News

Apr 26, 2023

Electric Fuse Market Predicted to Make a Robust Comeback After the Pandemic Debacle with a Striking CAGR of 7.7% in the 2022

The global electric fuse market is expected to witness prominent growth by 2031,

The global electric fuse market is expected to witness prominent growth by 2031, due to the increasing applications of electric fuses in the industrial sector. The Asia-Pacific region generated the highest revenue in 2021.

NEW YORK, May 29, 2023 /PRNewswire/ -- Global Electric Fuse Market Forecast Analysis:

As per the report published by Research Dive, the global electric fuse market is anticipated to generate a revenue of $9,246.3 million and rise at a healthy CAGR of 7.7% over the analysis timeframe from 2022 to 2031.

Segments of the Electric Fuse Market

The report has divided the electric fuse market into the following segments:

Voltage: low, medium, and high

End-User: residential, commercial, industrial, and others

Region: North America, Europe, Asia-Pacific, and LAMEA

To get access to the Complete PDF Sample of Electric Fuse Market Click Here!

Dynamics of the Global Electric Fuse Market

The rising use of green energy sources and the growing investments in renewable energy sources for electricity generation are the major factors expected to fortify the growth of the electric fuse market during the analysis period. Besides, the increasing use of electric fuses to protect overcurrent flow is further expected to amplify the growth of the market in the coming period. However, the smart grid vision and other alternatives, such as MCBs and MCCBs may hinder the growth of the market throughout the forecast period.

The planned power generation capabilities across various countries are expected to create wide growth opportunities for the market throughout the estimated period. Moreover, the rising use of electric fuses in medium-voltage substations for feeder and distribution line protection and providing continuous power supply from creating long-term power outages are expected to boost the growth of the electric fuse market over the analysis period.

Covid-19 Impact on the Global Electric Fuse Market

The outbreak of the Covid-19 pandemic has had a negative impact on the electric fuse market, likewise, various other industries. This is mainly due to the halt of investments from various end-use industries due to the economic slowdown. Moreover, the disruptions in the supply chain have further delayed the delivery of raw materials and components needed for the production of electric fuses. Additionally, the import-export restrictions and the negative impact on the construction and automobile industries in terms of sales and acquisitions of new projects have drastically decreased the demand for electric fuses over the crisis.

Check out COVID-19 Impact on Electric Fuse Market. Connect with an Expert Analyst or Schedule a call

Key Players of the Global Electric Fuse Market

The major players of the market include

Littelfuse Inc.

Eaton Corporation Plc

Mersen S.A

Fuji Electric Co. Ltd

Bel Fuse Inc.

Schneider Electric SE

SCHURTER AG

Siemens AG

Conquer Electronics Co. Ltd.

ABB Ltd.

These players are mainly working on developing strategies such as product development, merger and acquisition, partnerships, and collaborations to gain a leading position in the global industry.

For instance, in April 2021, Siemens, a German multinational conglomerate corporation announced the launch of its new Sentron 3NA COM LV HRC fuse link which is integrated with communication and measurement functionality. This compact device is designed for 400 volts low-voltage grids and can be broadly used in secondary substations and industrial plants.

Request Customization of Electric Fuse Market Report as per your Definition and Format & Avail of Amazing Discount

What the Report Covers

Apart from the information summarized in this press release, the final report covers crucial aspects of the market including SWOT analysis, market overview, Porter's five forces analysis, market dynamics, segmentation (key market trends, forecast analysis, and regional analysis), and company profiles (company overview, operating business segments, product portfolio, financial performance, and latest strategic moves and developments.)

More about Electric Fuse Market:

A Quick Look at the Different Types of Electric Fuses Available in the Market

Global Electric Fuse Market to Generate $9,246.3 Million by 2031, Due to Increased Applications of Electric Fuse in Industrial Sector

Some Trending Reports:

The Global RF Filter Market Size is predicted to be valued at $48,095.6 million by 2031

The Global Thin Film Chip Resistor Market Size is predicted to be valued at $1,046.4 million by 2031

The Global MEMS Microphone Market Size is predicted to be valued at $6,002.4 million by 2031

About Research Dive

Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With an unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.

Contact:Mr. Abhishek PaliwalResearch Dive30 Wall St. 8th Floor, New York NY 10005(P) +91-(788)-802-9103 (India)+1-(917)-444-1262 (US)Toll Free: 1-888-961-4454E-mail: [email protected] Website: https://www.researchdive.comBlog: https://www.researchdive.com/blog/LinkedIn: https://www.linkedin.com/company/research-dive/Twitter: https://twitter.com/ResearchDiveFacebook: https://www.facebook.com/Research-Dive-1385542314927521

Logo: https://mma.prnewswire.com/media/997523/Research_Dive_Logo.jpg

View original content:https://www.prnewswire.com/news-releases/electric-fuse-market-predicted-to-make-a-robust-comeback-after-the-pandemic-debacle-with-a-striking-cagr-of-7-7-in-the-2022-2031-timeframe-280-pages--disclosed-by-research-dive-301836360.html

SOURCE Research Dive