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

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

Report Format: PDF+Excel | Report ID: SR112024A6903
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Market Overview:

The global electrical resistor market size reached US$ 6.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 9.6 Billion by 2032, exhibiting a growth rate (CAGR) of 5.1% during 2024-2032. 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.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 6.0 Billion
Market Forecast in 2032
US$ 9.6 Billion
Market Growth Rate 2024-2032 5.1%


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.

Global Electrical Resistor Market

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:

IMARC Group 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 2024-2032. Our 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. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Products Covered Fixed Resistor, Variable Resistor
Applications Covered Electric Motor, Driver, Inverter, Others
Industry Verticals Covered Consumer Electronics, IT and Telecommunication, Automotive, Industrial, Healthcare, Others
Regions Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Benefits for Stakeholders:

  • IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the electrical resistor market from 2018-2032.
  • The research study provides the latest information on the market drivers, challenges, and opportunities in the global electrical resistor market.
  • The study maps the leading as well as the fastest growing regional markets. It further enables stakeholders to identify the key country-level markets within each region.
  • Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the electrical resistor industry and its attractiveness.
  • Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

Key Questions Answered in This Report

The global electrical resistor market was valued at US$ 6.0 Billion in 2023.

We expect the global electrical resistor market to exhibit a CAGR of 5.1% during 2024-2032.

The rising utilization of electrical resistors in electric locomotives for the expansion of rail networks is primarily driving the global electrical resistor market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous manufacturing units for electrical resistors.

Based on the product, the global electrical resistor market can be segmented into fixed resistor and variable resistor. Currently, variable resistor holds the majority of the total market share.

Based on the application, the global electrical resistor market has been divided into electric motor, driver, inverter, and others. Among these, electric motor currently exhibits a clear dominance in the market.

Based on the industry vertical, the global electrical resistor market can be categorized into consumer electronics, IT and telecommunication, automotive, industrial, healthcare, and others. Currently, consumer electronics account for the largest market share.

On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where Asia Pacific currently dominates the global market.

Some of the major players in the global electrical resistor market 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.

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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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