According to a market report by Lucintel, the future of the global electric fuse market looks promising with opportunities in the utilities, industrial, residential, commercial, and transportation markets. The global electric fuse market is expected to reach an estimated $5.6 billion by 2030 with a CAGR of 5.7% from 2024 to 2030. The major drivers for this market are increasing demand for electrical safety, growing adoption of renewable energy, and rising investments in infrastructure.

A more than 150 – page report is developed to understand trends, opportunity and forecast in electric fuse market to 2030 by type (power fuse & fuse link, distribution cutouts, and cartridge & plug fuse), voltage (low and medium), end use (utilities, industrial, residential, commercial, and transportation), and region (North America, Europe, Asia Pacific, and the Rest of the World).

In this market, power fuse & fuse link, distribution cutouts, and cartridge & plug fuse are the major segments of electric fuse market by type. Lucintel forecasts that power fuse & fuse link will remain the largest segment over the forecast period due to growing demand from utilities, industrial, and commercial market.

Within this market, utilities is expected to remain the largest segment due to the increasing demand for electricity and growing investments in transmission and distribution infrastructure.

APAC will remain the largest region during the forecast period due to the rapid industrialization and urbanization and growing demand for electric and electronic equipment in China and India.

Schneider Electric, Siemens, Mersen, ABB, Eaton, Bel Fuse, Littelfuse, Legrand, S&C Electric, and G&W Electric are the major suppliers in the electric fuse market.

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This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]