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Low Voltage Electric Fuse Market Share

Report ID: GMI5942
Published Date: Jun 2023
Report Format: PDF

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Low Voltage Electric Fuse Market Share

Leading players in the low voltage electric fuse market have implemented strategic initiatives, including forming strategic partnerships and acquiring smaller fuse manufacturers. They are also increasing their investments in research and development activities. These industry giants aim to establish economies of scale, gain a competitive edge, and enhance their market share. Priority is given to ensuring the timely delivery of products to meet customer demands. Major companies operating in the low voltage electric fuse industry include :

Eaton
Fuji Electric FA Components & Systems Co., Ltd.
Hubbell
Optifuse
General Electric
C&S Electric Limited
ABB
Siemens
Schneider Electric
Panasonic Industry Co., Ltd.
Mersen EP
Legrand
Bel Fuse Inc.
KYOCERA AVX Components Corporation.

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of low voltage electric fuse was valued at USD 3.6 billion in 2023 and is projected to be worth over USD 6 billion by 2032 driven by the high demand for electrical safety across wide range of applications.

Low voltage electric fuse market from the below 500A current ratings segment is predicted to witness over 5.5% CAGR from 2023 to 2032 owing to the expansion of residential buildings worldwide.

The Asia Pacific market for low voltage electric fuse is expected to record more than USD 2.5 billion by 2032 attributed to the increasing deployment of consumer electronics.

Some of the major low voltage electric fuse companies include Eaton, Fuji Electric FA Components & Systems Co., Ltd., Hubbell, Optifuse, General Electric, C&S Electric Limited, ABB, Siemens, Schneider Electric, and Panasonic Industry Co., Ltd.