Electrical Resistors Market: Global Industry Analysis and Forecast (2023-2029) by Type, Presence, Applications, and Region

Electrical Resistors Market size was valued at US$ 1.15 Bn. in 2022 and the total revenue is expected to grow at a CAGR of 5.8% through 2022 to 2029, reaching nearly US$ 1.71 Bn.
Electrical Resistors Market Overview:
The Electrical Resistors Market is expected to reach US$ 1.53 Bn. by 2029. Resistors are electrical components used in electronic circuits to control or regulate the passage of electrical current. Resistors can also be used to supply a set voltage to an active device like a transistor. Resistors are utilised in a variety of applications. Limiting electric current, voltage division, heat generation, matching and loading circuits, gain control, and time constant setting are only a few examples. There are nine orders of magnitude of resistance to them, and they are commercially available.To know about the Research Methodology :- Request Free Sample Report
Electrical Resistors Market Dynamics:
The growing popularity of electricity for the new power era, transmission, and distribution, as well as the creation of a framework, are all key factors driving the electrical resistor market growth during the forecast period. Electrical resistors are also becoming more popular as the demand for batteries, energy components, and electromechanical frameworks like generators, alternators, and solar power converters grow. Electrical Resistors Market growth is expected to be hampered by difficult support, low tractability and tiredness strength of electrical resistors, and the non-favorable character of high-power single-stage AC welder to appropriate grid activity. New routes to the electrical resistor market will frequently open as a result of technological breakthroughs and increased R&D operations by state-run administrations to enlarge transmission and distribution networks for power generation from sustainable power assets.

Resistors are used more commonly in the power generating, distribution, and transmission segments. As a result of automation, power generation infrastructure, and modernization, global electricity demand is increasing. As the automation business focuses on creating devices that take up less time in a person's life and can complete time-consuming tasks in minutes. Furthermore, government-led modernization projects in both urban and rural regions are driving up the demand for electrical resistors. As a result, the above factor provides market participants with the potential to develop additional value during the forecast period.
Electrical Resistors Market Segment Analysis:
Based on the Type, the market is segmented into Fixed and Variable. The Variable electrical resistor segment is expected to hold the largest market share of xx% by 2029. A resistor is a device that restricts the flow of electrical current. The resistance of a fixed resistor does not vary. By adjusting the position of a slider, the resistance of this resistor can be altered. Some dimmer switches and volume controls utilize a variable resistor. Using variable resistors in a light dimmer is another example. In most homes, light dimmers can be found. A light dimmer works by adjusting the brightness of the lamps attached to the circuit. The dimmer accomplishes this by regulating the quantity of volts and, more precisely, the wattage delivered to the lamps. As voltage is permitted to enter, bulbs become brighter, and vice versa.

LDR (light-dependent resistors) are used in the automatic street lighting system. A photoresistor is a variable resistance device whose resistance varies depending on the amount of light it receives. The resistance of lamps is adjusted during daylight to switch off the lights. The resistance changes as the sunset, and it is this variation that turns the lights on.

Based on the Applications, the market is segmented into Electric Motor, Driver, and Inverter. The Electric Motor segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2022-2029. The resistor regulates the torque and/or speed of an electric motor, as well as limiting the initial current inrush to a safe amount. Manual or magnetic controls, as well as solid-state controllers, are used to accomplish this.

The current can be raised from zero to maximum via a variable resistor. Motor speed is also controlled with variable resistors. The faster the motor turns, the higher the voltage applied to it.

Resistors are connected in line with the motor armature and field in resistor applications for DC series wound motors to reduce the voltage and current applied to the motor. The motor's starting voltage and current will be reduced by the resistors, decreasing the inrush current (torque).
Electrical Resistors Market Regional Insights:
The Asia Pacific region is expected to dominate the Electrical Resistors Market during the forecast period 2022-2029. The Asia Pacific region is expected to hold the largest market share of xx% by 2029. The Asia Pacific electrical resistor market is gradually rising as outdated equipment and machinery are replaced with more technologically advanced equipment such as transmitters, power cables, circuit breakers, transformers, and other tools to increase the efficiency of the tools and give more safety. China, Japan, and India are the major countries in the Asia Pacific, driving the market in a positive direction. These are the factors that are expected to drive the growth of the Asia Pacific region in the Electrical Resistors Market during the forecast period 2022-2029.

North America and Europe regions are expected to grow rapidly at a CAGR of xx% and xx% during the forecast period 2022-2029. Because of modernity, North America and Europe are concentrating more on creating renovated and automated infrastructure. And it is because of this factor that the electrical resistors market is expected to grow and earn more revenue. North America's largest contributors are the United States, Mexico, and Canada.

The objective of the report is to present a comprehensive analysis of the Global Electrical Resistors Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Global Electrical Resistors Market dynamic, and structure by analyzing the market segments and projecting the Global Electrical Resistors Market size. Clear representation of competitive analysis of key players by Distribution Channel, price, financial position, product portfolio, growth strategies, and regional presence in the Electrical Resistors Market make the report investor’s guide.
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Electrical Resistors Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 1.15 Bn.


Forecast Period 2023 to 2029 CAGR:
5.8%
Market Size in 2029:
US $ 1.71 Bn.


 Segments Covered:
by Type
• Fixed
• Variable


by Presence
• Plastic
• Glass
• Others


by Application
• Electric Motor
• Driver
• Inverter



Electrical Resistors Market, by Region
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)
Electrical Resistors Market Key Players
• AVX Corporation
• Bourns Inc.
• Cosonic Enterprise Corporation
• CTS Corporation
• Elecsound Electronics Co. Ltd.
• Faithful Link Industrial Corporation
• Hokuriku Electric Industry Co. Ltd.
• Jackcon Capacitor Electronics Co. Ltd.
• KOA Corporation
• Koa Speer Electronics Inc.
• Liket Corporation
• Murata Manufacturing Co. Ltd.
• Panasonic Corporation
• ROHM Co. Ltd.
• TT Electronics PLC
• Yageo Corporation
• Zonkas Electronic Co. Ltd.

Frequently Asked Questions:

1. Which region has the largest share in Global Electrical Resistors Market?
Ans: Asia Pacific region held the highest share in 2022.

2. What is the growth rate of Global Electrical Resistors Market?
Ans: The Global Electrical Resistors Market is growing at a CAGR of 5.8% during forecasting period 2023-2029.

3. What is scope of the Global Electrical Resistors Market report?
Ans: Global Electrical Resistors Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Electrical Resistors Market?
Ans: The important key players in the Global Electrical Resistors Market are – AVX Corporation, Bourns Inc., Cosonic Enterprise Corporation, CTS Corporation, Elecsound Electronics Co. Ltd., Faithful Link Industrial Corporation, Hokuriku Electric Industry Co. Ltd., Jackcon Capacitor Electronics Co. Ltd., KOA Corporation, Koa Speer Electronics Inc., Liket Corporation, Murata Manufacturing Co. Ltd., Panasonic Corporation, ROHM Co. Ltd., TT Electronics PLC, Yageo Corporation, and Zonkas Electronic Co. Ltd.

5. What is the study period of this Market?
Ans: The Global Electrical Resistors Market is studied from 2022 to 2029.