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Electric Fuse Market Share

Report ID: GMI3508
Published Date: Jun 2023
Report Format: PDF

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Electric Fuse Market Share

Notable companies operating in the electric fuse market include

ABB
Schneider Electric
Eaton
Hubbell
General Electric
C&S Electric Limited
Optifuse
Siemens
Panasonic Industry Co., Ltd.
Mersen EP
Bel Fuse Inc.
Legrand
Fuji Electric FA Components & Systems Co., Ltd.
S&C Electric Company
KYOCERA AVX Components Corporation
Mitsubishi Electric Corporation

Key players in the competitive landscape have implemented strategic implications, such as forming strategic partnerships and alliances, as well as increasing investments in research and development. Industry giants are focused on establishing high-speed and high-volume manufacturing expertise to produce electric fuses of improved quality and competitive pricing. Ensuring timely delivery of products is a priority for these companies.

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of electric fuse exceeded USD 4.3 billion in 2023 and is projected to witness 5.9% CAGR from 2024 to 2032, owing to the increasing demand for electricity on account of rising population, urbanization, and industrialization.

The 500A current rating electric fuse is anticipated to witness a substantial growth rate of 5.5% through 2032, backed by the expansion of residential establishments worldwide, coupled with improved living standards that has led to an increased demand for home electrical appliances.

Asia Pacific electric fuse revenue will be worth over USD 3 billion by 2032, due to rapidly growing population, increasing demand for continuous & safe supply of electricity, and expansion & interconnection of grid infrastructure.

ABB, Schneider Electric, Eaton, Hubbell, General Electric, C&S Electric Limited, Optifuse, Siemens, Panasonic Industry Co., Ltd., KYOCERA AVX Components Corporation, and Mitsubishi Electric Corporation among others.