Electric Fuse Market Likely to Boost Future Growth by 2026 | Schneider Electric, Siemens, Mersen, ABB, Eaton

The latest survey report on "Electric Fuse Market by Type (Power Fuse & Fuse Link, Distribution Cutouts, Cartridge & Plug Fuse,), Voltage (Low, Medium), End-Users (Utilities, Industrial, Residential, Commercial, Transportation), region - Global Forecast to 2026", is projected to reach USD 4.6 billion by 2026 from an estimated USD 3.5 billion in 2021, at a CAGR of 5.8%. This growth can be attributed to the growing investments in the renewable and energy storage, increasing investments in T&D infrastructure plans, and revival of investments in the construction sector.

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Primary Research

This study involved 4 major activities in estimating the current market size for electric fuse. Exhaustive secondary research was done to collect information on the market and peer market. The next step was to validate these findings, assumptions, and market sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were used to estimate the total market size. Thereafter, the market breakdown and data triangulation were done to estimate the market size of the segments and sub-segments.

Asia Pacific is estimated to dominate the global electric fuse market in 2018 owing to the development and growth of countries such as China, Japan, Australia, and India, where there is a huge requirement for power and infrastructural development due to growing population and urbanization. The transportation infrastructure in the region is at the verge of getting electrified. This also creates opportunities for electric fuses in the Asia Pacific railway and traction segment. Furthermore, the region is the largest consumer of solar energy, and countries such as India and China are driving the renewable energy market. For instance, India has set goals for generating 175 GW of electricity through renewables by 2022. Such factors are likely to drive the Asia Pacific electric fuse market.

Key Market Players

Schneider Electric (France), Siemens (Germany), Mersen (France), ABB (Switzerland), Eaton (Ireland), Bel Fuse Inc. (US), Littelfuse (US), Legrand (France), S&C Electric Company (US), G&W Electric Company (US), Schurter (Switzerland), and Hubbell (US)

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Electric Fuse Market, by voltage

The medium voltage segment is estimated to dominate the electric fuse market in 2018 and is projected to have the largest market share during the forecast period. The medium voltage range for fuses is defined as fuses with the capacity to open circuit at voltage range above 1 kV to 38 kV. The high demand for medium voltage fuse is due to the continuous construction of transmission and distribution network along with the high replaceability of fuses. The major end uses of medium voltage fuses are for electric utilities, transformers & substations, distribution networks, and heavy industries such as oil & gas industry. The medium voltage fuses are mostly the power fuses used for current limiting function, motor circuit protection, and back up for protection from default current.

Electric Fuse Market, by end-use

The transportation segment accounted for the second highest CAGR during the forecast period. The demand for electric fuses is driven by the high growth and developments in the global railway industry. Furthermore, the fast commercialization of electric trains and metros from the developing nations is driving the demand for electric fuses from tractions. Furthermore, the concepts of high speed trains, freight wagons, bullet trains will create opportunities for electric fuses in the near future.

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What you can explore with this report?

• To define, describe, and forecast the global electric fuse market by type, voltage, end-users, and region
• To provide detailed information on the major factors influencing the growth of the electric fuse market (drivers, restraints, opportunities, and industry-specific challenges)
• To strategically analyze the electric fuse market with respect to individual growth trends, prospects, and contribution of each segment to the market
• To analyze market opportunities for stakeholders and details of a competitive landscape for market leaders
• To forecast the growth of the electric fuse market with respect to the major regions (Asia Pacific, Europe, North America, South America, and The Middle East and Africa)
• To strategically profile key players and comprehensively analyze their market share and core competencies
• To track and analyze competitive developments such as contracts & agreements, expansions, new product developments, mergers & acquisitions, and partnerships in the electric fuse market

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Progressing Cavity Pump Market Size to Reach $5.9 billion by 2026

Latest report "Progressing Cavity Pump Market by Pumping Capacity (Up to 500 GPM, 501–1,000 GPM, and more), Power Rating (Up to 50 HP, 51–150 HP, and more), End User (Oil & Gas, Food & Beverages, and more), and Region - Global Forecasts to 2026" The global progressing cavity pump market size is projected to reach USD 5.9 billion by 2026, at a CAGR of 6.0%, from an estimated USD 4.4 billion in 2021.  The key drivers for the progressing cavity pump market include use of PCPs in enhanced oil recovery and upstream processes and Intensifying need for water & wastewater management in developed nations.

The up to 500 GPM segment by pumping capacity, is the largest contributor in the progressing cavity pump during the forecast period.

Progressing cavity pumps offering pumping capacity in the range of 0 to 500 GPM capture the largest share of the global PCP market. In 2020, the segment captured more than 65% of the total market owing to the versatility in operation offered by these pumps. In addition to compact size, these pumps require less power-consuming electric or hydraulic motors that are favored across the world for lower operational cost as well as high efficiency. Lower operational cost is also one of the prime factors due to which end-use industries prefer to use these motors over their more powerful counterparts. The food & beverages industry is among the top consumers of these pumps due to the relatively low requirement of flow rate for fluid processing.

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Power rating, the up to 50 HP segment is expected to be the largest market for progressing cavity pump during the forecast period.

PCPs rated up to 50 hp are predominantly used for abrasion resistance in tough pumping applications. PCPs become mechanical, and their volumetric efficiency rises when the viscosity of the liquid increases and PCPs require limited power supply and flow as compared to other pumps. PCPs rated up to 50 hp are used mainly in the wastewater treatment (for handling polymers, waste, sludge, and flocculants); chemicals (for handling detergents, varnish, paints, inks, and soaps); buildings (for handling cement and bentonite); agro and food (for handling creams, emulsions, wine, and olive oils); food & beverages (for handling dairy product, beverage, convenience food, fruits and vegetables, baked goods, sauce and starch, personal care, meat, fish, and animal food) industries. Progressing cavity pumps with such power rating are not extensively used in the oil & gas industry owing to the fact that the oil & gas industry demands high power rated operational equipment.

The water & wastewater management end user segment is expected to be the largest contributor during the forecast period.

Water & wastewater is the largest end user of PCPs among all the industries. The need to reduce life cycle costs and improve operating margins is anticipated to boost the usage of PCP units in the water & wastewater industry for the processing of polymers, waste, sludge, and flocculants. Intensifying demand for freshwater, handling liquids with higher viscosities, and a clean environment would also propel the need for water and wastewater management in the future, thereby creating opportunities for the usage of PCPs. The demand for these pumps is likely to rise from new plant installations, unit expansions, and unit upgrades. According to the UN, the worlds population will increase from 7.2 billion in 2013 to 8.1 billion by 2025. Hence, factors such as population growth, especially in urban areas, industrial development, increasing emphasis on wastewater treatment, international commitments and targets, and government policies would facilitate the growth of the water & wastewater industry. Moreover, by 2030, the UN plans to achieve universal and equitable access to safe and affordable drinking water and adequate and equitable sanitation for all. This calls for huge investments in the water & wastewater sector. This, in turn, would push the demand for PCPs during the forecast period.

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Asia Pacific is expected to dominate the global Progressing Cavity Pump market

The Asia Pacific region was the largest market for progressing cavity pumps in 2020 and accounted for a share of 35.7% of the global market. The PCP market in Asia Pacific has been studied for China, Australia, India, and Japan. The other Asian countries considered in the study are Thailand, Malaysia, the Philippines, Singapore, and South Korea. According to the IMF, the economic outlook for Asia Pacific remains strong, and the region continues to be the most dynamic in the global economy. The region has many top global economies, such as China, India, and Japan, and is expected to grow at 5.6% till 2022. The major end users of progressing cavity pumps in the region include water & wastewater treatment, oil & gas, and food & beverages industries. The market in this region will be largely driven by China and India—countries exhibiting fast-paced economic expansion and healthy industrial growth rates. The market in Southeast Asian countries, such as Malaysia and Thailand, is at various stages of development. The government of Malaysia aims to serve clean water to 99% of the population by 2022 from 95.5% in 2015. Such targets are likely to reflect favorably on the PCP market. According to the Indian Ministry of Finance, the country plans to invest USD 646 billion by 2022 in various areas of development. About 70% of the investment would be made in power, roads, and urban infrastructure.

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top manufacturers in the Progressing Cavity Pump market. These players include Xylem (US), Weir (UK), Sulzer (Switzerland), Roto Pumps (India), EBARA Corporation (Japan), Wilo (Germany), ITT Corporation (US), NETZSCH (Germany), CIRCOR International (US), SEEPEX (Germany).

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
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Sand Control Solutions Market Size to Reach $3.2 billion by 2025

 According to the new market research report "Sand Control Solutions Market by Location (Onshore, Offshore), Application (Cased hole, Open hole), Well Type (Horizontal, Vertical), Type (Gravel Pack, Frac Pack, Sand Screens, Inflow Control Devices, Others), and Region - Global Forecast to 2025", size will grow to  USD 3.2 billion by 2025 (forecast year) from USD 2.1 billion in 2020 (estimated year), at a CAGR of 8.9% during the forecast period. The continuous shale development activities and efforts to increase reserve to production ratio from the wells are the key factors driving the growth of the sand control solutions market. Likewise, the increasing offshore exploration & production and subsea activities are expected to offer lucrative opportunities for the sand control solutions market during the forecast period.

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The onshore segment is expected to dominate the sand control solutions market, by location, during the forecast period.

The onshore location held a larger market size due to the presence of vast onshore oil & gas wells. It increased dependency on conventional oil & gas, which is the most profitable and convenient way to meet the energy demand. Gravel packs are mainly installed for onshore locations. Onshore locations involve the placing of these systems in the wellbore to filter sand during extraction. The growing demand in onshore applications shows increasing oil production from basins such as Permian. Such factors are expected to boost the demand for the sand control solution market for the onshore location during the forecast period.

The gravel pack segment is expected to be the fastest-growing sand control solutions market, by type, during the forecast period.

Gravel packing is an effective means of preventing the formation of sand from entering the production string. Gravel pack systems are used to increase the surface area of the producing well to increase the production rates. In gravel packing, a steel screen is placed in the wellbore and the surrounding annulus is packed with the prepared gravel of a specific size designed to prevent the passage of formation sand. The primary objective is to stabilize the formation while causing minimal impairment to well productivity. Gravel pack systems are suitable for unconsolidated to tight sand formations, both open-hole or cased-hole wells, and for both conventional and unconventional applications. The advantages of an open-hole gravel pack are increased reliability and productivity from the well.

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Asia Pacific likely to emerge as the largest sand control solutions market

In this report, the sand control solutions market has been analyzed for five regions, namely, North America, South America, Europe, Asia Pacific, Middle East & Africa. Asia Pacific is expected to be the largest sand control solutions market during the forecast period. China, Indonesia, India, Australia, Thailand, and the Rest of Asia Pacific. The Rest of Asia Pacific includes Malaysia, Myanmar, and Pakistan. The region accounts for a substantial portion of the global oil demand due to the rise in industrialization, urbanization, population growth, and the growth of the consumer class. This growth in oil demand propels oil & gas exploration and production activities, which drives the market for oilfield equipment and services, including sand control solutions. Despite a considerable number of oil reserves, the exploration and production industry in Asia Pacific needs more attention on production optimization and reserve replacement. The recovery rate of oil & gas needs to be improved as many Asian countries rely on imported crude oil for their energy needs. The need to develop new resources and increase production from existing fields would drive the growth of the sand control solutions market in Asia Pacific.

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the sand control solutions market.

Some of the key players are Schlumberger (US), Halliburton (US), Baker Hughes Company (US), Weatherford (Switzerland), and Superior Energy Services (US). The leading players are adopting various strategies to increase their share in the sand control solutions market.

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com