With the slowdown in world economic growth, the Time Delay Fuses industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Time Delay Fuses market size to maintain the average annual growth rate of XXX from XXX million $ in 2014 to XXX million $ in 2018, Stratagem Market Insights analysts believe that in the next few years, Time Delay Fuses market size will be further expanded, we expect that by 2023, The market size of the Time Delay Fuses will reach XXX million $.
A time delay fuse allows electrical surge for a short time before it actually blows. Class CC, midget fuses, and class J and R are the types of time delay fuses. These fuses find application in electrical motors, fluorescent lamps, incandescent lights, and other such residential and commercial applications.
Market Dynamics
Increasing number of housing units is expected to propel growth of global time delay fuses market over the forecast period. For instance, according to The U.S. Census Bureau and the U.S. Department of Housing and Urban Development, in 2019, an estimated 1.290 million housing units were started in the U.S., witnessing an increase of 3.2% compared to 2018.
Increasing investment in infrastructure is expected to offer lucrative growth opportunities for players in time delay fuses market. For instance, in February 2020, The U.S. Department of Transportation published a Notice of Funding Opportunity to apply for US$ 1 billion in 2020 for upgrading infrastructure across the U.S. Moreover, increasing activities focused on supporting adoption of industry 4.0 is also expected to aid in growth of the market. For instance, in September 2020, Siemens launched manufacturing transformation center to support industry 4.0 adoption in Southeast Asia.
Among regions, North America is expected to witness significant growth in the time delay fuses market, owing to growing construction sector. For instance, according to the U.S. Census Bureau, in February 2020, there were 1,464,000, building permits, 1,599,000 housing starts, and 1,316,000, housing completions in the U.S.
Asia Pacific is also expected to witness significant growth in the time delay fuses market, owing to growing electronics sector in the region. For instance, according to India Brand Equity Foundation, the electronics market in India is expected to witness a CAGR of 24.4% during 2012–20.
Key Takeaways
- Increasing number of housing units is expected to propel growth of global time delay fuses market over the forecast period
- Major players operating in the global time delay fuses market are focused on adopting M&A strategies to enhance their market share. For instance, in January 2021, Littelfuse, Inc. acquired Hartland Controls, a manufacturer and supplier of electrical components used primarily in heating, ventilation, air conditioning, and refrigeration and other industrial and control systems applications.
- Major players operating in the global time delay fuses market include, Littelfuse, Eaton Corporation, Siemens AG, ABB, General Electric, Schurter, Mersen, Leviton, Schneider Electric, Mitsubishi Electric, AEM Components, and Nanjing Sart Technology
This Report covers the manufacturers' data, including: shipment, price, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size, volume and value, as well as price data.
Besides, the report also covers segment data, including: type segment, industry segment, channel segment etc. cover different segment market size, both volume and value. Also cover different industries clients information, which is very important for the manufacturers.
Section 1: Definition
Section (2 3): Manufacturer Detail
Littelfuse
Eaton Bussmann
Siemens
ABB
GE
Schurter
Mersen
Leviton
Schneider Electric
Mitsubishi Electric
AEM Components (USA)
Nanjing Sart Technology
Section 4: Region Segmentation
North America Country (United States, Canada)
South America
Asia Country (China, Japan, India, Korea)
Europe Country (Germany, UK, France, Italy)
Other Country (Middle East, Africa, GCC)
Section (5 6 7):
Product Type Segmentation
Time Delay Ceramic Fuses
Time Delay Glass Fuses
Time Delay Fiberglass Fuses
Industry Segmentation
Consumer Electronic
Home Appliance
Automotive
Industrial equipment
Channel (Direct Sales, Distributor) Segmentation
Section 8: Trend (2018-2023)
Section 9: Product Type Detail
Section 10: Downstream Consumer
Section 11: Cost Structure
Section 12: Conclusion
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