Global Wirewound Resistors Market Overview:
A resistor with a wire and an insulating core is known as a wirewound resistor. The wire has a high resistivity and is wound around an insulating core. The resistance is given by a wirewound resistor. A wirewound resistor serves as a current limiter as well as a passive electrical component. The numerous applications of wire wound resistors in different industry verticals to deliver constant performance and prevent product damage are a major factor driving the growth of the wirewound resistor market. In addition, an increase in the output of consumer electronic products such as computers, audio and video devices, and others is a major factor driving the growth of the industry.
Growth Drivers
- Increasing Production of Consumer Electronic Devices such as Computers, and Audio and Video Devices, and Others
- Rising Demand due to High Stability, Accuracy, and Wide Resistance Range
Market Trends
- Increasing Decentralization of Power Supply
Roadblocks
- Fluctuation in the Price of Raw Material
Opportunities
- Increasing Investment into Research and Development
- Rising Applications of Wire-wound Resistors across Different Industry Verticals due to their Specific Features, including Circuit Breakers and Circuit Sensing
Challenges
- Stiff Competition among the Competitor
Competitive Landscape:
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are Vishay (United States), Bourns (United States), Honeywell (United States), Ohmite (United States), KOA Speer (United States), TE Connectivity (Switzerland), Yageo (Taiwan), TT Electronics (United Kingdom), Tepro-Vamistor (United States), HEINE Resistors (Germany) and Ruhstrat (Germany). Analyst at AMA Research see United States Manufacturers to retain maximum share of Global Wirewound Resistors market by 2026.
What Can be Explored with the Wirewound Resistors Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Wirewound Resistors Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Wirewound Resistors
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Wirewound Resistors market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Wirewound Resistors market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of Wirewound Resistors, Suppliers of Wirewound Resistors, Wholesalers, Distributors and Retailers of Electronic Components, End-User Industry, Potential Investors and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.