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The electrical resistor market size is expected to reach a value of USD 1.37 billion, at a CAGR of 4.86%, during 2021-2025. This research study helps in a deep understanding of the underlying forces driving the market growth and current and potential target customers across segmentations. According to our comprehensive survey, factors such as rise in demand for electricity are projected to significantly support market growth during the forecast period. Our research experts have thoroughly evaluated and covered the latest trends and challenges that will have a far-reaching effect on the market growth.
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Increasing adoption of 4G/5G networks will facilitate the thick film resistor market growth in APAC over the forecast period.
From this Technavio report, get actionable insights on the electrical resistor market segments to generate successful ROIs and focus your business strategy efforts where they are most likely to be effective. Navigate through market segmentation by product (variable resistor and fixed resistor) and geography (North America, APAC, Europe, South America, and MEA) in this electrical resistor market report to pursue growth opportunities.
Also, our market research experts have evaluated the impact of COVID-19 across market segments for our clients to understand the long-term business implications and foresee opportunities for subsequent recovery. This research report entails a thorough qualitative and quantitative analysis on the post-pandemic electrical resistor market predictions on consumer demand changes for 2021-2025.
Technavio research specialists have included significant well-thought-out business planning approaches of key players in this report. The electrical resistor market is fragmented and the vendors are deploying growth strategies such as focusing on quality and innovation to gain a competitive advantage. The unprecedented outbreak of COVID-19 last year impacted market segments that has had a ripple effect on various stakeholders. To make the most of the opportunities and recover from post COVID-19 impact, the market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Get the full report to understand the COVID-19 impact on the growth of the electrical resistor market share during 2021-2025. The electrical resistor market forecast report comprises complete key vendor profiles. The profiles include information on the production, sustainability, prospects of the leading companies, and other crucial vendor landscape analysis. |
46% of the electrical resistor market growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for electrical resistor market in APAC. This report encompasses exclusive information on potential business locations and understand the demographics of current and prospective customers.
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APAC has been exhibiting a significant growth rate for electrical resistor market vendors. Factors such as a high rate of economic growth and a strong industrial presence are accelerating the electrical resistor market growth in APAC. To view our in-depth analytical review on the micro and macroeconomic factors impacting businesses in the regions click on the image above.
The electrical resistor market share growth in APAC will be faster than the growth of the market in other regions. The geographical segmentation in the report has assessed and included details on the competitive intelligence and regional opportunities in store for vendors.
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The electrical resistor market share growth by the variable resistor segment will be significant during the forecast period. Variable resistors are used in electrical circuits to control the voltage or current within a circuit by adjusting circuit resistance. They are used for various applications in radios, speakers, microphones, TVs, oscillators, smart home control devices, and others. This report provides an accurate prediction of the contribution of all the segments to the growth of the electrical resistor market size.
From the electrical resistor market segmentation insights, players can achieve maximum market response by understanding the target consumers. The analytical data on the segmentations will allow vendors to position their services and products among the right audiences and gain significant exposure and growth. Also, get updated actionable market insights on post COVID-19 impact on each segment.
While it is crucial to have a solid understanding of the drivers and trends, it is also imperative that the market challenges are recognized to improvize business planning and sustain market competition. One of the key factors impeding electrical resistor market growth is the increasing adoption of chip resistors. In this research report, our analysts have elucidated exhaustive all key industry trends, drivers, and challenges, which will help companies evaluate and develop growth strategies.
The primary factor driving the growth of the global electrical resistor market is the increase in the demand for electricity, which is driving new power generation, transmission, distribution, and infrastructure development. Furthermore, the growing demand for batteries, fuel cells, and electromechanical systems like generators, alternators, and solar power converters is also contributing to the demand for electrical resistors. The revenue in the global electrical resistor market is also driven by an increase in demand for braking and control resistors for traction applications in electric locomotives due to the expansion of rail networks to meet the needs of travelers and commuters. |
This electrical resistor market analysis report provides detailed information on key trends, drivers, and challenges that is the essence of business planning and strengthening marketing strategies across regions and segmentations.
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Electrical Resistor Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.86% |
Market growth 2021-2025 |
$ 1.37 billion |
Market structure |
Fragmented |
YoY growth (%) |
2.73 |
Regional analysis |
North America, APAC, Europe, South America, and MEA |
Performing market contribution |
APAC at 46% |
Key consumer countries |
US, China, Japan, Germany, and India |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
ABB Ltd., Cressall Resistors Ltd., Eaton Corporation Plc, General Electric Co., Murata Manufacturing Co. Ltd., Panasonic Corp., Schneider Electric SE, TE Connectivity Ltd., Vishay Intertechnology Inc., and Yageo Corp. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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