Fuse Holder Market Size, Share and Industry Analysis By Type (Printed Circuit Board (PCB) Fuse Holders, Panel Mount Fuse Holders, In-Line Fuse Holders, and Others), By End-User (Residential, Commercial, Industrial, and Others), and Regional Forecast till 2032

The global fuse holder market is likely to witness substantial growth over the coming years. This is attributed to the increasing awareness about electrical safety, and stringent regulations. Moreover, expansion in industrial activities and infrastructure projects, along with technological advancements, is increasing the global demand for fuse holders.

• According to Electrical Safety Foundation International, over 400 electrocutions take place in the U.S. every year. Of the total accidents, approx. one hundred eighty are related to consumer products, and large appliance failures cause 10%. In the workplace, the National Safety Council indicated that electrical hazards cause nearly one workplace fatality every day; electrical hazards are listed as the cause of over 4,000 injuries annually.

Fuse Holder Market Driver

Increased Demand for Electrical Safety and Protection

A fuse holder is a fuse accessory used to integrate fuses that cannot be dropped directly into conductive paths due to their varied shape and size. Its function is to integrate fuses safely in electrical circuits, ensuring a robust current path and providing a method to replace fuses when required.

The growing emphasis on electrical safety and the expansion of electrical infrastructure has led to a significant increase in the demand for reliable fuse holders. The rise in smart grid technology and renewable energy installations is further driving this demand. As these systems often require advanced protection mechanisms to ensure reliability and safety, the need for high-quality fuse holders has become more prevalent.

• According to the Health and Safety Executive (HSE) of the U.K., more than 1,000 electricity-related workplace accidents are reported annually, with approximately 30 resulting in fatalities. Faulty electrical equipment and sockets cause about 70 deaths and 350,000 injuries annually in U.K. homes. From January 2023, all electrical products sold in England, Wales, and Scotland were strictly regulated to have the UKCA (U.K. Conformity Assessed) mark to indicate safety certification to meet all safety requirements.

Fuse Holder Market Restraint

High Cost of Advanced Fuse Holders

The integration of advanced features in fuse holders, such as digital monitoring and smart capabilities, significantly increases their cost. The high cost associated with these advanced fuse holders can be a barrier, especially for small to medium-sized enterprises and developing regions. Moreover, recent supply chain disruptions and inflation have led to increased material costs, which has limited the affordability and adoption of advanced fuse holders.

• According to the London Metal Exchange, copper prices surged by over 40% over 2020 to 2022. Fluctuations in copper prices have increased significantly in recent years, affecting the production costs of electrical components.

Fuse Holder Market Opportunity

Rising Investments in Infrastructure to Create New Avenues

Rapid industrialization, urbanization, and increasing investments in infrastructure are driving the demand for electrical components, including fuse holders, in these regions. Governments in emerging economies, particularly in Asia Pacific and Latin America, are investing in modernizing their electrical grids and expanding residential and commercial infrastructure, creating significant growth opportunities for the fuse holder market.

• According to reports published by Northeast Group, India and South Asia are set to become leading destinations for smart grid infrastructure investment over the next decade. The region is expected to invest USD 25.9 billion to modernize its power sector by 2029, according to a new study published recently by the Northeast Group. India's push toward expanding its electrical grid and improving energy access in rural areas is creating substantial demand for reliable fuse holders.

Segmentation

Key Insights

The report covers the following key insights:

• Recent Advancements in Fuse Holder Market


• Key Industry Trends


• Regulatory Landscape for Fuse Holder Market


• Key Industry Developments (Mergers, Acquisitions, and Partnerships)


• Impact of COVID-19 on the Market

Analysis by Type

Based on type, the market is divided into printed circuit board (PCB) fuse holders, panel mount fuse holders, in-line fuse holders, and others.

The printed circuit board (PCB) fuse holders segment leads the market due to their widespread use in various electronic and electrical devices. They are integral to ensuring circuit protection in compact and densely populated PCB designs.

Analysis by End-user

Based on end-user, the market is subdivided into residential, commercial, industrial, and others.

The industrial sector is the largest segment in the global fuse holder market. The industrial sector is experiencing significant growth due to increasing industrial automation, modernization of infrastructure, and expansion of manufacturing facilities, driving the demand for fuse holders in the industrial sector.

Regional Analysis

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By region, the market has been studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

The Asia Pacific region is the largest and fastest-growing market for fuse holders globally, driven by the region's significant industrial activity, rapid urbanization, and increasing investments in infrastructure and manufacturing. The region is a major hub for electronics manufacturing. Countries such as China, South Korea, and Japan are leading producers of consumer electronics, which drives demand for PCB fuse holders and other related components.

• Various governments in the Asia Pacific region are investing heavily in infrastructure projects and energy systems. For instance, India’s Pradhan Mantri Awas Yojana (PMAY) and the Smart Cities Mission aim to enhance urban infrastructure, including electrical systems, which boosts the demand for fuse holders.

Europe is the second leading segment of the market as Europe has one of the most interconnected and resilient electricity grids in the world, which provides quality electricity service to consumers. Moreover, the supportive legislative EU framework, which includes rules on cross-border energy infrastructure and the internal electricity market, is driving the demand for fuse holders in the region. Electricity consumption is expected to increase by around 60% by 2030.

Key Players Covered

The global market is fragmented, with a large number of group and standalone providers. Recent product launches include advanced fuse holders with integrated thermal management systems and enhanced safety features, catering to high-demand applications in renewable energy and electric vehicles.

The report includes the profiles of the following key players:

• Eaton Corporation (Ireland)


• Schneider Electric (France)


• Siemens AG (Germany)


• Legrand (France)


• TE Connectivity (Switzerland)


• ABB Ltd. (Switzerland)


• Littelfuse (U.S.)


• Wurth Elektronik (Germany)


• Schurter (Switzerland)


• Keystone Electronics Corp (U.S.)

Key Industry Developments

• In July 2023, SCHURTER launched its High-Power Fuse Holders designed for 6.3x32 fuse links that have rated currents up to 25 A (IEC) or 45 A (UL). The new SCHURTER FXP fuse holder has been explicitly designed for high-power applications.


• In May 2023, Littelfuse, Inc. launched its latest 150520 Series Inline Fuse Holders product line. These latest fuse holders are rated 600 VAC/VDC voltage at 20 amps in a 5×20 mm size. They are ideal for applications requiring supplemental circuit protection, including data centers, industrial HVAC, and power supplies.