Worldwide Analysis on the Electric Fuse Market, 2019 to 2023 - Low Voltage, Utilities, and Asia-Pacific Expected to Lead their Respective Segments - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Feb 25, 2019--The “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” report has been added to ResearchAndMarkets.com’s offering.
The global electric fuse market is projected to reach USD 4.3 billion by 2023 from an estimated USD 3.5 billion in 2018, at a CAGR of 4.24%.
This growth can be attributed to factors such as growing investments in renewable and energy storage, increasing investments in T&D infrastructure plans, and revival of investments in the construction sector. However, increasing demand for substitutes such as MCBs, MCCBs, and protection relays and Increasing investments in smart grid vision is expected to restrict the growth of the market.
The low voltage segment is expected to be the fastest growing market from 2018 to 2023
The low voltage fuse market is driven by rising investments in renewable energy generation & distribution and rising demand for energy storage on a large scale. Moreover, the residential and commercial sector is increasing its expenditure for the protection of electrical power systems. The type of fuses in the low voltage range are mainly miniature fuses, cartridge fuses, plug fuses, PV fuses, and link type fuses.
The utilities segment by end-users is expected to be the largest market from 2018 to 2023
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.
Asia Pacific: The fastest growing market for electric fuse market
The rising grid investments in 2015, 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 2016, 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.
1 Introduction 1.1 Objectives of the Study 1.2 Definition 1.3 Market Scope 1.4 Years Considered for the Study 1.5 Currency 1.6 Limitation 1.7 Stakeholders
2 Research Methodology 2.1 Research Methodology Scope 2.2 Market Size Estimation 2.3 Some of the Insights of Industry Experts
3 Executive Summary
4 Premium Insights 4.1 Attractive Opportunities in the Electric Fuse Market During the Forecast Period 4.2 Electric Fuse Market, By Region 4.3 Asia Pacific Electric Fuse Market, By Type & Country 4.4 Electric Fuse Market, By Voltage 4.5 Electric Fuse Market, By End Users
5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 18.104.22.168 Growing Investments in Renewable and Energy Storage 22.214.171.124 Increasing Investments in T&D Infrastructure Plans 126.96.36.199 Revival of Investments in Construction Sector 5.2.2 Restraints 188.8.131.52 Increasing Demand for Substitutes Such as MCBS, MCCBS and Relays 184.108.40.206 Increasing Investments in Smart Grid Vision 5.2.3 Opportunities 220.127.116.11 Upgrading of the Existing Substations and Feeder Line Protection 18.104.22.168 Execution of Performance-Based Incentive Schemes and Definite Service Programs 5.2.4 Challenges 22.214.171.124 Delays in Grid Expansion Projects
6 Electric Fuse Market, By Type 6.1 Introduction 6.2 Power Fuse & Fuse Link 6.3 Distribution Cutout 6.4 Cartridge & Plug Fuse 6.5 Others
7 Electric Fuse Market, By Voltage Range 7.1 Introduction 7.2 Low Voltage 7.3 Medium Voltage
8 Electric Fuse Market, By End-User 8.1 Introduction 8.2 Utilities 8.3 Residential 8.4 Commercial 8.5 Industrial 8.6 Transportation
9 Electric Fuse Market, By Region 9.1 Introduction 9.2 North America 9.3 Europe 9.4 Asia Pacific 9.5 Middle East & Africa 9.6 South America
10 Competitive Landscape 10.1 Overview 10.2 Ranking Of Players & Industry Concentration 10.3 Competitive Scenario
11 Company Profiles 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
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Related Topics:Electrical Switches
KEYWORD: ASIA PACIFIC NORTH AMERICA
INDUSTRY KEYWORD: ENERGY OTHER ENERGY
SOURCE: Research and Markets
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PUB: 02/25/2019 06:04 AM/DISC: 02/25/2019 06:04 AM