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Industrial Electric Fuse Market Trends

Report ID: GMI7448
Published Date: Dec 2024
Report Format: PDF

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Industrial Electric Fuse Market Trends

The industrial electric fuse industry is set to grow owing to rising demand for protection devices for compact and space-constrained applications, increased focus on safety, and growing renewable energy integration. shifting focus on protection of electrical and electronics equipment across industrial processes along with adoption of favorable initiatives to enhance grid infrastructure will positively influence the business dynamics. For instance, in November 2024, the U.S. Department of Energy has announced nearly USD 2 billion to 38 projects under the Grid Resilience and Innovation Partnerships program. The projects will implement new infrastructure and technology, enhance power grid against extreme weather, enabling 7.5 GW of additional grid capacity, faster energy project connections. Additionally, growing demand for arc-flash-resistant fuses, reflecting an emphasis on worker safety in industrial environments will accelerate product deployment.

Authors: Ankit Gupta, Manish Dhiman

Frequently Asked Questions (FAQ) :

The global market size for industrial electric fuse was valued at USD 1.2 billion in 2024 and is expected to reach USD 2.1 billion by 2034, driven by a CAGR of 5.4% from 2025 to 2034.

The industrial electric fuse industry from low voltage segment is anticipated to grow to over USD 1.4 billion by 2034, driven by the increasing pace of industrialization and stringent safety standards.

The U.S. market is set to grow to over USD 250 million by 2034, driven by rapid industrialization and digitalization initiatives.

Major players in the industry include ABB, Bel Fuse, Carling Technologies, C&S Electric, Denco Fuses, DF Electric, Eaton, Fuji Electric, Hager Group, Legrand, Littelfuse, Mersen, and Optifuse.