Electric Fuses Market Size, Emerging Trends, Technological Advancements, and Business Strategies 2023-2032

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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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.

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.

We surveyed the Electric Fuses manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

The low voltage fuses segment is expected to hold the largest share of the electric fuse market, accounting for over 60% of the global market revenue in 2020.

Asia Pacific is expected to dominate the electric fuse market, accounting for over 40% of the global market revenue in 2020, due to the presence of several leading manufacturers in the region.

The automotive industry is the largest end-use segment for electric fuses, accounting for over 25% of the global market revenue in 2020, driven by the increasing use of electric and hybrid vehicles.

The industrial segment is expected to witness significant growth in the electric fuse market, driven by the increasing automation of industrial processes and the need for advanced safety measures.

The plug-in fuses segment is expected to witness significant growth in the electric fuse market, driven by the increasing demand for consumer electronics and appliances.

Report Attributes Report Details
Report Title

Electric Fuses Market Size, Emerging Trends, Technological Advancements, and Business Strategies 2023-202

Market size in 2022 3349.2 million
Forecast Market size by 2029 5240.1 million
Growth Rate CAGR of 6.6%
by Type
  • Plug-In Fuses
  • Chip Fuses
  • Cartridge fuses
  • Blade fuses
  • Resettable fuses
  • Thermal fuses
  • Others
by Voltage
  •  Low voltage fuses (up to 1,000V)
  • High voltage fuses (above 1,000V)
by Application
  • Electronic Consumer Goods
  • Industrial
  • Photovoltaic
  • Electric Vehicles
  • Power generation & distribution
  • Others
key players
  • 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
Historical Year 2018 to 2022 (Data from 2010 can be provided as per availability)
Base Year 2022
Forecast Year 2030
Number of Pages 100+ Pages
Customization Available Yes, the report can be customized as per your need.

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 (%)

  • North America
  • US
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Russia
  • Nordic Countries
  • Benelux
  • Rest of Europe
  • Asia
  • China
  • Japan
  • South Korea
  • Southeast Asia
  • India
  • Rest of Asia
  • South America
  • Brazil
  • Argentina
  • Rest of South America
  • Middle East & Africa
  • Turkey
  • Israel
  • Saudi Arabia
  • UAE
  • Rest of Middle East & Africa

Competitor Analysis
The report also provides analysis of leading market participants including:

  1. Key companies Electric Fuses revenues in global market, 2018-2023 (Estimated), ($ millions)
  2. Key companies Electric Fuses revenues share in global market, 2022 (%)
  3. Key companies Electric Fuses sales in global market, 2018-2023 (Estimated), (M Units)
  4. Key companies Electric Fuses sales share in global market, 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

Electric Fuses market latest Trends

  1. Increased demand for electric vehicles (EVs) is driving the need for specialized fuses that can handle high voltage and power.
  2. With the rise of renewable energy sources such as solar and wind power, there is a growing demand for fuses that can operate in harsh environments and withstand extreme weather conditions.
  3. The increasing use of electronic devices in homes and workplaces is driving demand for miniature fuses that can protect sensitive electronics from overcurrents and short circuits.
  4. The integration of smart technology into the electric grid is leading to the development of fuses with remote monitoring capabilities, allowing for real-time data collection and analysis.
  5. In the industrial sector, there is a growing need for fuses that can handle higher currents and voltages, particularly in heavy machinery and equipment.
  6. The use of renewable energy in data centers is driving demand for fuses that can operate at higher temperatures and have a longer lifespan to reduce maintenance costs.
  7. The development of 5G technology is expected to drive demand for fuses that can handle high-frequency currents and provide reliable protection in telecommunications infrastructure.

 

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Table of Content

1 Introduction to Research & Analysis Reports
1.1 Electric Fuses Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global Electric Fuses Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global Electric Fuses Overall Market Size
2.1 Global Electric Fuses Market Size: 2022 VS 2029
2.2 Global Electric Fuses Revenue, Prospects & Forecasts: 2018-2029
2.3 Global Electric Fuses Sales: 2018-2029
3 Company Landscape
3.1 Top Electric Fuses Players in Global Market
3.2 Top Global Electric Fuses Companies Ranked by Revenue
3.3 Global Electric Fuses Revenue by Companies
3.4 Global Electric Fuses Sales by Companies
3.5 Global Electric Fuses Price by Manufacturer (2018-2023)
3.6 Top 3 and Top 5 Electric Fuses Companies in Global Market, by Revenue in 2022
3.7 Global Manufacturers Electric Fuses Product Type
3.8 Tier 1, Tier 2 and Tier 3 Electric Fuses Players in Global Market
3.8.1 List of Global Tier 1 Electric Fuses Companies
3.8.2 List of Global Tier 2 and Tier 3 Electric Fuses Companies
4 Sights by Product
4.1 Overview
4.1.1 By Type – Global Electric Fuses Market Size Markets, 2022 & 2029
4.1.2 Electronic Consumer Plug-In Fuses
4.1.3 Electronic Consumer Chip Fuses
4.1.4 Low Voltage Fuses for Industrial, Photovoltaic and Electric Vehicles
4.1.5 Others
4.2 By Type – Global Electric Fuses Revenue & Forecasts
4.2.1 By Type – Global Electric Fuses Revenue, 2018-2023
4.2.2 By Type – Global Electric Fuses Revenue, 2024-2029
4.2.3 By Type – Global Electric Fuses Revenue Market Share, 2018-2029
4.3 By Type – Global Electric Fuses Sales & Forecasts
4.3.1 By Type – Global Electric Fuses Sales, 2018-2023
4.3.2 By Type – Global Electric Fuses Sales, 2024-2029
4.3.3 By Type – Global Electric Fuses Sales Market Share, 2018-2029
4.4 By Type – Global Electric Fuses Price (Manufacturers Selling Prices), 2018-2029
5 Sights by Application
5.1 Overview
5.1.1 By Application – Global Electric Fuses Market Size, 2022 & 2029
5.1.2 Electronic Consumer Goods
5.1.3 Industrial
5.1.4 Photovoltaic
5.1.5 Electric Vehicles
5.1.6 Others
5.2 By Application – Global Electric Fuses Revenue & Forecasts
5.2.1 By Application – Global Electric Fuses Revenue, 2018-2023
5.2.2 By Application – Global Electric Fuses Revenue, 2024-2029
5.2.3 By Application – Global Electric Fuses Revenue Market Share, 2018-2029
5.3 By Application – Global Electric Fuses Sales & Forecasts
5.3.1 By Application – Global Electric Fuses Sales, 2018-2023
5.3.2 By Application – Global Electric Fuses Sales, 2024-2029
5.3.3 By Application – Global Electric Fuses Sales Market Share, 2018-2029
5.4 By Application – Global Electric Fuses Price (Manufacturers Selling Prices), 2018-2029
6 Sights by Region
6.1 By Region – Global Electric Fuses Market Size, 2022 & 2029
6.2 By Region – Global Electric Fuses Revenue & Forecasts
6.2.1 By Region – Global Electric Fuses Revenue, 2018-2023
6.2.2 By Region – Global Electric Fuses Revenue, 2024-2029
6.2.3 By Region – Global Electric Fuses Revenue Market Share, 2018-2029
6.3 By Region – Global Electric Fuses Sales & Forecasts
6.3.1 By Region – Global Electric Fuses Sales, 2018-2023
6.3.2 By Region – Global Electric Fuses Sales, 2024-2029
6.3.3 By Region – Global Electric Fuses Sales Market Share, 2018-2029
6.4 North America
6.4.1 By Country – North America Electric Fuses Revenue, 2018-2029
6.4.2 By Country – North America Electric Fuses Sales, 2018-2029
6.4.3 US Electric Fuses Market Size, 2018-2029
6.4.4 Canada Electric Fuses Market Size, 2018-2029
6.4.5 Mexico Electric Fuses Market Size, 2018-2029
6.5 Europe
6.5.1 By Country – Europe Electric Fuses Revenue, 2018-2029
6.5.2 By Country – Europe Electric Fuses Sales, 2018-2029
6.5.3 Germany Electric Fuses Market Size, 2018-2029
6.5.4 France Electric Fuses Market Size, 2018-2029
6.5.5 U.K. Electric Fuses Market Size, 2018-2029
6.5.6 Italy Electric Fuses Market Size, 2018-2029
6.5.7 Russia Electric Fuses Market Size, 2018-2029
6.5.8 Nordic Countries Electric Fuses Market Size, 2018-2029
6.5.9 Benelux Electric Fuses Market Size, 2018-2029
6.6 Asia
6.6.1 By Region – Asia Electric Fuses Revenue, 2018-2029
6.6.2 By Region – Asia Electric Fuses Sales, 2018-2029
6.6.3 China Electric Fuses Market Size, 2018-2029
6.6.4 Japan Electric Fuses Market Size, 2018-2029
6.6.5 South Korea Electric Fuses Market Size, 2018-2029
6.6.6 Southeast Asia Electric Fuses Market Size, 2018-2029
6.6.7 India Electric Fuses Market Size, 2018-2029
6.7 South America
6.7.1 By Country – South America Electric Fuses Revenue, 2018-2029
6.7.2 By Country – South America Electric Fuses Sales, 2018-2029
6.7.3 Brazil Electric Fuses Market Size, 2018-2029
6.7.4 Argentina Electric Fuses Market Size, 2018-2029
6.8 Middle East & Africa
6.8.1 By Country – Middle East & Africa Electric Fuses Revenue, 2018-2029
6.8.2 By Country – Middle East & Africa Electric Fuses Sales, 2018-2029
6.8.3 Turkey Electric Fuses Market Size, 2018-2029
6.8.4 Israel Electric Fuses Market Size, 2018-2029
6.8.5 Saudi Arabia Electric Fuses Market Size, 2018-2029
6.8.6 UAE Electric Fuses Market Size, 2018-2029
7 Manufacturers & Brands Profiles
7.1 Littelfuse
7.1.1 Littelfuse Company Summary
7.1.2 Littelfuse Business Overview
7.1.3 Littelfuse Electric Fuses Major Product Offerings
7.1.4 Littelfuse Electric Fuses Sales and Revenue in Global (2018-2023)
7.1.5 Littelfuse Key News & Latest Developments
7.2 Legrand
7.2.1 Legrand Company Summary
7.2.2 Legrand Business Overview
7.2.3 Legrand Electric Fuses Major Product Offerings
7.2.4 Legrand Electric Fuses Sales and Revenue in Global (2018-2023)
7.2.5 Legrand Key News & Latest Developments
7.3 Mersen
7.3.1 Mersen Company Summary
7.3.2 Mersen Business Overview
7.3.3 Mersen Electric Fuses Major Product Offerings
7.3.4 Mersen Electric Fuses Sales and Revenue in Global (2018-2023)
7.3.5 Mersen Key News & Latest Developments
7.4 WalterFuse
7.4.1 WalterFuse Company Summary
7.4.2 WalterFuse Business Overview
7.4.3 WalterFuse Electric Fuses Major Product Offerings
7.4.4 WalterFuse Electric Fuses Sales and Revenue in Global (2018-2023)
7.4.5 WalterFuse Key News & Latest Developments
7.5 Eaton
7.5.1 Eaton Company Summary
7.5.2 Eaton Business Overview
7.5.3 Eaton Electric Fuses Major Product Offerings
7.5.4 Eaton Electric Fuses Sales and Revenue in Global (2018-2023)
7.5.5 Eaton Key News & Latest Developments
7.6 Sinofuse Electric
7.6.1 Sinofuse Electric Company Summary
7.6.2 Sinofuse Electric Business Overview
7.6.3 Sinofuse Electric Electric Fuses Major Product Offerings
7.6.4 Sinofuse Electric Electric Fuses Sales and Revenue in Global (2018-2023)
7.6.5 Sinofuse Electric Key News & Latest Developments
7.7 Schurter
7.7.1 Schurter Company Summary
7.7.2 Schurter Business Overview
7.7.3 Schurter Electric Fuses Major Product Offerings
7.7.4 Schurter Electric Fuses Sales and Revenue in Global (2018-2023)
7.7.5 Schurter Key News & Latest Developments
7.8 Siemens
7.8.1 Siemens Company Summary
7.8.2 Siemens Business Overview
7.8.3 Siemens Electric Fuses Major Product Offerings
7.8.4 Siemens Electric Fuses Sales and Revenue in Global (2018-2023)
7.8.5 Siemens Key News & Latest Developments
7.9 CONQUER ELECTRONICS
7.9.1 CONQUER ELECTRONICS Company Summary
7.9.2 CONQUER ELECTRONICS Business Overview
7.9.3 CONQUER ELECTRONICS Electric Fuses Major Product Offerings
7.9.4 CONQUER ELECTRONICS Electric Fuses Sales and Revenue in Global (2018-2023)
7.9.5 CONQUER ELECTRONICS Key News & Latest Developments
7.10 ABB
7.10.1 ABB Company Summary
7.10.2 ABB Business Overview
7.10.3 ABB Electric Fuses Major Product Offerings
7.10.4 ABB Electric Fuses Sales and Revenue in Global (2018-2023)
7.10.5 ABB Key News & Latest Developments
7.11 Bel Fuse
7.11.1 Bel Fuse Company Summary
7.11.2 Bel Fuse Electric Fuses Business Overview
7.11.3 Bel Fuse Electric Fuses Major Product Offerings
7.11.4 Bel Fuse Electric Fuses Sales and Revenue in Global (2018-2023)
7.11.5 Bel Fuse Key News & Latest Developments
7.12 Hollyland
7.12.1 Hollyland Company Summary
7.12.2 Hollyland Electric Fuses Business Overview
7.12.3 Hollyland Electric Fuses Major Product Offerings
7.12.4 Hollyland Electric Fuses Sales and Revenue in Global (2018-2023)
7.12.5 Hollyland Key News & Latest Developments
7.13 Betterfuse
7.13.1 Betterfuse Company Summary
7.13.2 Betterfuse Electric Fuses Business Overview
7.13.3 Betterfuse Electric Fuses Major Product Offerings
7.13.4 Betterfuse Electric Fuses Sales and Revenue in Global (2018-2023)
7.13.5 Betterfuse Key News & Latest Developments
7.14 AEM
7.14.1 AEM Company Summary
7.14.2 AEM Business Overview
7.14.3 AEM Electric Fuses Major Product Offerings
7.14.4 AEM Electric Fuses Sales and Revenue in Global (2018-2023)
7.14.5 AEM Key News & Latest Developments
7.15 TA I TECHNOLOGY
7.15.1 TA I TECHNOLOGY Company Summary
7.15.2 TA I TECHNOLOGY Business Overview
7.15.3 TA I TECHNOLOGY Electric Fuses Major Product Offerings
7.15.4 TA I TECHNOLOGY Electric Fuses Sales and Revenue in Global (2018-2023)
7.15.5 TA I TECHNOLOGY Key News & Latest Developments
8 Global Electric Fuses Production Capacity, Analysis
8.1 Global Electric Fuses Production Capacity, 2018-2029
8.2 Electric Fuses Production Capacity of Key Manufacturers in Global Market
8.3 Global Electric Fuses Production by Region
9 Key Market Trends, Opportunity, Drivers and Restraints
9.1 Market Opportunities & Trends
9.2 Market Drivers
9.3 Market Restraints
10 Electric Fuses Supply Chain Analysis
10.1 Electric Fuses Industry Value Chain
10.2 Electric Fuses Upstream Market
10.3 Electric Fuses Downstream and Clients
10.4 Marketing Channels Analysis
10.4.1 Marketing Channels
10.4.2 Electric Fuses Distributors and Sales Agents in Global
11 Conclusion
12 Appendix
12.1 Note
12.2 Examples of Clients
12.3 Disclaimer

License

Excel Data Pack, PDF/PPT Professional License