Global Wirewound resistors Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global Wirewound resistors market in its upcoming report titled, “Global Wirewound resistors Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027”. The global wirewound resistors market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global wirewound resistors market report has been segmented on the basis of product type, application, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Wirewound resistors are passive electronic components made with wounding wire around the core. The core is made from various materials such as plastic, ceramic and fiberglass, whereas maganin and nicrome alloys are used to manufacture wounding wire. wounding wire is highly resistant and it provides very accurate resistant according to the given windings. Wirewound resistors are commonly used in electronic devices such as computers, medical electronic equipments, telephone switching systems, etc. Wirewound resistors provide high stability and wide resistance range of low cost.
Wirewound resistors provide protection to the equipment from damage, in case of excessive current flow, anticipated to boost the demand from electronic equipment manufacturers and drives the growth of the market. Wirewound resistors are commonly used as a fuse and circuit breakers, owing to its high power capability. Increasing use of wirewound resistors in telecommunication, video and audio equipments, medical instruments, and many more instruments, is another factor expected to fuel the growth of the target market. Growing area of applications coupled with new technologically advanced electronic devices are factors, expected to bolster the growth of the global wirewound resistors market in the near future.
However, wirewound resistors are limited to low frequency applications, which may hamper the demand and restrain the growth of the global market. Availability of alternate resistors to the wirewound resistors, may also hamper the growth of the global wirewound resistors market. Nevertheless, research and development activities to expand the application area of wirewound resistors can create higher revenue opportunities for the players in the wirewound resistors market.
Asia Pacific is expected to witness a significant growth in terms of revenue over the forecast period, due to the increasing electronic equipment manufacturers in emerging economies such as China, India, South Korea, etc. In addition, easy availability of raw materials and growing demand for electronic devices are also expected to propel the growth of the global wirewound resistors market in the region. North America in expected to witness a lucrative growth in terms of revenue, followed by Europe. Latin America, and the Middle East and Africa are at a nascent stage to the global wirewound resistors market and expected to register a moderate growth rate over the forecast period.
Global Wirewound resistors Market Segmentation:
Segmentation by Product Type:
- Power Resistor
- Precision Resistor
Segmentation by Application:
- Computer Hardware
- Communication Equipments
- Medical Electronic Equipments
- Testing and Measuring Equipments
- Power Equipments
- Military and Aerospace Instruments
- Audio and Video Equipments
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- 1-Source Electronic Components Inc.
- ADI American Distributors Inc.
- Cougar Electronics II Corporation
- Jameco Electronics, Ltd.
- KRL/Bantry Components Inc.
- Mod-Tronic Instruments Limited
- Novotechnik U.S., Inc.
- Ohmite Manufacturing Company, Inc.
- Taiwantrade VOLT SIGNAL ELECTRONICS CO., LTD
- Voltronics, Inc.
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