The Future of Electrical Resistors: Latest Innovations and Market Trends

The global electrical resistor market size is expected to reach USD 8.48 billion by 2030, registering a CAGR of 5.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is driven by several key factors, such as the expanding electronics industry, rising demand for electronic devices, and rapid technological advancements.

The global electric vehicle (EV) market is witnessing demand, and consequently, the EV automotive sector is a major driver, especially with the increasing adoption of EVs and advanced driver-assistance systems (ADAS). These technologies require many resistors for battery management, power conversion, and various inbuilt control systems.

Gather more insights about the market drivers, restrains and growth of the?Electrical Resistor Market

Furthermore, developments of advanced materials and technologies is opening new avenues for resistor performance enhancements. For instance, the transition to renewable energy sources such as solar and wind power is boosting the demand for resistors in energy management systems. Resistors are crucial in controlling and distributing electrical energy

Electrical Resistor Market Report Highlights:

• Based on product type, the power supplies segment dominated the market in 2023 due to their critical role in regulating voltage and current within electronic circuits. These power supplies help manage electrical loads, protect components from overvoltage, and ensure the stable operation of electronic devices.
• Based on application, the distribution channels segment dominated the market in 2023, driven by the extensive need for reliable electrical components in power transmission and distribution networks.
• Based on end use, consumer electronics dominated the market in 2023 due to the pervasive integration of resistors in everyday electronic devices.
• North America dominated the global electrical resistor market, driven by its advanced industrial landscape and technological innovation. Similarly, the ongoing adoption of renewable energy solutions and smart grid technologies contributes to market growth.

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List of Key Players in the Electrical Resistor Market

• Cressall Resistors Ltd.
• Bourns Inc.
• Zonkas Electronic Co. Ltd.
• Murata Manufacturing Co. Ltd.
• TE Connectivity
• Viking Tech Corporation
• YAGEO Group
• Japan Resistor Mfg. Co. Ltd.
• KOA Speer Electronics Inc. (KOA Corporation)
• Vishay Intertechnology Inc

About Grand View Research

Grand View Research is a full-time market research and consulting company registered in San Francisco, California. The company fully offers market reports, both customized and syndicates, based on intense data analysis. It also offers consulting services to business communities and academic institutions and helps them understand the global and business scenario to a significant extent. The company operates across multitude of domains such as Chemicals, Materials, Food and Beverages, Consumer Goods, Healthcare, and Information Technology to offer consulting services.

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