The wirewound resistor market refers to the industry that provides resistors that use a wire wound around a ceramic, plastic or glass core to regulate the flow of electric current. Wirewound resistors are used in a wide range of applications such as power supplies, electronic control units, automotive electronics, telecommunication, and medical devices, among others.
The market is driven by various factors, including the growing demand for wirewound resistors in the automotive industry, the increasing need for precision and stability in electronic circuits, and the rising demand for energy-efficient electronic devices. The demand for wirewound resistors is also driven by the COVID-19 pandemic, which has increased the demand for medical devices and healthcare equipment.
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The wirewound resistor market is expected to grow in the coming years, driven by factors such as the increasing demand for high-power and high-precision resistors, the growing adoption of renewable energy sources, and the need for improved thermal management and reliability in electronic devices.
The market is also expected to benefit from increasing investments in research and development to improve the performance and efficiency of wirewound resistors, as well as the development of new applications and use cases in various industries, such as aerospace, defense, and industrial automation.
Global Wirewound resistor Market: Drivers
The major factor driving the growth of the wirewound resistor market is the various applications of wirewound resistors in different industry verticals to deliver constant output and prevent damage to products. In addition to this, the increasing production of consumer electronic devices such as computers, and audio and video devices, and others, is the other important factor fuelling the growth of the wirewound resistor market.
The other benefits of using wirewound resistors, such as high stability, accuracy, and wide resistance range available with them, are resulting in their increasing demand. Manufacturers of electronic devices also prefer wirewound resistors due to their lower cost, and this factor is simultaneously expected to fuel the demand for wirewound resistors over the forecast period.
The applications of wirewound resistors across different industry verticals due to their specific features, including circuit breakers and circuit sensing, is ultimately fuelling the wirewound resistor market.
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Global Wirewound Resistor Market: Key Players
Examples of some of the key players in the global wirewound resistor market are
- Ohmite Mfg Co,
- MEGATRON Elektronik GmbH & Co. KG,
- Meritek Electronics Corp,
- NTE Electronics Inc.,
- Murata Electronics,
- Micro-Ohm Corp.,
- Aeroflex,
- Vishay Intertechnology,
- Barry Industries Inc.,
Post Glover Resistors, Krah Group, Michael Koch GmbH, AVX Corporation, TE Connectivity, and others. Manufacturers of wirewound resistors are focusing on improving their distribution channels and enhancing their geographical presence.
Regional analysis includes
- North America
- U.S.
- Canada
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Western Europe
- Germany
- Italy
- France
- Spain
- U.K.
- BENELUX
- Rest of Western Europe
- Eastern Europe
- Russia
- Poland
- Rest of Eastern Europe
- South East Asia and Others of Asia Pacific
- Australia and New Zealand (A&NZ)
- India
- ASEAN
- Rest of Asia Pacific
- Japan
- China
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