CHICAGO, June 1, 2022 /PRNewswire/ According to the new market research report "Switchgear Market by Insulation (Gas-insulated Switchgears, Air-insulated Switchgears), Installation (Indoor
by Type (Power Fuse & Fuse Link, Distribution Cutouts, Cartridge & Plug Fuse,), Voltage (Low, Medium), End-Users (Utilities, Industrial, Residential, Commercial, Transportation), region - Global Forecast to 2026 , published by MarketsandMarkets™, the Electric Fuse Market is projected to reach USD 4.6 billion by 2026 from an estimated USD 3.5 billion in 2021, at a CAGR of 5.8%. This growth can be attributed to the growing investments in the renewable and energy storage, increasing investments in T&D infrastructure plans, and revival of investments in the construction sector.
The medium voltage segment is expected to hold the largest share of the Electric Fuse Market, by voltage, during the forecast period.