Skip to main content

Electric Fuse Market Size to Reach $4.6 billion by 2026 | Leading key players are Schneider Electric, Siemens, Mersen, ABB, Eaton, Bel Fuse Inc

Electric Fuse Market Size to Reach $4.6 billion by 2026 | Leading key players are Schneider Electric, Siemens, Mersen, ABB, Eaton, Bel Fuse Inc
Key Market Player - Some of the key players are Schneider Electric (France), Siemens (Germany), Mersen (France), ABB (Switzerland), Eaton (Ireland), Bel Fuse Inc. (US), Littelfuse (US), Legrand (France), S&C Electric Company (US), and Hubbell (US).
Increasing investments in construction industry attributing to rapid urbanization, and high demand for electric fuses in the construction sector are the key factors driving the growth of the electric fuse market.

According to the new market research report "Electric Fuse Market by Type (Power Fuse & Fuse Link, Distribution Cutouts, Cartridge & Plug Fuse,), Voltage (Low, Medium), End-Users (Utilities, Industrial, Residential, Commercial, Transportation), region - Global Forecast to 2026", is projected to reach USD 4.6 billion by 2026 from an estimated USD 3.5 billion in 2021, at a CAGR of 5.8%. This growth can be attributed to the growing investments in the renewable and energy storage, increasing investments in T&D infrastructure plans, and revival of investments in the construction sector.


Download PDF Brochure - https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=35385419

The medium voltage segment is expected to hold the largest share of the electric fuse market, by voltage, during the forecast period.

The medium voltage segment is estimated to dominate the electric fuse market in 2018 and is projected to have the largest market share during the forecast period. The medium voltage range for fuses is defined as fuses with the capacity to open circuit at voltage range above 1 kV to 38 kV. The high demand for medium voltage fuse is due to the continuous construction of transmission and distribution network along with the high replaceability of fuses. The major end uses of medium voltage fuses are for electric utilities, transformers & substations, distribution networks, and heavy industries such as oil & gas industry. The medium voltage fuses are mostly the power fuses used for current limiting function, motor circuit protection, and back up for protection from default current.

The transportation segment is expected to be the second fastest growing segment of the electric fuse market, by end-use, during the forecast period.

The transportation segment accounted for the second highest CAGR during the forecast period. The demand for electric fuses is driven by the high growth and developments in the global railway industry. Furthermore, the fast commercialization of electric trains and metros from the developing nations is driving the demand for electric fuses from tractions. Furthermore, the concepts of high speed trains, freight wagons, bullet trains will create opportunities for electric fuses in the near future.

Asia Pacific: The largest market for electric fuse.

In this report, the electric fuse market has been analyzed with respect to 5 regions, namely, North America, South America, Europe, Asia Pacific, and the Middle East & Africa. Asia Pacific is estimated to dominate the global electric fuse market in 2018 owing to the development and growth of countries such as China, Japan, Australia, and India, where there is a huge requirement for power and infrastructural development due to growing population and urbanization. The transportation infrastructure in the region is at the verge of getting electrified. This also creates opportunities for electric fuses in the Asia Pacific railway and traction segment. Furthermore, the region is the largest consumer of solar energy, and countries such as India and China are driving the renewable energy market. For instance, India has set goals for generating 175 GW of electricity through renewables by 2022. Such factors are likely to drive the Asia Pacific electric fuse market.

Request Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=35385419

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the electric fuse market. Some of the key players are Schneider Electric (France), Siemens (Germany), Mersen (France), ABB (Switzerland), Eaton (Ireland), Bel Fuse Inc. (US), Littelfuse (US), Legrand (France), S&C Electric Company (US), and Hubbell (US). The leading players are adopting various strategies to increase their shares in the electric fuse market.

Browse Related Reports:

Gas-Insulated Substation Market by Voltage Type (Medium, High, and Extra High), Installation (Indoor and Outdoor), Output Power, End User (Power Transmission Utility, Distribution Utility, and Generation Utility), and Region - Global Forecast to 2023

https://www.marketsandmarkets.com/Market-Reports/gas-insulated-substation-market-222051400.html

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com

Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/electric-fuse-market-35385419.html


Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.