A fuse prevents electricity overload that protects electrical and electronic devices connected to the circuit. Electric fuses have different applications and the voltage requirement for each of these applications is different.
The analysts forecast the global electric fuse market to grow at a CAGR of 4.2% during the period 2018-2022.
One of the latest trends gaining traction in this market is the growth in the adoption of automotive electronics. Electronic components used in vehicles necessitate the use of electric fuses for the safety of electronic components. The growing demand for advanced in-car systems such as premium audio systems, advanced driver assistance systems, on-board diagnostic systems, infotainment systems, and electronic transmission has been the major factor for the rise in sales of electric fuses in the automotive electronics sector. Also, the extensive use of high-end infotainment systems among luxury vehicle manufacturers will further propel the growth of the global electric fuse market during the forecast period.
The global electric fuse market is a mature market and is characterized by the presence of multiple manufacturers competing for a higher market share. To gain a competitive advantage and increase market share, manufacturers focus on innovative and efficient product offerings at an affordable price.
In 2019, the market size of Electric Fuse is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Electric Fuse.
This report studies the global market size of Electric Fuse, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the Electric Fuse production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
In global market, the following companies are covered:
Market Segment by Product Type
High voltage fuses
Low voltage fuses
Market Segment by Application
Electrical and electronics
Key Regions split in this report: breakdown data for each region.
Rest of World (Japan, Korea, India and Southeast Asia)
The study objectives are:
To analyze and research the Electric Fuse status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key Electric Fuse manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies and applications
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
In this study, the years considered to estimate the market size of Electric Fuse are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025