PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1486478
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1486478
US EFuse Market is valued approximately USD 82.232 million in 2023 and is anticipated to grow with a healthy growth rate of more than 4.09% over the forecast period 2024-2032. eFuse, is a semiconductor device used to protect electronic circuits from overcurrent or overvoltage conditions. These fuses are often integrated into integrated circuits (ICs) or microcontrollers to provide built-in protection for sensitive components. Furthermore, rising focus on industrial automation are gaining attention towards US EFuse Market. eFuses are integral components in industrial automation systems and IoT devices, providing protection for sensors, actuators, controllers, and communication interfaces.
The US EFuse Market is driven by rising demand of electric vehicles and rising demand of smart devices across the region. Electric vehicles rely on advanced power electronics and battery management systems, which require robust protection against electrical faults. eFuses are essential components in EVs, providing protection for high-voltage circuits, battery packs, and charging infrastructure. In addition, eFuses offer a space-efficient and integrated solution for protecting electronic circuits in smart devices, enabling manufacturers to meet the demand for smaller and more feature-rich products while maintaining reliability and safety. However, high cost of eFuse and complexity of integration is going to impede the overall demand for the market during the forecast period 2024-2032.