Pune, India, May 2019 /MRFR Press Release/- Market Research Future Published a Half-Cooked Research Report on Global Electric Fuse Market. The Electric Fuse Market is Expected to Expand at 4.50% CAGR during the period 2019 to 2024.
The electric fuse market size is projected to reach USD 4.26 billion by 2024 from an estimated USD 3.45 billion, at a CAGR of 4.50% from 2019–2024. Electric fuse is a device, which is used to protect load from overcurrent. An electric fuse consists of a metallic filament enclosed either in a ceramic, plastic or glass coating. The filament allows normal flow of current through it but in case of overload, the filament gets heated and breaks to stop the current flow. The various advantages of electric fuses include simple operation, less operation time compared to circuit breaker, no maintenance, and one of the cheapest types of protection in an electrical circuit.
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