Product Code: ETC014084 | Publication Date: Aug 2023 | Updated Date: Apr 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
India Electric Fuse Market registered a growth of 11.5% in value shipments in 2022 as compared to 2021 and an increase of 6.25% CAGR in 2022 over a period of 2017. In Electric Fuse Market India is becoming less competitive as HHI index in 2022 was 1391 while in 2017 it was 1103. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market. India has reportedly relied more on imports to meet its growing demand in Electric Fuse Market.
The India electric fuse market is expected to witness a CAGR of 8.5% during the forecast period (2020-2026). 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, 2020 & 2030F |
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, 2020 & 2030F |
3.6 India Electric Fuse Market Revenues & Volume Share, By Voltage, 2020 & 2030F |
3.7 India Electric Fuse Market Revenues & Volume Share, By End-users, 2020 & 2030F |
4 India Electric Fuse Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
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, 2020-2030F |
6.1.3 India Electric Fuse Market Revenues & Volume, By Power fuse and fuse links, 2020-2030F |
6.1.4 India Electric Fuse Market Revenues & Volume, By Distribution cutouts, 2020-2030F |
6.1.5 India Electric Fuse Market Revenues & Volume, By Cartridge and plug fuses, 2020-2030F |
6.1.6 India Electric Fuse Market Revenues & Volume, By Others, 2020-2030F |
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, 2020-2030F |
6.2.3 India Electric Fuse Market Revenues & Volume, By Medium Voltage, 2020-2030F |
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, 2020-2030F |
6.3.3 India Electric Fuse Market Revenues & Volume, By Commercial, 2020-2030F |
6.3.4 India Electric Fuse Market Revenues & Volume, By Industrial, 2020-2030F |
6.3.5 India Electric Fuse Market Revenues & Volume, By Utilities, 2020-2030F |
6.3.6 India Electric Fuse Market Revenues & Volume, By Transportation, 2020-2030F |
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 |
9 India Electric Fuse Market - Opportunity Assessment |
9.1 India Electric Fuse Market Opportunity Assessment, By Type, 2020 & 2030F |
9.2 India Electric Fuse Market Opportunity Assessment, By Voltage, 2020 & 2030F |
9.3 India Electric Fuse Market Opportunity Assessment, By End-users, 2020 & 2030F |
10 India Electric Fuse Market - Competitive Landscape |
10.1 India Electric Fuse Market Revenue Share, By Companies, 2023 |
10.2 India Electric Fuse Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |