Product Code: ETC014084 | Publication Date: Aug 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
The India electric fuse market import shipments showcased a robust growth trend with a notable CAGR from 2020 to 2024. The market's momentum continued into the last year with a healthy growth rate from 2023 to 2024, indicating a sustained expansion trajectory.
The India electric fuse market is expected to witness a CAGR of 8.5% during the forecast period (2025-2031). The growth in the demand for electricity due to industrial and domestic applications, increasing investments in transmission & distribution line upgrades, growing infrastructural activities, rising government initiatives towards providing uninterrupted power supply across India are some of the major factors driving the growth of this market.
? Increasing Demand for Electricity: The country?s expanding population has led to an increase in energy consumption over time. This has been mainly driven by residential and industrial sectors such as manufacturing units, IT/ITeS businesses and automobile industries among others. In addition, with rapidly advancing technology there has been a surge in digitalization which further boosts electricity consumption making it an important factor driving the growth of electric fuses market.
? Government Initiatives towards Uninterrupted Power Supply: India?s Government is taking several steps to ensure that uninterrupted power supply is provided throughout its states and union territories. These efforts have included various projects such as 24x7 Power For All (PFA), Deen Dayal Upadhyaya Gram Jyoti Yojana (DDUGJY) etc., which focus on enhancing power transmission lines and reducing AT&C losses thus leading to improved reliability in power generation; these initiatives are expected to drive upmarket demand for electric fuses over the coming years.
? High Cost Associated with Equipment Installation & Maintenance - Electric fuse installation involves high cost associated with equipment acquisition along with their installation and maintenance costs; furthermore since they must be replaced periodically after use or damage this adds more cost burden impeding their adoption rate among customers especially from small scale enterprises limiting overall market potentials restraintsing its growth prospects during forecast period.
? Lack Of Availability Of Quality Products - Low quality products can lead to premature tripping causing frequent breakdowns resulting into production stoppages impacting customer`s operational efficiency; hence many customers have become conscious about product quality while buying them thus posing challenge for companies operating within Indian electric fuse industry thereby hindering its development over projected timeframe .
? Innovations Regarding Fuse Design ? Companies operating within Indian electricity fuse industry are continuously innovating regarding their designs by introducing new technologies so as reduce risk related events created due ot voltage fluctuations or short circuit incidents thereby improving safety levels of end
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Electric Fuse Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Electric Fuse Market Revenues & Volume, 2021 & 2031F |
3.3 India Electric Fuse Market - Industry Life Cycle |
3.4 India Electric Fuse Market - Porter's Five Forces |
3.5 India Electric Fuse Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Electric Fuse Market Revenues & Volume Share, By Voltage, 2021 & 2031F |
3.7 India Electric Fuse Market Revenues & Volume Share, By End-users, 2021 & 2031F |
4 India Electric Fuse Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of electric vehicles in India, leading to a higher demand for electric fuses. |
4.2.2 Growth in industrialization and infrastructure development projects driving the need for electrical components like fuses. |
4.2.3 Rising investments in renewable energy projects boosting the demand for electric fuses in the energy sector. |
4.3 Market Restraints |
4.3.1 Intense competition among market players leading to pricing pressures. |
4.3.2 Challenges related to counterfeit products impacting the market's credibility. |
4.3.3 Regulatory complexities and standards compliance affecting market entry and operations. |
5 India Electric Fuse Market Trends |
6 India Electric Fuse Market, By Types |
6.1 India Electric Fuse Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Electric Fuse Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Electric Fuse Market Revenues & Volume, By Power fuse and fuse links, 2021-2031F |
6.1.4 India Electric Fuse Market Revenues & Volume, By Distribution cutouts, 2021-2031F |
6.1.5 India Electric Fuse Market Revenues & Volume, By Cartridge and plug fuses, 2021-2031F |
6.1.6 India Electric Fuse Market Revenues & Volume, By Others, 2021-2031F |
6.2 India Electric Fuse Market, By Voltage |
6.2.1 Overview and Analysis |
6.2.2 India Electric Fuse Market Revenues & Volume, By Low Voltage, 2021-2031F |
6.2.3 India Electric Fuse Market Revenues & Volume, By Medium Voltage, 2021-2031F |
6.3 India Electric Fuse Market, By End-users |
6.3.1 Overview and Analysis |
6.3.2 India Electric Fuse Market Revenues & Volume, By Residential, 2021-2031F |
6.3.3 India Electric Fuse Market Revenues & Volume, By Commercial, 2021-2031F |
6.3.4 India Electric Fuse Market Revenues & Volume, By Industrial, 2021-2031F |
6.3.5 India Electric Fuse Market Revenues & Volume, By Utilities, 2021-2031F |
6.3.6 India Electric Fuse Market Revenues & Volume, By Transportation, 2021-2031F |
7 India Electric Fuse Market Import-Export Trade Statistics |
7.1 India Electric Fuse Market Export to Major Countries |
7.2 India Electric Fuse Market Imports from Major Countries |
8 India Electric Fuse Market Key Performance Indicators |
8.1 Percentage growth in the installation of electric vehicle charging stations. |
8.2 Number of new industrial projects announced in key sectors like manufacturing, construction, and energy. |
8.3 Rate of adoption of renewable energy sources in India. |
8.4 Percentage of market share held by leading electric fuse manufacturers. |
8.5 Customer satisfaction scores and feedback on product quality and reliability. |
9 India Electric Fuse Market - Opportunity Assessment |
9.1 India Electric Fuse Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Electric Fuse Market Opportunity Assessment, By Voltage, 2021 & 2031F |
9.3 India Electric Fuse Market Opportunity Assessment, By End-users, 2021 & 2031F |
10 India Electric Fuse Market - Competitive Landscape |
10.1 India Electric Fuse Market Revenue Share, By Companies, 2024 |
10.2 India Electric Fuse Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |