Low Voltage Fuse Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

Low Voltage Fuse Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

  • Transparency Market Research
  • Ongoing
  • Energy

Report Description

When the current in a circuit exceeds a certain value, the electrical fuse acts as a current interrupting device, which breaks or opens the circuit by fusing the element. Low voltage systems act as a sacrificial element, which are placed in the electrical power systems. They acts as a type of over current protective devices. Low voltage fuse generally refers to the mains voltages as used by industrial, commercial, and residential consumers. Low voltage fuse acts as an automatic mode of avoiding excess current to flow in electric systems.

The low voltage fuse market can be segmented based on type and application. Based on type, the market is segregated into semi-enclosed or rewirable low voltage fuse, totally enclosed cartridge low voltage fuse, drop-out fuse, and switch fuse. The major composition constitutes of rewirable low voltage fuse consists of a porcelain base which holds the wires. Low voltage Kit-Kat fuse is another name for the semi enclosed type of low voltage fuse. The totally enclosed cartridge low voltage fuse segment is further sub-segmented into D type cartridge low voltage fuse and link type cartridge low voltage fuse. Major components of a D type low voltage fuse are adapter ring, the cartridge, fuse base, and the cap. The link type sub-segment can be further split into knife blade and bolted types of low voltage fuse. A drop-out type of fuse works on the principle of drop in melting point of the fuse element. The striker type of low voltage fuse uses mechanical forces with enough force and displacement functioning.

In terms of application, the low voltage fuse market is segmented into domestic use, commercial consumers, and small-scale industries. A drop-out type of low voltage fuse is utilized to protect outdoor transformers. Rewirable or semi-enclosed low voltage fuses are widely employed in domestic wiring and small-scale industries. Low voltage fuses are still utilized in several places such as cars and basic electrical components in spite of technological advances and the usage of circuit breakers.

The concept utilizing different types of low voltage fuses focuses primarily on safety and protection in order to minimize the damage from short circuit and over currents Rapid advancements have been witnessed in the development of low voltage fuses. Major advantages of using low voltage fuses ease of installation assembly, disassembly and replacement without risking any electrical injury.

A risk of electric shock still exist; however, it is only a minor risk, which is a restraint of the low voltage fuse market. In a real-time situation, the current flowing through the wires may not be consistent at times. In such cases, electrical appliances are likely to overheat. Chances of a fire outbreak are also high if the fuse is not installed appropriately.

In terms of geography, countries in Asia Pacific such as China, India, Japan, and Singapore are emerging markets and witness high demand for low voltage fuse. Rising demand for low voltage fuse is due to rapid industrialization and developing smart cities initiative. Countries in Europe such as the U.K., Germany, and France are witnessing an increasing demand for low voltage fuse due to the rapid rise in industrial activities. Demand for low voltage fuse is increasing gradually in North America, due to U.S. Government plans to refurbish its infrastructure plans. Countries in Africa and Latin are expected to boost the market for the rising demand for low voltage fuse market in near future.

Key players operating in the low voltage fuse market are Fuji Electric, Eaton, Zhejiang Zhiguang Fuse Co. Ltd., Littlefuse Ltd, and C & S Electric, and etc.  

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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