Selbyville, Delaware, Aug. 07, 2019 (GLOBE NEWSWIRE) --
North America electric fuse market growth driven by growing emphasis toward reducing the overload conditions and ensuring reliable and uninterruptible power supply in conjunction with initiatives toward grid modernization to replace the obsolete electric infrastructure. As per the Department of Energy, nearly 70% of the transmission and distribution lines are more than 25 years old. Moreover, favorable government measures toward “deep electrification” of automobiles including buses, electric cars and high-speed rails across the region will significantly impact the business scenario.
High suitability across extensive range of end use applications including electronics, home appliances, and electrical cabling will foster the low voltage electric fuse industry growth. Increasing demand for white goods & consumer electronics driven by rising individual per capita income along with rising need to protect sophisticated battery packs utilized in portable products will stimulate the product penetration.
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Enhanced focus of utilities toward the upgradation of ageing electric infrastructure and ensuring grid reliability & security to suffice the peak load demand will stimulate the high voltage electric fuse market growth. Furthermore, rising efforts to avoid power blackouts & ensuring effective power distribution along with growing inclination of utilities toward economic power protection equipment will complement the business outlook.
Global Electric Fuse Market is set to surpass USD 4 Billion by 2025, as reported in the latest study by Global Market Insights, Inc. Growing regulatory focus toward emission reduction from vehicles coupled with recent developments toward electric mobility will drive the electric fuse market growth. In addition, rising production of passenger and commercial vehicles across emerging economies driven by burgeoning demand will stimulate the product adoption. For instance, in India, the production of passenger vehicles in 2015 was around 3.3 million which increased to 3.9 million in 2017. Moreover, ongoing advancements in the electronics and home appliances is necessitating the need for miniature circuit protection devices, thus propelling the industry growth.
Large scale suburban migration across the emerging economies coupled with increasing standards of living has enhanced the commercial electric fuse demand. In addition, robust growth across the hospitality sector, increasing number of shopping complexes has triggered the demand for air conditioners, motors, inverters, thereby augmenting the industry outlook.
Browse key industry insights spread across 844 pages with 1852 market data tables & 41 figures & charts from the report, “Electric Fuse Market By Voltage (Low {<100V, 100V-250V, 250V-400V, >400V}, High {1kV-11kV, 11kV-33kV, >33kV}), By Current Rating (<500A, 500A-2000A, 2000-4000A, >4000A), By Application (Residential, Commercial, Industrial, Utility) By End-Use (Power Transformers, Home Electrical Cabling, Electrical Appliances, Electronic Devices, Automotive, Others) Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, UK, France, Germany, Italy, Austria, Spain, Netherlands, Denmark, Finland, Sweden, Poland, Romania, Norway, Russia, Belarus, Kazakhstan, Armenia, Kyrgyzstan, China, Japan, India, South Korea, Australia, Indonesia, Malaysia, Singapore, Thailand, New Zealand, Philippines, Saudi Arabia, UAE, Qatar, Kuwait, Bahrain, Oman, Turkey, South Africa, Nigeria, Algeria, Tunisia, Egypt, Israel, Morocco, Jordan, Lebanon, Azerbaijan, Moldova, Tajikistan, Turkmenistan, Ukraine, Uzbekistan, Brazil, Argentina, Colombia, Chile) Application Potential, Competitive Market Share & Forecast, 2019 - 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/electric-fuse-market
Enhanced focus of utilities toward the upgradation of ageing electric infrastructure and ensuring grid reliability & security to suffice the peak load demand will stimulate the high voltage electric fuse market growth. Furthermore, rising efforts to avoid power blackouts & ensuring effective power distribution along with growing inclination of utilities toward economic power protection equipment will complement the business outlook.
Increasing integration of distributed energy sources to the grid to meet the continuously growing power demand from residential & industrial applications will augment the electric fuse market. Long term reliability, high breaking capacity at reasonable cost and limited maintenance requirements are some the prominent parameters encouraging the product adoption. Increasing sophistication of selective disconnection & overcurrent sensing will require smart fuses for disconnecting currents. Propensity to prevent safety hazards including fire and catastrophic failure to the expensive power equipment will further fuel the product demand.
Notable participants across the electric fuse market include Littelfuse, ABB, Eaton, Siemens, Schneider, Fuji, Panasonic, General Electric, Pacific Engineering, TE Connectivity, Mitsubishi, Legrand, AVX, Hubbell, Edison Fusegear, Bel Fuse, C&S Electric, Mersen, Larsen & Toubro amongst others.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.