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Global Electric Fuse Market 2017-2021 provide forecast and analysis of the global electric fuse on global and regional level. The report provides historic data with forecast from 2017 to 2021 based on volume and revenue.Complete report on electric fuse market spread across 72 pages, analyzing 5 major companies and providing 30 data exhibits are now available at http://www.reportsnreports.com/reports/917385-global-electric-fuse-market-2017-2021.html .
The analysts forecast global electric fuse market to grow at a CAGR of 4.42% during the period 2017-2021. 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.
According to the electric fuse market 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.
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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.
The report, Global Electric Fuse Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. 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.
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The following companies are the key players in the global electric fuse market: ABB, Bel Fuse, Eaton, Littelfuse, and Mersen. Other Prominent Vendors in the market are: AVX Corporation, Bourns, Fuji Electric, Legrand, Mitsubishi Electric, Schneider Electric, SCHURTER, and Siemens.
A fuse prevents electricity overload that protects electrical and electronic devices connected to the circuit. Electric fuses have different applications and the voltage requirement for each of these applications is different.
The global electric fuse market is a mature market and is characterized by the presence of multiple manufacturers competing for a higher market share. To gain a competitive advantage and increase market share, manufacturers focus on innovative and efficient product offerings at an affordable price.
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