Global Wirewound Resistor Market, By Type (Precision Wirewound, Power Wirewound, And Potentiometer), Application (IT and Telecommunication, Electronic Equipment, Medical Electronic Equipment, Defense and Space, Current and Voltage Balancing, Current Sensing, and Others), and Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Wirewound Resistor Market
The wirewound resistors market is expected to witness market growth at a rate of 5.70% in the forecast period of 2021 to 2028 and is estimated to reach USD 9.2 billion by 2028. Data Bridge Market Research report on wirewound resistors market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the advantages of utilizing the wirewound resistors, like high stability, accuracy, and wide resistance range accessible with them is escalating the growth of wirewound resistors market.
A wirewound resistor can be referred to as a resistor with the mixture of an insulating core and a wire. The wire is wrapped around an insulating core, and the wire has elevated resistivity. A wirewound resistor is utilized for offering resistance. A wirewound resistor is utilized for controlling the current and it is also utilized as a passive electrical component. Wirewound resistors are utilized by different industry verticals for several applications.
Major factors that are expected to boost the growth of the wirewound resistors market in the forecast period are the rise in the manufacturing of the consumer electronic devices like computers, and audio and video devices, and others. Furthermore, increasing of the wirewound resistors across different industry verticals because of their specific features, involving the circuit breakers and circuit sensing is further anticipated to propel the growth of the wirewound resistors market. On the other hand, the acceptance of alternate technologies like the chip resistors is further projected to negatively impact the growth of the wirewound resistors market in the timeline period.
In addition, the rise in the production of wirewound resistors because of the low technology barriers and large quantity of raw materials will further provide potential opportunities for the growth of the wirewound resistors market in the coming years. However, the macroeconomic conditions like the economic slowdown and global recession might further challenge the growth of the wirewound resistors market in the near future.
This wirewound resistors market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on wirewound resistors market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Wirewound Resistor Market Scope and Market Size
The wirewound resistors market is segmented on the basis of type and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the wirewound resistors market is segmented into precision wirewound resistors, power wirewound resistors, and potentiometer wirewound resistors.
- On the basis of application, the wirewound resistors market is segmented into IT and telecommunication, electronic equipment, medical electronic equipment, defense and space, current and voltage balancing, current sensing, and others.
Wirewound Resistor Market Country Level Analysis
The wirewound resistors market is analysed and market size, volume information is provided by country, type and application as referenced above.
The countries covered in the wirewound resistors market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the wirewound resistors market due to the rise in the need for wirewound resistors in the IT and telecommunication industry for enhancing the precision and current sensing of devices. Furthermore, the increasing in the demand for higher production capacities is further anticipated to propel the growth of the wirewound resistors market in the region during the forecast period. Asia-Pacific is projected to observe significant amount of growth in the wirewound resistors market due to the accessibility of cheap labor. Moreover, the occurrence of several electronic goods manufacturing companies is anticipated to propel the growth of the wirewound resistors market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Wirewound Resistor Market Share Analysis
The wirewound resistors market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to wirewound resistors market.
The major players covered in the wirewound resistors market report are 1-Source Electronic Components., ADI American Distributors Inc., Cougar Electronics Corp., Jameco, KRL Bantry Components, Mod-Tronic.com, Novotechnik U.S. Inc., Ohmite Mfg Co, Taiwan Semiconductor., Voltronics, Inc., MEGATRON Elektronik GmbH & Co. KG, Aeroflex Industries Limited., Vishay Intertechnology, Barry Industries, Inc., Krah Group, Michael Koch GmbH, TE Connectivity, AVX Corporation, Post Glover Resistors Inc., Micro-Ohm Corporation, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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