Global Electric Fuse Market - Premium Insight, Industry Trends, FPNV Positioning Matrix with Forecas
The Global Electric Fuse Market is expected to grow from USD 3,185.65 million 2017 to USD 3,956.86 million by the end of 2024 at a Compound Annual Growth Rate (CAGR) of 3.15%.
“Increasing safety awareness related to short circuits and damage due to power fluctuations
is one of the factors largely attributing to the growth of electric fuse market globally”
The factors attributing to the growth of the market are increasing safety awareness related to short circuits and damage due to power fluctuations, increasing investments in renewable and energy storage, increasing investments in t&d infrastructure plans, and reinforcement of investments in the construction sector. However, some factors such as presence of substitutes such as mcbs, mccbs, and relays in the market, and growing investments in smart grid vision may hinder the market growth. The global electric fuse market is expected to showcase the opportunities such as upgrading of feeder line protection and existing substations, and performance-based incentive schemes and definite service programs.
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On the basis of type, the global electric fuse market is studied across Cartridge & Plug Fuse, Distribution Cutout, and Power Fuse & Fuse Link. Among all these type, the Power Fuse & Fuse Link is projected to hold the largest market share while the Cartridge & Plug Fuse has the potential to grow the market with the highest CAGR in the forecast period.“Low Voltage: The highest growing voltage for the global electric fuse market”
On the basis of voltage, the global electric fuse market is studied across Low Voltage and Medium Voltage. Among all these voltage, the Low Voltage is projected to hold the largest market share while the Medium Voltage has the potential to grow the market with the highest CAGR in the forecast period.“Utilities: The highest growing end user for the global electric fuse market”
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Last Update : Nov 30, 2019
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|Item Owner : Vidhya Nigam|
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