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Utility Electric Fuse Market Size

  • Report ID: GMI7415
  • Published Date: Nov 2023
  • Report Format: PDF

Utility Electric Fuse Market Size

Utility Electric Fuse Market was valued at USD 1 billion in 2022 and is poised to witness more than 6.5% CAGR between 2023 and 2032, due to the increasing demand for reliable electricity supply and the modernization of power infrastructure worldwide. With the rise in population and industrialization, there's a corresponding surge in electricity consumption, necessitating the upgrade and expansion of power distribution networks.

 

Utility Electric Fuse Market

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Additionally, the escalating adoption of renewable energy sources like solar and wind power contributes to the need for efficient fuse technologies to manage and protect these systems from overcurrents and faults. As industries and consumers alike prioritize uninterrupted power supply, the utility electric fuse industry continues to expand, driven by the imperative to enhance grid reliability and safety measures.
 

 

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of utility electric fuse was exceeded USD 1 billion in 2022 and is projected observe over 6.5% CAGR from 2023 to 2032, favored by the modernization of power infrastructure worldwide.

The utility electric fuse with current rating between 2000A to 4000A segment was worth USD 600 million in 2022 and is anticipated to showcase 8.5% CAGR from 2023 to 2032 attributed to escalating global need for electricity, coupled with the integration of renewable energy sources like solar and wind power.

Asia Pacific market for utility electric fuse is poised to register 7% CAGR between 2023 and 2032, due to the rapid urbanization, industrialization, and the expansion of power infrastructure across the region.

ABB, Schneider Electric, Eaton, General Electric, S&C Electric Company, Enerlux Power s.r.l., MERSEN, Littelfuse, Inc., SIBA GmbH, Bel Fuse Inc., Fuji Electric FA Components & Systems Co., Ltd., and L&T Electrical & Automation FZE.

Utility Electric Fuse Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 12
  • Tables & Figures: 472
  • Countries covered: 21
  • Pages: 360
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