Electric Fuse Market by Type (Power Fuse & Fuse Link, Distribution Cutouts, Cartridge & Plug Fuse), Voltage (Low, Medium), End-Users (Utilities, Industrial, Residential, Commercial, Transportation), and Region - Global Forecast to 2023
[143 Pages Report] The global electric fuse market is projected to reach a size of USD 4.3 billion by 2023, at a CAGR of 4.24%, from an estimated USD 3.5 billion in 2018. This growth can be attributed to growing investments in renewable and energy storage, increasing investments in T&D infrastructure plans, and revival of investments in construction sector.
By type, the power fuse & fuse link segment accounts for the largest contributor in the electric fuse market during the forecast period.
The power fuse & fuse link segment of the electric fuse market is driven by the rising demand for medium voltage fuses in T&D networks, transformers, circuit and 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 utilities segment is expected to be the largest contributor during the forecast period.
The demand from utilities for electric fuses is frequent because of their short life span and low replaceability cost. According to the EIA, in the US, the investments on circuit protection equipment have risen by 69% over the last decade, thus creating opportunities for the usage of 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 operate at a high voltage level at 11 kV, 22 kV, and 33 kV, thus medium voltage electric fuses are preferred.
Asia Pacific is expected to account for the largest market size during the forecast period.
Electric fuse market has been analyzed with respect to 5 regions, namely, North America, Europe, South America, Asia Pacific, and The Middle East and Africa. The market in Asia Pacific is estimated to be the largest market from 2018 to 2025. China and India are among the largest markets in the world and also has rising per capita consumption of energy due to increased industrialization and manufacturing. The countries have seen rapid infrastructure development during the past years.
The major players in the global electric fuse market are 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).
Scope of the Report
|
Report Metric |
Details |
|
Market Size available for years |
2016-2023 |
|
Base year considered |
2017 |
|
Forecast period |
20182023 |
|
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, the market has been segmented as follows:
- 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, the market has been segmented as follows:
- Low Voltage
- Medium Voltage
On the basis of end-use, the market has been segmented as follows:
- Residential
- Commercial
- Industrial
- Utilities
- Transportation
On the basis of Region, the market has been segmented as follows:
- Asia Pacific
- North America
- Europe
- Middle East & Africa
- South America
Recent Developments
- In January 2019, Mersen announced the launch of Class RK1 Reducer Fuses product series. The new developed product suits well to 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.
Key Questions addressed by the report
- The report identifies and addresses key markets for electric fuse, which would help manufacturers review the growth in demand.
- The report helps system providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.
- The report will help key players understand the strategies of their competitors better and make better strategic decisions.
- The report addresses the market share analysis of key players in electric fuse market and with the help of this companies can enhance their revenues in respective market.
- The report provides insights about emerging geographies for electric fuse and hence entire market ecosystem can gain competitive advantage from such insights.
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Frequently Asked Questions (FAQ):
Which of the electric fuse type will lead by 2023?
Power Fuse & Fuse expected to lead the electric fuse market during the forecast period. The demand for these fuses are driven by key applications in transmission & distribution, power generation, transformers, circuit & monitoring, circuit & motor protection, and other industrial applications.
Which of the end-user segment will have maximum opportunity to grow during the forecast period?
Utilities held the largest market share in 2017. The growth of the utilities segment is driven by the demand increasing investments on circuit protection equipment has risen by 69% over last decade according to EIA. Rising safety issues related to PV systems and distributed energy resources are other factors driving the demand for electric fuses from utilities.
Which will be the leading region with the highest market share by 2023?
The Asia Pacific region accounted for the highest share of the global electric fuse market. The growth of this market is driven by increasing investments in the regionand rising concern for electrical safety at residential and distribution network.
How are companies implementing organic and inorganic strategies to gain increased market share?
New product development and mergers & acquisitions was the major business strategies adopted by the leading companies to maintain a competitive scenario in the market. Some of the players who adopted this strategy include Mersen, Schurter, Bel Fuse, and Littlefuse, among others. For instance, in January 2019, Mersen launched its class RK1 reducer fuse product series. It is ideal for manufacturing facilities and has high reliability performance, durability, and arc flash mitigation features to distinguish it from other fuses.
Table of Contents
1 Introduction (Page No. - 17)
1.1 Objectives of the Study
1.2 Definition
1.3 Market Scope
1.3.1 Market Segmentation
1.3.2 Regional Scope
1.4 Years Considered for the Study
1.5 Currency
1.6 Limitation
1.7 Stakeholders
2 Research Methodology (Page No. - 21)
2.1 Research Methodology Scope
2.2 Market Size Estimation
2.2.1 Ideal Demand Side Analysis
2.2.1.1 Calculation
2.2.1.2 Assumptions
2.2.2 Supply Side Analysis
2.2.2.1 Calculation
2.2.3 Forecast
2.3 Some of the Insights of Industry Experts
3 Executive Summary (Page No. - 25)
4 Premium Insights (Page No. - 28)
4.1 Attractive Opportunities in the Market During the Forecast Period
4.2 Market, By Region
4.3 Asia Pacific Market, By Type & Country
4.4 Market, By Voltage
4.5 Market, By End Users
5 Market Overview (Page No. - 31)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Investments in Renewable and Energy Storage
5.2.1.2 Increasing Investments in T&D Infrastructure Plans
5.2.1.3 Revival of Investments in Construction Sector
5.2.2 Restraints
5.2.2.1 Increasing Demand for Substitutes Such as Mcbs, Mccbs, and Relays
5.2.2.2 Increasing Investments in Smart Grid Vision
5.2.3 Opportunities
5.2.3.1 Upgrading of the Existing Substations and Feeder Line Protection
5.2.3.2 Execution of Performance-Based Incentive Schemes and Definite Service Programs
5.2.4 Challenges
5.2.4.1 Delays in Grid Expansion Projects
6 Market, By Type (Page No. - 37)
6.1 Introduction
6.2 Power Fuse & Fuse Link
6.2.1 North America is the Second Largest Market for Power Fuse & Fuse Link
6.3 Distribution Cutout
6.3.1 Asia Pacific is Expected to Have the Largest Share in the Segment
6.4 Cartridge & Plug Fuse
6.4.1 Major Applications Driving Demand of Cartridge and Plug Fuse Include Electrical Appliances and Lighting Products
6.5 Others
7 Market, By Voltage Range (Page No. - 42)
7.1 Introduction
7.2 Low Voltage
7.2.1 Low Voltage Fuse Market is Driven By Rising Investments in Renewable Energy Generation & Distribution and Rising Demand for Energy Storage
7.3 Medium Voltage
7.3.1 Demand is Driven By Strong Investments in Transmission and Distribution Network Along With High Replaceability of Fuses
8 Market, By End-User (Page No. - 46)
8.1 Introduction
8.2 Utilities
8.2.1 Asia Pacific Dominated the Market in Utilities Segment
8.3 Residential
8.3.1 Electrical Safety Norms are Increasingly Becoming Stringent for Residential Buildings to Avoid Critical Accidents is Expected to Drive Residential Segment
8.4 Commercial
8.4.1 North America is the Second Largest Market in Commercial Segment
8.5 Industrial
8.5.1 Motors and Transformers are Major Applications Driving Demand for Electric Fuses in the Industrial Segment
8.6 Transportation
8.6.1 Demand for Electric Fuses is Driven By the High Growth and Developments in the Global Railway Industry
9 Market, By Region (Page No. - 52)
9.1 Introduction
9.2 North America
9.2.1 By Type
9.2.2 By Voltage Range
9.2.3 By End-User
9.2.4 By Country
9.2.4.1 US
9.2.4.1.1 Utilities is Largest Segment for Market
9.2.4.2 Canada
9.2.4.2.1 Medium Voltage Segment Dominated the Canadian Market
9.2.4.3 Mexico
9.2.4.3.1 Power Fuse & Fuse Link Segmented Dominated the Mexican Electric Fuse Market
9.3 Europe
9.3.1 By Type
9.3.2 By Voltage Range
9.3.3 By End-User
9.3.4 By Country
9.3.4.1 UK
9.3.4.1.1 Power Fuse & Fuse Link Segmented Dominated the UK Market
9.3.4.2 Germany
9.3.4.2.1 Strong Investment in Renewable and Electrical Network Will Drive Electric Fuse Market
9.3.4.3 France
9.3.4.3.1 Transition Scenario is Likely to Bring Changes in the Distribution Network and Will Create Opportunities for the Growth of the Market
9.3.4.4 Spain
9.3.4.4.1 Utilities is Largest Segment End-User for Electric Fuse
9.3.4.5 Italy
9.3.4.5.1 Medium Voltage Segment Dominated the Market
9.3.4.6 Rest of Europe
9.4 Asia Pacific
9.4.1 By Type
9.4.2 By Voltage Range
9.4.3 By End-User
9.4.4 By Country
9.4.4.1 China
9.4.4.1.1 Large Investment in the Development of the Distribution Network, Integration of Regional Networks, and Construction of New Generating Capacity is Major Driver for Electric Fuse Market
9.4.4.2 India
9.4.4.2.1 Low Voltage Segment is Expected to Be Fastest Growing Segment in the Region
9.4.4.3 Australia
9.4.4.3.1 Strong Investment in Energy Storage is Expected to Drive Market
9.4.4.4 Japan
9.4.4.4.1 Large Replacement Market is Major Drive for Electric Fuse
9.4.4.5 Malaysia
9.4.4.5.1 Focus on the Expansion of the Electricity Distribution Network Will Drive Market
9.4.4.6 Vietnam
9.4.4.6.1 Power Fuse and Fuse Link Segment Dominated Market
9.4.4.7 South Korea
9.4.4.7.1 Transition in Electrical Power Sector Towards Renewables is Expected to Drive Investment in Electric Market
9.4.4.8 Indonesia
9.4.4.8.1 Indonesian Market is Driven By Continuous Industrialization, Commercialization, and the Integration of Renewable Energy
9.5 Middle East & Africa
9.5.1 By Type
9.5.2 By Voltage Range
9.5.3 By End-User
9.5.4 By Country
9.5.4.1 Saudi Arabia
9.5.4.1.1 Investments in Distributed Generation and Grid Expansion is Expected to Drive Market
9.5.4.2 Qatar
9.5.4.2.1 New Distribution Project is Expected to Drive Demand of Market
9.5.4.3 UAE
9.5.4.3.1 Utilities is the Largest End-User for Electric Fuse in the Country
9.5.4.4 South Africa
9.5.4.4.1 Government Plans to Boost Small Scale Residential Power Generation From the Solar Energy Source Will Be Major Driver for Market
9.5.4.5 Rest of Middle East & Africa
9.6 South America
9.6.1 By Type
9.6.2 By Voltage Range
9.6.3 By End-User
9.6.4 By Country
9.6.4.1 Brazil
9.6.4.1.1 Power Fuse and Fuse Link Segment Dominated the Market
9.6.4.2 Argentina
9.6.4.2.1 Low Voltage Segment is Expected to Grow at Fastest Rate During the Forecast Period
9.6.4.3 Venezuela
9.6.4.3.1 Utilities Dominated the Market
9.6.4.4 Rest of South America
10 Competitive Landscape (Page No. - 105)
10.1 Overview
10.2 Ranking of Players & Industry Concentration
10.3 Competitive Scenario
10.3.1 New Product Development
10.3.2 Expansions & Investments
10.3.3 Mergers & Acquisitions
11 Company Prolfles (Page No. - 109)
(Business Overview, Products Offered, Recent Developments, MnM View)*
11.1 Eaton
11.2 ABB
11.3 Schneider Electric
11.4 Siemens
11.5 Hubbell
11.6 Mersen
11.7 Legrand
11.8 Schurter
11.9 S&C Electric Company
11.10 Bel Fuse
11.11 Littlefuse
11.12 G&W
*Details on Business Overview, Products Offered, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.
12 Appendix (Page No. - 136)
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Marketsandmarkets Subscription Portal
12.4 Available Customizations
12.5 Related Reports
12.6 Author Details
List of Tables (117 Tables)
Table 1 T&D Investment & Key End User Growth Rate are the Determining Factors for the Global Electric Fuse Market
Table 2 Electric Fuse Market Snapshot
Table 3 T&D Infrastructure Expansion Plans
Table 4 Smart Grid Investment Grant (Sgig) Program, Components Installed in 2016
Table 5 Electric Fuse Market, By Type, 20162023 (USD Million)
Table 6 Power Fuse & Fuse Link: Market, By Region, 20162023 (USD Million)
Table 7 Distribution Cutout: Market, By Region, 20162023 (USD Million)
Table 8 Cartridge & Plug Fuse: Market, By Region, 20162023 (USD Million)
Table 9 Others: Market, By Region, 20162023 (USD Million)
Table 10 Electric Fuse Market, By Voltage Range, 20162023 (USD Million)
Table 11 Low Voltage Fuse: Market, By Region, 20162023 (USD Million)
Table 12 Medium Voltage Fuse: Market, By Region, 20162023 (USD Million)
Table 13 Global Electric Fuse Market, By End-User, 20162023 (USD Million)
Table 14 Utilities: Market, By Region, 20162023 (USD Mllion)
Table 15 Residential: Market, By Region, 20162023 (USD Mllion)
Table 16 Commercial: Market, By Region, 20162023 (USD Mllion)
Table 17 Industrial: Market, By Region, 20162023 (USD Million)
Table 18 Transportation: Market, By Region, 20162023 (USD Million)
Table 19 Electric Fuse Market, By Region, 20162023 (USD Million)
Table 20 North America: Market, By Type, 20162023 (USD Million)
Table 21 North America: Market, By Voltage Range, 20162023 (USD Million)
Table 22 North America: Market, By End-User, 20162023 (USD Million)
Table 23 North America: Market, By Country, 20162023 (USD Million)
Table 24 US: Electric Fuse Market, By Type, 20162023 (USD Million)
Table 25 US: Market, By Voltage Range, 20162023 (USD Million)
Table 26 US: Market, By End-User, 20162023 (USD Million)
Table 27 Canada: Market, By Type, 20162023 (USD Million)
Table 28 Canada: Market, By Voltage Range, 20162023 (USD Million)
Table 29 Canada: Market, By End-User, 20162023 (USD Million)
Table 30 Mexico: Electric Fuse Market, By Type, 20162023 (USD Million)
Table 31 Mexico: Market, By Voltage Range, 20162023 (USD Million)
Table 32 Mexico: Market, By End-User, 20162023 (USD Million)
Table 33 Europe: Market, By Type, 20162023 (USD Million)
Table 34 Europe: Market, By Voltage Range, 20162023 (USD Million)
Table 35 Europe: Market, By End-User, 20162023 (USD Million)
Table 36 Europe: Market, By Country, 20162023 (USD Million)
Table 37 UK: Electric Fuse Market, By Type, 20162023 (USD Million)
Table 38 UK: Market, By Voltage Range, 20162023 (USD Million)
Table 39 UK: Market, By End-User, 20162023 (USD Million)
Table 40 Germany: Electric Fuse Market, By Type, 20162023 (USD Million)
Table 41 Germany: Market, By Voltage Range, 20162023 (USD Million)
Table 42 Germany: Market, By End-User, 20162023 (USD Million)
Table 43 France: Electric Fuse Market, By Type, 20162023 (USD Million)
Table 44 France: Market, By Voltage Range, 20162023 (USD Million)
Table 45 France: Market, By End-User, 20162023 (USD Million)
Table 46 Spain: Electric Fuse Market, By Type, 20162023 (USD Million)
Table 47 Spain: Market, By Voltage Range, 20162023 (USD Million)
Table 48 Spain: Market, By End-User, 20162023 (USD Million)
Table 49 Italy: Electric Fuse Market, By Type, 20162023 (USD Million)
Table 50 Italy: Market, By Voltage Range, 20162023 (USD Million)
Table 51 Italy: Market, By End-User, 20162023 (USD Million)
Table 52 Rest of Europe: Electric Fuse Market, By Type, 20162023 (USD Million)
Table 53 Rest of Europe: Market, By Voltage Range, 20162023 (USD Million)
Table 54 Rest of Europe: Market, By End-User, 20162023 (USD Million)
Table 55 Asia Pacific: Electric Fuse Market, By Type, 20162023 (USD Million)
Table 56 Asia Pacific: Market, By Voltage Range, 20162023 (USD Million)
Table 57 Asia Pacific: Market, By End-User, 20162023 (USD Million)
Table 58 Asia Pacific: Market, By Country, 20162023 (USD Million)
Table 59 China: Electric Fuse Market, By Type, 20162023 (USD Million)
Table 60 China: Market, By Voltage Range, 20162023 (USD Million)
Table 61 China: Market, By End-User, 20162023 (USD Million)
Table 62 India: Electric Fuse Market, By Type, 20162023 (USD Million)
Table 63 India: Market, By Voltage Range, 20162023 (USD Million)
Table 64 India: Market, By End-User, 20162023 (USD Million)
Table 65 Australia: Market, By Type, 20162023 (USD Million)
Table 66 Australia: Market, By Voltage Range, 20162023 (USD Million)
Table 67 Australia: Market, By End-User, 20162023 (USD Million)
Table 68 Japan: Electric Fuse Market, By Type, 20162023 (USD Million)
Table 69 Japan: Market, By Voltage Range, 20162023 (USD Million)
Table 70 Japan: Market, By End-User, 20162023 (USD Million)
Table 71 Malaysia: Market, By Type, 20162023 (USD Million)
Table 72 Malaysia: Market, By Voltage Range, 20162023 (USD Million)
Table 73 Malaysia: Market, By End-User, 20162023 (USD Million)
Table 74 Vietnam: Electric Fuse Market, By Type, 20162023 (USD Million)
Table 75 Vietnam: Market, By Voltage Range, 20162023 (USD Million)
Table 76 Vietnam: Market, By End-User, 20162023 (USD Million)
Table 77 South Korea: Market, By Type, 20162023 (USD Million)
Table 78 South Korea: Market, By Voltage Range, 20162023 (USD Million)
Table 79 South Korea: Market, By End-User, 20162023 (USD Million)
Table 80 Indonesia: Market, By Type, 20162023 (USD Million)
Table 81 Indonesia: Market, By Voltage Range, 20162023 (USD Million)
Table 82 Indonesia: Market, By End-User, 20162023 (USD Million)
Table 83 Middle East & Africa: Market, By Type, 20162023 (USD Million)
Table 84 Middle East & Africa: Market, By Voltage Range, 20162023 (USD Million)
Table 85 Middle East & Africa: Market, By End-User, 20162023 (USD Million)
Table 86 Middle East & Africa: Market, By Country, 20162023 (USD Million)
Table 87 Saudi Arabia: Market, By Type, 20162023 (USD Million)
Table 88 Saudi Arabia: Market, By Voltage Range, 20162023 (USD Million)
Table 89 Saudi Arabia: Market, By End-User, 20162023 (USD Million)
Table 90 Qatar: Market, By Type, 20162023 (USD Million)
Table 91 Qatar: Market, By Voltage Range, 20162023 (USD Million)
Table 92 Qatar: Market, By End-User, 20162023 (USD Million)
Table 93 UAE: Electric Fuse Market, By Type, 20162023 (USD Million)
Table 94 UAE: Market, By Voltage Range, 20162023 (USD Million)
Table 95 UAE: Market, By End-User, 20162023 (USD Million)
Table 96 South Africa: Market, By Type, 20162023 (USD Million)
Table 97 South Africa: Market, By Voltage Range, 20162023 (USD Million)
Table 98 South Africa: Market, By End-User, 20162023 (USD Million)
Table 99 Rest of Middle East & Africa: Market, By Type, 20162023 (USD Million)
Table 100 Rest of Middle East & Africa: Market, By Voltage Range, 20162023 (USD Million)
Table 101 Rest of Middle East & Africa: Market, By End-User, 20162023 (USD Million)
Table 102 South America: Market, By Type, 20162023 (USD Million)
Table 103 Soth America: Market, By Voltage Range, 20162023 (USD Million)
Table 104 South America: Market, By End-User, 20162023 (USD Million)
Table 105 South America: Market, By Country, 20162023 (USD Million)
Table 106 Brazil: Market, By Type, 20162023 (USD Million)
Table 107 Brazil: Market, By Voltage Range, 20162023 (USD Million)
Table 108 Brazil: Market, By End-User, 20162023 (USD Million)
Table 109 Argentina: Market, By Type, 20162023 (USD Million)
Table 110 Argentina: Market, By Voltage Range, 20162023 (USD Million)
Table 111 Argentina: Market, By End-User, 20162023 (USD Million)
Table 112 Venezuela: Market, By Type, 20162023 (USD Million)
Table 113 Venezuela: Market, By Voltage Range, 20162023 (USD Million)
Table 114 Venezuela: Market, By End-User, 20162023 (USD Million)
Table 115 Rest of South America: Market, By Type, 20162023 (USD Million)
Table 116 Rest of South America: Market, By Voltage Range, 20162023 (USD Million)
Table 117 Rest of South America: Market, By End-User, 20162023 (USD Million)
List of Figures (37 Figures)
Figure 1 Electric Fuses Market, 2017
Figure 2 Asia Pacific Dominated the Electric Fuse Market in 2017
Figure 3 Power Fuses & Fuse Links Segment is Expected to Hold the Largest Share During the Forecast Period
Figure 4 Medium Voltage Segment is Expected to Lead the Market During the Forecast Period
Figure 5 Utilities Segment is Expected to Grow at the Highest Cagr During the Forecast Period
Figure 6 Growing Investment in T&D Investment Plans is Driving the Market, 20182023
Figure 7 The Market in South America is Expected to Grow at the Highest Cagr During the Forecast Period
Figure 8 Power Fuses & Fuse Links and China Dominated the Asia Pacific Market 2017
Figure 9 Medium Voltage Segment is Expected to Dominate the Market During the Forecast Period, 2017
Figure 10 Utilities Segment Dominated the Electric Fuses Market, By End-User, 2017
Figure 11 Market Dynamics for the Market
Figure 12 Investments in Renewable Energy Sources, 20042016 (USD Billion)
Figure 13 The Power Fuse & Fuse Link Segment is Expected to Lead the Market, 2017
Figure 14 The Medium Voltage Segment is Expected to Lead the Market From 2018 to 2023
Figure 15 Utilities Segment is Expected to Lead the Market During the Forecast Period
Figure 16 Regional Snapshot: Asia Pacific is Expected to Grow at the Fastest Rate During the Forecast Period
Figure 17 North America Dominated the Market in 2017
Figure 18 North American Market Snapshot: the Us to Continue Dominating the Market (20162023)
Figure 19 US: Market, By Type, 20182023
Figure 20 Germany: the Largest Market in Europe in 2017
Figure 21 Germany: Market, By Type, 20182023
Figure 22 China: the Largest Market in Asia Pacific in 2017
Figure 23 Asia Pacific Market Snapshot: China is Expected to Continue Dominating the Market (20162023)
Figure 24 Saudi Arabia: the Largest Market in Asia Pacific in 2017
Figure 25 Brazil: the Largest Market in South America in 2017
Figure 26 Key Developments in the Market, 2014December 2018
Figure 27 Ranking of Key Players & Industry Concentration, 2017
Figure 28 Eaton: Company Snapshot
Figure 29 ABB: Company Snapshot
Figure 30 Schneider Electric.: Company Snapshot
Figure 31 Siemens: Company Snapshot
Figure 32 Hubbell: Company Snapshot
Figure 33 Mersen: Company Snapshot
Figure 34 Legrand: Company Snapshot
Figure 35 Schurter: Company Snapshot
Figure 36 Bel Fuse: Company Snapshot
Figure 37 Littlefuse: Company Snapshot
This study involved 4 major activities to estimate 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 was 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.
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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 size-using the market size estimation processes as explained above-the 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 sub-segment, 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 electric fuse 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 the competitive developments such as contracts & agreements, expansions, new product developments, mergers & acquisitions, and partnerships in the market
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