A fuse is an electric safety device which protects an electric circuit from excessive electric current. Electric fuses have a long history. They have widely been used for both high voltage and low voltage power systems. The pre-arc I-t (current vs. time) is an important parameter of electric fuse. Traditionally, the electrical fuse is designed by experiment and the I-t characteristics are then obtained through experiments.
The fuse is an intentional weak link in a circuit. It is a thermally responsible device which is designed to provide overcurrent protection. The fuse is used to protect equipment’s and conductors from over damaging and can quickly deenergize faulted circuits which helps to minimize the hazards to personnel. Fuses are of many types like fast-acting, time delay or current limiting and non-current limiting. Fast acting fuses are designed to respond quickly to overload currents, whereas time delay fuses carry an overload current for a predetermined amount of time. Fast acting fuses are designed to respond to overload currents whereas time delay fuses can carry an overload current for a predetermined amount of time. Time delay currents can carry starting current and other temporary overloads in this way. Current limiting fuses limit the maximum peak current (Ip) that could flow during a short circuit. Whether the fuse is classified as fast-acting or time-delay, current-limiting fuses will open quickly during short-circuit conditions.
Based on fuse type, the electric fuse market is segmented into Power Fuse & Fuse Link, Distribution Cutout, and Cartridge & Plug Fuse. Amongst fuse type, the power fuses and fuse links segment of the market was valued at US$ XX million in 2020 and is likely to reach US$ XX million by 2027 growing at a CAGR of XX% from 2021-2027.
Based on Voltage Range, the electric fuse market is segmented into Low, Medium, and High. Amongst voltage range, medium segment accounted for a market valuation of US$ XX million in 2020 and is expected to reach US$ XX million by the year 2027, at a CAGR of XX% over the analysed period.
Based on application, the electric fuse market is segmented into Utilities, Industrial, Residential, Commercial, and Transportation. The utilities segment generated revenue of US$ XX million in 2020 and is expected to grow at a CAGR of XX% during the forecast period to reach a market valuation of US$ XX million by 2027F.
For a better understanding of the market adoption of Electric Fuse Industry, the market is analysed based on its worldwide presence in the countries such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Asia-Pacific will dominate the Electric Fuse market on account of increasing industrialization all over the world.
Some of the major players operating in the market include Littelfuse, Inc., ABB Ltd., Mersen S.A., Schneider Electric SE, Bel Fuse Inc., Bourns Inc., SCHURTER AG, Eaton Corporation Plc, Siemens AG, and SIBA GmbH. Several M&As along with partnerships have been undertaken by these players to boost their presence in different regions.
Electric Fuse Market was valued at US$ XX million in 2020 and is projected to expand significantly with a CAGR of XX% from 2021-2027F to US$ XX million in 2027. The Electric Fuse Market is expected to witness a boost on account of its high adoption in the Asia Pacific region.