Electrical Resistor Market Growth, Size, Overview and Forecast

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Electrical Resistor Market Analysis, Share and Size, Emerging Trends,
Overview and Outlook, Growth And Segment Forecasts To 2020
Technavio Announces the Publication of its Research Report – Global Electrical Resistors Market 20162020
Technavio recognizes the following companies as the key players in the global electrical resistors
market: Cressall Resistors, KOA Speer, Murata, TE Connectivity, and Vishay.
Other Prominent Vendors in the market are: Rohm, Arcol, Ohmite, Panasonic, Ampcontrol Equipments,
Japan Resistor Manufacturing, Telema, Precision Resistor Company, and HVR Pentagon.
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Commenting on the report, an analyst from Technavio’ s team said: “Growth in smart grid market will
be a key trend for growth of global electrical resistors market. Smart grids have a significant impact on
energy needs, especially with regard to distribution of electricity. Smart grids enable the integration of
distributed energy resources (DER) such as power from renewable energy sources and the adaption of
demand patterns and thus form an integral part of a sustainable, participatory, decentralized, safe, and
secure energy system of the future. Conventional energy networks, particularly electricity, are
undergoing drastic changes due to factors such as the growing contribution of renewable sources and
rising demand for electricity due to increasing electrification of transport and heating.”
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According to the report, rising importance for resistors in traction and marine applications will be a key
driver for market growth. The growth of rail networks to accommodate the needs of travelers and urban
commuters globally has resulted in rising demand for braking and control resistors for traction
applications in electric locomotives. Traction systems are used in tramways, metro rail networks, tramtrains, regional trains, high-speed trains, and locomotives. Replacement of old resistors offers an easier,
simpler, and more cost-effective option than replacing a whole drive with squirrel cage motors and
modern drives. Therefore, the growth of rail systems worldwide such as metro rail infrastructure will
boost the demand for electrical resistors.
Further, the report states that fluctuating raw material prices will be a challenge against the market
growth. The raw materials that go into electrical resistor manufacturing include nickel, copper,
aluminum, and zinc. In the period 2010-2014, fluctuations in the prices of these raw materials affected
the profit margins of manufacturers and vendors significantly. Raw materials such as copper and
aluminum are affected due to price fluctuations when supply does not align with demand, resulting in
differing manufacturing cost. Therefore, vendors are forced to pass on the higher prices to consumers,
hampering the demand for the product.
The study was conducted using an objective combination of primary and secondary information
including inputs from key participants in the industry. The report contains a comprehensive market and
vendor landscape in addition to a SWOT analysis of the key vendors.
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About Electrical Resistors
An electrical resistor is a passive electrical component that prevents an excess inrush of current into a
circuit. As electricity plays a significant role in modern life, electrical resistors have a broad range of
applications and markets. Power generation, transmission, and distribution sectors account for
extensive use of resistors. With the demand for electricity showing an exponential increase globally,
governments in various countries are undertaking development and modernization of their power
generation infrastructure. Both developed and developing countries are making efforts to develop new
power generation and T&D infrastructure, besides revamping the existing ones. As electrical resistors
form a vital component of the equipment used in power infrastructure, the increase in the demand for
electricity, especially in the T&D networks, will boost the demand for electrical resistors and lead to
market growth.
Technavio’ s analysts forecast the global electrical resistor market to grow at a CAGR of 6.47% during
the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global electrical resistor market
for 2016-2020. To calculate the market size, Technavio takes into account the market demand from endusers such as power supplies, power transmission and distribution, drives and inverters, and motors.
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The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Technavio's report, Global Electrical Resistor Market 2016-2020, has been prepared based on an indepth market analysis with inputs from industry experts. The report covers the market landscape and its
growth prospects over the coming years. The report also includes a discussion of the key vendors
operating in this market.
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The report covers the present scenario and the growth prospects of the global electrical resistor market for 2016-2020.