05-Feb-2021 | Zion Market Research
As per Zion Market Research, the global market for automotive fuse is predicted to develop with a 7% CAGR and cross USD 25 billion by 2025 from USD 16 billion in 2019. The market is predicted to develop in the coming future due to different factors such as an elevation in vehicle manufacturing, increasing electrification, increasing significance of comfort & safety features in mid-segment cars which will result in rise in the number of fuses fitted per vehicle and elevation in the sale of hybrid & electric vehicles.
Automotive fuse makers have accepted the tactics of geographical expansion and development of new product to attain grip in the automotive fuse market. The major players are Eaton, Littelfuse, Inc., ON Semiconductor, MERSEN S.A., Sensata Technologies, Inc., and SCHURTER Holding AG.
By Fuse Type, The Blade Fuse Market Is Predicted To Be The Biggest Market
By fuse type, the blade fuse market is predicted to be the biggest market due to reasons such as they are durable, lighter, more compact, and have a simpler structure which is widely employed by the OEMs. On the other hand, semiconductor fuse market is predicted to be the quickest developing market during the coming period.
By Motor Output, The Automotive Fuse Market Is Lead By >200kW Motor Output Fuses
By motor output, the automotive fuse market is lead by >200kW motor output fuses and is predicted as the quickest developing market during the coming period due to the rising requirement of high power EVs in the areas such as Europe and Asia Pacific, followed by 80-200kW section.
Asia Pacific Is Predicted To Be The Biggest Market During The Coming Period
Asia Pacific is predicted to be the biggest market during the coming period. The passenger car section is the biggest contributor in Asia Pacific automotive fuse market due to highest sales of passenger vehicles over other areas. In addition to this, passenger vehicle has a number of the fuse in comparison to HCV or LCV due to rise in different auxiliary fuses. Besides this, the mild hybrid (48V) vehicles also predicted to have a major role in Asia Pacific automotive fuse market due to their rise in sales as they have less CO2 emissions in comparison to the ICE cars.
Browse the full “Automotive Fuse Market - By Fuse Type (Glass Tube, Blade, And Semiconductor), By Voltage (12V & 24V, 24V -48V, 49V-150V, 151V-300V, And >300V), By Application In BEV (Auxiliary, Onboard, Charge Inlet, Traction Motor, PCU, And Battery), By Motor Output ( <80 KW, 80-200 KW, And >200 KW), By Ampere (<40A,40-100A, And >100A), By Market Type (OEM And Aftermarket), By ICE Vehicle Type (HCV, PC, Mild Hybrid, And LCV), , By Electric Vehicle Type (BEV, PHEV, And HEV), By Battery Capacity ( <30 KWh, 30-75 KWh, 75-150 KWh, And >150 KWh),And By Region - Global Industry Perspective, Comprehensive Analysis, And Forecast, 2019 – 2025.” Report at https://www.zionmarketresearch.com/report/automotive-fuse-market
The global automotive fuse market is segmented as follows:
By Fuse Type
By Applications in BEV
By Motor Output
By Battery Capacity
By Market Type
By ICE Vehicle Type
By electric vehicle type
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