According to the research report titled ‘Electric Fuse Market By Voltage, By Current Rating (<500A, 500A-2000A, 2000-4000A, >4000A), By Application (Residential, Commercial, Industrial, Utility) By End-Use (Power Transformers, Electrical Cabling, Electrical Appliances, Electronic Devices, Automotive, Others) Industry Analysis Report, Regional Outlook Application Potential, Competitive Market Share & Forecast, 2019 – 2025’, available with Market Study Report, global electric fuse market is projected to expand considerably between 2019-2025.
 

Regulatory encouragement for adoption of low emission producing vehicles, developments in automotive sector, proliferation of portable telecommunication & computing devices, and demand for miniaturization are key factors boosting global electric fuse market growth. Moreover, growing potential for circuit protection devices owing to extensive usage of digital connectivity solutions will spur the sales of electric fuse.
 

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Speaking of voltage, the industry is fragmented into low voltage, and high voltage. Growing demand for consumer electronics due to rising per capita income, along with efforts for protection of complex battery packs used in portable goods will stimulate low voltage electric fuse demand. Moreover, low voltage electric fuses are reliable in terms of protecting signal circuits and electrical installations against current overload and short circuits.
 

Moving on to high voltage electric fuses, increased efforts to prevent power blackouts, effective electrical distribution, and rising proclivity of utility sector towards money saving power protection equipment will stimulate growth of this segment.
 

Regionally speaking, Asia Pacific held majority of worldwide electric fuse industry share in the past years and is poised to showcase similar trends over 2019-2025, due to expansion of existing grid infrastructure, along with high electricity demand from commercial and residential establishments. Government of countries in this region are taking measures to provide power supply without interruptions and avoid monetary losses incurred due to long power cuts, which will also contribute to electric fuse industry growth.
 

Key players profiled in the global electric fuse market report are ABB Ltd., Larsen & Toubro Limited, Schneider Electric SE, Littelfuse Inc., Mitsubishi Motors Corporation, C&S Electric Ltd., Eaton Corporation plc, Panasonic Corporation, Siemens AG, Bel Fuse Inc., General Electric Company, Hubbell Incorporated, Fujifilm Holdings Corporation, Pacific Engineering Corporation, and AVX Corporation.