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Europe Electric Fuse Market Size - By Voltage (Low, High), By Application (Residential, Commercial, Industrial, Utility) By End-Use (Power Transformers, Electrical Cabling, Electrical Appliances, Electronic Devices, Automotive), Current Rating & Forecast 2023 – 2032

  • Report ID: GMI7125
  • Published Date: Oct 2023
  • Report Format: PDF

Europe Electric Fuse Market Size

Europe Electric Fuse Market was valued at USD 1.1 billion in 2022 and is poised to witness more than 6.4% CAGR between 2023 and 2032. The increasing emphasis on grid reliability, particularly in the face of growing renewable energy integration and the need for robust electrical infrastructure, is spurring demand for advanced fuse protection solutions. As per European Commission, Europe is set to observe approximately 83.7% growth in urbanization by 2050. Major rural populations are gradually moving towards cities in order, which in turn is complementing the industrial and commercial sector growth, thereby driving the demand for electric fuse technology across these establishments.

Europe Electric Fuse Market

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The continuous modernization of existing power networks and the rise of smart grid technologies are further propelling the market, as fuses are essential components for safeguarding grid assets and ensuring grid stability. Moreover, safety regulations and standards in Europe are increasingly stringent, prompting the adoption of technologically advanced fuses with enhanced safety features. These factors collectively contribute to the growth and development of the electric fuse market in Europe.

COVID– 19 Impact

The COVID-19 pandemic initially disrupted the Europe electric fuse market, causing supply chain disruptions and project delays. However, the market rebounded as the need for reliable electrical infrastructure and grid resilience became even more critical during the pandemic. With a growing emphasis on renewable energy integration and smart grid technologies, the market adapted to the changing landscape. The pandemic underscored the importance of secure electrical systems, further accelerating investments in advanced electric fuse solutions. The European electric fuse market demonstrated resilience and adaptability, ultimately contributing to its post-pandemic recovery and sustained growth.

Europe Electric Fuse Market Trends

The increasing adoption of renewable energy sources, such as solar and wind power, is driving the demand for electric fuses in the region. These fuses play a crucial role in protecting electrical circuits from overcurrents, especially in intermittent energy generation scenarios, thus ensuring grid stability. The ongoing modernization of aging infrastructure, particularly in urban areas, is bolstering the need for advanced and reliable fuse protection solutions. As Europe prioritizes grid reliability and efficiency, electric fuses are becoming pivotal components in enhancing electrical distribution systems.

Another prominent trend is the rise of Industry 4.0 and automation in manufacturing and industrial sectors. Electric fuses are essential in ensuring the safety of automated processes and machinery. As industries increasingly adopt automation and robotics, the demand for fuses that can protect sensitive equipment while allowing for efficient operation is on the rise. In addition, The integration of digital technologies in fuses aligns with the broader trend of digitalization and the adoption of smart grid solutions in Europe, contributing to enhanced grid management.

Europe Electric Fuse Market Analysis

 Europe Electric Fuse Market Size, By Voltage, 2021 - 2032, (USD Billion)

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The low voltage electric fuse market accounted for around 85% of the revenue share in 2022 and it is poised to exhibit more than 5.5% growth rate from 2023 to  2032. Increasing industrialization and automation in various sectors, coupled with government initiatives to enhance electrical safety standards, provide a conducive growth environment. These factors collectively fuel the market's expansion in Europe, making low voltage electric fuses integral components for secure and reliable electrical systems.

 Europe Electric Fuse Market Revenue Share, By Current Rating, 2022

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The electric fuses with current rating between 2,000 to 4,000 A exceeded USD 290 million in 2022 and is projected to surpass USD 550 million by 2032. This surge can be attributed to the increasing power demands across industrial and commercial sectors, which require higher capacity fuses to protect against overcurrents. Moreover, the rise of renewable energy sources, such as solar and wind power, demands the use of larger current-rated fuses in associated installations.

In terms of Applications, the residential electric fuse market across the region is generating a positive growth scenario for the electric fuse technology deployment. This expansion is driven by increasing urbanization, a growing population, and the need for safe and reliable electrical systems in homes. The rise of smart homes and connected devices further fuels the demand for advanced and precision-engineered fuses that protect against electrical faults and ensure the safety of residential electrical systems.

Based on end use, the electric fuse market from electric appliances will grow at a CAGR of over 7% between 2023 and 2032, attributed to the proliferation of consumer electronics, household appliances, and industrial equipment that rely on fuses for protection against electrical faults and overcurrents. With the growing emphasis on energy efficiency, safety, and advanced functionalities in electrical appliances, the need for reliable and precision-engineered fuses has amplified. The rise of electric vehicles and their charging infrastructure is another significant contributor to this growth, necessitating fuses for safety and electrical protection.

Germany Electric Fuse Market Size, 2021 - 2032, (USD Million)

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Germany electric fuse market size crossed USD 245 million in 2022 and is predicted to reach USD 450 million by 2032, owing to growing demand for electrical safety across industrial and commercial sector. The country's strong industrial base and advanced manufacturing sectors require dependable electrical protection systems, and electric fuses play a crucial role in safeguarding equipment and ensuring uninterrupted operations. Moreover, Germany's transition to renewable energy sources, such as wind and solar power, is increasing the demand for fuses to protect sensitive components in renewable energy installations.

Europe Electric Fuse Market Share

Among the key players in the European electric fuse industry, Schneider Electric stands out with a substantial market share. The company's dominance can be attributed to its comprehensive product portfolio, innovative solutions, and a strong focus on energy management and automation. Schneider Electric has effectively addressed the region's increasing demand for smart and sustainable electrical solutions, aligning perfectly with Europe's emphasis on energy efficiency and green technologies. Its extensive network of distributors and robust customer support also contribute to its market leadership, enabling Schneider Electric to meet the diverse needs of the European electric fuse market and maintain a significant market share.

The major contenders in the Europe Electric Fuses market include:

  • ABB
  • Schneider Electric
  • Eaton
  • Hubbell
  • General Electric
  • C&S Electric Limited
  • 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

Europe Electric Fuse Market News:

  • In March 2022, ABB introduced a current limiting fuse “Hi-Tech Valiant fire mitigation fuse”, designed to contain sparks within devices, thereby lowering the potential for wildfire ignitions. These units are strategically crafted to bolster fire mitigation strategies, enhance infrastructure resilience, and elevate system safety for utilities on a global scale. This innovative product is expected to play a crucial role in mitigating wildfire risks worldwide, thereby expanding ABB's customer base across the global market.
  • In April 2021, Siemens has unveiled a cutting-edge Low Voltage (LV) HRC Fuse Link, further bolstering the security and reliability of power grids. This innovative fuse link optimizes safety, providing efficient protection while increasing supply security. With its advanced features, Siemens continues to set new standards in grid technology, ensuring a more resilient and dependable energy infrastructure.

This Europe electric fuse market research report includes in-depth coverage of the industry with estimates & forecast in terms of ‘000 Units and “USD Million” from 2019 to 2032, for the following segments:

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By Voltage

  • Low
    • <100V
    • 100V-250V
    • 250V-400V
    • >400V
  • High
    • 1kV-11kV
    • 11kV-33kV
    • >33kV

By Current Rating

  • <500A
  • 500A-2000A
  • 2000-4000A
  • >4000A

By Application

  • Residential
  • Commercial
  • Industrial
  • Utility

By End Use

  • Power Transformers
  • Home Electrical Cabling
  • Electrical Appliances
  • Electronic Devices
  • Automotive
  • Others

The above information has been provided for the following countries:

  • UK
  • France
  • Germany
  • Italy
  • Netherlands


Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of electric fuse in Europe was worth more than USD 1.1 billion in 2022 and is set to exceed USD 2.1 billion by 2032 driven by the rising emphasis on grid reliability, particularly in the face of growing renewable energy integration and the increasing need for robust electrical infrastructure.

Europe low-voltage electric fuse market held over 85% revenue share in 2022 and is set to exhibit over 5.5% CAGR from 2023 to 2032, attributed to the ongoing industrialization and automation in various sectors.

The market valuation of electric fuse in Germany crossed USD 245 million in 2022 and is poised to reach over USD 450 million by 2032, driven by the rising demand for electrical safety across the industrial and commercial sectors.

Some of the top electric fuse companies in Europe are ABB, Schneider Electric, Eaton, C&S Electric Limited, Siemens, Panasonic Industry Co., Ltd., Fuji Electric FA Components & Systems Co., Ltd., S&C Electric Company, Mitsubishi Electric Corporation, and many others.

Europe Electric Fuse Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 426
  • Countries covered: 5
  • Pages: 330
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