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Electric Fuse Market Revenue to Hit $4.3 Billion by 2023; at a CAGR of 4.24%.

"The global electric fuse market is projected to reach a size of USD 4.3 billion by 2023, at a CAGR of 4.24%, from an estimated USD 3.5 billion in 2018. This growth can be attributed to growing investments in renewable and energy storage, increasing investments in T&D infrastructure plans, and revival of investments in construction sector. "

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Electric Fuse Market Revenue to Hit $4.3 Billion by 2023; at a CAGR of 4.24%.

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  1. Electric Fuse Market by Type (Power Fuse & Fuse Link, Distribution Cutouts, Cartridge & Plug Fuse), Voltage (Low, Medium), End-Users (Utilities, Industrial, Residential, Commercial, Transportation), and Region – Global Forecast to 2023 www.MarketsandMarkets.com

  2. The medium voltage segment is expected to hold the largest share of the electric fuse market, by voltage, during the forecast period. The medium voltage segment is estimated to dominate the electric fuse market in 2018 and is projected to have the largest market share during the forecast period. The medium voltage range for fuses is defined as fuses with the capacity to open circuit at voltage range above 1 kV to 38 kV. The high demand for medium voltage fuse is due to the continuous construction of transmission and distribution network along with high replaceability of fuses. The major end uses of medium voltage fuses are for electric utilities, transformers & substations, distribution networks, and heavy industries such as oil & gas industry. The medium voltage fuses are mostly the power fuses used for current limiting function, motor circuit protection, and for back up for protection from default current. PDF Brochure : https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=242416568

  3. The transportation segment is expected to be the second fastest growing segment of the electric fuse market, by end-use, during the forecast period. The transportation segment accounted for the second highest CAGR during the forecast period. The demand for electric fuses is driven by the high growth and developments in the global railway industry. Furthermore, the fast commercialization of electric trains and metros from the developing nations is driving the demand for electric fuses from tractions. Furthermore, the concepts of high speed trains, freight wagons, bullet trains will create opportunities for electric fuses in the near future. Request for Customization : https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=35385419

  4. Browse >> 117 market data tables 37 figures 143 pagesand in-depth TOC on “Electric Fuse Market - Global Forecast to 2023” Early buyers will receive 10% customization on this report. This is a Premium Report Priced at US $5650 for single user. Corporate User : US$8150 This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.

  5. Asia Pacific: The largest market for electric fuse. In this report, the electric fuse market has been analyzed with respect to 5 regions, namely, North America, South America, Europe, Asia Pacific, and the Middle East & Africa. Asia Pacific is estimated to dominate the global electric fuse market in 2018 owing to the development and growth of countries such as China, Japan, Australia and India, where there is huge requirement for power and infrastructural development due to growing population and urbanization. The transportation infrastructure in the region is at its verge of getting electrified. This also creates opportunities for electric fuses in the Asia Pacific railway and traction segment. Furthermore, the region is the largest consumer of solar energy, and countries such as India and China are driving the renewable energy market. For instance, India has set goals of generating 175 GW of electricity through renewables by 2022. Such factors are likely to drive the Asia Pacific electric fuse market. Request Sample @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=35385419

  6. Key players - • Schneider Electric (France), • Siemens (Germany), • Mersen (France), • ABB (Switzerland), • Eaton (Ireland), • Bel Fuse Inc. (US), • Littelfuse (US), • Legrand (France), • S&C Electric Company (US), • Hubbell (US) • Buy Now : - • https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=35385419

  7. Contact:Mr. Shelly SinghMarketsandMarkets™ INC.630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 Email: sales@marketsandmarkets.com

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