Market Overview:
The global low voltage fuse market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for low voltage power distribution systems and rising awareness about safety and security measures. Based on type, the plug-in fuse segment is expected to lead the global low voltage fuse market during the forecast period. This can be attributed to its easy installation and use in various applications. Based on application, the low voltage power distribution segment is projected to lead the global market during 2018-2030 owing to its widespread use across various industries such as commercial, industrial, and residential sectors. Regionally, North America dominates the global Low Voltage Fuse Market followed by Europe due high adoption rate of latest technologies in these regions respectively .
Product Definition:
A low voltage fuse is a component of an electrical system that is designed to protect against overcurrents and short circuits by interrupting the circuit. Low voltage fuses are typically used in systems with voltages below 600 volts. They are available in a variety of sizes and shapes, and are made from a variety of materials, including glass, ceramic, and plastic.
Plug-In Fuse:
Plug-in fuses are used in low voltage applications such as electric tools, home appliances, and motor driven equipment. They have a protective circuit that protects the device from overloads and short circuits. It has three basic components namely body, tag or label and plug. The fuse is manufactured in bulk to order by the manufacturers according to their requirements which are then sold to end users at a fixed price per piece irrespective of the quantity ordered by the user.
Screw-Type Fuse:
Screw-type fuses consist of two metal plates, which are normally installed inside a plastic or ceramic casing. The fuse is designed to protect the circuit from damage due to abnormal electrical situations such as short circuits and overloads. It does not repair the damaged circuits but rather prevents new damages from occurring by breaking down electric current in controlled amounts.
The most common types of screw-type fuses include time delay.
Application Insights:
The distribution application segment dominated the global market in terms of revenue share in 2017. The growth can be attributed to the increasing demand for low voltage power distribution products from residential, commercial and industrial applications across the globe. Distribution type fuse is used to protect electric lines, transformers and other equipment against overloading or short circuit conditions. These are also used as a protection device for circuits carrying high voltages that require additional insulation between conductors and additional strength against physical damage before they are connected to heavy electrical machinery such as motors or generators.
High-voltage power distribution application is projected to witness significant growth over the forecast period owing to rising demand from industrial applications including oil & gas refineries, chemical plants along with other infrastructure projects such as data centers, IT offices etcetera globally.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth of this region is attributed to rapid industrialization and increasing adoption of electric vehicles in countries such as China, India, Japan, and South Korea. Moreover, rising demand for consumer electronics products such as mobile phones and laptops has led to an increase in power consumption across industries. This has resulted in a growing need for fuse protection across various applications.
The Asia Pacific region accounted for approximately 30% of the overall revenue share in 2017 owing to its large population base along with developing economies that are majorly driven by manufacturing activities within its geographical footprint including Taiwan Semiconductor Manufacturing Company (TSMC), Samsung Electronics Co., Ltd., Micron Technology Inc., Infineon Technologies AG among others who are actively involved in product innovation & development activities resulting into high product demand over the forecast period.
Growth Factors:
- Increasing demand for low voltage fuse in the automotive industry as a result of increasing production of electric and hybrid vehicles.
- Growing demand for low voltage fuse from the renewable energy sector due to increase in installation of solar and wind power projects.
- Rising demand for low voltage fuse from the construction sector due to growth in infrastructure development activities worldwide.
- Increasing adoption of low voltage fuses in consumer electronics products owing to their safety features and miniaturization trend across these products segments
Scope Of The Report
Report Attributes
Report Details
Report Title
Low Voltage Fuse Market Research Report
By Type
Plug-In Fuse, Screw-Type Fuse, Closed-Type Fuse, Other
By Application
Low Voltage Power Distribution, High Voltage Power Distribution
By Companies
ABB, Siemens, Heyna, Bull, CHNT, Fenlong, ABB
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
202
Number of Tables & Figures
142
Customization Available
Yes, the report can be customized as per your need.
Global Low Voltage Fuse Market Report Segments:
The global Low Voltage Fuse market is segmented on the basis of:
Types
Plug-In Fuse, Screw-Type Fuse, Closed-Type Fuse, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Low Voltage Power Distribution, High Voltage Power Distribution
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABB
- Siemens
- Heyna
- Bull
- CHNT
- Fenlong
- ABB
Highlights of The Low Voltage Fuse Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Plug-In Fuse
- Screw-Type Fuse
- Closed-Type Fuse
- Other
- By Application:
- Low Voltage Power Distribution
- High Voltage Power Distribution
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Low Voltage Fuse Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
- Market Entry Strategies
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A low voltage fuse is a safety device used to protect electrical equipment from damage caused by over-currents. When an overload or short circuit occurs, the low voltage fuse will open and interrupt the flow of electricity to the affected equipment.
Some of the major companies in the low voltage fuse market are ABB, Siemens, Heyna, Bull, CHNT, Fenlong, ABB.
The low voltage fuse market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Low Voltage Fuse Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Low Voltage Fuse Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Low Voltage Fuse Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Low Voltage Fuse Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Low Voltage Fuse Market Size & Forecast, 2020-2028
4.5.1 Low Voltage Fuse Market Size and Y-o-Y Growth
4.5.2 Low Voltage Fuse Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Plug-In Fuse
5.2.2 Screw-Type Fuse
5.2.3 Closed-Type Fuse
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Low Voltage Power Distribution
6.2.2 High Voltage Power Distribution
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Low Voltage Fuse Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Low Voltage Fuse Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Plug-In Fuse
9.6.2 Screw-Type Fuse
9.6.3 Closed-Type Fuse
9.6.4 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Low Voltage Power Distribution
9.10.2 High Voltage Power Distribution
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Plug-In Fuse
10.6.2 Screw-Type Fuse
10.6.3 Closed-Type Fuse
10.6.4 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Low Voltage Power Distribution
10.10.2 High Voltage Power Distribution
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Plug-In Fuse
11.6.2 Screw-Type Fuse
11.6.3 Closed-Type Fuse
11.6.4 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Low Voltage Power Distribution
11.10.2 High Voltage Power Distribution
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Plug-In Fuse
12.6.2 Screw-Type Fuse
12.6.3 Closed-Type Fuse
12.6.4 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Low Voltage Power Distribution
12.10.2 High Voltage Power Distribution
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Plug-In Fuse
13.6.2 Screw-Type Fuse
13.6.3 Closed-Type Fuse
13.6.4 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Low Voltage Power Distribution
13.10.2 High Voltage Power Distribution
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Low Voltage Fuse Market: Competitive Dashboard
14.2 Global Low Voltage Fuse Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Siemens
14.3.3 Heyna
14.3.4 Bull
14.3.5 CHNT
14.3.6 Fenlong
14.3.7 ABB
