Shunt Resistor Market Size, Emerging Trends, Market Forecast & Analysis 2025-2032

• 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.

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• 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.

By Types

• Wirewound Shunt Resistors

• Metal Foil Shunt Resistors

• Thick Film Shunt Resistors

• Thin Film Shunt Resistors

• Others

By Applications

• Automotive: EV battery management, motor control.

• Ammeter: Precision current measurement devices.

• Communication: Telecommunications equipment.

• Consumer Electronics: Smart devices, wearables.

• Power Supplies: Industrial power management.

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