
13.1 INSIGHTS OF INDUSTRY EXPERTS
13.2 DISCUSSION GUIDE
13.3 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
13.4 AVAILABLE CUSTOMIZATIONS
13.5 RELATED REPORTS
13.6 AUTHOR DETAILS
This study involved 4 major activities in estimating the current market size for electric fuse. Exhaustive secondary research was done to collect information on the market and peer market. The next step was to validate these findings, assumptions, and market sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were used to estimate the total market size. Thereafter, the market breakdown and data triangulation were done to estimate the market size of the segments and sub-segments.
Secondary Research
This research study involved the use of extensive secondary sources, directories, and databases, such as Hoovers, Bloomberg BusinessWeek, Factiva, and OneSource, to identify and collect information useful for a technical, market-oriented, and commercial study of the global electric fuse market. The other secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.
Primary Research
The electric fuse market comprises several stakeholders such as end-product manufacturers, transmission and distribution operators, residential and end-users in the supply chain. The demand side of this market is characterized by its end-users such as commercial, residential, industrial, utilities, and transportation. The supply side is characterized by advancements in protection technologies such as comprehensive and fast reacting products and increased emphasis on electric fuse operational lifetime. Various primary sources from both, the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The breakdown of primary respondents is as following
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches have been used to estimate and validate the size of the global electric fuse market and its dependent submarkets. These methods were also used extensively to estimate the size of various sub-segments in the market. The research methodology used to estimate the market size includes the following:
- The key players in the industry and market have been identified through extensive secondary research and their market shares in the respective regions have been determined through both primary and secondary research.
- The industrys supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation
After arriving at the overall market sizeusing the market size estimation processes as explained abovethe market was split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both, the demand and supply sides, in the commercial, residential, industrial, utilities, and transportation.
Report Objectives
- To define, describe, and forecast the global electric fuse market by type, voltage, end-users, and region
- To provide detailed information on the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
- To strategically analyze the market with respect to individual growth trends, prospects, and contribution of each segment to the market
- To analyze market opportunities for stakeholders and details of a competitive landscape for market leaders
- To forecast the growth of the market with respect to the major regions (Asia Pacific, Europe, North America, South America, and The Middle East and Africa)
- To strategically profile key players and comprehensively analyze their market share and core competencies
- To track and analyze competitive developments such as contracts & agreements, expansions, new product developments, mergers & acquisitions, and partnerships in the electric fuse market
Available Customizations:
With the given market data, MarketsandMarkets offers customizations as per the clients specific needs. The following customization options are available for this report:
Regional Analysis
- Further breakdown of region or country-specific analysis
Company Information
- Detailed analyses and profiling of additional market players (up to 5)
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Growth opportunities and latent adjacency in Electric Fuse Market