"Actionable Insights to Fuel Your Growth"
Power resistors are the equipment used in power generation and distribution, high-voltage applications, control systems, and other power system applications. It allows the fault current to flow to protective relays and limits the value to prevent damage to power generation or distribution equipment. Power resistors are used in material handling and fabrication equipment, elevators, escalators, cranes, power inverters, and industrial drives. In an electric circuit, power resistors endure and distribute a huge amount of power. This power dissipation by a power resistor results in an accelerated increase in temperature, after which the power resistor starts dissipating power through the circuit board and the surrounding atmosphere.
Power resistors are often coupled with heat sinks to facilitate the efficient dissipation of high power. Currently, the market players in the power resistor market are focusing on developing power resistors that dissipate a huge amount of power, while keeping their size as small as possible. The power resistor market is gaining an advantage due to development in the industries; especially the electrical industries where this type of power resistors are used to control and distribute the current efficiently.
Based on the type, the global power resistor market is segmented into nichrome wire resistors, carbon composite resistors, metal film resistors, film resistors, cement resistors, wire wound resistors, and others. Carbon composite resistors are the most common type of resistors used in electrical and electronic circuits. Its appropriate ratio of carbon dust to ceramic determines the overall resistive value of the mixture. Also higher the ratio of carbon, the lower is the overall resistance. Carbon Composites can withstand high energy pulses and are considerably economical as compared to others.
Based on the mounting, the global power resistor market is segmented into the axial lead, tubular, heat sinkable, and surface mount. Surface-mount resistors provide considerable advantages in terms of space-saving and automated manufacture of printed circuit boards. They enable much faster and more reliable construction of electronic printed circuit boards.
Based on the material, the global power resistor market is segmented into carbon film, metal oxide, metal alloy, and others. Carbon film material holds the majority of the share in the market as it is vastly used in the resistor in the electrical industries which are employed in various equipment and electrical gadgets followed by metal oxide.
Based on the application, the global power resistor market is segmented into, neutral grounding resistors, load banks, engine braking, and others. Neutral grounding resistors are one of the common types of resistor applications used in the AC distribution networks. They are a key element in good electrical substation design. The materials used are capable of resisting high temperatures and operating. They are used to limit the fault current for the safety of equipment and personnel in industrial systems.
The key market driver is increasing demand for electricity owing to the rise in population at an exponential rate over the last decade. Other factors include growth in industrialization especially in the electrical industries and manufacturing industries where power/electricity is an integral part of basic requirements.
The key market restraint is limited resistance is available to the resistor to limit a certain amount of current depending upon its power as designed. Other factors restraining the market are it is very difficult to arrange or fix the resistor in a complex connection, with the requirement of good quality of wires to distribute the current.
Key Market Driver -
Increasing demand for electricity along with growing population.
Key Market Restraint -
Limited resistance is available depending upon the size and power.
Some of the major companies in the power resistor market are Ohmite Manufacturing, TE Connectivity, RiedonInc.,Cressall Resistors Ltd., Metallux, AVX Corporation, Bourns, Inc., COUDOINT, Danotherm Electric A/S, MCB Industrie, Michael Koch GmbH, Yageo Corporation, Vishay Intertechnology, Inc.
The global power resistor market is studied across different regions like North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North-America is the leading region in the market due to the growth in the field of the electronic sector and rapid industrialization and is expected to hold the market in the next five years. In the Asia Pacific region, countries like India, Japan, and China are awaited to drive the growth of the power resistor market in the region owing to growing electricity demand with rural electrification and technology development in the electronics industry. Europe is in the process of development of the electrical industries and also the growth in industrialization which will drive the market with the increase in the infrastructure development and therefore growing demand for electrical connections. Latin America and Middle East & Africa region are going through the development stage in the electrical sector with an increase in the awareness of renewable energy and its uses in various sectors along with the development in the different power projects in the countries like UAE and Iran.
To gain extensive insights into the market, Request for Customization
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry