Technavio, a tech-focused market research firm, has published a new report on the global fuse holder market, which is expected to grow at a CAGR of close to 3% during the forecast period 2016-2020.
Based on geographical segmentation, Technavio market researchers categorize the market into the following key regions: The Americas, APAC, and EMEA.
|
GEOGRAPHICAL REGIONS |
CAGR 2020 (%) |
|
APAC |
3.99% |
|
Americas |
2.54% |
|
EMEA |
2.07% |
Source: Technavio
Click here to request a free sample of this report
Global fuse holder market in APAC: The incremental investments in power infrastructure and growth in the automotive and construction sectors will make APAC the fastest growing region in the market. The economic development in various countries in APAC will boost the demand for fuse holders in the region during the forecast period. Countries like India and China will emerge as key revenue generators in the APAC market.
According to Anju Ajaykumar, a lead analyst at Technavio, specializing in research on tools and components, “The rising quantum of spending by governments on power infrastructure in countries such as China, Japan, and India will help in the development of the market. The installation of circuit protection in power systems such as HVDC, UHVDC, and line-commutated converter HVDC will have a positive impact on the market.”
Global fuse holder market in the Americas: The development of power infrastructure is one of the significant contributors to the growth of this market. The demand for fuses is rising owing to the revamping of power grids in the US and thereby drive the demand for fuse holders. The increasing investment in smart grid technologies across the Americas will augment the growth of the market in this region.
Global fuse holder market in EMEA: The development of power generation and distribution infrastructure the Middle East and Africa will contribute to the growth of the market in this region. The growing utilization of renewable sources of energy is a major growth driver for the market in EMEA. European countries such as Germany, the UK, the Netherlands, and Denmark are extensively investing in renewable energy projects, especially wind and solar and this will result in the growth of the market.
Ask an analyst to know more about this report
The top leading vendors operating in the global fuse holder market are:
- Eaton
- Littelfuse
- Schurter
- TE Connectivity
Other prominent vendors in the market include Hella, Autobarn, Keystone Eectronic, Rittal Enclosure Systems, Blue Sea Systems, and Bulgin.
A more detailed analysis is available in the Technavio report titled, ‘Global Fuse Holder Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Power Rental Market in Southeast Asia 2016-2020
- Global Electrical Enclosures Market for Power Industry 2016-2020
- Telecom Power System Market in North America 2016-2020
To read more press releases – click here
For any assistance or query, please contact our media team at:
media@technavio.com
US: +1 630 333 9501
UK: +44 208 123 1770
https://www.technavio.com/
