Global wire wound variable resistors market size was US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of XX% during the forecast period.
Global Wire Wound Variable Resistors Market
The report study has analyzed the revenue impact of COVID-19 pandemic on the sales revenue of market leaders, market followers, and market disrupters in the report, and the same is reflected in our analysis.
A wire wound variable resistor is a passive electronic component that is generally used to restrict or limit current flow in a circuit. Wirewound variable resistors are commonly constructed by winding conductive or metal wire such as fibreglass, plastic, ceramic and nichrome core.
A growing adoption of wirewound variable resistors in several electronic instruments and equipment where more requirements of high accuracy and high power is needed which in turn is major driving factor behind the growth of the market. Increasing demand of wirewound resistor for applications such as computers, telecommunication, audio and video equipment, telephone switching systems, current and voltage balancing, medical electronic equipment and many others and rising shift of various manufacturers towards wirewound variable resistor owing to its benefits such as higher stability, wide resistance range, higher accuracy and lower cost than other resistors are expected to improve growth of the market during forecast. In addition, growing consumer electronic market across the globe and supportive government’s initiatives to boost electronics industry in the APAC region is further propelling the growth of the market.
However, ability to use wirewound variable resistors only for low frequency applications, larger size, and high cost than carbon size resistor are major restraining factors that could hamper the growth of the market.
Global Wirewound Variable Resistors Market: Segmentation Analysis
By type, precision resistor segment dominated the market in 2019 and is expected to maintain its dominance at CAGR of XX% during the forecast period. Precision wirewound resistors are created for high energy impulse applications. Growing adoption of precision wirewound resistor for a number of different applications such as test instrumentation, in calibration equipment, measuring bridges, AF attenuators and many other applications is attributed to the growth of the market. Increasing focus of various leading manufacturers to provide cost effective, highly accurate and stable precision wirewound resistors in the market and wide scale adoption of precision wirewound resistors in power inverters, engine and temperature sensors are propelling the growth of the market.
By application, the potentiometer segment dominated the market in 2019 and is projected to witness fast growth at a CAGR of XX% during the forecast period. Potentiometer is an electronic measuring component that is generally used to measure electric voltage or potential in an electronic device. The potentiometer market is majorly driven by its wide scale adoption in electronic devices such as audio and volume control equipment. Additionally, increased adoption of potentiometer in TVs to control colour, contrast response and picture brightness, in motion control equipment and in displacement transducers is impelling the growth of the market.
Global Wirewound Variable Resistors Market: Regional Analysis
Region wise, the Asia Pacific held the largest market share in 2019 and is expected to maintain its dominance at a CAGR of XX% during the forecast period. The countries such as China, Japan, India, Vietnam, Thailand, and South Korea are major key contributors behind the growth of the market. The growth is attributed to growing consumer electronic and electronic components manufacturing industry across the region.
Massive availability of cheap raw materials, lower cost labors, increasing government and corporate spending and initiatives, increased demand of household equipment, changing lifestyle and high disposable income of consumers is driving the growth of the market. According to the MMR report, it is found that the total export of electrical resistors including potentiometer and rheostat and excluding heating resistors is valued US$ 30 million in 2019.
Top export destinations of Electrical resistors from India in 2019:
Global Wire Wound Variable Resistors Market 1
The above table shows the major export destinations of electric resistors from India in 2019. In the similar way, the detailed analysis of export import data of the electric resistors from APAC countries is presented in our global wirewound variable resistor market research report.
The objective of the report is to present a comprehensive analysis of the Global Wirewound Variable Resistors Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Wirewound Variable Resistors Market dynamics, structure by analyzing the market segments and projects the Global Wirewound Variable Resistors Market. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Wirewound Variable Resistors Market make the report investor’s guide.
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The Scope of Global Wirewound Variable Resistors Market
Global Wirewound Variable Resistors Market, By Type
• Precision Resistors
• Power Resistors
Global Wirewound Variable Resistors Market, By Application
• Temperature Sensors
• Current Sensors
Global Wirewound Variable Resistors Market, By Region
• North America
• Asia Pacific
• South America
• Middle East and Africa
Global Wirewound Variable Resistors Market, Key Players
• ADI American Distributors Inc
• 1-Source Electronic Components
• Cougar Electronics Corp
• KRL Bantry Components, Inc
• Ohmite Manufacturing Co
• Mod-Tronic Instruments Ltd
• Taiwan Volt Electronics Co
• Voltronics, Inc
• Novotechnik U.S. Inc
• Jameco Electronics
• Viking Tech Corporation
• Vishay Intertechnology, Inc
• HEINE Resistors GmbH
• MEGATRON Elektronik GmbH & Co
• Fong Ya Enterprise Co., Ltd
• Japan Resistor Mfg. Co., Ltd
• Mega Electronics Co
• Reckon Resistors Private Limited
• Stead Electronic Industries
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