Electrical Resistors Market
Electrical Resistors Market Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
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Electrical Resistors Market Size and Growth
The electrical resistors market is witnessing significant growth, driven by increasing demand in consumer electronics and automotive sectors. As of 2023, the global market size is approximately $3.5 billion, projected to expand at a CAGR of 4.5% through 2030. Factors include technological advancements and a push for energy efficiency.
Companies Covered
(Covid 19 Impact Covered)
◍ Cressall
◍ Murata
◍ TE Connectivity
◍ Vishay
◍ Japan Resistors Manufacturing
◍ Yageo
◍ VISHAY
◍ KOA Speer
◍ Panasonic
◍ ROHM
The electrical resistors market is competitive, with companies like Cressall, Murata, TE Connectivity, Vishay, and others driving innovation and product development. These companies enhance market growth through technological advancements and diverse applications. For instance, Yageo reported sales revenue of approximately $1.5 billion, while Vishay had around $3 billion.
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Market Segmentation
By Application
Electric Motor
Driver
Inverter
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By Product
Wire Wound Resistor
Carbon Film Resistor
Market Growth
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$ X Billion USD
