Industry Background:
An electrical resistor is a passive electrical device which is used in various applications such as reducing the flow of current, dividing voltage, terminating voltage lines and other similar applications. It has got two types with both varying in their applications. Fixed resistors change little with temperature, time or operating voltage, while variables resistors adjust current elements. Growing use of electrical resistors in smart grids and renewable energy sectors are supplementing the growth.
According to AMA, the market for Electrical Resistor is expected to register a CAGR of 6.6% during the forecast period to 2026. This growth is primarily driven by Growing Demand for Transmission and Distribution (T&D) Networks and Rising Industrial Processes Automation.
Globally, a noticeable market trend is evident Growing Smart Grid Applications in Electrical T&D
. The Electrical Components & Equipment sector in the Asia Pacific region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as Cressall (United Kingdom), KOA (United States), Murata (Japan), TE Connectivity (Switzerland), Vishay (United States), Rohm (Japan), Arcol (United Kingdom) and Ohmite (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Market Drivers
- Growing Demand for Transmission and Distribution (T&D) Networks
- Rising Industrial Processes Automation
Market Trend
- Growing Smart Grid Applications in Electrical T&D
- Increasing Decentralization of Power Supply
Restraints
- Low Tensile and Fatigue Strength of Resistors
Opportunities
Increasing Demand for Manufacturing of Environment Friendly Electrical Solutions and Growing Expansion of Electrical Networks in Emerging Countries
Challenges
Limitation of Power Rating and Voltage Levels in Certain Resistors and Restriction in Use of High Inductance and Capacitance Resistors
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Electrical Resistor Study Sheds Light on
The Electrical Resistor Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Electrical Resistor industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Electrical Resistor industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.