Global Hybrid and Electric Vehicle Fuses Industry

Global Hybrid and Electric Vehicle Fuses Industry

  • April 2021 •
  • 126 pages •
  • Report ID: 5957000 •
  • Format: PDF
Abstract:
- Global Hybrid and Electric Vehicle Fuses Market to Reach $3 Billion by 2027
- Amid the COVID-19 crisis, the global market for Hybrid and Electric Vehicle Fuses estimated at US$861.8 Million in the year 2020, is projected to reach a revised size of US$3 Billion by 2027, growing at aCAGR of 19.5% over the period 2020-2027. Battery Electric Vehicles (BEVs), one of the segments analyzed in the report, is projected to record 14% CAGR and reach US$410.9 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Hybrid Electric Vehicles (HEVs) segment is readjusted to a revised 20.7% CAGR for the next 7-year period.
- The U.S. Market is Estimated at $256.3 Million, While China is Forecast to Grow at 19.5% CAGR
- The Hybrid and Electric Vehicle Fuses market in the U.S. is estimated at US$256.3 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$539.4 Million by the year 2027 trailing a CAGR of 19.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 16.7% and 17.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 14.2% CAGR.

- Select Competitors (Total 42 Featured) -
  • Eaton Corporation PLC
  • Littelfuse, Inc.
  • MERSEN SA
  • Pacific Engineering Corporation
  • SCHURTER Holding AG
  • SOC Corporation