Press release
Rising Electricity Consumption Propels Electric Fuse Market Growth Driver: A Major Catalyst in the Evolution of the Electric Fuse Market in 2025
Electric Fuse Market Size
The anticipated rise in electricity usage is set to propel the electric fuse market. Electricity consumption, measured in Wh (or kWh), denotes the quantity of electricity used over a certain duration. This figure is escalating due to factors like population growth, economic progression and technological advancement. There is an increased necessity for electrical fuses like UL power fuses in several sectors such as medical, industrial, lighting, power generation, appliances, climate control, and automobiles, which are heavy electricity users, to control excess flow and minimize waste. As projected by the US Energy Information Administration (EIA), a statistical department of the US energy sector, in 2024, the proportion of electricity generated by renewables is set to increase from 30% in 2023 to 37% in 2026, largely driven by the proliferation of increasingly affordable solar PV. Therefore, this uptick in electricity usage is expected to boost the electric fuse market within the projected timeframe.
Get Your Electric Fuse Market Report Here:
https://www.thebusinessresearchcompany.com/report/electric-fuse-global-market-report
What is the projected compound annual growth rate (CAGR) of the electric fuse market from 2025 to 2034, and what factors influence it?
The size of the electric fuse market has seen robust growth in recent years. It's projected to rise from $4.45 billion in 2024 up to $4.72 billion in 2025, with a compound annual growth rate (CAGR) of 6.0%. Factors responsible for this growth during the historic period include industrialization and urbanization, enhanced electrical infrastructure, developments in power electronics, safety and fire prevention measures, the rise in automotive electrification, an increased demand for consumer electronics, growth in the telecommunications sector, and consumer education about electrical safety.
The electric fuse market is predicted to experience substantial growth in the upcoming years, escalating to a worth of $6.12 billion by 2029 with a compound annual growth rate (CAGR) of 6.7%. This anticipated growth in the forecast period can be linked to factors such as modernization of electric equipment, stricter safety regulations, rapid expansion of electric vehicles, integration of energy storage systems, increasing complexities in electric networks, demand for smaller and more efficient fuses, and resilience planning in electrical networks. Upcoming trends during this period involve technological innovations in fuse design, advancements in semiconductor technology, digitalization of power distribution, customization of specific applications, miniaturization of component parts, improvements in fuse material, expansion of power distribution networks, and smart grid infrastructure.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=8552&type=smp
How are the latest trends influencing the growth of the electric fuse market?
The trend towards technological innovation is increasingly prevalent within the electric fuse industry. Leading firms within this sector are continually creating state-of-the-art electric fuses that are suitable for use with electric vehicles, as a means to solidify their market presence. Littelfuse, an American company that specializes in circuit protection manufacturing, revealed their new 828 series of high-voltage cartridge fuses in May 2022. These particular electric fuses offer enhanced overcurrent protection suited to electric vehicle technology. Meeting AEC-Q200 standards, the 828 series fuses are available in two options: 500 through-hole and 300 bolt-down packages. They are not only compliant with RoHS; they are also lead free and free from halogens. The fuses are designed for compatibility with printed-circuit boards or screw-in assemblies, operating within a temperature range of -55 to 125 degrees Celsius. Notably, the series simplifies the installation process with incorporated stand-off leads and bolt-down functions on the end caps, negating the need for additional mounting components or lead-forming processes.
What are the major segments of the electric fuse market and their role in driving growth?
The electric fuse market covered in this report is segmented -
1) By Product Type: Industrial Power And UL Fuses, Axial Radial Thru Hole Fuses, Cartridge Fuses, Surface Mount Fuses, Specialty Power Fuses
2) By Type: Power Fuse And Fuse Links, Distribution Cutouts, Cartridge And Plug Fuses, Other Types
3) By Voltage: Low Voltage, Medium Voltage
4) By End-Users: Utilities, Industrial, Residential, Commercial, Transportation, Other End-Users
Subsegments:
1) By Industrial Power And UL Fuses: Industrial Power Fuses, UL Recognized Fuses
2) By Axial Radial Thru Hole Fuses: Axial Fuses, Radial Fuses
3) By Cartridge Fuses: Type C Cartridge Fuses, Type D Cartridge Fuses
4) By Surface Mount Fuses: Chip Fuses, Thin Film Fuses
5) By Specialty Power Fuses: Motor Protection Fuses, Overcurrent Protection Fuses, Automotive Fuses
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=8552
Which regions are key players in the growth of the electric fuse market?
Asia-Pacific was the largest region in the electric fuse market share in 2024. North America was the second-largest region in the electric fuse market analysis. The regions covered in the electric fuse market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the electric fuse market?
Major companies operating in the electric fuse market are Schneider Electric SE, Siemens Aktiengesellschaft, Mersen S.A., ABB Ltd., Eaton Corporation PLC, Bel Fuse Inc., Littelfuse Inc., Legrand SA, S&C Electric Company, G&W Electric Company, SCHURTER Holding AG, Hubbell Incorporated, General Electric Company, Mitsubishi Electric Corporation, Emerson Electric Co., Bourns Inc., SIBA GmbH, EFEN GmbH, Hollyland Electronic Technology Co. Ltd., Pacific Engineering Corporation, AEM Components Inc., KYOCERA Corporation, Alstom SA, Maxwell Technologies LLC, OptiFuse, Protectron Electromech Pvt. Ltd., Xiamen SET Electronics Co. Ltd., Larsen & Toubro Limited, Pennsylvania Breaker LLC, Toshiba Corporation, TE Connectivity Ltd.
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/sample.aspx?id=8552&type=smp
What Is Covered In The Electric Fuse Global Market Report?
• Market Size Forecast: Examine the electric fuse market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the electric fuse market for a structured understanding.
• Key Players Overview: Analyze major players in the electric fuse market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the electric fuse market.
• Segment Contributions: Evaluate how different segments drive overall growth in the electric fuse market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the electric fuse market.
• Industry Challenges: Identify potential risks and obstacles affecting the electric fuse market.
• Competitive Landscape: Review strategic developments in the electric fuse market, including expansions, agreements, and new product launches.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Rising Electricity Consumption Propels Electric Fuse Market Growth Driver: A Major Catalyst in the Evolution of the Electric Fuse Market in 2025 here
News-ID: 3887029 • Views: …
More Releases from The Business Research Company
Unlocking Opportunities in the Community Banking Market: 2025-2034 Forecast Repo …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Community Banking Industry Market Size Be by 2025?
In recent times, the community banking sector has witnessed robust growth. The market size, which is projected to be $17.79 billion in 2024, is predicted to climb to $19.39 billion in 2025 with a compound annual growth rate…
2025 Commercial Property Management Market Outlook: Key Indicators Shaping Growt …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Commercial Property Management Industry Market Size Be by 2025?
In recent times, the market size of commercial property management has witnessed substantial expansion. It is projected to escalate from $385.63 billion in 2024 to an impressive $413.80 billion in 2025, accumulating a compound annual growth rate…
Top Trends Transforming the Commercial Grounds Maintenance Market Landscape in 2 …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Commercial Grounds Maintenance Industry Market Size Be by 2025?
The size of the commercial grounds maintenance market has seen a robust growth in the past few years. The market, which was valued at $36.88 billion in 2024, is expected to climb to $39.20 billion in 2025,…
Coatings And Application Technologies For Robotics: Core Growth Enabler in the G …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Coatings And Application Technologies For Robotics Industry Market Size Be by 2025?
In recent times, the market size for coatings and application technologies for robotics has seen a swift expansion. The market anticipates expanding from $20.47 billion in 2024 to $22.71 billion in 2025, with a…
More Releases for Fuse
Electric Fuse Market Company Overview, Development and Forecast by 2028 | ABB, B …
Electric Fuse Market Scenario 2021-2028:
The Most Recent Electric Fuse Market Research study includes some significant activities of the current market size for the worldwide Electric Fuse market. It presents a point-by-point analysis dependent on the exhaustive research of the market elements like market size, development situation, potential opportunities, and operation landscape and trend analysis. This report centers around the Electric Fuse-business status, presents volume and worth, key market, product type,…
What is driving Global electric fuse market? Eminent Player- ABB, Bel Fuse, Eato …
The global electric fuse market is expected to witness significant growth over the forecast period due to its high demand for electronic devices around the world and increasing use of circuit breaker is driving the electric fuse market. An electric fuse is a device, which prevents overload to the electronic circuit connected to electronic devices. These types of fuses are made up of alloys of silver, copper, and tellurium, which…
Oncore IT acquires Fuse Technologies
This acquisition comes nearly three years after Oncore IT was itself acquired by US headquartered managed service and cloud solution provider, Ergos, and enables London based Oncore IT to match the unified communications capability of Ergos in the US.
Oncore IT's expansion includes managing the support of Fuse Technologies' 10,000 users that span a variety of industries, primarily financial services, construction and professional services.
Michael Croft, CEO at Oncore IT, says:
"At Oncore…
ABB Ltd., Little fuse Inc., Bel Fuse Inc., DF Electric, Eaton Corporation, SIBA …
Market Research Reports Search Engine (MRRSE) has recently updated its massive report catalogue by adding a fresh study titled “Global Medium Voltage Fuse Market Industry Outlook and Growth Forecast for the Period 2018 – 2026”. This business intelligence study encapsulates vital details about the market current as well as future status during the mentioned forecast period of 2026.The report also targets important facets such as market drivers, challenges, latest trends,…
Electrical Fuse Wire Market2018 Siemens, General Electric, Eaton, Bel Fuse
Global Electrical Fuse Wire market 2018 by ReportsQuest presents a professional and complete analysis of on the current Industry situation. The Global report includes Electrical Fuse Wire Revenue, market Share, industry volume, Trends, Growth aspects. It analyses the important factors of the based on present industry situations, demands, business strategies utilized by Electrical Fuse Wire market players and the future prospects from various angles in detail. Industry analysis is a…
Global Temperature Fuse Market 2017 Littelfuse, Vishay, Bel Fuse,Bourns, NTE Ele …
Temperature Fuse Market Research Report
A market study based on the " Temperature Fuse Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Temperature Fuse Market 2017’. The research report analyses the historical as well as present performance of the worldwide Temperature Fuse industry, and makes predictions on the future status of Temperature Fuse market on the basis of this analysis.
Ask For Sample…
