Electric fuse market has significant market size owing to its application as a safety device in an electrical circuit. It is used as a prot`The flow of high current through a wire for which it is not designed and manufactured can cause heating, melting or burning which can lead to severe accidents of fire. In order to avoid such condition, an electrical fuse is used in the circuit. The electric fuse is used to maintain the electrical circuit at the desired current level. Whenever the current gets higher than the allowed the fuse to get melts and breaks the connection and saves the whole circuit. The major factors which are driving the electric fuse market are increasing infrastructural development and rising demand for luxurious vehicles. Infrastructural development at residential places, commercial places as well as utilities will augment the need for electric equipment directly and so electric fuses. Rising usage of luxurious products in the vehicles are also rising the need for electrical equipment in a vehicle. At present, 30% of the whole cost of vehicles is associated with the electronics equipment. High adoption of the smart grid is also expected to augment the market. However, fast adoption of the circuit breaker is hampering the growth of the market during the forecast period.

Segmental Outlook 

An electric fuse can be AC fuse and DC fuse. The global electric fuse market is segmented on the basis of type, voltage, and end-user. By type, the market has been segmented into cartridge & plug fuse, power fuse & fuse link, and distribution cut-outs. It is estimated that the distribution cutout is expected to show a significant growth rate during the forecast period. By voltage, the market is segmented into low voltage and high voltage electric fuse. Low voltage fuses mainly involve cartridge type, liquid type HRC, expulsion type fuse. A low voltage fuse includes cartridge type fuse, Drop out fuse, rewireable type fuse and switch fuse.

Global Electric Fuses Market Share by End-User, 2018 (%)

By end-user market, Transportation segment is expected to be fastest in the global electric fuses market

By end-user, the market is segmented into industrial, residential, commercial, transportation, and others. It is expected that the transportation sector is expected to show lucrative growth during the forecast period. It is due to the continuously rising demand for the luxurious features in the vehicle which include automatic gearing system, electronic stability system, a navigation system, and so on. Rising electronic equipment in the vehicles will augment the electronic product market and hence electric fuse industry. Vehicle sales are on the rise continuously and especially high-end cars. As per the International Organization of Motor Vehicle Manufacturers, in 2017, more than 96.8 million were sold globally as compared to 93.9 million in 2016 with a growth of 3.1% year-on-year basis. Rising trend of an electric vehicle is expected to contribute significantly in the market.

Regional Outlook

The global electric fuse market is further segmented on the basis of geography including North America, Europe, Asia-Pacific and Rest of the World. North America is expected to have a significant share due to huge investment in infrastructure, especially in the commercial sector. There is significant market share in the Europe attributed to high adoption of the advanced power grid and strict government regulation. Further, African countries are also expected to have a considerable growth in the market due to continuous infrastructure development in the region.

Global Electric Fuse Market Growth, by Region 2019-2025

Asia-Pacific shows lucrative growth in market

It is expected that the Asia-Pacific is expected to grow significantly market during the forecast period. Major countries which will contribute to the market in the Asia Pacific are China, India, and Japan. Continues development toward the availability of electricity due to infrastructural development is one of the major factors rising demand for an electric fuse in the region. The automotive market is also expected to grow at a significant rate in this region which will further propel the growth of the market in the region. Other populous countries such as Indonesia and Bangladesh will also provide a significant market in the region.

Market Players Outlook

The major players that contribute to the growth of the global electric fuses market include ABB Ltd., Bel Fuse Inc., Eaton Corp., G&W Electric Co., Hubbell Inc., Legrand SA, Littelfuse, Inc., Mersen Corporate Services SAS, S&C Electric Company, Schneider Electric SE, Schurter, Inc., and Siemens AG. These market players are contributing to the market by adopting various market approaches which include merger and acquisition, partnership with government, innovate techniques for infrastructure development in order to gain a strong position in the market.

Recent Activities

• In January 2019, Mersen Corporate Services SAS has launched new Modulostar fuse-disconnector for applications with power cylindrical low voltage fuses. The product is simpler, compact and robust as compared to their earlier products.
• In December 2018, Schurter Inc. has extended its product portfolio of the SHF 6.3×32 Series Ceramic Fuses. The company now offers in 19 rated currents ranging from 500 mA to 32 A. The new included current rating are 500 mA, 630 mA, and 800 mA versions.

The Report Covers

• Market value data analysis of 2018 and forecast to 2025.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global electric fuse market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.