USD 4.62 Billion
Electric and Electronic Fuse Market Size, Share, Growth Analysis, By Product(Electrical fuse and electronic fuse), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG45J2068 |
Region:
Global |
Published Date: April, 2024
Pages:
197
|Tables:
34
|Figures:
74
Electric and Electronic Fuse Market Insights
Electric and Electronic Fuse Market size was valued at USD 4.9 Billion in 2023 and is poised to grow from USD 5.19 Billion in 2024 to USD 8.28 Billion by 2032, growing at a CAGR of 6% during the forecast period (2025-2032).
An electrical fuse is an electrical safety device used to limit current in a circuit and protect power supplies from over current. These fuses are made of an alloy of silver, copper, and tin that melts when exposed to high temperatures. An electrical fuse is a self-immolative, low-resistance device that is installed in a fuse box and used to break an electrical circuit. Fuses and circuit breakers are used as critical safety devices and power companies considering their excellent high voltage protection qualities. Electric fuses are necessary because automobiles are fitted with multiple of electrical components. Additionally, these electrical fuses protect home appliances, industrial machinery, and electronic tools from erroneous current fluctuations by reducing and managing electrical loads.
Electricity demand is steadily increasing due to economic recovery, increased manufacturing activity and promising government policies. Governments around the world are implementing several cutting-edge measures, such as 24/7 power supply, which maximizes generation capacity and upgrades existing distribution infrastructure. Generation, transmission, distribution and trading are also expected to develop rapidly due to continuous technological development and investment in the power generation sector. The electronic fuse market segment is expected to grow rapidly during the forecast period, mainly due to strong growth in the electronics industry. Electronic fuses are increasingly used to protect circuits in the limited space requirements of electronic equipment such as consumer electronics,computers, meters, power supplies and communication equipment.
US Electric and Electronic Fuse Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Electrical Fuse
Fastest Growth
Electronic Fuse
Growth Rate
6% CAGR
Global Electric and Electronic Fuse Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Electric and Electronic Fuse Market Segmental Analysis
Electric and Electronic Fuse Market is segmented on the basis of product, application, and region. By product, the Electric and Electronic Fuse Market is sub-segmented into electrical fuse and electronic fuse. With respect to application, the Electric and Electronic Fuse Market is categorized into, industrial, residential, commercial, transportation and others. Regionwise, the Electric and Electronic Fuse Market is widespread into North America, Asia Pacific, Latin America, MEA, and Europe.
Electric and Electronic Fuse Market Analysis by Product
With respect to product, the market is segmented into electrical and electronic fuses. Among these, the electrical fuse segment is expected to hold the largest share due to the huge consumption of electrical fuses in power transmission and distribution networks, circuit and motor protection. Also, factors such as increasing per capita energy consumption and rising investment in the power generation sector are further supporting the growth of the electrical fuse market.
Electric and Electronic Fuse Market Analysis by Application
With respect to segmentation by application, the electric and electronic fuse market is segmented into utility, industrial, residential, commercial, transportation, and others. Among these, the utility application segment is expected to hold the largest share owing to increasing investments in power generation, transmission and distribution,coupled with short life and low replacement costs for fuses used in the utility segment.
Global Electric and Electronic Fuse Market By Product
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Electric and Electronic Fuse Market Regional Insights
Globally, North America has great potential for the electrical fuse market and is projected to emerge as the fastest growing region for the electric and electronic fuse market. In the United States, the use of electrical fuses is expected to increase as state agencies plan to rehabilitate infrastructure and adopt environmentally friendly power distribution and transmission control systems.
Asia-Pacific dominates the electrical fuse market due to increased investment in smart grid infrastructure development, R&D expenditure, increased reliance on renewable energy sources, and ongoing infrastructure activities. Due to its high power demand, China has the largest generation and distribution capacity in the region, resulting in increased demand for power fuses. Similarly, expansion of electricity distribution in countries such as India, Australia, and Indonesia will increase the demand for electrical fuses in the Asia-Pacific region. Rise in per capita electricity consumption as a result of increasing urbanization and industrialization, construction sector,demand for improved electrical and electronic equipment is expected to drive rapid expansion in the Asia-Pacific region over the forecast period.
Moreover, the electrical fuse market is expected to grow owing to strong manufacturing base and increasing investment in power generation and infrastructure development in the developing countries of the region.
Global Electric and Electronic Fuse Market By Region
- Largest
- Fastest
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Electric and Electronic Fuse Market Dynamics
Electric and Electronic Fuse Market Drivers
Increase in Demand for Energy will Boost Growth
- The rise in demand for electricity, coupled with the increase in investments in the energy sector are the prime growth drivers boosting the electric and electrical fuse market
- Imposition of stringent laws on energy saving and the rapid urbanization rate are also augmenting the need for electrical fuse across multiple industries, thereby driving the market.
- The rise in investments in the energy sector to meet the increasing demand for power will also promote the growth of this market.
Electric and Electronic Fuse Market Restraint
Increase in Popularity of Circuit Breakers may Hamper Growth
- The rise in commodity prices and the vulnerability of fuses are making electric devices prone to short circuits in some circumstances. The advantages of fuses are likely to augment demand for circuit breakers, and this trend is expected to continue for the next few years. This market may face challenges in terms of rise in inclination towards circuit breakers. However, there are still certain component-level market areas where only fuses can be used due to cost advantages and fewer operational factors. This may help propel the need for electric and electronic fuses in the near future.
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Electric and Electronic Fuse Market Competitive Landscape
The global electric and electronic fuse market is highly fragmented in nature with the presence of several small and large market players operating all over the world. Major companies of the market are implementing several business strategies such as new product launches, acquisition & mergers, collaboration, and partnerships for the expansion of their geographical presence and their product portfolio.
Electric and Electronic Fuse Market Top Players Company Profiles
- ABB Ltd.
- Siemens AG
- Eaton Corporation plc
- Schneider Electric SE
- Bel Fuse Inc.
- S&C Electric Company
- Littelfuse, Inc.
- Mersen S.A.
- Legrand SA
- Fujitsu Limited
- General Electric Company
- SIBA GmbH
- Schurter Holding AG
- Hollyland (China) Electronics Technology Corp.
- SCHOTT AG
- Bourns, Inc.
- AEM, Inc.
- Carling Technologies, Inc.
- E-T-A Elektrotechnische Apparate GmbH
- Metaltex Deutschland GmbH
Electric and Electronic Fuse Market Recent Developments
- In March 2024, KYOCERA AVX, a leading global manufacturer of advanced electronic components engineered to accelerate technological innovation and build a better future, extended its Accu-Guard II Low-Current Fuses with new 0201 case sizes that deliver the industry's lowest current ratings.
- In December 2023, Littelfuse, an industrial technology manufacturing company empowering a sustainable, connected, and safer world, announced the release of the 656 and 658 Series Fuse Blocks product line. These fuse blocks offer a higher amperage rating, giving electronics engineers and designers more options depending on their specific application requirements.
- In December 2023, Bharat Electronics Limited (BEL) received an order of Rs 4,522 Crore from Indian Army for the supply of Fuses for various calibres
Electric and Electronic Fuse Key Market Trends
- Electronic fuses are increasingly used to protect circuits in the limited space requirements of electronic equipment such as consumer electronics, computers, meters, power supplies and communication equipment. The region’s largest share and rapid growth can be attributed to factors such as rising per capita electricity consumption due to increased urbanization and industrialization, growth in the construction sector, and increasing demand for advanced electrical and electronic equipment increase.
Electric and Electronic Fuse Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, the electronic fuse market segment is estimated to witness rapid growth during the forecast period, mainly due to the strong growth of the electronics industry. Electronic fuses are increasingly used to protect circuits in the limited space requirements of electronic equipment such as consumer electronics, computers, meters, power supplies and communication equipment. The residential sub-segment is expected to generate revenue of US$3,180.5 million during the forecast period. The availability of a wide range of electrical appliances such as security equipment, air conditioners and attractive lighting in residential areas is expected to support the growth of the sub-segment during the forecast period.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 4.62 Billion |
| Market size value in 2031 | USD 7.81 Billion |
| Growth Rate | 6% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Electric and Electronic Fuse Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Electric and Electronic Fuse Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Electric and Electronic Fuse Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Electric and Electronic Fuse Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Electric and Electronic Fuse Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Electric and Electronic Fuse Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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