Global Fusible Plug Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Fusible Plug Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A fusible plug is a threaded metal of cylinder usually of bronze, brass or gunmetal, with a tapered hole drilled completely through its length. This hole is sealed with a metal of low melting point that flows away if a pre-determined, high temperature is reached. The initial use of the fusible plug was as a safety precaution against low water levels in steam engine boilers, later applications extended its use to other closed vessels, such as tanks for transporting corrosive or liquefied petroleum gasses and so on. The market size in this report only includes fusible plugs sold externally, fusible plugs integrated in gas cylinders, boilers, etc. are not within the scope of this report.

Market Overview:

The latest research study on the global Fusible Plug market finds that the global Fusible Plug market reached a value of USD 98.14 million in 2022. It’s expected that the market will achieve USD 124.26 million by 2028, exhibiting a CAGR of 4.01% during the forecast period.

Drivers

Extensive downstream applications drive fusible plugs market.
A fusible plug is equipment that boosts the safety of the steam boiler and acts as a warning device against overheating. As thermally operated pressure relief component, fusible plugs find application in many industries due to their simple construction while reliable operation. In addition to fluid couplings, it is also used in: compressed gas cylinder, air bottle, A/C condenser, receiver drier, fusible loop system, aircraft wheel tires, etc.
Customization and product innovation bring new opportunities.
With the development of industry and the advancement of technology, more and more fusible plugs are customized according to customer requirements, including the development of products for new applications, or the replacement of original products.

Challenges

The fusible plug has a small number of use defects.
Lack of dedicated international standards and uniform testing standards for fusible plugs.
Fusible plugs are niche products with very segmented applications. There lacks generally recognized international standard specially for fusible plugs.

Restraints

Raw material prices fluctuate.
The impact of the new crown epidemic on the industrial chain

Region Overview:

China had the highest growth rate of all regions.

In global comparison, a significant portion of the revenue was generated in North America (31.42% in 2021).

Company Overview

Elsie Manufacturing
Elsie Manufacturing is a world leader in fusible materials used in fire protection. The principals at Elsie are the same that conceived, developed and patented the original fusible links back in 1947. Elsie fusible links have been applied all over the world in such products as pressure tanks, damper doors, fire doors, parts washers, gas pumps, sprinkler systems, safes and chimneys.

Bajaj Engineering Works

Bajaj Engineering Works, a technology driven company, takes immense pleasure to serve Industrial Products accredited with ISI / IBR. They are one of the leading Manufacturers, Suppliers and Exporters of wide range of products including Water Level Gauges, Steam Traps, Y Type Strainers, Metal Cocks, Industrial Valves and so on. Moreover, they are also privileged to possess ISO 9001:2000 certification, which reflects the credibility of the products.

Elsie Manufacturing is one of the major players operating in the Fusible Plug market, holding a share of 5.64% in 2022.

Elsie Manufacturing, Bajaj Engineering Works, XINXIANG JINTIAN, Betts, Castel S.r.l. are the five key players in the global Fusible Plug market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global market in the past 5 years.

Segmentation Overview:

By type,<=212°F segment accounted for the largest share of market in 2021.

The fusible plug uses the low melting point alloy in the device to melt at a relatively high temperature, open the channel, and discharge the gas from the originally filled fusible alloy hole to release the pressure.

Fusible plugs can be divided into melting points less than or equal to 212°F, 213°F-369°F, and greater than or equal to 370°F according to the melting point of the low-melting alloy in the device.

Application Overview:

By application, the Gas Storage and Transportation segment occupied the biggest share from 2017 to 2022.

Steam Boilers

A fusible plug, also known as a safety plug, or threaded fusible plug. It is one such safety device that is commonly used in steam boilers. It ensures that in case of water levels recede to dangerous levels, operators will be alerted by a strong stream of steam, allowing them to take action.

Gas Storage and Transportation

Fusible plugs are commonly used in compressed gas cylinders for gas transfer and storage, including chlorine, oxygen, CNG (compressed natural gas), LPG (liquefied petroleum gas) and other gases.

Hydraulic Coupler

Fluid coupling (hydraulic coupling) is a safety component capable of protecting the motor and the machine from overtorque. Fluid couplings often require fusible plugs to prevent overheating.

Others

In addition, fusible plugs are also used in air conditioning condensers, receiver dryers, aircraft wheel tires and other fields.

Key Companies in the global Fusible Plug market covered in Chapter 3:

Suraj Metal Corporation
Zoloto Valves
Bajaj Engineering Works
DALIAN HONGSHENG
Elsie Manufacturing
Power Master
XINXIANG JINTIAN
Power Plus International
Castel S.r.l.
RUSHAS ENGINEERING CO. PVT. LTD
Bonut Engineering
Valvco International
Betts

In Chapter 4 and Chapter 14.2, on the basis of types, the Fusible Plug market from 2018 to 2029 is primarily split into:
<=212°F
213°F-369°F
>=370°F

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Fusible Plug market from 2018 to 2029 covers:

Steam Boilers
Gas Storage and Transportation
Hydraulic Coupler
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)