The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Rising electric consumption is expected to spur innovation in electric fuse manufacturing, propelling the market during the forecast period.

The global electric fuse market is expected to grow from $3.95 billion in 2022 to $4.21 billion in 2023 at a compound annual growth rate (CAGR) of 6.7%. The electric fuse market size is expected to grow to $5.35 billion in 2027 at a CAGR of 6.2%.

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Global Electric Fuse Market Segments Include:

• By Product Type: Industrial Power And UL Fuses, Axial Radial Thru Hole Fuses, Cartridge Fuses, Surface Mount Fuses, Specialty Power Fuses
• By Type: Power Fuse And Fuse Links, Distribution Cutouts, Cartridge And Plug Fuses, Other Types
• By Voltage: Low Voltage, Medium Voltage
• By End-Users: Utilities, Industrial, Residential, Commercial, Transportation, Other End-Users

• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global electric fuse market in 2021.

Major Market Players in the electric fuse market include Schneider Electric, Siemens AG, Mersen, ABB, Eaton, Bel Fuse Inc., Littelfuse, Legrand, S&C Electric Company.

Technological progress is a key trend that is gaining traction in the electric fuse market. To gain a competitive advantage in the market, major market players are developing technologically advanced electric fuses that are compatible with electric vehicles. Littelfuse, a US-based circuit protection manufacturer, for example, launched new 828 series high-voltage cartridge fuses, a type of electric fuses that provide superior overcurrent protection for automotive electric vehicle designs, in May 2022. The AEC-Q200-compliant 828 series high-voltage cartridge fuses are available in 500 through-hole and 300 bolt-down packages. In addition to RoHS compliance, the company’s fuses are lead-free and halogen-free. The fuse series, which operates between -55 and 125 degrees Celsius, can be used with printed circuit boards or screw-in assemblies. Because they have end caps with integrated stand-off leads and bolt-down functions, the fuses do not require any mounting components or lead-forming processes.

The Electric Fuse Global Market Report 2023  provides a electric fuse market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The electric fuse market forecast analyzes electric fuse market size, electric fuse market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

An electrical fuse is a safety device that protects against current overflow in an electrical circuit. A metal wire or strip is an important component of an electrical fuse that melts when an overcurrent flows through it. Stopping or interrupting the current helps to protect the device. A fuse’s purpose is to protect a circuit and any appliances connected to the circuit if the current exceeds the fuse’s limit due to voltage fluctuations or shorts.

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