An electrical fuse can be defined as a device which is used to
interrupt the flow of current by interrupting the electrical circuit
during the condition of over current caused by short circuit and/or
overload. During over current, the fuse element melts and saves the
circuit as it disconnects the supply from the load. Electrical fuses
are classified under different voltage segments such as low voltage
fuses and high voltage fuses. On the basis of voltage level of
installations, the electrical fuses market in North America has been
segmented into two categories; low voltage fuses and high voltage
fuses wherein plug-in fuses and cartridge fuses are the segments the
low voltage fuses has been further categorized into. The electrical
fuses market on the basis of application has been segmented into
automotive, construction, consumer electronics, industrial, power
generation and others. By country, the market has been segmented into
the U.S., Canada and Mexico. The above segments have been covered in
terms of both revenue (USD million) and volume (units million).
The need for reliable power delivery in North America is one of the
primary factors responsible for the growth of the electrical fuses
market in the region. The demand for electricity has been
significantly high as a result of various factors such as economic
growth, technological advancements and increase in population in the
past few decades. The construction and automotive sectors across
North America are witnessing significant growth since the last few
years which in turn has resulted in an increased demand for
electrical fuses. Large spending on housing and automobiles is
driving demand for electrical fuses in the region. The construction
sector is also experiencing a boom which in turn has triggered demand
for electrical fuses in North America. These factors in combination
are expected to drive the demand for electrical fuses in North
America during the forecast period.
Technical Aspects of Electrical Fuses - http://bit.ly/2ajYUNv
However, the advent of counterfeit switchgear and its components has
adversely impacted the growth opportunities for the electrical fuses
market. These products often copy the external look and design of
leading companies’ products and are of poor quality and less
reliable. Profitability of original switchgear manufacturers has
decreased due to the presence of counterfeit switchgears in the
market.
North America possesses significant opportunities for the growth of
the electrical fuses market. Electric vehicles and solar energy are
expected to witness a boom in the near future and are projected to be
emerging markets for electrical fuses. There is greater diversity of
fuses in vehicles as vehicles consume more power than before. Hence,
the count of electric fuses in vehicles is projected to increase.
The company profiles of the major players in the electrical fuses
market in North America has been extensively covered under the
purview of the study. Moreover, the business strategies being adopted
by the major players in the market have also been included in the
report. The market attractive analysis and value chain analysis have
also been provided in the report for providing a detailed insight
into the North America electrical fuses market.
The market dynamics, which includes the market drivers, restraints
and opportunities, has also been included under the scope of the
report. Market dynamics help to understand the current trends in the
global market by providing insights of the distinctive factors that
influence the growth of the specific market. Thus, this report
provides an inclusive study of the North America electrical fuses
market.
Some of the major players operating in North America electrical fuses
market are: ABB Ltd, S&C Electric Company, Eaton Corporation, G&W
Electric Company, General Electric, Mitsubishi Electric, Bel Fuse
Inc., Schneider Electric SA, Siemens AG, Mersen S.A and Littelfuse,
Inc among others.
No comments:
Post a Comment