Dublin, Dec. 27, 2022 (GLOBE NEWSWIRE) — The “Global Automotive Fuse Market – Growth, Trends, COVID-19 Impact, And Forecasts (2022 – 2027)” report has been added to ResearchAndMarkets.com’s offering.
The automotive fuse market is expected to register a CAGR of over 6.32% during the forecast period 2022-2027.
Automotive fuses are used in vehicles to protect the wiring and electrical equipment. Usually, they are rated at 32 volts DC, although they can also be rated at 42 volts.
The market is expected to expand in the near future due to a number of factors, including increased vehicle production, elevated electrification, and the rising importance of safety and comfort features in passenger vehicles, all of which will lead to an increase in the number of fuses installed per vehicle and increased sales of electric and hybrid vehicles.
Fuse units are the most frequently used and demanded of all the electrical components in a car. The surge in demand for vehicles with advanced technical features can be attributed to this. Automobile manufacturers are ramping up the production…
