Global Fuse Holder Market 2016-2020
About Fuse Holder
Fuse holders are electronic devices that are used for containing, mounting, and protecting fuses. Fuse holders basically come in two types: open and fully enclosed. Open fuse holders are fuse blocks, clips, plug-in caps, and socket varieties. Fully enclosed fuse holders use a fuse carrier, which is inserted into the holder or some other part to fully enclose the fuse.
Technavio’s analysts forecast the global fuse holder market to grow at a CAGR of 2.92% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global fuse holder market for 2016-2020. To calculate the market size, the report presents the vendor landscape and a corresponding detailed analysis of the top vendors in the market.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Fuse Holder Market 2016-2020
Technavio recognizes the following companies as the key players in the global fuse holder market: Eaton, Littelfuse, Schurter, and TE Connectivity.
Other Prominent Vendors in the market are: Hella, Autobarn, Keystone Eectronic, Rittal Enclosure Systems, Blue Sea Systems, and Bulgin.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing demand for telecom towers in APAC. The telecom sector is witnessing continuous growth due to rising cell phone penetration. With the number of subscribers growing year on year, telecom tower installations and advanced services such as 3G and 4G are also increasing. APAC is likely to be a significant contributor to the growth of the global telecom market. China is the largest contributor in the overall telecom sector, with 1.3 billion mobile subscribers and around 1.3 million telecom towers. The country is expected to double the number of telecom tower installations in the coming two years owing to subscriber migration from 2G and 3G to 4G telecom services.”
According to the report, one driver in the market is growth in EV sales. Fuse holders have a wide range of applications in EVs. Over the past few years, the interest in EVs in the US automotive sector has surged, with manufacturers beginning to introduce new EVs with advanced technology. The country is aiming to become the global leader in next-generation vehicle technologies. With the support of financial incentives and R&D, the country aims at lessening its dependence on petroleum products for transportation; therefore, the future for EVs seems to be optimistic. The sales of plug-in electric vehicles (PHEVs) in the US was 50.1 thousand units in 2005, and this number increased to 295.1 thousand units in 2015.
Further, the report states that one challenge in the market is slowdown in Chinese economy. The recent slowdown that the Chinese economy has been experiencing will have an adverse effect on the fuse holder market. China's GDP grew at only 7.4% in 2014, which is the slowest recorded since 1990. The slowdown is mainly attributed to the sluggish performance of the country's real estate sector, together with huge manufacturing overcapacity.China is one of the world's largest consumers of fuse holders. The setbacks to the Chinese real estate sector resulted in 54 million apartments being left unsold, in spite of the 4% downswing in housing prices from 2013 to 2014. As the real estate sector contributes 30% of the country's GDP, its sluggishness has had adverse repercussions on China's economy. Also, the real estate sector is an important end-user of the steel, cement, power, and furniture industries and its slump will have an adverse effect on these industries as well. This will lead to a fall in the demand for fuse holders.
Eaton, Littelfuse, Schurter, TE Connectivity, Hella, Autobarn, Keystone Eectronic, Rittal Enclosure Systems, Blue Sea Systems, Bulgin.