The global braking resistor market size is projected to reach US$ 9,703.2 million in 2024, registering a CAGR of 5.1% during the assessment period. By 2034, global braking resistor sales are set to be valued at US$ 16,026.7 million.
Ceramic braking resistors are expected to remain top-selling products in the market throughout the forecast period. This can be attributed to their advantages, such as durability, high power dissipation, and compact size. The target segment is set to thrive at 6.1% CAGR through 2034.
Key Market Attributes
Attributes | Details |
---|---|
Base Market Value (2023) | US$ 9,285.3 million |
Estimated Braking Resistor Market Value (2024) | US$ 9,703.2 million |
Projected Braking Resistor Market Revenue (2034) | US$ 16,026.7 million |
Value CAGR (2024 to 2034) | 5.1% |
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Global braking resistor sales increased at a CAGR of 4.0% from 2019 to 2023. Total market revenue reached around US$ 9,285.3 million at the end of 2023. Several industry-specific dynamics influenced this growth.
Future Forecast for Braking Resistor Industry
Over the assessment period, the worldwide braking resistor industry is expected to rise at a CAGR of 5.1%. Total market valuation in 2034 is expected to reach US$ 16,026.7 million.
Semi-annual Market Update
Particular | Value CAGR |
---|---|
H1 | 3.9% (2023 to 2033) |
H2 | 4.3% (2023 to 2033) |
H1 | 5.0% (2024 to 2034) |
H2 | 4.9% (2024 to 2034) |
The table below shows the estimated growth rates of the top key countries. India, China, and South Korea are set to record high CAGRs of 9.2%, 9.3%, and 7.9%, respectively, through 2034.
Market Growth Outlook by Key Countries
Countries | Projected Braking Resistor Market CAGR |
---|---|
United States | 3.2% |
India | 9.2% |
United Kingdom | 4.4% |
China | 9.3% |
South Korea | 7.9% |
The United States braking resistor market is poised to exhibit steady growth, reaching a valuation of US$ 3,080.9 million by 2034. Overall demand for braking resistors in the United States will likely grow at a CAGR of 3.2%.
The braking resistor market in India is estimated to reach a market valuation of US$ 548.8 million by 2034, expanding at a CAGR of 9.2%. This can be attributed to flourishing automotive sector and increasing popularity of electric mobility.
The United Kingdom braking resistor market value is expected to total US$ 696.2 million by 2034. It will likely exhibit a CAGR of 4.4% during the forecast period, driven by escalating focus on energy efficiency.
China is anticipated to emerge as one of the lucrative pockets for braking resistor manufacturers. This is due to expanding manufacturing sector and growing production and sales of electric vehicles.
The braking resistor market in China is predicted to reach US$ 2,700.8 million by 2034. Over the assessment period, braking resistor demand in the country will likely increase at a healthy CAGR of 9.3%.
The section offers deeper insights into leading segments in the global industry. The information will help companies frame their strategies accordingly and invest in demanding types and products.
Market Growth Outlook by Type
Type | Value CAGR |
---|---|
Internal Braking Resistor | 4.2% |
External Braking Resistor | 5.5% |
The external braking resistor segment is anticipated to retain its dominant market position throughout the forecast period. This is attributable to rising usage of external braking resistors in variable-frequency drives to dissipate energy generated by motor during braking. As per the latest analysis, demand for external braking resistors will likely increase at 5.5% CAGR during the next ten years. By 2034, the target segment is projected to attain a market valuation of US$ 11,387 million, holding a value share of 71.1%.
Market Growth Outlook by Product
Product | Value CAGR |
---|---|
Wire-wound Braking Resistors | 5.2% |
Ceramic Braking Resistors | 6.1% |
Grid Braking Resistors | 5.0% |
Metal Clad Braking Resistors | 4.9% |
Water-Cooled Braking Resistor | 4.7% |
There are various braking resistors available in the market. Among these, demand sales of ceramic braking resistors are predicted to grow at a higher CAGR of 6.1% during the assessment period.
Market Growth Outlook by Application
Application | Value CAGR |
---|---|
Vehicles | 6.4% |
Elevators & Lifts | 3.9% |
Cranes | 3.2% |
Trains & Railway Vehicles | 4.7% |
Conveyors & Loaders | 5.6% |
Wind Turbines | 7.4% |
Factory Doors | 2.2% |
Based on application, the vehicle segment is expected to generate significant revenue-generation opportunities for the market. It will likely expand at 6.4% CAGR during the forecast period, holding a market share of 26.6% in 2034.
With a growing emphasis on sustainability, vendors differentiate by optimizing the energy efficiency of their braking resistors. This involves developing resistors that minimize energy losses during braking events, contributing to overall system efficiency.
Top manufacturers of braking resistors are focusing on developing and incorporating advanced technologies in their braking resistors. This includes innovations in resistor materials, design, and manufacturing processes to enhance performance, reliability, and overall efficiency.
Manufacturers are continually exploring and implementing innovations to enhance the performance and efficiency of braking resistors. This involves the use of advanced materials with improved thermal conductivity and durability, allowing resistors to withstand higher temperatures and harsh operating conditions.
Innovative designs and configurations are being developed to optimize the dissipation of excess energy during braking events, contributing to the overall effectiveness of braking systems. These advancements align with the industry's pursuit of higher reliability, efficiency, and longevity in braking resistor solutions.
Vendors in the braking resistor market often pursue expansion into emerging markets to tap into new opportunities. For instance, Vishay Intertechnology, a global electronic components manufacturer, exemplifies this strategy by expanding its operations into rapidly growing markets in Asia, particularly in India.
By establishing a stronger presence in India, Vishay aims to address the increasing demand for braking resistor solutions in the nation's burgeoning manufacturing and automotive sectors. This strategic expansion not only allows Vishay to cater to the specific needs of the Indian market but also positions the company to capitalize on the region's overall industrial growth.
Key Developments in the Braking Resistor Market
The global braking resistor industry value is expected to total US$ 9,703.2 million in 2024.
Global braking resistor demand is set to grow at 5.1% CAGR through 2034.
The global market size is predicted to reach US$ 16,026.7 million by 2034.
East Asia.
Vehicles segment is projected to dominate the market.
Braking resistor is used to dissipate energy generated by motor during deceleration.
Dynamic braking resistors are used in VFDs to dissipate energy generated by motor.
85332928 is the HS code for a braking resistor.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand Side Trends 1.3. Supply Side Trends 1.4. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Key Market Trends 3.1. Key Trends Impacting the Market 3.2. Product Innovation / Development Trends 4. Pricing Analysis 4.1. Pricing Analysis, By Product 4.2. Regional/Country Average Pricing Analysis 5. Market Background 5.1. Macro-Economic Factors 5.2. Forecast Factors - Relevance & Impact 5.3. Value Chain 5.4. COVID-19 Crisis - Impact Assessment 5.4.1. Current Statistics 5.4.2. Short-Mid-Long Term Outlook 5.4.3. Likely Rebound 5.5. Market Dynamics 5.5.1. Drivers 5.5.2. Restraints 5.5.3. Opportunities 6. Global Market Demand (Value in US$ million) Analysis 2019 to 2023 and forecast, 2024 to 2034 6.1. Historical Market Value (US$ million) Analysis, 2019 to 2023 6.2. Current and Future Market Value (US$ million) Projections, 2024 to 2034 6.2.1. Y-o-Y Growth Trend Analysis 6.2.2. Absolute $ Opportunity Analysis 7. Global Market Demand Analysis 2019 to 2023 and forecast, 2024 to 2034 7.1. Historical Market Shipment (‘000 Units) Analysis, 2019 to 2023 7.2. Current and Future Market Shipment (‘000 Units) Projections, 2024 to 2034 7.2.1. Y-o-Y Growth Trend Analysis 7.2.2. Absolute $ Opportunity Analysis 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Type 8.1. Introduction / Key Findings 8.2. Historical Market Size (US$ million) Analysis By Type, 2019 to 2023 8.3. Current and Future Market Size (US$ million) Analysis and Forecast By Type, 2024 to 2034 8.3.1. Internal Braking Resistors 8.3.2. External Braking Resistors 8.4. Market Attractiveness Analysis By Type 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Product 9.1. Introduction / Key Findings 9.2. Historical Market Size (US$ million) and Shipment (‘000 Units) Analysis By Product, 2019 to 2023 9.3. Current and Future Market Size (US$ million) and Shipment (‘000 Units) Analysis and Forecast By Product, 2024 to 2034 9.3.1. Wire-wound Braking Resistors 9.3.2. Ceramic Braking Resistors 9.3.3. Grid Braking Resistors 9.3.4. Metal Clad Braking Resistors 9.3.5. Water-cooled Braking Resistor 9.3.6. Others 9.4. Market Attractiveness Analysis By Product 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application 10.1. Introduction / Key Findings 10.2. Historical Market Size (US$ million) Analysis By Application, 2019 to 2023 10.3. Current and Future Market Size (US$ million) Analysis and Forecast By Application, 2024 to 2034 10.3.1. Vehicles 10.3.2. Elevators & Lifts 10.3.3. Cranes 10.3.4. Trains & Railway Vehicles 10.3.5. Conveyors & Loaders 10.3.6. Wind Turbines 10.3.7. Factory Doors 10.3.8. Other 10.4. Market Attractiveness Analysis By Application 11. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 11.1. Introduction / Key Findings 11.2. Historical Market Size (US$ million) and Shipment (‘000 Units) Analysis By Region, 2019 to 2023 11.3. Current and Future Market Size (US$ million) and Shipment (‘000 Units) Analysis and Forecast By Region, 2024 to 2034 11.3.1. North America 11.3.2. Latin America 11.3.3. East Asia 11.3.4. South Asia and Pacific 11.3.5. Western Europe 11.3.6. Eastern Europe 11.3.7. Middle East and Africa 11.4. Market Attractiveness Analysis By Region 12. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034 12.1. Introduction 12.2. Historical Market Size (US$ million) Trend Analysis By Market Taxonomy, 2019 to 2023 12.3. Current and Future Market Size (US$ million) Forecast By Market Taxonomy, 2024 to 2034 12.3.1. By Type 12.3.2. By Product 12.3.3. By Application 12.3.4. By Country 12.3.4.1. United States 12.3.4.2. Canada 12.3.4.3. Mexico 12.4. Market Attractiveness Analysis 12.4.1. By Type 12.4.2. By Product 12.4.3. By Application 12.4.4. By Country 13. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034 13.1. Introduction 13.2. Historical Market Size (US$ million) Trend Analysis By Market Taxonomy, 2019 to 2023 13.3. Current and Future Market Size (US$ million) Forecast By Market Taxonomy, 2024 to 2034 13.3.1. By Type 13.3.2. By Product 13.3.3. By Application 13.3.4. By Country 13.3.4.1. Brazil 13.3.4.2. Chile 13.3.4.3. Rest of Latin America 13.4. Market Attractiveness Analysis 13.4.1. By Type 13.4.2. By Product 13.4.3. By Application 13.4.4. By Country 14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034 14.1. Introduction 14.2. Historical Market Size (US$ million) Trend Analysis By Market Taxonomy, 2019 to 2023 14.3. Current and Future Market Size (US$ million) Forecast By Market Taxonomy, 2024 to 2034 14.3.1. By Type 14.3.2. By Product 14.3.3. By Application 14.3.4. By Country 14.3.4.1. China 14.3.4.2. Japan 14.3.4.3. South Korea 14.4. Market Attractiveness Analysis 14.4.1. By Type 14.4.2. By Product 14.4.3. By Application 14.4.4. By Country 15. South Asia & Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034 15.1. Introduction 15.2. Historical Market Size (US$ million) Trend Analysis By Market Taxonomy, 2019 to 2023 15.3. Current and Future Market Size (US$ million) Forecast By Market Taxonomy, 2024 to 2034 15.3.1. By Type 15.3.2. By Product 15.3.3. By Application 15.3.4. By Country 15.3.4.1. India 15.3.4.2. ASEAN 15.3.4.3. Australia & New Zealand 15.3.4.4. Rest of South Asia and Pacific 15.4. Market Attractiveness Analysis 15.4.1. By Type 15.4.2. By Product 15.4.3. By Application 15.4.4. By Country 16. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034 16.1. Introduction 16.2. Historical Market Size (US$ million) Trend Analysis By Market Taxonomy, 2019 to 2023 16.3. Current and Future Market Size (US$ million) Forecast By Market Taxonomy, 2024 to 2034 16.3.1. By Type 16.3.2. By Product 16.3.3. By Application 16.3.4. By Country 16.3.4.1. Germany 16.3.4.2. Italy 16.3.4.3. France 16.3.4.4. United Kingdom 16.3.4.5. Spain 16.3.4.6. BENELUX 16.3.4.7. Nordics 16.3.4.8. Rest of Western Europe 16.4. Market Attractiveness Analysis 16.4.1. By Type 16.4.2. By Product 16.4.3. By Application 16.4.4. By Country 17. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034 17.1. Introduction 17.2. Historical Market Size (US$ million) Trend Analysis By Market Taxonomy, 2019 to 2023 17.3. Current and Future Market Size (US$ million) Forecast By Market Taxonomy, 2024 to 2034 17.3.1. By Type 17.3.2. By Product 17.3.3. By Application 17.3.4. By Country 17.3.4.1. Russia 17.3.4.2. Poland 17.3.4.3. Hungary 17.3.4.4. Balkan & Baltics 17.3.4.5. Rest of Eastern Europe 17.4. Market Attractiveness Analysis 17.4.1. By Type 17.4.2. By Product 17.4.3. By Application 17.4.4. By Country 18. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034 18.1. Introduction 18.2. Historical Market Size (US$ million) Trend Analysis By Market Taxonomy, 2019 to 2023 18.3. Current and Future Market Size (US$ million) Forecast By Market Taxonomy, 2024 to 2034 18.3.1. By Type 18.3.2. By Product 18.3.3. By Application 18.3.4. By Country 18.3.4.1. Saudi Arabia 18.3.4.2. Other GCC Countries 18.3.4.3. Turkiye 18.3.4.4. South Africa 18.3.4.5. Other Africa Union 18.3.4.6. Rest of Middle East and Africa 18.4. Market Attractiveness Analysis 18.4.1. By Type 18.4.2. By Product 18.4.3. By Application 18.4.4. By Country 19. Key Countries Analysis- Market 19.1. United States Market Analysis 19.1.1. By Type 19.1.2. By Product 19.1.3. By Application 19.2. Canada Market Analysis 19.2.1. By Type 19.2.2. By Product 19.2.3. By Application 19.3. Mexico Market Analysis 19.3.1. By Type 19.3.2. By Product 19.3.3. By Application 19.4. Brazil Market Analysis 19.4.1. By Type 19.4.2. By Product 19.4.3. By Application 19.5. Chile Market Analysis 19.5.1. By Type 19.5.2. By Product 19.5.3. By Application 19.6. Germany Market Analysis 19.6.1. By Type 19.6.2. By Product 19.6.3. By Application 19.7. Italy Market Analysis 19.7.1. By Type 19.7.2. By Product 19.7.3. By Application 19.8. France Market Analysis 19.8.1. By Type 19.8.2. By Product 19.8.3. By Application 19.9. United Kingdom Market Analysis 19.9.1. By Type 19.9.2. By Product 19.9.3. By Application 19.10. Spain Market Analysis 19.10.1. By Type 19.10.2. By Product 19.10.3. By Application 19.11. Russia Market Analysis 19.11.1. By Type 19.11.2. By Product 19.11.3. By Application 19.12. China Market Analysis 19.12.1. By Type 19.12.2. By Product 19.12.3. By Application 19.13. Japan Market Analysis 19.13.1. By Type 19.13.2. By Product 19.13.3. By Application 19.14. South Korea Market Analysis 19.14.1. By Type 19.14.2. By Product 19.14.3. By Application 19.15. India Market Analysis 19.15.1. By Type 19.15.2. By Product 19.15.3. By Application 19.16. ASEAN Market Analysis 19.16.1. By Type 19.16.2. By Product 19.16.3. By Application 19.17. Australia and New Zealand Market Analysis 19.17.1. By Type 19.17.2. By Product 19.17.3. By Application 19.18. Saudi Arabia Market Analysis 19.18.1. By Type 19.18.2. By Product 19.18.3. By Application 19.19. Other GCC Countries Market Analysis 19.19.1. By Type 19.19.2. By Product 19.19.3. By Application 19.20. Turkiye Market Analysis 19.20.1. By Type 19.20.2. By Product 19.20.3. By Application 19.21. South Africa Market Analysis 19.21.1. By Type 19.21.2. By Product 19.21.3. By Application 20. Market Structure Analysis 20.1. Market Analysis by Tier of Companies 20.2. Market Share Analysis of Top Players 21. Competition Analysis 21.1. Competition Dashboard 21.2. Competition Benchmarking 21.3. Competition Deep Dive 21.3.1. Danotherm Electric A/S 21.3.1.1. Business Overview 21.3.1.2. Product Type Portfolio and Strength 21.3.1.3. Key Financials 21.3.1.4. End User Coverage 21.3.1.5. Go-to-Market Approach & Strategies 21.3.1.6. Recent Developments 21.3.2. Michael Koch GmbH 21.3.3. REO AG 21.3.4. Krah 21.3.5. Nugar Resistor Technology 21.3.6. SCHNIEWINDT GMBH & CO. KG 21.3.7. S.I.R. SRL - SOCIETA' ITALIANA RESISTOR 21.3.8. Metal Deploye Resitor 21.3.9. TE Connectivity 21.3.10. Bonitron 21.3.11. KEB America, Inc. 21.3.12. Electrohm 21.3.13. Post Glover 21.3.14. Ohmite Manufacturing 21.3.15. Cressall 22. Assumptions and Acronyms Used 23. Research Methodology
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