Market Overview:
The global solar PV fuse market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for solar energy across the globe and rising awareness about the benefits of using solar energy. In terms of type, the midget fuse segment is expected to lead the global solar PV fuse market during the forecast period. This can be attributed to its low cost and easy installation.
Product Definition:
A Solar PV Fuse is a fuse designed to protect solar photovoltaic (PV) modules and arrays from damage due to short-circuits or over-currents. Solar PV fuses are available in amperages ranging from 2 A to 300 A, and are typically installed in series with the positive lead of each module or string of modules.
Midget Fuse:
Midget fuse is a small sized electrical device used in solar photovoltaic (PV) systems. It protects the main power supply in case of reverse current flow or short circuit. The growth factor for midget fuse market is mainly due to the growing demand for renewable energy and government regulations that require an increase in safety measures across various industries.
The global midget fuse market was valued at USD 6,867.7 thousand in 2015.
Class R Fuse:
The global class R Fuse market size was valued at USD 5.6 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. Class R fuses are used in solar photovoltaic (PV) systems to protect the system from short circuits, high temperatures, and excessive current loads that can damage modules or other parts of the PV array if not handled properly.
Application Insights:
Based on application, the global solar PV fuse market has been segmented into a power generation system and photovoltaic system. The power generation system segment dominated the overall market in terms of revenue share in 2017. This is attributed to growing demand for grid-connected solar power systems from residential and commercial sectors across various regions including North America, Europe, Asia Pacific and Middle East & Africa.
The increasing number of installations coupled with rising awareness regarding clean energy is propelling demand for large scale integrated solar PV modules with high efficiency fuses over Class F3s or F4s that can withstand high currents without tripping protection devices thereby ensuring safe operation at maximum output capacities.
Regional Analysis:
Asia Pacific is anticipated to emerge as the fastest-growing regional market over the forecast period. The growth can be attributed to increasing government support for renewable energy, rising awareness about solar power generation systems, and growing investments in R&D for improving efficiency of solar cells and modules. China was at the forefront of global demand owing to its large installed capacity in 2016. It is also projected that this region will register highest CAGR during the forecast period due to factors such as supportive government policies and initiatives pertaining towards deployment of renewable energy along with a large population looking towards alternative sources of electricity supply.
Europe accounted for over 20% share in 2016 owing to early adoption by countries like Germany which has set an example with its own power generation system based on windmills and photovoltaic panels coupled together called “Energiewende†(energy transition).
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization in developing countries
- Government policies and regulations supporting solar PV installations
- Reduction in the cost of solar PV systems due to technological advancements and economies of scale
- Rising awareness about the benefits of solar PV among consumers and businesses
- Expansion of the electric grid infrastructure to accommodate increasing levels of solar PV generation
Scope Of The Report
Report Attributes
Report Details
Report Title
Solar PV Fuse Market Research Report
By Type
Midget Fuse, Class R Fuse, Class J Fuse, NH or Square Body Style Fuse
By Application
Solar Power Generation System, Solar Photovoltaic System
By Companies
Eaton, Littelfuse, Mersen, Schurter, Socomec, DF Electric, Phoenix Contact, Tongou Electric, Zhejiang Geya Electrical, Suntree Electirc, Eaton
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
141
Number of Tables & Figures
99
Customization Available
Yes, the report can be customized as per your need.
Global Solar PV Fuse Market Report Segments:
The global Solar PV Fuse market is segmented on the basis of:
Types
Midget Fuse, Class R Fuse, Class J Fuse, NH or Square Body Style Fuse
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
Solar Power Generation System, Solar Photovoltaic System
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:
- Eaton
- Littelfuse
- Mersen
- Schurter
- Socomec
- DF Electric
- Phoenix Contact
- Tongou Electric
- Zhejiang Geya Electrical
- Suntree Electirc
- Eaton
Highlights of The Solar PV 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:
- Midget Fuse
- Class R Fuse
- Class J Fuse
- NH or Square Body Style Fuse
- By Application:
- Solar Power Generation System
- Solar Photovoltaic System
- 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 Solar PV 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 solar PV fuse is a safety device used to protect photovoltaic (PV) systems from overloads. When the system becomes overloaded, the fuse will trip and disconnect power from the panels, preventing any further damage.
Some of the major companies in the solar pv fuse market are Eaton, Littelfuse, Mersen, Schurter, Socomec, DF Electric, Phoenix Contact, Tongou Electric, Zhejiang Geya Electrical, Suntree Electirc, Eaton.
The solar pv fuse market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Solar PV 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 Solar PV Fuse Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Solar PV 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 Solar PV 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 Solar PV Fuse Market Size & Forecast, 2018-2028
4.5.1 Solar PV Fuse Market Size and Y-o-Y Growth
4.5.2 Solar PV Fuse Market Absolute $ Opportunity
Chapter 5 Global Solar PV Fuse 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 Solar PV Fuse Market Size Forecast by Type
5.2.1 Midget Fuse
5.2.2 Class R Fuse
5.2.3 Class J Fuse
5.2.4 NH or Square Body Style Fuse
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Solar PV Fuse 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 Solar PV Fuse Market Size Forecast by Applications
6.2.1 Solar Power Generation System
6.2.2 Solar Photovoltaic System
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Solar PV 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 Solar PV 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 Solar PV Fuse Analysis and Forecast
9.1 Introduction
9.2 North America Solar PV Fuse 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 Solar PV Fuse Market Size Forecast by Type
9.6.1 Midget Fuse
9.6.2 Class R Fuse
9.6.3 Class J Fuse
9.6.4 NH or Square Body Style Fuse
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 Solar PV Fuse Market Size Forecast by Applications
9.10.1 Solar Power Generation System
9.10.2 Solar Photovoltaic System
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 Solar PV Fuse Analysis and Forecast
10.1 Introduction
10.2 Europe Solar PV Fuse 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 Solar PV Fuse Market Size Forecast by Type
10.6.1 Midget Fuse
10.6.2 Class R Fuse
10.6.3 Class J Fuse
10.6.4 NH or Square Body Style Fuse
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 Solar PV Fuse Market Size Forecast by Applications
10.10.1 Solar Power Generation System
10.10.2 Solar Photovoltaic System
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 Solar PV Fuse Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Solar PV Fuse 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 Solar PV Fuse Market Size Forecast by Type
11.6.1 Midget Fuse
11.6.2 Class R Fuse
11.6.3 Class J Fuse
11.6.4 NH or Square Body Style Fuse
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 Solar PV Fuse Market Size Forecast by Applications
11.10.1 Solar Power Generation System
11.10.2 Solar Photovoltaic System
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 Solar PV Fuse Analysis and Forecast
12.1 Introduction
12.2 Latin America Solar PV Fuse 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 Solar PV Fuse Market Size Forecast by Type
12.6.1 Midget Fuse
12.6.2 Class R Fuse
12.6.3 Class J Fuse
12.6.4 NH or Square Body Style Fuse
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 Solar PV Fuse Market Size Forecast by Applications
12.10.1 Solar Power Generation System
12.10.2 Solar Photovoltaic System
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) Solar PV Fuse Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Solar PV Fuse 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) Solar PV Fuse Market Size Forecast by Type
13.6.1 Midget Fuse
13.6.2 Class R Fuse
13.6.3 Class J Fuse
13.6.4 NH or Square Body Style Fuse
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) Solar PV Fuse Market Size Forecast by Applications
13.10.1 Solar Power Generation System
13.10.2 Solar Photovoltaic System
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 Solar PV Fuse Market: Competitive Dashboard
14.2 Global Solar PV Fuse Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Eaton
14.3.2 Littelfuse
14.3.3 Mersen
14.3.4 Schurter
14.3.5 Socomec
14.3.6 DF Electric
14.3.7 Phoenix Contact
14.3.8 Tongou Electric
14.3.9 Zhejiang Geya Electrical
14.3.10 Suntree Electirc
14.3.11 Eaton
