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Asia Pacific Electric Fuse Market Size

  • Report ID: GMI6651
  • Published Date: Nov 2024
  • Report Format: PDF

Asia Pacific Electric Fuse Market Size

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.
 

Authors: Ankit Gupta, Manish Dhiman

Frequently Asked Questions (FAQ) :

The Asia Pacific electric fuse industry was valued at USD 1.9 billion in 2024 and is projected to grow at a 5.9% CAGR from 2025 to 2034, driven by increasing electricity demand and the need for reliable circuit protection.

The low voltage electric fuse market is expected to exceed USD 3 billion by 2034, fueled by rising industrialization, automation trends, and government initiatives to enhance electrical safety standards.

The China electric fuse market is set to reach over USD 1 billion by 2034, driven by strong industrialization, rapid urbanization, and increasing electricity demand.

Key players in the industry include ABB, Bel Fuse, C&S Electric, Eaton, Fuji Electric, Hiitio, Hubbell, Jasco Electric, Kyocera AVX, Lawson Fuses, Legrand, and Mersen.

Asia Pacific Electric Fuse Market Scope

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Premium Report Details

  • Base Year: 2024
  • Companies covered: 19
  • Tables & Figures: 12
  • Countries covered: 4
  • Pages: 95
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