Electric Fuses Market Size 2023-2029

Oct 04, 2023

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.

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

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