The global Shunt Resistor market was valued at US$ 1180 million in 2022 and is projected to reach US$ 1433.9 million by 2029, at a CAGR of 2.8% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
A shunt (shunt resistor or ammeter shunt) is a high precision resistor that can be used to measure the current flowing through a circuit. An ammeter shunt is a very low resistance connection between two points in a circuit that forms an alternate path for a portion of the current.
A shunt resistor is an electrical component that is used to measure the current flowing through a circuit. It is a low resistance resistor that is placed in parallel with a device or circuit under test, allowing a small portion of the current to flow through the shunt resistor. By measuring the voltage drop across the shunt resistor, the current flowing through the circuit can be accurately calculated using Ohm’s law. Shunt resistors are commonly used in applications such as power supplies, battery management systems, and motor control circuits.
This report aims to provide a comprehensive presentation of the global market for Shunt Resistor, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Shunt Resistor.
This report contains market size and forecasts of Shunt Resistor in global, including the following market information:
Global Shunt Resistor Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Shunt Resistor Market Sales, 2018-2023, 2024-2029, (M Units)
Global top five Shunt Resistor companies in 2022 (%)
Global key players of shunt resistor include Rohm Semiconductor, Yageo, Murata, Vishay, etc. Global top five manufacturers hold a share over 53%. China is the largest producer of shunt resistor holds a share over 52%. In terms of product, rated current 400 to 750A is the largest segment, with a share over 26%. And in terms of application, the largest application is automotive, with a share over 26%.
We surveyed the Shunt Resistor manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Automotive industry: The global automotive shunt resistor market is expected to reach USD 628.1 million by 2028, growing at a compound annual growth rate (CAGR) of 6.2% from 2021 to 2028.
Industrial automation: The global shunt resistor market size in industrial automation is projected to reach USD 467.8 million by 2028, growing at a CAGR of 4.1% from 2021 to 2028.
Telecommunications: The global shunt resistor market size in the telecommunications sector is expected to reach USD 358.4 million by 2028, growing at a CAGR of 5.1% from 2021 to 2028.
Consumer electronics: The global shunt resistor market size in the consumer electronics sector is projected to reach USD 143.9 million by 2028, growing at a CAGR of 4.9% from 2021 to 2028.
Renewable energy: The global shunt resistor market size in renewable energy is expected to reach USD 174.9 million by 2028, growing at a CAGR of 6.1% from 2021 to 2028.
| Report Attributes | Report Details |
|---|---|
| Report Title | Shunt Resistor Market Size, Emerging Trends, Technological Advancements, and Business Strategies 2023-2029 |
| Market size in 2022 | US$ 1180 million |
| Forecast Market size by 2029 | US$ 1433.9 million |
| Growth Rate | CAGR of 2.8% |
| by Current Rating |
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| by Type |
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| By Application |
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| key players |
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| Historical Year | 2018 to 2022 (Data from 2010 can be provided as per availability) |
|---|---|
| Base Year | 2022 |
| Forecast Year | 2030 |
| Number of Pages | 100+ Pages |
| Customization Available | Yes, the report can be customized as per your need. |
Total Market by Segment:
Global Shunt Resistor Market, by Current Rating, 2018-2023, 2024-2029 ($ Millions) & (M Units)
Global Shunt Resistor Market Segment Percentages, by Current Rating, 2022 (%)
- Below 100A
- 100 to 400A
- 400 to 750A
- 750 to 1000A
Global Shunt Resistor Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (M Units)
Global Shunt Resistor Market Segment Percentages, by Type, 2022 (%)
- Wirewound shunt resistors
- Metal foil shunt resistors
- Thick film shunt resistors
- Thin film shunt resistors
- Others
Global Shunt Resistor Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (M Units)
Global Shunt Resistor Market Segment Percentages, by Application, 2022 (%)
- Automotive
- Ammeter
- Communication
- Consumer Electronics
- Power supplies
- Others
Global Shunt Resistor Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (M Units)
Global Shunt Resistor Market Segment Percentages, By Region and Country, 2022 (%)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Benelux
- Rest of Europe
- Asia
- China
- Japan
- South Korea
- Southeast Asia
- India
- Rest of Asia
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Turkey
- Israel
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
Asia Pacific: The Asia Pacific region is anticipated to experience the highest growth rate in the Shunt Resistor Market. This is due to the rising demand for energy-efficient electronic devices and the growth of the automotive and aerospace industries in countries like China, Japan, and India. The presence of prominent manufacturers in the region is also contributing to the market’s growth.
North America: North America is a prominent region in the Shunt Resistor Market and is expected to maintain its dominance over the forecast period. The growth in this region is driven by the increasing demand for smart grids, electric vehicles, and renewable energy sources. The established automotive and aerospace industries are also driving the market’s growth in this region.
Europe: The European region is also expected to witness significant growth in the Shunt Resistor Market. The increasing adoption of energy-efficient electronic devices, electric vehicles, and renewable energy sources is driving the demand for shunt resistors in the region. The focus on reducing carbon emissions and increasing energy efficiency is also a factor contributing to the market’s growth in this region.
Rest of the World: The Rest of the World region, which includes countries in the Middle East, Africa, and South America, is also experiencing growth in the Shunt Resistor Market. The increasing demand for energy-efficient electronic devices and the growth of the automotive and aerospace industries in this region are driving the market’s growth.
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Shunt Resistor revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Shunt Resistor revenues share in global market, 2022 (%)
Key companies Shunt Resistor sales in global market, 2018-2023 (Estimated), (M Units)
Key companies Shunt Resistor sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
- Rohm Semiconductor
- Yageo
- Murata
- Vishay
- Delta Electronics (Cyntec)
- Isabellenhütte
- Walsin
- Viking Tech
- KOA Corporation
- Cbeureka
- Ohmite
- TT Electronics
- MEGATRON Elektronik
- Token Electronics
- Bourns
- TE Connectivity
- Panasonic Corporation
Shunt Resistor Market Latest Trends:
- Increasing demand for precision and accuracy: With the growing need for high-precision measurement in various industries such as automotive, industrial, and healthcare, there is an increasing demand for shunt resistors that offer high accuracy and reliability.
- Adoption of advanced materials: Manufacturers are using advanced materials such as metal alloys and composites to develop shunt resistors with higher current ratings, better thermal stability, and improved reliability.
- Miniaturization: The trend towards smaller and more compact devices has led to the development of smaller shunt resistors that can handle high currents in a small form factor.
- Development of integrated shunt resistors: Manufacturers are integrating shunt resistors with other components such as amplifiers and sensors to offer more compact and efficient solutions for current sensing applications.
- Focus on sustainability: With increasing concerns over environmental impact, there is a growing trend towards the use of eco-friendly materials and processes in the manufacturing of shunt resistors.
- Growing demand for automotive applications: The increasing adoption of electric and hybrid vehicles has led to a growing demand for shunt resistors in automotive applications such as battery management systems and motor control circuits.
