Electrical Fuses Market, Global Outlook and Forecast 2023-2029
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Report Overview: • Global key players of Electric Fuses include Littlefuse, Legrand, Mersen, WalterFuse, etc. Global top one manufacturer holds a market share above 10%. China is the largest consumption market of Electric Fuses, holds a share about 40%, followed by North America, and Europe. In terms of product, the largest type is Low Voltage Fuses for Industrial, Photovoltaic and Electric Vehicles, followed by Electronic Consumer Chip Fuses and Electronic Consumer Plug-In Fuses. And in terms of application, the largest application is Electronic Consumer Goods.
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Market Value: • The global Electrical Fuses market was valued at US$ 3349.2 million in 2022 and is projected to reach US$ 4273 million by 2029, at a CAGR of 3.5% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
CAGR of 3.5% (2022 – 2029)
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By Types: • Low Voltage Fuses (Plug-in Fuses, Cartridge Fuses) • High Voltage Fuse
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By Applications:
Utilities
Industrial
Commercial
Transportation
Residential
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