Global electric fuse market is projected to grow at a high rate during the forecast period due to the intensifying adoption of renewable energy sources. The major factors driving the growth of Global electric fuse market include rising investments in the renewable power industry, transmission and distribution infrastructure, and construction industry. A metal wire or strip is a vital component of an electric fuse, as it melts when a high current flows through it, thereby interrupting the electric current. It is used for short circuit and overload protection in high voltage and low voltage installations. Due to the covid-19 pandemic, the market growth was affected but it is expected to be a cover-up in few years as electric fuse has zero maintenance, lesser operation time compared to the operation of a circuit breaker, and the ability to interrupt short circuit current without producing smoke or noise.

According to 6Wresearch, the Global Electric Fuse Market size is anticipated to register growth during 2020-26. At present, according to the Energy Information Administration (EIA), in the US, the investment in circuit protection equipment has increased over the last decade, which would result in rising opportunities for the use of electric fuses by the utilities. Based on region, Asia-Pacific is dominating the largest share in the electric fuse market owing to better investments in the smart grid infrastructure development, T&D spending, rising dependence on renewable power generation sources, and infrastructural activities over the past few years.

Based on voltage, Global Electric Fuse market is categorized into low and medium. Out of which the Medium segment is expected to be the fastest-growing in the market. There is high demand for medium voltage fuse due to the continuous construction of transmission and distribution networks along with the high replaceability of fuses. Based on type, Global Electric Fuse Market is segmented into Power fuse and fuse links, Distribution cutouts, Cartridge and plug fuses and others. In terms of the end-users, the market is further categorized into Residential, Commercial, Industrial, Transportation and Utilities. The transportation segment is expected to witness the highest growth rate over the forecast period.

The major players operating in Global electric fuse market are Eaton (Ireland), ABB (Switzerland), Siemens (Germany), Schneider Electric (France), Hubbell (US), Legrand (France), Mersen (France), Little Fuse (US), Bel Fuse (US), S&C Electric Company (US), and G&W Electric (US).

Global Electric Fuse Market report thoroughly covers the market by types, voltage, end-users, and regions including Asia-Pacific, North America, Europe, the Middle East & Africa, and South America and key countries. Global Electric Fuse Market outlook report provides an unbiased and detailed analysis of the ongoing Global Electric Fuse Market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Key Highlights

• Global Electric Fuse Market Outlook
• Global Electric Fuse Market Overview
• Global Electric Fuse Market Forecast
• Historical Data for the period 2016-2019 and Market Forecast of Global Electric Fuse Market Revenues until 2026
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Voltage
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Type
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By End User
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Regions
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Latin America Electric Fuse Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Europe Electric Fuse Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Middle East and Africa Electric Fuse Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for North America Electric Fuse Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Asia Pacific Electric Fuse Market
• Market Drivers and Restraints
• Global Electric Fuse Market Trends
• Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Global Electric Fuse Market Share, By Players
• Competitive Benchmarking

Markets Covered

The report provides a detailed analysis of the following market segments:

• By Voltage:
• Low Voltage
• Medium Voltage
• By Type:
• Power Fuse and Fuse Links
• Distribution Cut-outs
• Cartridge and Plug Fuses
•  Others
• By End User:
• Residential
• Commercial
• Industrial
• Utilities
• Transportation
• By Regions:
• Middle East and Africa
• Latin America
• Asia Pacific
• Europe
• North America