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Electrical Resistor Market by Product (Fixed Resistor, Variable Resistor), Application (Electric Motor, Driver, Inverter, and Others), Industry Vertical (Consumer Electronics, IT and Telecommunication, Automotive, Industrial, Healthcare, and Others), and Region 2024-2032

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    Report

  • 147 Pages
  • January 2024
  • Region: Global
  • IMARC Group
  • ID: 5753510
Description Jump to:
The global electrical resistor market size reached US$ 6.0 billion in 2023. The market is projected to reach US$ 9.6 billion by 2032, exhibiting a growth rate (CAGR) of 5.26% during 2023-2032. The escalating demand for power generation and electricity distribution, considerable rise in construction activities, and the widespread adoption of electric vehicles (EVs) represent some of the key factors driving the market.

An electrical resistor refers to a passive two-terminal electrical component that is made of copper wires. It is coiled around a ceramic rod and the outer part of the resistor is coated with insulating paint. The main purpose of a resistor is to manage and regulate current flow and to lower the voltage in any particular portion of the circuit. In addition to preventing an excessive influx of current, the device adjusts signal levels, terminates transmission lines, and biases active elements by restricting electron flow or electric current to a certain level. Electrical resistors are free standing or integrated into the control circuitry of electrical motors for controlling numerous operations. Their independent operation without requiring external voltage sources makes them a convenient component of motor controls or as test loads for generators. Besides adjusting circuit elements and sensing heat and force, they are also used in regenerative electric braking, chemical activity, and advanced driver assistance systems.

Electrical Resistor Market Trends

The market is primarily driven by the escalating demand for power generation and electricity distribution across the globe. This can be attributed to a considerable rise in construction activities and developing infrastructure across the globe. In addition to this, the increasing usage of smartphones, tablets, laptops and other electrical appliances on the global level is positively impacting the market growth. Moreover, the continual technological advancements in the manufacturing of electrical components, including batteries, fuel cells, and electromechanical systems, are resulting in a higher product uptake in the electrical and electronics sector. Besides this, the rapid utilization of electrical resistors for traction applications in electric locomotives for the expansion of rail networks is providing an impetus to the market. The market is further propelled by the rising adoption of electric vehicles (EVs) among the masses due to an enhanced focus on sustainable development. Apart from this, growing investments by the government bodies of several countries promoting smart city development and infrastructure automation are further creating a positive outlook for the market. Some of the other factors contributing to the market include rapid urbanization, the rising usage of solar power converters for power generation, the advent of 5G technology, and extensive research and development (R&D) activities.

Key Market Segmentation:

The report provides an analysis of the key trends in each segment of the global electrical resistor market, along with forecasts at the global, regional, and country level from 2023-2032. The report has categorized the market based on product, application and industry vertical.

Product Insights

  • Fixed Resistor
  • Variable Resistor
The report has provided a detailed breakup and analysis of the electrical resistor market based on the product. This includes fixed resistor and variable resistor. According to the report, variable resistor represented the largest segment.

Application Insights

  • Electric Motor
  • Driver
  • Inverter
  • Others
The report has provided a detailed breakup and analysis of the electrical resistor market based on the application. This includes electric motor, driver, inverter, and others. According to the report, electric motor represented the largest segment.

Industry Vertical Insights

  • Consumer Electronics
  • IT and Telecommunication
  • Automotive
  • Industrial
  • Healthcare
  • Others
A detailed breakup and analysis of the electrical resistor market based on the industry vertical has also been provided in the report. This includes consumer electronics, IT and telecommunication, automotive, industrial, healthcare, and others. According to the report, consumer electronics accounted for the largest market share.

Regional Insights

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets that include North America (the United States and Canada); Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and Middle East and Africa. According to the report, Asia-Pacific was the largest market for electrical resistor. Some of the factors driving the Asia-Pacific electrical resistor market include the rising adoption of electric vehicles (EVs), increasing usage of smartphones, tablets, laptops and other electrical appliances, growing investments in smart city development and infrastructure automation, etc.

Competitive Landscape

The report has also provided a comprehensive analysis of the competitive landscape in the global electrical resistor market. Detailed profiles of all major companies have also been provided. Some of the companies covered include Bourns Inc., Cressall Resistors Ltd., Japan Resistor Mfg. Co. Ltd., KOA Speer Electronics Inc. (KOA Corporation), Murata Manufacturing Co. Ltd., TE Connectivity, Viking Tech Corporation, Vishay Intertechnology Inc., YAGEO Group, Zonkas Electronic Co. Ltd., etc.

Key Questions Answered in This Report

1. How big is the global electrical resistor market?
2. What is the expected growth rate of the global electrical resistor market during 2024-2032?
3. What are the key factors driving the global electrical resistor market?
4. What has been the impact of COVID-19 on the global electrical resistor market?
5. What is the breakup of the global electrical resistor market based on the product?
6. What is the breakup of the global electrical resistor market based on the application?
7. What is the breakup of the global electrical resistor market based on industry vertical?
8. What are the key regions in the global electrical resistor market?
9. Who are the key players/companies in the global electrical resistor market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Electrical Resistor Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product
6.1 Fixed Resistor
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Variable Resistor
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Application
7.1 Electric Motor
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Driver
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Inverter
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Others
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Industry Vertical
8.1 Consumer Electronics
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 IT and Telecommunication
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Automotive
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Industrial
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Healthcare
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Others
8.6.1 Market Trends
8.6.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 Drivers, Restraints, and Opportunities
10.1 Overview
10.2 Drivers
10.3 Restraints
10.4 Opportunities
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Bourns Inc.
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 Cressall Resistors Ltd.
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 Japan Resistor Mfg. Co. Ltd.
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.4 KOA Speer Electronics Inc. (KOA Corporation)
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5 Murata Manufacturing Co. Ltd.
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6 TE Connectivity
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 Viking Tech Corporation
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.8 Vishay Intertechnology Inc.
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9 YAGEO Group
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.10 Zonkas Electronic Co. Ltd.
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
List of Figures
Figure 1: Global: Electrical Resistor Market: Major Drivers and Challenges
Figure 2: Global: Electrical Resistor Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Electrical Resistor Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Electrical Resistor Market: Breakup by Product (in %), 2023
Figure 5: Global: Electrical Resistor Market: Breakup by Application (in %), 2023
Figure 6: Global: Electrical Resistor Market: Breakup by Industry Vertical (in %), 2023
Figure 7: Global: Electrical Resistor Market: Breakup by Region (in %), 2023
Figure 8: Global: Electrical Resistor (Fixed Resistor) Market: Sales Value (in Million US$), 2018 & 2023
Figure 9: Global: Electrical Resistor (Fixed Resistor) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 10: Global: Electrical Resistor (Variable Resistor) Market: Sales Value (in Million US$), 2018 & 2023
Figure 11: Global: Electrical Resistor (Variable Resistor) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 12: Global: Electrical Resistor (Electric Motor) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: Global: Electrical Resistor (Electric Motor) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: Electrical Resistor (Driver) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: Electrical Resistor (Driver) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: Electrical Resistor (Inverter) Market: Sales Value (in Million US$), 2018 & 2023
Figure 17: Global: Electrical Resistor (Inverter) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 18: Global: Electrical Resistor (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
Figure 19: Global: Electrical Resistor (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 20: Global: Electrical Resistor (Consumer Electronics) Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: Global: Electrical Resistor (Consumer Electronics) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: Global: Electrical Resistor (IT and Telecommunication) Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: Global: Electrical Resistor (IT and Telecommunication) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: Global: Electrical Resistor (Automotive) Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: Global: Electrical Resistor (Automotive) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: Global: Electrical Resistor (Industrial) Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: Global: Electrical Resistor (Industrial) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: Global: Electrical Resistor (Healthcare) Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: Global: Electrical Resistor (Healthcare) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: Global: Electrical Resistor (Other Industry Verticals) Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: Global: Electrical Resistor (Other Industry Verticals) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: North America: Electrical Resistor Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: North America: Electrical Resistor Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: United States: Electrical Resistor Market: Sales Value (in Million US$), 2018 & 2023
Figure 35: United States: Electrical Resistor Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 36: Canada: Electrical Resistor Market: Sales Value (in Million US$), 2018 & 2023
Figure 37: Canada: Electrical Resistor Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 38: Asia-Pacific: Electrical Resistor Market: Sales Value (in Million US$), 2018 & 2023
Figure 39: Asia-Pacific: Electrical Resistor Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 40: China: Electrical Resistor Market: Sales Value (in Million US$), 2018 & 2023
Figure 41: China: Electrical Resistor Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 42: Japan: Electrical Resistor Market: Sales Value (in Million US$), 2018 & 2023
Figure 43: Japan: Electrical Resistor Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 44: India: Electrical Resistor Market: Sales Value (in Million US$), 2018 & 2023
Figure 45: India: Electrical Resistor Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 46: South Korea: Electrical Resistor Market: Sales Value (in Million US$), 2018 & 2023
Figure 47: South Korea: Electrical Resistor Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 48: Australia: Electrical Resistor Market: Sales Value (in Million US$), 2018 & 2023
Figure 49: Australia: Electrical Resistor Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 50: Indonesia: Electrical Resistor Market: Sales Value (in Million US$), 2018 & 2023
Figure 51: Indonesia: Electrical Resistor Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 52: Others: Electrical Resistor Market: Sales Value (in Million US$), 2018 & 2023
Figure 53: Others: Electrical Resistor Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 54: Europe: Electrical Resistor Market: Sales Value (in Million US$), 2018 & 2023
Figure 55: Europe: Electrical Resistor Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 56: Germany: Electrical Resistor Market: Sales Value (in Million US$), 2018 & 2023
Figure 57: Germany: Electrical Resistor Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 58: France: Electrical Resistor Market: Sales Value (in Million US$), 2018 & 2023
Figure 59: France: Electrical Resistor Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 60: United Kingdom: Electrical Resistor Market: Sales Value (in Million US$), 2018 & 2023
Figure 61: United Kingdom: Electrical Resistor Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 62: Italy: Electrical Resistor Market: Sales Value (in Million US$), 2018 & 2023
Figure 63: Italy: Electrical Resistor Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 64: Spain: Electrical Resistor Market: Sales Value (in Million US$), 2018 & 2023
Figure 65: Spain: Electrical Resistor Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 66: Russia: Electrical Resistor Market: Sales Value (in Million US$), 2018 & 2023
Figure 67: Russia: Electrical Resistor Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 68: Others: Electrical Resistor Market: Sales Value (in Million US$), 2018 & 2023
Figure 69: Others: Electrical Resistor Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 70: Latin America: Electrical Resistor Market: Sales Value (in Million US$), 2018 & 2023
Figure 71: Latin America: Electrical Resistor Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 72: Brazil: Electrical Resistor Market: Sales Value (in Million US$), 2018 & 2023
Figure 73: Brazil: Electrical Resistor Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 74: Mexico: Electrical Resistor Market: Sales Value (in Million US$), 2018 & 2023
Figure 75: Mexico: Electrical Resistor Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 76: Others: Electrical Resistor Market: Sales Value (in Million US$), 2018 & 2023
Figure 77: Others: Electrical Resistor Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 78: Middle East and Africa: Electrical Resistor Market: Sales Value (in Million US$), 2018 & 2023
Figure 79: Middle East and Africa: Electrical Resistor Market: Breakup by Country (in %), 2023
Figure 80: Middle East and Africa: Electrical Resistor Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 81: Global: Electrical Resistor Industry: Drivers, Restraints, and Opportunities
Figure 82: Global: Electrical Resistor Industry: Value Chain Analysis
Figure 83: Global: Electrical Resistor Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Electrical Resistor Market: Key Industry Highlights, 2023 & 2032
Table 2: Global: Electrical Resistor Market Forecast: Breakup by Product (in Million US$), 2024-2032
Table 3: Global: Electrical Resistor Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 4: Global: Electrical Resistor Market Forecast: Breakup by Industry Vertical (in Million US$), 2024-2032
Table 5: Global: Electrical Resistor Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 6: Global: Electrical Resistor Market: Competitive Structure
Table 7: Global: Electrical Resistor Market: Key Players

Companies Mentioned

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

Methodology

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Table Information

Report AttributeDetails
No. of Pages147
PublishedJanuary 2024
Forecast Period2023 - 2032
Estimated Market Value ( USD ) in 2023 $ 6 Billion
Forecasted Market Value ( USD ) by 2032 $ 9.6 Billion
Compound Annual Growth Rate5.2%
Regions CoveredGlobal
No. of Companies Mentioned10

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About the Resistor Market

The Resistor market is an important part of Electrical Engineering, providing components that regulate the flow of electricity in a circuit. Resistors are used to control the current, voltage, and power in a circuit, and come in a variety of shapes, sizes, and materials. They are typically made from carbon, metal, or ceramic, and can be fixed or variable. Fixed resistors are designed to maintain a specific resistance, while variable resistors can be adjusted to change the resistance. Resistors are used in a wide range of applications, from consumer electronics to industrial automation. They are also used in automotive, aerospace, and medical industries. The resistor market is highly competitive, with many manufacturers offering a wide range of products. Some of the companies in the resistor market include Vishay, Yageo, Panasonic, Bourns, TE Connectivity, and Ohmite. Show Less Read more

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