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Summary of our market study
The global market for fuses, which includes devices such as general-purpose fuses (gG), motor-accompanying fuses (aM) and ultra-rapid fuses, is worth around $5 billion.
Market growth is driven by urbanization, the proliferation of electronic devices, advances in vehicle electrification and investment in renewable energies. The Asia-Pacific region, particularly China and India, offers strong growth potential.
The market for low-voltage fuses will see the strongest growth over the 2022-2027 period, driven by residential and automotive applications.
In France, the electrical distribution and control equipment production sector is worth around 9.5 billion euros. Three French companies - Schneider Electric, Legrand and Mersen - stand out in this market.
dynamics of the French fuse market
The increase in the number of household electronic appliances is one of the main factors driving this rise in demand.
Residential sectors are the main consumers of electrical fuses, followed by commercial and industrial divisions.
With the average home housing between 70 and 120 electronic devices, demand for fuses is naturally accelerating.
The automotive industry is also emerging as a key player in the burgeoning fuse market. With the growing propensity for electric vehicles, the need for automotive fuses continues to grow. The number of semiconductors per vehicle is expected to increase by around 35% over a six-year period.
The advent of silicon carbide-based automotive fuses promises revolutionary improvements in safety and functionality.
The development of electronic communications, the widespread use of fiber optics for Internet access, the proliferation of mobile equipment and the switch to renewable energies are creating new opportunities for the fuse and circuit-breaker market.
Fuse market players
- Siemens
- Schneider Electric
- Legrand
- ABB
- Eaton
- Emerson
- Mersens.
Gewiss - Jean Müller
- Wöhner
Rexel and Sonepar: two global distributors of electrical components
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Summary and extracts
1 Market overview
1.1 Market overview and definition
In electricity and electronics, a fuse is a safety device thatopens an additional electrical circuit when the electric current in the fuse reaches a dangerous level over a period of time, thus reducing the current to zero.lectric current in the fuse reaches a dangerous value over a period of time, thus reducing the current to zero. The function of a fuse is therefore to protect an electrical circuit from short-circuits and overcurrents generated by a fault in the load supplied.
Fuses are used and operated in three main ways (IEC 60269 standard):
- The general-purpose fuse (gG), which is the most common type used in domestic installations to protect against overloads and short circuits;
- The motor-accompanying fuse (aM) used for short-circuit protection only, often in motors and transformers;
- The ultra-fast fuse, used to protect semiconductors.
Global demand for fuses is set to increase over the next few years, driven by the automotive industry and the rise in construction worldwide. As a result, the global fuse market is set to flourish due to the growing need to upgrade increasingly efficient grids, as well as increasing concerns over renewable energy connectivity. According toAllied Market Research, the global market is expected to grow at a CAGR of 7.7% over the period 2022-2031.
The fuse market is dominated by well-established industrial groups such as Siemens, Schneider Electric, ABB, BEL Fuse, Eaton and Fuji Electric, leaving little room for new entrants.
List of charts presented in this market study
- Projected fuse market size
- Sales trends in the production of electrical distribution and control equipment
- The top seven fuse export zones
- Export and import values and coverage rates
- The seven main fuse importers
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Latest news
Schneider Electric has had the best year in its history - 16/02/2024
- Net profit: 4 billion euros.
- Sales: 36 billion euros.
- Revenue growth: 13%.
- Order book for 2024: over 19 billion euros.
- Market share in electrical infrastructure for data centers: 21% in 2023.
- Hiring planned as part of this R&D investment: 6,000 people.
- Sales in the United States: over €10 billion.
- Schneider market capitalization: over 100 billion euros.
Schneider Electric returns to the exclusive club of companies worth over 100 billion euros - 12/12/2023
- Schneider Electric has a market capitalization of over 100 billion euros.
- Schneider Electric forecasts annual sales growth of 7% to 10% between 2023 and 2027.
Legrand, the French electrical equipment specialist in Italy - 09/12/2023
- Legrand employs 38,000 people and achieved sales of 8.3 billion euros in 2022.
- Legrand has 120 factories worldwide, 10 of which are in Italy.
- Italy is Legrand's third largest market worldwide, accounting for 9% of sales.
- The United States (35%) and France (15%) are the Group's first and second markets respectively.
- Legrand's Italian subsidiary generates sales of 1 billion euros, 30% of which is generated internationally.
- Residential segments account for only 40% of Legrand's worldwide sales, of which 12% come from the new residential market.
- Data centers account for 15% of the Group's business.
- Sales of Legrand's data center division are estimated at 1.2 billion euros, compared with 200 million euros six years ago.
- Legrand has made a fourth acquisition in 2023, that of ZPE Systems.
Legrand puts its Italian subsidiary Btcino under stress - 06/11/2023
- Bticino was founded in 1936, making the company almost a century old.
- Bticino became part of the French Legrand Group in 1989.
- Bticino accounted for a third of Legrand's sales at the time of its acquisition.
- Legrand generates 750 million euros, or 9% of its total sales in Italy.
- The United States accounts for 35% of Legrand sales, while France represents 15%.
- 30% of Legrand's products manufactured in Italy are exported, mainly to Europe.
- Connected products and energy efficiency account for 22% of Legrand's sales.
- Legrand has 10 factories in Italy.
- Italy and France together account for 25% of Legrand's industrial footprint worldwide.
- 12% of Legrand's sales are linked to new housing, which is less than the 15% linked to data centers.
- Data centers and energy efficiency account for 37% of Legrand's global activity.
- Over the last five years, Legrand has invested €2 billion and carried out some twenty external growth operations.
Consulting, Schneider's new driving force - 28/07/2023
- Schneider Electric aims to grow its consulting business to sales in excess of one billion euros
Schneider Electric relocates part of its profiling business to the Bas-Rhin region of France - 21/07/2023
- Launch of new electrical cabinet range: October 1st
- Annual production capacity: 80,000 cabinets
- Some thirty Schneider Electric plants worldwide
- Schneider Electric sales in 2022: 34.2 billion euros
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