The Global Power Resistors Market size is projected to grow from USD 3.41 billion in 2017 to USD X.XX billion by 2028 at a CAGR of 7%. The factors that are driving the growth of this market include an increase in demand for power resistors from the automotive, industrial, and aerospace sectors owing to rising production rates of automobiles and aircraft worldwide, as well as increasing adoption of electric vehicles which require more number of power resistors.
Power resistors are used to dissipate heat from power electronics or electronic components. A power resistor is a resistance device that can handle high levels of energy without breaking down, unlike regular resistors which convert the electric current into another form of energy such as heat. Power resistors are electromechanical devices that provide precise resistance to the electrical current in an electric circuit. Power resistors dissipate energy as heat when they carry direct current (DC). The power resistor operates at a constant temperature by maintaining the balance between its input and output, which is determined by how much it's connected in series with the AC voltage source.
Power resistors are the important components required to dissipate extra energy in electronic circuits, which is critical for their proper functioning. As they allow little power dissipation, so high wattage can be achieved by joining them together with low ohmic value aluminum wire or tape-wound resistor construction. Power resistors have stable resistance over a wide range of environmental conditions, so they are widely used in high-temperature or hazardous environments.
On the basis of Type, the global power resistors market is segmented into Chassis Mounted, Surface Mounted and Through-Hole Mounted.
Chassis Mounted type of power resistors is the most popular among all types. The increasing demand for electronic products worldwide has supported this market growth over recent years. Chassis mountable power resistors are used in many applications, such as automotive and industrial sectors. These resistors have high resistance to temperature fluctuations with the help of metal enclosures which protects them from current overloads.
Surface Mounted type of power resistors is the most commonly used in electronic products. There are different types that have been introduced to meet their requirements for different applications. For example, there are metal oxide varistors that can be used for surge protection, or silicon dioxide resistor chips can be connected into a voltage divider circuit with an amplifier input. Surface Mounted power resistors are placed on the metal surface of printed circuit boards. Surface Mounted Power Resistors are available in different sizes and models. They have small sizes which makes them easy to mount on PCBs or chassis, thereby making space management easier. Surface Mounted type of power resistors provide benefits such as: High accuracy and reliability, Long life span.
A Through-Hole Mounted type of power resistor is a device that dissipates electrical energy as heat. These types of resistors are designed for PCBs and have terminals on the bottom or through holes in the board which allow them to be easily inserted into place using screws, bolts, or other fasteners. The examples include surface mount size, cylindrical, through-hole axial leaded, and two terminals. The Through-Hole Mounted type of power resistor are protecting components from excessive heat by dissipating it, which is a feature that helps to prolong the life span.
On the basis of Application, the global power resistors market is segmented into Automotive, Industrial, and Aerospace.
On the basis of Region, the global power resistors market is segmented into North America, Europe, Asia Pacific, and Latin America. The Asia Pacific is anticipated to be the fastest-growing market in terms of revenue, followed by North America. The power resistors market in North America is expected to witness steady growth over the forecast period. The region has witnessed rapid economic development and growing automobile production, which are creating huge demands for power supply equipment used across various application areas such as industrial, automotive & transportation, aerospace & defense, consumer electronics, etc. The European power resistors market is expected to witness moderate growth during the forecast period. The major factor driving the demand for power resistors in Europe is due to its increasing usage of turbine engines, which are driven by electric generators and used as peaking units or standby generation sources. The Latin American power resistor market is anticipated to grow at a CAGR of around 13.06% during the forecast period, 2018-2028.
The global power resistors market is expected to witness high growth in the coming years. The growing demand for smart electronics and an increasing number of applications such as industrial, automotive, aerospace & defense, and consumer appliances are fueling the demand for electronic equipment which further contributes towards driving the power resistor market. Furthermore, technological advancements in the field of microelectronics and new product developments are some of the prominent factors which have a major contribution towards increasing the demand for power resistors.
Up Market Research published a new report titled “Power Resistors Market research report which is segmented by Types (Chassis Mounted, Surface Mounted, Through-Hole Mounted), By Applications (Automotive, Industrial, Aerospace, Others), By Players/Companies Ohmite, Panasonic, TE Connectivity, Mint Former Industrial Ltd, Riedon, Cressall, Metallux AG, AVX Corporation, BOURNS, Caddock Electronics, COUDOINT S.A.S., Danotherm Electric AS, Frizlen GmbH & Co. KG, Krah Group, MCB Industrie, Michael Koch GmbH, RCD Components, Stackpole Electronics, Yageo”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Power Resistors Market Research Report |
By Type | Chassis Mounted, Surface Mounted, Through-Hole Mounted |
By Application | Automotive, Industrial, Aerospace, Others |
By Companies | Ohmite, Panasonic, TE Connectivity, Mint Former Industrial Ltd, Riedon, Cressall, Metallux AG, AVX Corporation, BOURNS, Caddock Electronics, COUDOINT S.A.S., Danotherm Electric AS, Frizlen GmbH & Co. KG, Krah Group, MCB Industrie, Michael Koch GmbH, RCD Components, Stackpole Electronics, Yageo |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 212 |
Number of Tables & Figures | 149 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Chassis Mounted, Surface Mounted, Through-Hole Mounted and By Application Automotive, Industrial, Aerospace, Others.
Some of the companies that are profiled in this report are:
Power Resistors Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Power Resistors Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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