The global electric fuse market is expected to grow tremendously due to the growing industries such as aerospace, automobile, power transmitting equipment, and increasing power demand. Demand for advanced electronic & electrical equipment is rising due to which the demand for electric fuse is simultaneously increasing. An electric fuse is a safety device which is used to prevent electrical overload and protect electrical & electronic devices which are connected to the circuit. Depending on the applications, there are different fuse designs with a specific voltage and current ratings. An electric fuse is made by the mixture of copper, silver, and tin and its chamber are generally filled with boric acid as its refilling cost is low and it integrates better with distribution networks and transformers. It is one of the cheapest types of protection in an electrical circuit and requires no maintenance.
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In today’s digital world where most of the existing things are somehow depending upon electricity, electricity demand has increased immensely. The major factor that is increasing the demand for electric fuse is the investment in renewable energy and energy storage devices. As the energy requirements across the globe are increasing and simultaneously prices of fossil fuels increase. Due to this, the government is tilting towards renewable energy and see it as a potential primary source for energy. This creates enormous opportunities for global electric fuse market in the near future.
Additionally, adoption of electric fuse in automotive electronics is boosting across the globe. Automotive electronics share 30-40% of the total manufacturing costs of a vehicle. The use of automotive electronics has boosted attributed to the increasing demand for advanced systems such as advanced driver assistance systems, premium audio systems, diagnostic systems, electronic transmission, and infotainment systems.
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The major players that contribute to the growth of the global electric fuses market include ABB Ltd., Bel Fuse Inc., Eaton Corp., G&W Electric Co., Hubbell Inc., Legrand SA, Littelfuse, Inc., Mersen Corporate Services SAS, S&C Electric Company, Schneider Electric SE, Schurter, Inc., and Siemens AG. These market players are contributing to the market by adopting various market approaches which include merger and acquisition, partnership with government, innovate techniques for infrastructure development in order to gain a strong position in the market.
Global Electric Fuse Market- Segmentation
By Type
- Cartridge & Plug Fuse
- Power Fuse & Fuse Link
- Distribution Cut-outs
By End-User
- Industrial
- Residential
- Commercial
- Transportation
- Others (Military)
By Voltage
- Low Voltage
- High Voltage
Global Electric Fuse Market- Regions
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
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(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
