Shunt Resistor Market, By type (Below 100A, 100 to 400A, 400 to 750A, and 750 to 1000A), By Application (Automotive, Ammeter, Communication, Consumer Electronics, and Others), and Regional Forecast to 2033

SHUNT RESISTOR MARKET OVERVIEW

The global Shunt Resistor Market size was USD 1181.21 million in 2024 and is projected to touch USD 1601.72 million by 2033, exhibiting a CAGR of 3% during the forecast period.

An electrical part that gauges the amount of current flowing through a circuit is called a shunt resistor. Another name for it is a current shunt resistor or an ammeter shunt resistor. This factor has augmented the Shunt Resistor Market growth.

Prosperity has been observed for this particular product market with amusing numbers. The anticipated rate of growth for this particular product service is due to quality level of assurance. Major developments in electrical and electronic components used in automobiles are the result of automotive manufacturers' constant efforts to improve performance while lowering cost and mass. The accuracy and dependability of many circuits still depend on their analog components, even with the rise of digital technology. It is therefore expected that this will drive market expansion during the projection period.  A lot of growth has been observed in the recent times because of this particular factor that contributed and aslo acted as a catalyst to the overall development of the product market.

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GLOBAL CRISES SHUNT RESISTOR MARKET

COVID-19 IMPACT

"Market Growth Obstructed by Pandemic due to Lockdown"

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

This has affected the overall supply and demand chains of the particular market. As a result of the government's lockdown and other steps to stop the coronavirus from spreading, all supply activities were postponed, which decreased the amount of product related to services. Therefore, a small influence from COVID-19 is anticipated on the Shunt Resistor Market share.

LATEST TREND

"Automobile Industries to Drive Market Growth"

This specific trend has influenced the market growth so much so that the revenue and share numbers of this particular product is touching the skies and soaring over. The latest trend has been profiting this particular trend for a really long time now. Growing functionality in the automobile industry is leading to more motors and ECUs, but there is also a limited amount of mounting space for applications. Compact power shunt resistors are among the components that are in great demand as a result of the increase in high-density installation. Furthermore, designers are finding new and creative solutions to address market difficulties thanks to the use of high-performance bus bar shunt resistors in electric vehicles. In the market, the growing need for resistors has been complemented by the rise in EV demand. This particular trend has been recorded to be the most profiting trends that have been upgraded to augment the overall market growth. A lot of specifications have been made to this particular product which has benefited the market growth. A latest trend has been witnessed to proliferate the market growth.

SHUNT RESISTOR MARKET SEGMENTATION

By Type

Based on Type, the global market can be categorized into Below 100A, 100 to 400A, 400 to 750A, and 750 to 1000A.

• Below 100A: It is nothing but a type of shunt resistor which works with the power of 100A and below. This resistor’s working changes with respect to its power.

• 100 to 400A: High currents can be measured with a shunt resistor, which is used in ammeters and has a rating of 100 to 400A. Other names for it include current shunt resistor and ammeter shunt resistor.

• 400 to 750A: Shunt resistors that measure electrical currents between 400 and 750 amps are known as 400 to 750A resistors. Other names for shunt resistors are current shunt resistors and ammeter shunts.

• 750 to 1000A: To measure DC currents between 750 and 1000 amps, a shunt resistor 750 to 1000A is a type of current shunt resistor. Another name for shunt resistors is ammeter shunts.

By Application

Based on application, the global market can be categorized into Automotive, Ammeter, Communication, Consumer Electronics, and Others.

• Automotive: The manufacturing, marketing, and distribution of automobiles are all part of the automotive business. It also covers automobile repair and wholesale.

• Ammeter: A device called an ammeter is used to measure the current flowing through a circuit. Amperes are used to measure electric currents, hence the name. The circuit in which the current is to be measured is connected in series with the ammeter for direct measurement. This segment is considered to be a leading segment as all the resistors are connected only after checking the working and quality after which they are set into their respective circuits.

• Communication: The process of sharing thoughts and information between a sender and a recipient is called communication. It is a reciprocal process that entails both expression and comprehension.

• Consumer Electronics: Devices like televisions, game consoles, cell phones, digital cameras and camcorders, fax machines, fax machines, and home appliances like washing machines and dishwashers are examples of consumer electronics. These devices are usually used for leisure or in homes.

MARKET DYNAMICS

Market dynamics include driving and restraining factors, opportunities and challenges stating the market conditions.                              

Driving Factors

"EV Batteries To Boost the Market"

This is the major factor attributing the growth of this particular  market and has resulted in the hike of revenue numbers so much so that they are touching the skies. Clients benefit from it.  This particular product market has touched new levels of lucrative revenue numbers and has also recorded to be the boon for this particular product market growth. Growing popularity of hybrid and electric vehicles is one of the main drivers of the shunt resistor industry. Accurate current sensing is increasingly needed to control battery systems and other electrical components as these cars gain popularity. EV batteries are in high demand because shunt resistors are essential to their lifetime and efficiency. Further driving market expansion will be the drive for more ecologically friendly transportation options, which will continue to encourage improvements in shunt resistor technology. This particular growth factor has also been creating opportunity for success of this market product market path. These factors are anticipated to drive the market growth in the present times and also during the forecast period. Over the course of the forecast period, the country's growing automotive, construction, and packaging industries are anticipated to boost the market.

"Automated Systems to Expand the Market"

This is the second major factor attributing the growth of this particular market. This factor is majorly involved in taking the revenue numbers above the skies and soaring greater heights and also the sales and demands have been proliferation and increased its value to greater extent. The market is expanding at a medium rate and is currently in a growth stage. This particular factor has been proved to be a boon for this particular product market. These factors are anticipated to drive the market growth during the forecast period. The market expansion for shunt resistors is also being fueled by the increase in industrial automation. Smart and automated systems are being adopted by industries more and more in an effort to decrease human error and improve operational efficiency. In industrial applications, shunt resistors are essential because these systems mainly depend on accurate current measurement for process monitoring and control. The demand for shunt resistors in the industrial sector is anticipated to be significantly stimulated throughout the projected period by the Industrial Internet of Things (IIoT) and smart manufacturing trends.

Restraining Factor

High Cost of Raw Materials to Impede Market Growth

These particular solutions have been very helpful yet extremely costly as well. This particular restraining factor has caused the revenue numbers to impede with extremely low yields and declining the sales and demand for this market. The market's growth will be constrained by a lack of technological know-how. High development costs have the potential to impede innovation and restrict the number of new medications that can reach the market. This particular factor is anticipated to restrain the market growth and drastically reduce the sales and demands of this particular product market.

Opportunity

"Technological Advancements To Create Opportunity for the Product in the Market"

This particular opportunity has been attributing the market growth immensely. Another important factor driving the growth of the shunt resistor market is the telecommunications industry. Accurate and dependable current sensing components are becoming more and more necessary as 5G networks are deployed quickly and telecommunications infrastructure becomes more sophisticated. The reliability and functionality of telecommunications equipment depend on shunt resistors, which in turn fuels the expansion of this market sector. Furthermore, new uses for shunt resistors are anticipated to be introduced by developments in telecommunications technology, which will promote additional market expansion. This opportunity has been creating a path for easy success for this particular market segment if seized on time. These businesses must differentiate themselves in the market by offering innovative goods and services if they want to compete.

Challenge

"High Initial Investment Could Be a Potential Challenge for Consumers"

This particular factor has been drastically challenging for the market growth and has become another major restraining factor. Customers are now looking for resistor designs based on thin-film nickel and other alternatives as a result of this price hike. This particular factor has been proved to be a bane for this industry which has in terms affected the shares and revenue systems for this particular market drastically on a global level.

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SHUNT RESISTOR MARKET REGIONAL INSIGHTS

North America

The North American region has augmented a lot in the past few years in this particular product market. The United States Shunt Resistor Market has anticipated to augment immensely over the forecast period. This particular region is actually growing a lot and is anticipated to augment more over the years.

Europe

The European market for this particular market has been accounted for attributing the over all global shares for this particular product service market. Europe is probably going to grow. Europe is not far behind North America. Market growth is driven by technological developments and the different strategies that market participants take.

Asia

Asia-Pacific is anticipated to expand at the fastest rate during the projection period due to a rise in the demand for cutting-edge technologies. This particular region has experienced immense proliferation in the market shares and has attributed to the global market revenue. Numerous multinational corporations are being drawn to set up production facilities in Asian nations by the expanding electronics sector, either on their own or in partnership with other local businesses. This includes big international companies like Molex, Vishay, FCI OEN, Tyco Electronics, and EPCOS. It's also expected to increase local resistor manufacturing in the Asia-Pacific area. This particular region is actually growing a lot and is anticipated to augment more over the years. During the forecast period, this trend is expected to continue, propelling more growth.

 KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage"

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List Of Top Companies

• Rohm Semiconductor (Japan)
• Yageo (Taiwan)
• Murata (Japan)
• Vishay (U.S.)
• Delta Electronics (Cyntec) (Taiwan)

KEY INDUSTRY DEVELOPMENT

April 2023: This particular company has attributed the market growth in terms of revenue and shares system. The thinner (H: 0.03 inch) 12W-rated metal plate shunt resistor (PSR350) in the industry was developed by ROHM Co., Ltd. It is designed for high-power uses in the markets for industrial and automotive equipment. By launching a 0.2mΩ (PSR100) model and a 15W type in the smallest size in the industry (PSR330), ROHM intends to improve the PSR lineup. Industrial equipment power modules have long used shunt resistors. The use of thin double-sided cooled power modules in the primary inverters of xEVs is also becoming more and more popular in the automobile industry. This particular development and investment the global market has been recorded to be a boon for the market growth.

REPORT COVERAGE                       

This research profiles a report with extensive studies that take into description the firms that exist in the analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change market affecting the forecasting period. With detailed studies done, it also offers a comprehensive.