#Automotive #Fuse #Market #Size #Expected #Reach
Chicago, Oct. 25, 2022 (GLOBE NEWSWIRE) — Automotive Fuse Market is projected to grow at a CAGR of 2.0% from 2022 to 2027, to reach USD 28.4 billion by 2027 from USD 25.7 billion in 2022, according to a new report published by MarketsandMarkets.
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“>100A Automotive Fuse Market estimated to be the fastest growing market among the ampere segment”
The >100 A fuses are used in battery-related circuits and high-power traction-related circuits. The application of >100 A fuses is higher in battery-related circuits electric vehicle batteries carry high currents. Semiconductor fuses are starting to replace blade fuses in high-current applications since they act very fast in current fluctuations and can handle multiple circuits using a single fuse. >100 A automotive fuses are used to offer protection for high amperage vehicle circuits.
“151-300V fuse market to grow at the fastest pace in the Automotive Fuse Market by voltage”
In this voltage segment, most HEVs and some PHEVs with a voltage architecture range of 150–300 V have been considered. The characteristics of fuses depend on the voltage architecture of the vehicle. The 151–300 V architecture uses more battery fuses than 48–150 V architecture. Some of the vehicles with 150–300V architecture are the Kia Niro Hybrid, Toyota RAV4, BMW 2 Series, and Toyota Prius PHEV. High voltage cables in electric vehicles move power to and from the battery and various systems throughout the electric vehicle. The high voltage architecture of electric vehicle connects the charging port and the battery, battery inter wiring, the battery, and the engine and other electrical components to carry the electric current power which will drive the market for automotive fuse. Hence, the market for…
Read on GNW: Automotive Fuse Market Size is Expected to Reach $28.4
