Home > Energy & Power > Electrical Equipment > Electric Fuse > Asia Pacific Electric Fuse Market
Asia Pacific electric fuse market size was valued at USD 1.9 billion in 2024 and is projected to expand at a CAGR of 5.9% from 2025 to 2034. Increasing electricity demand, rising need for reliable circuit protection, rapid industrialization and urbanization have complemented the industry landscape. Growing expansion of industries including automotive and consumer electronics along with the expansion of renewable energy particularly solar and wind projects, further boosts product adoption.
Stringent safety regulations and growing awareness of electrical hazards along with continuous technological innovations, including smart fuses and resettable designs, are augmenting product deployment. For instance, in 2024, the Bureau of Indian Standards (BIS) has implemented new safety measures for electric vehicles (EVs) in India. On June 22, 2024, BIS introduced two standards: IS 18590: 2024 and IS 18606: 2024. These regulations set strict safety requirements for EV powertrains and batteries, aiming to enhance the reliability and security of electric vehicles in the country.
Report Attribute | Details |
---|---|
Base Year: | 2024 |
Asia Pacific Electric Fuse Market Size in 2024: | USD 1.9 Billion |
Forecast Period: | 2025 - 2034 |
Forecast Period 2025 - 2034 CAGR: | 5.9% |
2034 Value Projection: | USD 3.4 Billion |
Historical Data for: | 2021 - 2024 |
No. of Pages: | 95 |
Tables, Charts & Figures: | 12 |
Segments covered: | Voltage, Current Rating, Application, End Use and Country |
Growth Drivers: |
|
Pitfalls & Challenges: |
|