The global electric fuse market to grow at a CAGR of 4.42% during the period 2017-2021.
The report covers the present scenario and the growth prospects of the global electric fuse market for 2017-2021. To calculate the market size, the report covers the demand for electric fuses from different end-user industries. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market.
One trend in the market is the growth in adoption of automotive electronics. Increased demand for automotive electronics is one of the major trends expected to drive the demand for electric fuses from the automotive industry during the forecast period. Electronic components used in vehicles necessitate the use of electric fuses for the safety of electronic components.
Automotive electronics represent 30%-35% of the total manufacturing costs of a vehicle. The use of automotive electronics has increased because of the growing demand for advanced in-car systems such as premium audio systems, advanced driver assistance systems, on-board diagnostic systems, infotainment systems, and electronic transmission.
According to the report, one driver in the market is the expanding construction industry. The construction industry is expanding significantly worldwide. Multiple factors are leading to the expansion of the construction industry. The developed countries and emerging markets are expected to double in the next 10 years. As the construction industry expands, the demand for electricity will expand along with the reliable power management solutions.
Further, the report states that one challenge in market is the increasing use of circuit breakers. Circuit breakers are used for the same purpose like the fuse. However, they have some advantages over fuses. The increasing prominence of power system management has popularized circuit breakers more than fuses because of their user-friendly nature.
- Bel Fuse
Other prominent vendors
- AVX Corporation
- Fuji Electric
- Mitsubishi Electric
- Schneider Electric
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by end-user
Part 07: Geographical segmentation
Part 08: Market drivers
Part 09: Market challenges
Part 10: Impact of drivers and challenges
Part 11: Market trends
Part 12: Key vendor analysis
Part 13: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/f76wk7/global_electric