The Global fuse market size is estimated to be valued at USD 7 billion in 2018

Global Fuse Market Analysis

The Global fuse market size is estimated to be valued at USD 7 billion in 2018 and will register a CAGR of 5.7% between 2017 and 2028.

The global fuse market is at its maturity scale. However, is witnessing rapid transition towards slimmer and smart technologies. The industry is highly fragmented with presence of various players. While, fuse market is concentrated in Europe and North America, China and India have relatively larger number of small and mid-scale players in operations. Successful capitalization of the market could help companies to witness 1.5X increase in the revenue.

Global Fuse Market Dynamics

Global fuse market is driven by various factors ranging from macroeconomics to supply side and demand side drivers. Much of the demand is generated by efficient power distribution systems. Globally, power distribution has risen by 13% in last decade. As such, various allied sectors has benefited from it including electronic accessories providers. Huge potential is seen in Africa and Asia Pacific. Africa accounts for over 13% of global population, however, has just 4% share in total electric consumption. The percent share has increased in last few years with implementation of various government policies.

Furthermore, construction sector is gaining prominence in developing regions. Growth in construction sector will create lucrative market opportunities for industry verticals including fuse suppliers. As per the estimate, China and India are spending heavily on smart city projects that are equipped with modern technologies. Over USD 2 Trillion is expected to be spend on smart city projects in India. This will create substantial market opportunity for all industry players.

Companies are emphasizing on smart fuse for energy efficient homes. As per the Bekryl Market Analysts, advancement in artificial technology will be a megatrend for all electrical appliances. Rapid advancement could led to deployment of sizeable fuse that will adjust automatically adjust according to degree of heat.

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4 Key Insights on Global Fuse Market Size| Strategic Report 2018 - 2028

Global Fuse Market Size is estimated to be valued over USD 7 billion in 2018 - with Asia Pacific…

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Global Fuse Market Size Analysis, By End-use

By end-use, global fuse market has been analyzed on the basis of its application across consumer electronics, power generation, construction, industrial sectors, automotive, and others. Power generation and construction sector collectively accounted for over 61% of total share in 2017.

Global Fuse Market Size Analysis, Regional Analysis

Globally, Asia Pacific is expected to dominate the global fuse market throughout the forecast period followed by North America. In 2017, North America and Asia Pacific accounted for over 68% of total share. China accounted for major chunk of the regional in Asia Pacific. As per the estimates, fuse sales in China is nearly 6X higher compared to that of India. As such, China accounts for over 55% of total Asia Pacific share. The share is expected to further rise with increase in construction spending. China is highly fragmented market with presence of various small scale players. Price based competition can be seen in the region owing to local production by small industry players.

North America, on the other hand, has relatively concentrated market with majority of the market share dominated by leading players. Over 46 million electric fuse units were sold in the region in 2017. Companies in North America are investing on research & development for development of smart fuse. The move could help leading companies to strengthen their regional dominance and business presence. Lately, fuse are also gaining traction in hybrid vehicles. It is expected that electric vehicles will take over 70% of the conventional vehicles by 2030. As such, this will create favorable market opportunity for fuse suppliers and manufacturers.

Global Fuse Market Size Analysis, Competition Landscape

Some key fuse market players are ABB Ltd., Panasonic Electronic Devices Co., Ltd., Mitsubishi Materials Corporation, Bel Fuse Inc., Littelfuse, Inc., Ta-I Technology Co., Ltd., Schneider Electric, Sano Corporation, Eaton Corporation, TE Connectivity Ltd., Mersen, Matsuo Electric Co Ltd and Polytronics.

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