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Fuse Holder Market size is set to grow by USD 398.3 million from 2024-2028, Growth in EV sales boost the market, Technavio

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NEW YORK, June 24, 2024 /PRNewswire/ — The global fuse holder market size is estimated to grow by USD 398.3 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  4.36%  during the forecast period. Growth in EV sales is driving market growth, with a trend towards growing demand for telecom towers in APAC. However, uncertainties in global economic growth  poses a challenge. Key market players include Brunswick Corp., Bulgin Ltd., Eaton Corp. Plc, Elcom International Pvt. Ltd., Faurecia SE, Grote Industries LLC, HPL Electric and Power Ltd., Keystone Electronics Corp, Littelfuse Inc., LOVATO Electric Spa, Lucy Group Ltd., Mersen Corporate Services SAS, Rittal GmbH and Co. KG, Rockwell Automation Inc., Schneider Electric SE, SCHURTER Holding AG, Siemens AG, TE Connectivity Ltd., Viair Corp., and WAGO GmbH and Co. KG.

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Fuse Holder Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 4.36%

Market growth 2024-2028

USD 398.3 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

4.11

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 38%

Key countries

US, China, Japan, Germany, and UK

Key companies profiled

Brunswick Corp., Bulgin Ltd., Eaton Corp. Plc, Elcom International Pvt. Ltd., Faurecia SE, Grote Industries LLC, HPL Electric and Power Ltd., Keystone Electronics Corp, Littelfuse Inc., LOVATO Electric Spa, Lucy Group Ltd., Mersen Corporate Services SAS, Rittal GmbH and Co. KG, Rockwell Automation Inc., Schneider Electric SE, SCHURTER Holding AG, Siemens AG, TE Connectivity Ltd., Viair Corp., and WAGO GmbH and Co. KG

Market Driver

The telecom sector’s expansion, driven by rising mobile subscriptions and advanced services like 5G, is leading to an increase in telecom tower installations, particularly in APAC. China and India are significant contributors, with China aiming to double its tower installations due to 5G migration. Renewable energy sources, such as wind and solar, are being adopted to power telecom towers and reduce carbon footprint. This shift towards green energy is expected to boost the demand for fuse holders in the global market during the forecast period. 

The Fuse Holder market is experiencing significant growth due to increasing demand for electrical components in various industries. Fuse supplies and holders are essential for protecting electrical circuits from overcurrent. Fossil fuels and renewable energy sources are driving the demand for these products. Fuse types include automatic, manual, and time-delay. Producers are focusing on cost-effective production and improving product durability. The market is competitive with key players offering a wide range of products. Customers look for reliable, efficient, and cost-effective solutions. The future of the fuse holder market lies in advanced technologies like smart fuses and IoT integration. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

•         The global economic instability, particularly in regions with significant OEM presence for electrical and electronic devices, reduces credit availability and raises interest rates. This increase in manufacturing costs leads to higher product prices, potentially decreasing market demand and negatively impacting net sales revenue for vendors. Foreign exchange market fluctuations also affect imports and exports, reducing profit margins for global market players in the fuse holder industry. Economic downturns in key markets like China, Brazil, and Russia have caused delays and cancellations of projects, further impacting demand for fuse holders during the forecast period.

•         The Fuse Holder market faces several challenges in the current technology landscape. The use of complex components such as Fuses, Holder, Current Transformers, and Automatic Circuit Breakers necessitates a high level of precision and reliability. The need for cost-effective solutions while maintaining quality is a significant challenge. Additionally, the increasing demand for miniaturization and the integration of various technologies like EV Charging and Renewable Energy Systems add to the complexity. The requirement for compliance with various safety standards and regulations further complicates the market. Effective supply chain management and innovation in design and materials are essential to overcome these challenges and stay competitive in the Fuse Holder market.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

This fuse holder market report extensively covers market segmentation by  

Type 1.1 Open fuse holder1.2 Fully enclosed fuse holderEnd-user 2.1 Power2.2 Automobile2.3 Electrical and electronicsGeography 3.1 APAC3.2 North America3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Open fuse holder-  The global fuse holder market experiences significant growth due to its extensive usage in the electrical and electronics industry. With technology’s continuous advancement, the demand for fuse holders increases in various electronic devices like desktop PCs and TVs. Industrial applications, particularly in power and automotive sectors, require fuse holders to protect circuits and equipment from overcurrents. Infrastructure projects, such as building construction and transportation systems, also incorporate fuse holders into their electrical systems. The rising popularity of electronic devices in the consumer market further boosts the market’s expansion during the forecast period.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

In the upcoming years, the fuse holder market is anticipated to experience significant growth due to the rising need for enhanced safety and reliability in various applications, including automotive and telecommunications industries. High currents and overcurrent protection are primary factors driving the demand for fuse holders. Cartridge-type fuses, with their safety sheaths and cost-effective design, are increasingly preferred in automotive applications. The automotive sector’s transition towards emerging technologies, such as electric vehicles (EVs), autonomous vehicles, and wireless connectivity, will further boost the market’s growth. In telecom applications, the increasing number of telecom towers, cell phones, and communication towers necessitates the use of intelligent electrical solutions, which include advanced fuse blocks. The global demand for these solutions is expected to continue rising in the upcoming years.

Market Research Overview

The Fuse Holder market encompasses a variety of components designed to securely house and protect electrical fuses. These holders come in various types, including ceramic, glass, and cartridge types. They are essential in electrical systems to prevent overcurrent and ensure the safe operation of electrical circuits. Fuse holders are typically made of materials such as ceramic, glass, or plastic, and are available in different voltage ratings and current capacities. The market for fuse holders caters to various industries, including automotive, industrial, and consumer electronics, among others. The demand for fuse holders is driven by the increasing use of electrical systems in various applications and the need for reliable and safe electrical components.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeOpen Fuse HolderFully Enclosed Fuse HolderEnd-userPowerAutomobileElectrical And ElectronicsGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Zoomlion Smart Industrial City Achieves Full Solar Integration, Setting a Green Benchmark for the Industry

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CHANGSHA, China, Jan. 9, 2025 /PRNewswire/ — Zoomlion Heavy Industry Science & Technology Co., Ltd. (“Zoomlion”, 1157.HK) announced that the rooftop distributed photovoltaic (PV) project at the Mobile Crane Machinery Park of Zoomlion Smart Industrial City has successfully connected to the grid, marking the achievement of full-capacity solar power integration. With this milestone, all parks within the Smart Industrial City now operate entirely on green energy, setting a new benchmark for sustainability in the industry.

The distributed PV system at Zoomlion Smart Industrial City spans across four major parks: Concrete, Mobile Crane, Earthmoving Machinery and Aerial Work Platform. Covering a total installation area of 400,000 square meters, the solar power system now boasts a total capacity of 85 MWp, with an annual electricity output of 65.6 million kWh. This is equivalent to saving 21,500 tons of standard coal and reducing carbon dioxide emissions by 65,400 tons annually, underscoring Zoomlion’s commitment to energy conservation and low-carbon development.

The rooftop PV system at Zoomlion Smart Industrial City is one of the largest in the industry, generating clean energy that not only lowers operating costs but also supports the company’s high-quality development goals. Moreover, the project enables Zoomlion to apply for more than 6,500 green certificates annually, enhancing the export potential of its products by aligning with international green standards.

Zoomlion has taken a leadership role in promoting green development across its operations. Beyond its industrial parks, Zoomlion has embedded sustainability into its core technological development strategy, advancing foundational research in green technologies. Through green design, manufacturing, management, and standardization, the company is contributing to global sustainable development initiatives.

In 2024, the company implemented comprehensive energy-saving and emission-reduction measures, achieving green transformation from production to product delivery. Zoomlion has significantly expanded its lineup of new energy products to meet diverse market demands. The Aerial Work Platform product line now features over 90% coverage in new energy models.

By leveraging advanced digital and intelligent technologies, Zoomlion has also propelled green transformations across its supply chain and industry ecosystem. The company continues to lead the establishment of green standards, driving the machinery industry towards sustainable and circular growth.

With its ongoing efforts to enhance productivity and empower intelligent manufacturing, Zoomlion is paving the way for a greener future in the machinery industry.

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LIVE from CES 2025: FOSSiBOT Unveils Disruptive Energy Storage and Rugged Smartphones

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LAS VEGAS, Jan. 9, 2025 /PRNewswire/ — CES 2025 is in full swing in Las Vegas, and FOSSiBOT, a rising star in portable power and rugged devices, is making waves with its latest innovations. A standout product is their high-capacity 5kWh home energy storage system, poised to revolutionize the home energy landscape and redefine industry standards.

CES 2025 Floor: FOSSiBOT’s 7200W Home Energy System Steals the Show

FOSSiBOT is showcasing a powerful 7200W home energy storage system with a substantial 5kWh capacity at CES 2025. Designed to provide reliable backup power, reduce reliance on the traditional grid, and even enable energy self-sufficiency, this system is drawing crowds at the global tech event.

The Significance of 7200W and 5kWh:

7200W Power: This robust output can simultaneously power high-demand appliances like air conditioners, induction cooktops, and electric water heaters, ensuring essential needs are met during power outages. This is a significant power level for the home energy market.5kWh Capacity: This is a key differentiator. In a market dominated by 1-3kWh systems, 5kWh offers significantly extended runtime. For instance, it can power a 90W refrigerator for over 55 hours or a 700W air conditioner for over 7 hours. This capacity sets a new benchmark for home energy storage.

Looking Ahead: FOSSiBOT Developing Balcony Solar Solutions

According to FOSSiBOT, the company is actively developing integrated balcony solar solutions designed to enable users to harvest and store solar energy for greater energy independence. While not on display at CES, FOSSiBOT states this technology is a key focus for future development.

FOSSiBOT’s existing portable power station lineup is also on display, including the F1200 (emphasizing portability), the F2400 (offering increased capacity and higher output), and the flagship F3600 Pro (with advanced features and expandability), showcasing the company’s expertise in portable energy solutions and laying the groundwork for its expansion into the home energy market.

Smartphone Highlights at CES 2025: The S3 Pro Makes a Splash

In the smartphone arena, the recently launched S3 Pro, featuring a vibrant AMOLED display, is making a strong impression at CES 2025, offering attendees a premium visual experience. The unique rear display is also attracting considerable attention. The S3 Pro is available at a competitive price on the FOSSiBOT website.

Existing models like the F106 Pro (combining a large speaker with a 3W camping light) and the F109 (a 5G rugged phone) are also garnering attention at CES 2025 for their reliable performance and distinct features.

The Upcoming F112 Pro: Style Meets Ruggedness Takes Center Stage at CES 2025

The highly anticipated F112 Pro has made its official debut at CES 2025. Blending portability, ruggedness, and stylish design, it features a 6.88-inch HD+ waterdrop display and multiple color options, quickly becoming a focal point on the show floor.

CES 2025: FOSSiBOT Showcases Innovation and Seeks Partnerships

FOSSiBOT’s presence at CES 2025 underscores its commitment to innovation in both the energy storage and smartphone sectors, as the company actively seeks partnerships with global retailers, distributors, and resellers.

FOSSiBOT’s showing at CES 2025 is impressive, and its 5kWh home energy system and new smartphones are poised to make a significant impact on the market.

 

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Persistent Introduces Pi-OmniKG with Google Cloud

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Accelerating biomedical research with AI-driven solutions

SANTA CLARA, Calif. and PUNE, India, Jan. 9, 2025 /PRNewswire/ — Persistent Systems (BSE: 533179) (NSE: PERSISTENT), a global leader in Digital Engineering and Enterprise Modernization, today announced the launch of Pi-OmniKG, an advanced AI-driven knowledge graph solution developed with Google Cloud technology. ‘Omni’ signifies the ability to universally handle diverse data, and ‘KG’ stands for Knowledge Graphs powered by GenAI. This innovative solution empowers healthcare and life sciences (HCLS) organizations to accelerate biomedical research, streamline data mining processes, and deliver insights with greater speed and accuracy.

Biomedical research is often hindered by time-consuming and labor-intensive data mining workflows. Legacy systems struggle to incorporate and analyze diverse datasets effectively, delaying the generation of actionable insights critical for HCLS enterprises. Pi-OmniKG addresses these challenges by modernizing data integration processes, creating a holistic knowledge base to decipher complex relationships, allowing researchers to make faster, evidence-based decisions by unlocking hidden insights. Furthermore, Pi-OmniKG enables direct querying of structured and unstructured internal data assets, alone or in combination with external data.

Key benefits of the solution include:

Reducing hypothesis generation time, empowering researchers to make faster, evidence-based decisions.Speeding up data processing, leading to improved research efficiency.Seamlessly integrating diverse data types, files, and sources from public and private datasets, creating a unified knowledge base.Incorporating reusable components with built-in flexibility to meet specific client needs for smart decision support.

Pi-OmniKG is built using Google Cloud’s advanced technologies — including the Vertex AI platform, BigQuery, and Cloud SQL — leveraging GenAI capabilities to streamline workflows, standardize data, and enable seamless integration of structured and unstructured datasets. Its intuitive interface allows researchers to query and visualize data, uncovering novel relationships and delivering high-quality insights backed by authentic citations. 

Persistent has been working with Google Cloud’s cutting-edge AI and cloud technologies for over a decade to deliver transformative solutions that address complex industry challenges. The launch of Pi-OmniKG builds on the Strategic Partnership Agreement Persistent announced in June 2024, which strengthens the collaboration between the two organizations to support Persistent’s development of AI-driven solutions across industries. It exemplifies Persistent’s vision of providing a smarter, faster, and more accessible way for HCLS organizations to process biomedical data and drive innovation.

Ganesh Nathella, Senior Vice President and General Manager – HCLS Business, Persistent

“In an era where data-driven insights are vital to accelerating drug discovery, clinical research, and patient-centric care, the challenges of managing vast and complex datasets often impede progress in biomedical R&D. At the intersection of technology and life sciences, our collaboration with Google Cloud enables us to deliver transformative solutions tailored to this industry’s unique needs with a data-first approach. Pi-OmniKG enables life sciences organizations to streamline workflows, leverage data, and drive breakthroughs with precision. Together, we are advancing the capabilities of researchers and research organizations to address critical challenges and accelerate progress across the healthcare and life sciences ecosystem.”

Shweta Maniar, Global Leader, Healthcare & Life Sciences Solutions & Strategy, Google Cloud

“As the volume and complexity of biomedical data continue to grow, researchers need smarter tools that unlock the true potential of this data. Pi-OmniKG, powered by Google Cloud’s GenAI capabilities, showcases how AI can empower organizations to drive faster discoveries, bring therapies to market sooner, and advance global healthcare innovation. This collaboration with Persistent underscores our shared commitment to enabling breakthroughs in life sciences.”

About Persistent

Persistent Systems (BSE & NSE: PERSISTENT) is a global services and solutions company delivering Digital Engineering and Enterprise Modernization to businesses across industries. With over 23,200 employees located in 19 countries, the Company is committed to innovation and client success. Persistent offers a comprehensive suite of services, including AI-enabled software engineering, product development, data and analytics, CX transformation, cloud computing, and intelligent automation. The Company has been recognized as the “Most Promising Company” of the Year by CNBC-TV18 at the 2023 India Business Leader Awards. Persistent has achieved carbon neutrality, reinforcing its commitment to sustainability and responsible business practices. As a participant of the United Nations Global Compact, the Company is committed to aligning strategies and operations with universal principles on human rights, labor, environment, and anti-corruption, as well as take actions that advance societal goals. With 327% growth in brand value since 2020, Persistent is the fastest-growing IT services brand in the 2024 Brand Finance India 100 Report.

www.persistent.com

Forward-looking and Cautionary Statements

For risks and uncertainties relating to forward-looking statements, please visit persistent.com/flcs

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