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Fuse Market Size, Share, Opportunities, Key Players, Growth and Demand by 2023
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The fuses are inserted in a holder instead of using it directly in the equipment so that they can be replaced easily in a circuit if it breaks down with the current exceeding the required limit in the circuit. Generally the base material of the fuses is chosen according to the insulating property of the material. Low-priced devices such as fusible links are used in automobiles for overcurrent protection as the prices of suitably rated fuses and its holders are high.
On the basis of component configuration, the fuse market can be categorized as industrial grade power fuse, miniature glass cartridge fuse, thick and thin film chip fuse, radial leaded micro fuse, polymer PTC resettable fuse, and automotive blade fuse. On the basis of type, the global fuse market can be categorized as renewable cartridge fuse, non-renewable cartridge fuse, non-renewable plug fuse, fuse holder, special purpose fuse, fuse blocks, renewal links or element, and miscellaneous fuse.
On the basis of voltage level, the fuse market can be categorized as high voltage fuse, medium voltage fuse, and low voltage fuses. On the basis of end-user industries, the fuse market can be classified as automotive, electronics and electrical equipment, residential building construction, non-automotive transportation equipment, and non-residential building construction.
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Some of the competitors in the fuse market are Mitsubishi Materials Corporation, Eaton Corporation, Panasonic Electronic Devices Co., Ltd., Ta-I Technology Co., Ltd., Littelfuse, Inc., Sano Corporation, TE Connectivity Ltd., Polytronics Technology Corporation, ABB Ltd., Mersen, Matsuo Electric Co Ltd, and Bel Fuse Inc.
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