NEW
YORK, June 24, 2024 /PRNewswire/ -- The
global fuse holder market size is estimated to grow by
USD 398.3 million from 2024-2028,
according to Technavio. The market is estimated to grow at a CAGR
of 4.36% during the forecast period. Growth in
EV sales is driving market growth, with a trend
towards growing demand for telecom towers in APAC.
However, uncertainties in global economic growth poses a
challenge. Key market players include Brunswick Corp., Bulgin Ltd.,
Eaton Corp. Plc, Elcom International Pvt. Ltd., Faurecia SE, Grote
Industries LLC, HPL Electric and Power Ltd., Keystone Electronics
Corp, Littelfuse Inc., LOVATO Electric Spa, Lucy Group Ltd., Mersen
Corporate Services SAS, Rittal GmbH and Co. KG, Rockwell Automation
Inc., Schneider Electric SE, SCHURTER Holding AG, Siemens AG, TE
Connectivity Ltd., Viair Corp., and WAGO GmbH and Co. KG.
Get a detailed analysis on regions, market
segments, customer landscape, and companies- View the
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Fuse Holder Market
Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
4.36%
|
Market growth
2024-2028
|
USD 398.3
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
4.11
|
Regional
analysis
|
APAC, North America,
Europe, South America, and Middle East and Africa
|
Performing market
contribution
|
APAC at 38%
|
Key
countries
|
US, China, Japan,
Germany, and UK
|
Key companies
profiled
|
Brunswick Corp., Bulgin
Ltd., Eaton Corp. Plc, Elcom International Pvt. Ltd., Faurecia SE,
Grote Industries LLC, HPL Electric and Power Ltd., Keystone
Electronics Corp, Littelfuse Inc., LOVATO Electric Spa, Lucy Group
Ltd., Mersen Corporate Services SAS, Rittal GmbH and Co. KG,
Rockwell Automation Inc., Schneider Electric SE, SCHURTER Holding
AG, Siemens AG, TE Connectivity Ltd., Viair Corp., and WAGO GmbH
and Co. KG
|
Market Driver
The telecom sector's expansion, driven by rising mobile
subscriptions and advanced services like 5G, is leading to an
increase in telecom tower installations, particularly in APAC.
China and India are significant contributors, with
China aiming to double its tower
installations due to 5G migration. Renewable energy sources, such
as wind and solar, are being adopted to power telecom towers and
reduce carbon footprint. This shift towards green energy is
expected to boost the demand for fuse holders in the global market
during the forecast period.
The Fuse Holder market is experiencing significant growth due to
increasing demand for electrical components in various industries.
Fuse supplies and holders are essential for protecting electrical
circuits from overcurrent. Fossil fuels and renewable energy
sources are driving the demand for these products. Fuse types
include automatic, manual, and time-delay. Producers are focusing
on cost-effective production and improving product durability. The
market is competitive with key players offering a wide range of
products. Customers look for reliable, efficient, and
cost-effective solutions. The future of the fuse holder market lies
in advanced technologies like smart fuses and IoT
integration.
Research report provides comprehensive data on
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Report
Market Challenges
• The global
economic instability, particularly in regions with significant OEM
presence for electrical and electronic devices, reduces credit
availability and raises interest rates. This increase in
manufacturing costs leads to higher product prices, potentially
decreasing market demand and negatively impacting net sales revenue
for vendors. Foreign exchange market fluctuations also affect
imports and exports, reducing profit margins for global market
players in the fuse holder industry. Economic downturns in key
markets like China, Brazil, and Russia have caused delays and cancellations of
projects, further impacting demand for fuse holders during the
forecast period.
• The Fuse
Holder market faces several challenges in the current technology
landscape. The use of complex components such as Fuses, Holder,
Current Transformers, and Automatic Circuit Breakers necessitates a
high level of precision and reliability. The need for
cost-effective solutions while maintaining quality is a significant
challenge. Additionally, the increasing demand for miniaturization
and the integration of various technologies like EV Charging and
Renewable Energy Systems add to the complexity. The requirement for
compliance with various safety standards and regulations further
complicates the market. Effective supply chain management and
innovation in design and materials are essential to overcome these
challenges and stay competitive in the Fuse Holder market.
For more insights on driver and
challenges - Request a sample report!
Segment Overview
This fuse holder market report extensively covers market
segmentation by
- Type
- 1.1 Open fuse holder
- 1.2 Fully enclosed fuse holder
- End-user
- 2.1 Power
- 2.2 Automobile
- 2.3 Electrical and electronics
- Geography
- 3.1 APAC
- 3.2 North America
- 3.3 Europe
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Open fuse holder- The global fuse holder
market experiences significant growth due to its extensive usage in
the electrical and electronics industry. With technology's
continuous advancement, the demand for fuse holders increases in
various electronic devices like desktop PCs and TVs. Industrial
applications, particularly in power and automotive sectors, require
fuse holders to protect circuits and equipment from overcurrents.
Infrastructure projects, such as building construction and
transportation systems, also incorporate fuse holders into their
electrical systems. The rising popularity of electronic devices in
the consumer market further boosts the market's expansion during
the forecast period.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2017-2021) - Download a Sample Report
Research Analysis
In the upcoming years, the fuse holder market is anticipated to
experience significant growth due to the rising need for enhanced
safety and reliability in various applications, including
automotive and telecommunications industries. High currents and
overcurrent protection are primary factors driving the demand for
fuse holders. Cartridge-type fuses, with their safety sheaths and
cost-effective design, are increasingly preferred in automotive
applications. The automotive sector's transition towards emerging
technologies, such as electric vehicles (EVs), autonomous vehicles,
and wireless connectivity, will further boost the market's growth.
In telecom applications, the increasing number of telecom towers,
cell phones, and communication towers necessitates the use of
intelligent electrical solutions, which include advanced fuse
blocks. The global demand for these solutions is expected to
continue rising in the upcoming years.
Market Research Overview
The Fuse Holder market encompasses a variety of components
designed to securely house and protect electrical fuses. These
holders come in various types, including ceramic, glass, and
cartridge types. They are essential in electrical systems to
prevent overcurrent and ensure the safe operation of electrical
circuits. Fuse holders are typically made of materials such as
ceramic, glass, or plastic, and are available in different voltage
ratings and current capacities. The market for fuse holders caters
to various industries, including automotive, industrial, and
consumer electronics, among others. The demand for fuse holders is
driven by the increasing use of electrical systems in various
applications and the need for reliable and safe electrical
components.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Type
-
- Open Fuse Holder
- Fully Enclosed Fuse Holder
- End-user
-
- Power
- Automobile
- Electrical And Electronics
- Geography
-
- APAC
- North America
- Europe
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio