Report Overview
A shunt resistor is a high-precision, low-resistance electrical component used to measure the current flowing through a circuit.
By creating an alternate path for a portion of the current, it enables accurate current measurement using Ohm’s law.
Shunt resistors are critical in various applications, including power supplies, battery management systems, motor control circuits, and industrial automation systems.Their increasing demand across multiple industries highlights their essential role in precision electronics.
Market Analysis
The global Shunt Resistor Market was valued at USD 1,194.33 million in 2023 and is projected to reach USD 1,426.09 million by 2029, growing at a CAGR of 3.00%.
The rising demand for precision current measurement, advancements in electronic components, and increasing adoption in electric vehicles (EVs) and industrial automation are key factors driving this market’s growth.
The Asia-Pacific region, particularly China, is a major producer and consumer of shunt resistors, holding over 52% of the global market share.
Regional Analysis
North America
Europe
Asia-Pacific
South America
Middle East & Africa
Competitor Analysis
Rohm Semiconductor
Yageo
Murata
Vishay
Delta Electronics (Cyntec)
Isabellenhütte
KOA Corporation
Market Segmentation
Automotive: EV battery management, motor control.
Ammeter: Precision current measurement devices. Communication: Telecommunications equipment.
Consumer Electronics: Smart devices, wearables.
PowerSupplies: Industrial power management.
Others: Aerospace, medical devices.
Wirewound Shunt Resistors
Foil Shunt Resistors
Film Shunt Resistors
Film Shunt Resistors
