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Summary
The global fuse market, which encompasses devices like general-purpose fuses (gG), motor-accompanying fuses (aM), and ultra-fast fuses, is projected to experience significant growth due to increased demand in various sectors. Expected to expand at a 7.7% CAGR from 2022 to 2031, the market growth is being driven by urbanization, the proliferation of electronic appliances, advancements in automotive electrification, and investments in renewable energies. The Asia-Pacific region, particularly China and India, demonstrates strong growth potential.
In France, the electrical fuse sector saw a revival in 2022 with sales climbing to 9.46 billion euros. However, the production capacity is decreasing. Simultaneously, the country is experiencing a rise in production costs for electrical equipment due to energy price hikes and raw material supply issues. Market leaders like Siemens (€72 billion in sales in 2022) and Schneider Electric (€34.176 billion in 2022), among others, dominate this industry globally, with three French companies including Schneider Electric, Legrand, and Mersen standing out in the market.
Evolving Dynamics of the French Fuse Market
Delving into the French fuse market unveils compelling trends of growth and adaptation influenced by progressive industrialization and technological expansion. The increase in household electronic devices is a prominent contributor to this surge in demand.
In France, residential sectors currently stand as the primary consumers of electrical fuses, followed by the commercial and industrial divisions. A snapshot of the French household landscape reveals between 35 and 40 million housing units, an impressive figure, with over 80% being primary residences. As the average home hosts between 70 and 120 electronic appliances, the demand for fuses naturally accelerates to keep pace with the electrification of modern living spaces.
The automobile industry also emerges as a key stakeholder in the burgeoning fuse market. With the growing propensity for electric vehicles, whose registrations soared by over 300%, the need for automotive fuses continues to ascend. This trend is well-reflected in the rising number of semiconductors per vehicle, which is projected to increase by approximately 35% over a span of six years.
Turning to electronic communications, we observe a prolific rise in the integration of fiber optic technology for internet access, reaching over 15 million premises. Mobile equipment statistics further accentuate this expansion, with active SIM cards numbering close to 80 million, a palpable jump from four years prior.
The shift towards renewable energies has birthed new opportunities for the fuse market. Aligning with France's ambitious goal to hike the share of electricity derived from renewable sources to over 30% by 2028, the renewable energy sector has witnessed record-breaking installations. Despite these flourishing segments, the French fuse market faces its shares of challenges.
The industry reveals a decline in both the number of companies specializing in fuse production and employment figures, shedding close to 10% of its companies and around 1,800 employees within a six-year window. Innovation remains an unrelenting force within this domain, with advancements in solar energy prompting the introduction of specialized fuses suited for the unique requirements of photovoltaic systems. Additionally, the advent of silicon carbide-based automotive fuses promises revolutionary safety and functionality enhancements tailored to electric vehicles. In summation, the French fuse market is akin to a dynamic ecosystem, evolving under the influences of residential and industrial developments, the transformative automotive sector, and the steadfast march toward alternative energy sources. With these sectors fortifying the demand, the fuse market in France displays resilience and adaptability despite facing the winds.
Key Players Shaping the Fuse Market Landscape
The fuse market boasts a diverse array of established companies that have cemented themselves as leaders in the industry, as well as other notable entities that contribute significantly to the sector. These players possess vast expertise across various areas of electrical and electronic components, highlighting their critical roles in the development and distribution of fuse technology.
- Siemens stands as a technological powerhouse, boasting a broad portfolio that extends beyond fuses into software and technological solutions for several industries. The company's industrial business segment is a testament to its proficiency in addressing complex electrical needs.
- Schneider Electric is known for its commitment to sustainability and its strengths in digital automation and energy management. The company's offerings play a vital role in the safe distribution and efficient use of electricity across numerous applications.
- Renowned for its innovation in electrical and digital building infrastructures, Legrand Group is another major player that contributes a wealth of products, including fuses, which ensure the safety and efficiency of electrical systems.
- ABB has established itself as an industry leader with a significant presence in the realm of power and automation technologies. Their contributions to the fuse market are backed by extensive research and a dedication to advancing the electrical industry's frontiers.
- Eaton specializes in power management solutions, offering a range of fuses that safeguard electrical systems in various settings from industrial to residential applications, ensuring the integrity and safety of electrical networks.
- Specialized in providing engineering services and solutions for both industrial and commercial clients, Emerson handles intricate challenges related to electrical safety and operations, including fuse protection for complex systems.
- French company Mersen is appreciated for its specialization in advanced materials and electrical specialties. Fuses are among the essential components they provide to a range of industries, enhancing safety and performance of electrical systems.
- Other significant contributors include Gewiss, which is engaged in manufacturing systems and components for low voltage electrical installations, Jean Müller, known for custom-made solutions in low and medium voltage technology, Wöhner, delivering innovative system solutions for the fields of energy distribution, control technology and renewable energies, and Socomec, a specialist in switching and protection solutions for electrical networks.
Together, these companies offer a comprehensive spectrum of fuse-related products and services that meet the escalating demands for electrical circuit protection in an increasingly electrified and automated world.
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Inforamtion
- Number of pages : 30 pages
- Format : Digital and PDF versions
- Last update : 12/12/2019
Summary and extracts
1 Market overview
1.1 Market overview and definition
In electricity and electronics, a fuse is a safety device thatopens an additional electrical circuit when the electric current in the fuse reaches a dangerous level over a period of time, thus reducing the current to zero.lectric current in the fuse reaches a dangerous value over a period of time, thus reducing the current to zero. The function of a fuse is therefore to protect an electrical circuit from short-circuits and overcurrents generated by a fault in the load supplied.
Fuses are used and operated in three main ways (IEC 60269 standard):
- The general-purpose fuse (gG), which is the most common type used in domestic installations to protect against overloads and short circuits;
- The motor-accompanying fuse (aM) used for short-circuit protection only, often in motors and transformers;
- The ultra-fast fuse, used to protect semiconductors.
Global demand for fuses is set to increase over the next few years, driven by the automotive industry and the rise in construction worldwide. As a result, the global fuse market is set to flourish due to the growing need to upgrade increasingly efficient grids, as well as increasing concerns over renewable energy connectivity. According toAllied Market Research, the global market is expected to grow at a CAGR of 7.7% over the period 2022-2031.
The fuse market is dominated by well-established industrial groups such as Siemens, Schneider Electric, ABB, BEL Fuse, Eaton and Fuji Electric, leaving little room for new entrants.
List of charts
- Projected fuse market size
- Sales trends in the production of electrical distribution and control equipment
- The top seven fuse export zones
- Export and import values and coverage rates
- The seven main fuse importers
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Latest news
Schneider Electric has had the best year in its history - 16/02/2024
- Net profit: 4 billion euros.
- Sales: 36 billion euros.
- Revenue growth: 13%.
- Order book for 2024: over 19 billion euros.
- Market share in electrical infrastructure for data centers: 21% in 2023.
- Hiring planned as part of this R&D investment: 6,000 people.
- Sales in the United States: over €10 billion.
- Schneider market capitalization: over 100 billion euros.
Schneider Electric returns to the exclusive club of companies worth over 100 billion euros - 12/12/2023
- Schneider Electric has a market capitalization of over 100 billion euros.
- Schneider Electric forecasts annual sales growth of 7% to 10% between 2023 and 2027.
Legrand, the French electrical equipment specialist in Italy - 09/12/2023
- Legrand employs 38,000 people and achieved sales of 8.3 billion euros in 2022.
- Legrand has 120 factories worldwide, 10 of which are in Italy.
- Italy is Legrand's third largest market worldwide, accounting for 9% of sales.
- The United States (35%) and France (15%) are the Group's first and second markets respectively.
- Legrand's Italian subsidiary generates sales of 1 billion euros, 30% of which is generated internationally.
- Residential segments account for only 40% of Legrand's worldwide sales, of which 12% come from the new residential market.
- Data centers account for 15% of the Group's business.
- Sales of Legrand's data center division are estimated at 1.2 billion euros, compared with 200 million euros six years ago.
- Legrand has made a fourth acquisition in 2023, that of ZPE Systems.
Legrand puts its Italian subsidiary Btcino under stress - 06/11/2023
- Bticino was founded in 1936, making the company almost a century old.
- Bticino became part of the French Legrand Group in 1989.
- Bticino accounted for a third of Legrand's sales at the time of its acquisition.
- Legrand generates 750 million euros, or 9% of its total sales in Italy.
- The United States accounts for 35% of Legrand sales, while France represents 15%.
- 30% of Legrand's products manufactured in Italy are exported, mainly to Europe.
- Connected products and energy efficiency account for 22% of Legrand's sales.
- Legrand has 10 factories in Italy.
- Italy and France together account for 25% of Legrand's industrial footprint worldwide.
- 12% of Legrand's sales are linked to new housing, which is less than the 15% linked to data centers.
- Data centers and energy efficiency account for 37% of Legrand's global activity.
- Over the last five years, Legrand has invested €2 billion and carried out some twenty external growth operations.
Consulting, Schneider's new driving force - 28/07/2023
- Schneider Electric aims to grow its consulting business to sales in excess of one billion euros
Schneider Electric relocates part of its profiling business to the Bas-Rhin region of France - 21/07/2023
- Launch of new electrical cabinet range: October 1st
- Annual production capacity: 80,000 cabinets
- Some thirty Schneider Electric plants worldwide
- Schneider Electric sales in 2022: 34.2 billion euros
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