Electric Fuses Market Size 2023-2029
The global Electric Fuses market was valued at US$ 3349.2 million in 2022 and is projected to reach US$ 5240.1 million by 2029, at a CAGR of 6.6% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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An electric fuse is a safety device that is designed to protect an electrical circuit from excessive current. It is essentially a thin wire or filament that is enclosed in a protective casing and placed in series with the electrical circuit. When the current flowing through the circuit exceeds the rated value of the fuse, the wire inside the fuse melts and breaks the circuit, thereby preventing any further damage or hazards. Electric fuses are widely used in various applications, including residential and commercial electrical systems, automotive and industrial machinery, and electronic devices.
This report aims to provide a comprehensive presentation of the global market for Electric Fuses, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Electric Fuses.
This report contains market size and forecasts of Electric Fuses globally, including the following market information:
Global Electric Fuses Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Electric Fuses Market Sales, 2018-2023, 2024-2029, (M Units)
Global top five Electric Fuses Companies in 2022 (%)
Global key players of Electric Fuses include Littlefuse, Legrand, Mersen, WalterFuse, etc. Global top one manufacturer holds a market share above 10%. China is the largest consumption market of Electric Fuses, holds a share about 40%, followed by North America, and Europe. In terms of product, the largest type is Low Voltage Fuses for Industrial, Photovoltaic and Electric Vehicles, followed by Electronic Consumer Chip Fuses and Electronic Consumer Plug-In Fuses. And in terms of application, the largest application is Electronic Consumer Goods.
Total Market by Segment:
Global Electric Fuses Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (M Units)
Global Electric Fuses Market Segment Percentages, by Type, 2022 (%)
Plug-In Fuses
Chip Fuses
Cartridge fuses
Blade fuses
Resettable fuses
Thermal fuses
Others
Global electric fuses Market, by Voltage, 2018-2023, 2024-2029 ($ Millions) & (M Units)
Global electric fuses Market Segment Percentages, by Voltage, 2022 (%)
Low voltage fuses (up to 1,000V)
High voltage fuses (above 1,000V)
Global ElectricFuses Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (M Units)
Global ElectricFuses Market Segment Percentages, by Application, 2022 (%)
Electronic Consumer Goods
Industrial
Photovoltaic
Electric Vehicles
Power generation & distribution
Others
Global Electric-Fuses Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (M Units)
Global Electric-Fuses Market Segment Percentages, By Region and Country, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Littelfuse
Legrand
Mersen
WalterFuse
Eaton
Sinofuse Electric
Schurter
Siemens
CONQUER ELECTRONICS
ABB
Bel Fuse
Hollyland
Betterfuse
AEM
TA I TECHNOLOGY
Schneider Electric SE
Bel Fuse Inc
Littelfuse Inc
S&C Electric Company
Fusetek
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