Low Voltage Fuse Market

Global Low Voltage Fuse Market Analysis and Opportunity Assessment by Product Type, Type, Application, Region, and Country – Forecast 2022 – 2032

The market is expected to generate an incremental $ opportunity of US$ 4,649.2 Mn between 2022 and 2032

Category: Clean Energy & Power

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ID: CVC-00309

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Format: PDF+Excel Dataset

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Published Date: October 2022

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Pages: 300

Low Voltage Fuse Market Size Analysis

According to a recent survey conducted by ChemView Consulting, the Global Low Voltage Fuse Market grew at a CAGR of 3.8% between 2017-2021 and is estimated to be US$ 9,134.8 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 4.2% and is expected to reach a valuation of US$ 13,784.0 Mn by 2032 end.

There is a significant demand for reliable connections as electric connectivity is continuously expanding and increasing, in order to keep the inconveniences to a minimal. Such factors are important enough to aid in the market for low voltage fuses becoming more prominent.

Market Dynamic

PROTECT HIGH-END ELECTRONICS DRIVES THE MARKET FOR LOW-VOLTAGE FUSE

The low-voltage fuse market is one of the leading products in the exploding environmental protection industry. To protect devices from short circuits, a low-voltage fuse is used. This provides a safe and reliable connection between the two electrical parts, reducing their destructive potential. Low-voltage fuses are used in many industrial and residential applications, including transformers, UPS systems, power supply units (PSU), switches, lights, and meters.

THE RISK OF ELECTRIC SHOCK HAMPERS THE MARKET GROWTH

A small limitation of this market is electric shock, which occurs due to inconsistent current flow through cables. In such situations, electrical devices can overheat, and if the condition worsens, fires can break out. Cable assemblies must be closely supervised when connected or re-connected to equipment.

THE RISE IN THE R&D SECTOR WILL CREATE MORE OPPORTUNITIES FOR THE MARKET

In the future, with innovations in electrical wire technologies and better current stabilization systems, this barrier will soon be overcome. Fuses can capture uncontrolled electrical energy that flows through the coils. But you ask for it when you are done with your paperwork, which means anytime the power or voltage is progressing through the fuse, it occupies the development, and its metallic body thaws after the power transition that goes through it.

Low Voltage Fuse Market

Market Segments Covered in Report

By Product Type :

  • Electric Fuse
  • Electronic Fuse

By Type

  • Semi-enclosed low voltage fuse
  • Enclosed cartridge low voltage fuse
    • D-type cartridge low voltage fuse
    • Link-type cartridge low voltage fuse
      • Knife blade low voltage fuse
      • Bolted low voltage fuse
    • Drop-out fuse
    • Switch fuse

By Application:

  • Domestic use
  • Small-scale industries
  • Commercial consumers
  • Utility

By Region and Country:

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
  • Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
  • Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Segment-Wise Analysis

Why is the Electric fuse segment projected to have the highest demand during the forecast period?

Factors such as rising demand for electronic fuses in the electronic industry, increase of electronic equipment in automobiles and the construction industry, increasing per capita energy consumption, and increasing investment in the power generation sector support the growth of the fuse market. However, the electric fuse segment is estimated to command the largest share of the global market in 2021; it is also one of the fastest-growing segments during the forecast period due to the huge consumption of electric fuses in electric transmission & distribution networks and circuit & motor protection

Why is the utility segment expected to expand the fastest during the forecast period?

In 2021, the utility application market will rule. The utility application segment is estimated to command the largest share of the global fuse market in 2021 due to the increasing investment in electricity generation, transmission, and distribution, the short life span, and the low replaceability cost of fuses used in the utility segment.

The fast development of IT technologies has led to the increased adoption of IT applications in various operations of the industry, leading to high electrical energy consumption. Therefore, there is a need for efficient power generation to handle future electricity demand, thus proliferating the market for all such protection devices.

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.

  • In 2021, the Asia Pacific market held a sizeable revenue share of 44.8%, mainly attributed to increasing per capita electricity consumption due to growing urbanization and industrialization, the construction sector, and demand for advanced electric and electronic appliances. More, a strong manufacturing base and rising investment for power generation and development of electricity infrastructure in the region’s developing countries boost the growth of the electric and electronic fuse market.
  • The U.S. is the primary driver of regional growth in North America, which has the second-largest proportion of the Low Voltage Fuse market. The high demand for energy security and efficient energy management will spur an increase in the installed base over the next few years in North America. This demand is expected to increase with several factors, such as growing electricity consumption from commercial, industrial, and residential sectors and rising population growth. In addition, digitalization trends are also driving global electricity consumption for commercial purposes.

Competition Analysis

Major corporations are utilizing organic and inorganic development tactics to strengthen their position in the market by diversifying the products they provide.

A list of some of the key suppliers present in the market are:

  • Littelfuse, Inc.
  • ABB Ltd.
  • Mersen S.A.
  • Schneider Electric SE
  • Bel Fuse Inc.
  • Bourns Inc.
  • SCHURTER AG
  • Eaton Corporation Plc
  • Siemens AG
  • SIBA GmbH
  • Conquer Electronics Co., Ltd.
  • EFEN GmbH
  • Hollyland
  • Electronic Technology Co., Ltd.
  • Protectron Electromech Pvt Ltd.
  • Xiamen SET Electronics Co. Ltd.
  • Larsen & Toubro Limited
  • G&W Electric Company
  • Fuji Electric Co., Ltd.

Report Coverage and Highlights

  • Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
  • Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
  • The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
  • Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
  • Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
  • Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
  • Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
  • Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
  • Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
  • Strategic market analysis, recommendations, and future headways on crucial winning strategies.
Research Scope Details
Forecast period 2022-2032
Historical data available for 2017-2021
Market analysis USD Million for Value and Tons for Volume, and CAGR from 2022 to 2032
Key regions covered North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa
Key countries covered US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt
Key segments covered By Product Type, Type, Application, and Region
Customization scope Available upon Request
Pricing and purchase options Available upon Request
  • Report Includes

    Market Size Data

    • Global market size data, historical (2018 to 2022) and forecast (2023 to 2033), by each segment and region
    • Regional level market size data, historical (2018 to 2022) and forecast (2023 to 2033), by each segment and country
    • Country level market share data, historical (2018 to 2022) and forecast (2023 to 2033), by each segment
    • Market attractiveness analysis based on market share index and CAGR index for each of the segments and regions
    • Incremental dollar opportunity generated in the forecast period would be indicated
    • Key Takeaways, Recommendations, and key investment pockets for the relevant segments would be highlighted

    Market Background

    • Macroeconomic factors that impact the market developments
    • Market dynamics (Drivers, Restraints, Opportunities) that positively or negatively influence market growth
    • Supply Side and Demand Side trends – trends witnessed from buyers and suppliers side
    • Production and Consumption Gap Analysis – analysis of gap between production and consumption in any geography to fulfil unmet demand
    • Trade analysis and analysis of key supply and demand hubs
    • Identification of hotbed opportunities existing in the market
    • Porter’s and PEST analysis to understand the business environment of the geography
    • Regulatory scenario – Identification of key sector specific and trade regulations, and assessment of whether it helps or hinder market development & growth

    Pricing Analysis

    • Regional-level product pricing analysis to set and benchmark your current or future product offerings across each product type
    • Historical and projected pricing trends of the product which helps in determining the product’s price and/or services beneficial for companies product lifecycle
    • Cost teardown analysis and key factors impacting pricing

    Value Chain Analysis

    • Country-wise list of raw material suppliers
      • Raw material price trends and buyers’ sentiment
      • Overview of Intelligent Sourcing Technique
      • Raw material procurement requirements
      • Vendor selection criteria
    • Country-wise list of product manufacturers
    • Country-wise list of distributors/traders
    • Country-wise list of end-users
      • End-Users/Customers consumption mapping
      • Key End-Users/Customers client list
    • Country-wise list of other key channel partners
    • Average profitability margins
    • Regional value chain dynamics

    Competition Analysis

    • Market shares and production capacities of key players
    • Tier structure analysis of market
    • Comprehensive competition dashboard representing the top 10-15 players in the market
    • Individual company profiles of top 15 to 20 manufacturers
      • Business Overview
      • Product Portfolio
      • Key Financials
      • Recent Developments
      • SWOT Analysis
      • Strategies

Country Coverage
North America: U.S., Canada
Latin America: Brazil, Mexico, Argentina, Central America, Rest of Latin America
Western Europe: Germany, Italy, France, UK, Spain, Poland, Romania, Rest of Western Europe
Eastern Europe: Russia & Belarus, Balkan Countries, Baltic Countries, Central Asia, Rest of Eastern Europe
Middle East & Africa: KSA, UAE, Turkey, Israel, Northern Africa, South Africa, Rest of Middle East & Africa
East Asia: China, Japan, South Korea
South Asia & Pacific: India, ASEAN, Australia & New Zealand, Rest of South Asia & Pacific

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Frequently Asked Questions

In the forecast period between 2022 and 2032, the market is expected to grow at a CAGR of 4.2%.

Due to growing safety concerns about short circuits and damage from power fluctuations, modern equipment is becoming increasingly popular in the electronics, automotive, and telecommunications sectors. This is one of the key drivers fueling the growth of the circuit breaker and fuse market.

Major global Low Voltage Fuse Market players are Littelfuse, Inc., ABB Ltd., Mersen S.A., Schneider Electric SE, Bel Fuse Inc., Bourns Inc., SCHURTER AG, Eaton Corporation Plc, Siemens AG, SIBA GmbH, Conquer Electronics Co., Ltd., EFEN GmbH, Hollyland, Electronic Technology Co., Ltd., Protectron Electromech Pvt Ltd., Xiamen SET Electronics Co. Ltd., Larsen & Toubro Limited, G&W Electric Company, Fuji Electric Co., Ltd.

The price of raw materials (gold and silver) has risen over the decade. This is because the high cost of raw materials is expected to hamper the market growth.

The Asia Pacific region is expected to account for the largest market revenue share in the Global Low Voltage Fuse market.

  1. Executive Summary
    • Global Market Snapshot
    • Key Success Factors
    • Strategic Analysis and Recommendations
  2. Market Overview
    • Market Taxonomy
    • Market Definitions
  3. Research Methodology
    • Preliminary Investigation & Research Design
    • Secondary Research & Primary Research
    • Data Analysis & Econometric Modelling
    • Expert Data Validation
  4. Key Emerging Trends Analysis
    • Supply-Side Trends
    • Demand-Side Trends
  5. Global Low Voltage Fuse MarketValue (US$ Mn) and Volume (Tons) Analysis
    • Global Market Value (US$ Mn) Analysis, 2017 – 2032
    • Incremental $ Opportunity Index, 2022-2032
    • Global Market Volume (Tons) Analysis, 2017 – 2032
  6. Global Low Voltage Fuse MarketPricing Analysis
    • Regional Level Pricing Analysis and Forecast
      • Manufacturers Level Pricing
      • Distributor Level Pricing
    • Global Pricing Analysis Benchmark
    • Cost Breakdown Analysis
  7. Cross-Sectional Analysis
    • Cross Analysis of Application W.R.T. Product Type
  8. Supply Vs. Demand Analysis
    • Regional Supply Vs. Demand Gap Assessment
    • Top Producing Countries Analysis
  9. Market Background
    • Macroeconomic Factors
    • Forecast Factors
    • Market Dynamics
      • Driver
      • Restraint
      • Opportunity
    • Supply Chain Analysis
      • List Raw Material Suppliers
      • List of Manufacturers
      • List of Distributors
      • List of End-Users
      • End-Users Consumption Analysis
      • Average Profitability Margin Analysis
    • Covid-19 Impact Assessment
      • Economy/Cluster Projections
      • Covid-19 Economic Assessment
      • Impact on Target Market
      • Recovery Scenario
    • Regulatory Framework
      • Regulations of Key Countries
      • Potential Impact of Regulations
    • Porter’s Five Forces Analysis
    • Technology Landscape
  10. Global Low Voltage Fuse Market 2017 – 2032 By Product Type
    • Introduction
    • Key Market Trends
    • Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Product Type [Value (US$ Mn) and Volume (Tons) Analysis]
      • Electric Fuse
      • Electronic Fuse
    • Market Attractiveness Analysis by Product Type
  11. Global Low Voltage Fuse Market 2017 – 2032 by Type
    • Introduction
    • Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Type [Value (US$ Mn) and Volume (Tons) Analysis]
      • Semi-enclosed low voltage fuse
        • Enclosed cartridge low voltage fuse
          • D-type cartridge low voltage fuse
          • Link-type cartridge low voltage fuse
            • Knife blade low voltage fuse
            • Bolted low voltage fuse
          • Drop-out fuse
          • Switch fuse
        • Market Attractiveness Analysis by Type
  1. Global Low Voltage Fuse Market 2017 – 2032 by Application
    • Introduction
    • Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Application [Value (US$ Mn) and Volume (Tons) Analysis]
      • Domestic use
      • Small-scale industries
      • Commercial consumers
    • Market Attractiveness Analysis by Application
  2. Global Low Voltage Fuse Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2032 by Region
    • Introduction
    • Key Market Trends
    • Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Region [Value (US$ Mn) and Volume (Tons) Analysis]
      • North America
      • Latin America
      • Europe
      • Asia-Pacific
      • Middle East
      • Africa
    • Market Attractiveness Analysis by Region
  3. North America Low Voltage Fuse Market Historical Analysis 2017 – 2021 and Forecast 2022-2033
    • Introduction
    • Key Market Trends
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
      • By Country
        • U.S.
        • Canada
      • By Product Type
      • By Type
      • By Application
    • Market Attractiveness Analysis
      • By Country
      • By Product Type
      • By Type
      • By Application
  1. Latin America Low Voltage Fuse Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2032
    • Introduction
    • Key Market Trends
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
      • By Country
        • Brazil
        • Mexico
        • Rest of Latin America
      • By Product Type
      • By Type
      • By Application
    • Market Attractiveness Analysis
      • By Country
      • By Product Type
      • By Type
      • By Application
  1. Europe Low Voltage Fuse Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2032
    • Introduction
    • Key Market Trends
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
      • By Country
        • Germany
        • Italy
        • France
        • UK
        • Spain
        • Netherlands
        • Norway
        • Russia
        • Rest of Europe
      • By Product Type
      • By Type
      • By Application
    • Market Attractiveness Analysis
      • By Country
      • By Product Type
      • By Type
      • By Application
  1. Asia-Pacific Low Voltage Fuse Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2032
    • Introduction
    • Key Market Trends
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
      • By Country
        • China
        • Japan
        • South Korea
        • India
        • Indonesia
        • Thailand
        • Vietnam
        • Australia & New Zealand
        • Rest of Asia-Pacific
      • By Product Type
      • By Type
      • By Application
    • Market Attractiveness Analysis
      • By Country
      • By Product Type
      • By Type
      • By Application
  1. Middle East Low Voltage Fuse Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2032
    • Introduction
    • Key Market Trends
    • Pricing Analysis
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
      • By Country
        • Saudi Arabia
        • Turkey
        • U.A.E.
        • Rest of the Middle East
      • By Product Type
      • By Type
      • By Application
    • Market Attractiveness Analysis
      • By Country
      • By Product Type
      • By Type
      • By Application
  1. Africa Low Voltage Fuse Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2032
    • Introduction
    • Key Market Trends
    • Pricing Analysis
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
      • By Country
        • South Africa
        • Nigeria
        • Egypt
        • Rest of Africa
      • By Product Type
      • By Type
      • By Application
    • Market Attractiveness Analysis
      • By Country
      • By Product Type
      • By Type
      • By Application
  2. Competition Analysis
    • Tier Structure Breakdown
    • Market Share Analysis
    • Production Capacity Analysis
    • Company Footprint Analysis
      • Product Footprint of Players
      • Regional Footprint of Players
      • Channel Footprint of Players
    • Brand Preference Analysis
    • Competition Dashboard
  3. Company Profiles
    • Littelfuse, Inc.
      • Company Overview
      • Product & Financial Portfolio
      • Manufacturing Facilities
      • Recent Developments
      • SWOT Analysis
      • Strategy Overview
    • ABB Ltd.
    • Mersen S.A.
    • Schneider Electric SE
    • Bel Fuse Inc.
    • Bourns Inc.
    • SCHURTER AG
    • Eaton Corporation Plc
    • Siemens AG
    • SIBA GmbH
    • Conquer Electronics Co., Ltd.
    • EFEN GmbH
    • Hollyland
    • Electronic Technology Co., Ltd.
    • Protectron Electromech Pvt Ltd.
    • Xiamen SET Electronics Co. Ltd.
    • Larsen & Toubro Limited
    • G&W Electric Company
    • Fuji Electric Co., Ltd.
  4. Assumptions and Acronyms

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