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.
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