The global shunt voltage references market size is expected to reach US$ 3.6 Billion in 2022 and US$ 7.1 Billion in 2032. It is anticipated to exhibit astonishing growth at a CAGR of 5.4% in the forecast period from 2022 to 2032. The increasing advancement in the consumer electronics, communication technology, and automotive industries is likely to propel the sales of shunt voltage references in the future years.
| Report Attribute | Details |
| Shunt Voltage References Market Estimated Base Year Value (2021) | US$ 2.4 Billion |
| Shunt Voltage References Market Expected Market Value (2022) | US$ 3.6 Billion |
| Shunt Voltage References Market Anticipated Forecast Value (2032) | US$ 7.1 Billion |
| Shunt Voltage References Market Projected Growth Rate (2022-2032) | 5.4% CAGR |
Shunt voltage references have two terminals, namely, GND and OUT. These are similar to the concept of a zener diode, but have a much better specification. These require an external resistor just like a zener diode and operate in parallel with its load.
These can be regarded as a voltage-controlled current source between the GND and OUT terminals. The regulation is mainly achieved by adjusting the level of current so that the power-supply voltage drops.
The shunt reference governs the reference voltage by acting as a variable current sink, thereby creating a variable resistor divider to deliver a constant voltage at the output node. The external resistor is needed for regulation, but there is no maximum voltage rating for the shunt reference.
The increasing demand for shunt voltage references to accelerate efficient industrial automation in various end-use industries is a major factor that is set to bolster the global market. Factors, such as ease of use, minimized noise pollution, and low procurement cost are also expected to drive the growth in this market.
The ever-increasing integration of shunt voltage reference modules in various devices owing to their compact nature is another factor that is likely to bode well for the market. The rising usage of these references in battery-operated devices, wind- and solar-powered systems, automotive electronics, and portable electronics to ensure their optimal functionality and improve efficiency is also likely to augur well for the global market.
Output voltage production is a very time-consuming process, which may hamper the shunt voltage references market size in the assessment period. Various components that are present in these references require regular replacement and maintenance. It is expected to surge the overall operational cost of these references, thereby obstructing the growth.
Europe is anticipated to remain at the forefront in the near future in terms of the shunt voltage references market share. The presence of various manufacturers in the U.K., Italy, and Germany is projected to augur well for the regional market.
The presence of a well-established automotive industry in this region is another vital factor that is estimated to drive the market. According to the Society of Motor Manufacturers and Traders (SMMT), in 2019, more than 1.3 million cars (2.5 million engines and 78,270 commercial vehicles) were manufactured in the U.K. These numbers are projected to grow at a steady pace in future years, thereby propelling the Europe market.
The rising demand for efficient industrial automation in India and China is estimated to propel the Asia Pacific shunt voltage references market growth in the upcoming years. The increasing number of large enterprises and SMEs in these countries is another significant factor that is expected to augment the growth in the regional market.
Companies are nowadays reducing the size of shunt voltage references for convenient usage and this factor is also set to fuel the growth. Besides, the rapid expansion of the consumer electronics industry owing to the high disposable income and changing lifestyles of people is anticipated to accelerate the Asia Pacific market.
Some of the renowned companies present in the global shunt voltage references market include Amphenol, NXP Semiconductors, Rohm Semiconductors, Texas Instruments Inc., Fairchild Semiconductor, Arrow Electronics, Inc., Infineon Technologies, Intersil Corporation, Diodes Incorporated, Methode Electronics, Inc., Analog Devices, Inc., and Maxim Integrated among others.
Leading companies are aiming to join hands with various prominent automotive and consumer electronics manufacturers across the globe. They are doing so to provide their in-house products to these manufacturers and gain a competitive edge. Meanwhile, a few other key players are increasingly focusing on acquisitions and new product developments to expand their portfolios and generate more shares in the global market.
| Report Attribute | Details |
| Growth Rate | CAGR of 5.4% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015-2020 |
| Forecast Period | 2022-2032 |
| Quantitative Units | Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered |
|
| Regions Covered |
|
| Key Countries Profiled |
|
| Key Companies Profiled |
|
| Customization | Available Upon Request |
By Application:
By Type:
By Region:
The global shunt voltage references market is anticipated to surpass US$ 7.1 Billion in 2032.
Europe is set to lead the shunt voltage references market in the forecast period.
Amphenol, NXP Semiconductors, Rohm Semiconductors, Texas Instruments Inc., Fairchild Semiconductor, and Arrow Electronics, Inc. are some of the renowned companies in the shunt voltage references market.
Our Research Products
The "Full Research Suite" delivers actionable market intel, deep dives on markets or technologies, so clients act faster, cut risk, and unlock growth.
The Leaderboard benchmarks and ranks top vendors, classifying them as Established Leaders, Leading Challengers, or Disruptors & Challengers.
Locates where complements amplify value and substitutes erode it, forecasting net impact by horizon
We deliver granular, decision-grade intel: market sizing, 5-year forecasts, pricing, adoption, usage, revenue, and operational KPIs—plus competitor tracking, regulation, and value chains—across 60 countries broadly.
Spot the shifts before they hit your P&L. We track inflection points, adoption curves, pricing moves, and ecosystem plays to show where demand is heading, why it is changing, and what to do next across high-growth markets and disruptive tech
Real-time reads of user behavior. We track shifting priorities, perceptions of today’s and next-gen services, and provider experience, then pace how fast tech moves from trial to adoption, blending buyer, consumer, and channel inputs with social signals (#WhySwitch, #UX).
Partner with our analyst team to build a custom report designed around your business priorities. From analysing market trends to assessing competitors or crafting bespoke datasets, we tailor insights to your needs.
Supplier Intelligence
Discovery & Profiling
Capacity & Footprint
Performance & Risk
Compliance & Governance
Commercial Readiness
Who Supplies Whom
Scorecards & Shortlists
Playbooks & Docs
Category Intelligence
Definition & Scope
Demand & Use Cases
Cost Drivers
Market Structure
Supply Chain Map
Trade & Policy
Operating Norms
Deliverables
Buyer Intelligence
Account Basics
Spend & Scope
Procurement Model
Vendor Requirements
Terms & Policies
Entry Strategy
Pain Points & Triggers
Outputs
Pricing Analysis
Benchmarks
Trends
Should-Cost
Indexation
Landed Cost
Commercial Terms
Deliverables
Brand Analysis
Positioning & Value Prop
Share & Presence
Customer Evidence
Go-to-Market
Digital & Reputation
Compliance & Trust
KPIs & Gaps
Outputs
Full Research Suite comprises of:
Market outlook & trends analysis
Interviews & case studies
Strategic recommendations
Vendor profiles & capabilities analysis
5-year forecasts
8 regions and 60+ country-level data splits
Market segment data splits
12 months of continuous data updates
DELIVERED AS:
PDF EXCEL ONLINE
Voltage Monitoring Integrated Circuit Market Size and Share Forecast Outlook 2025 to 2035
Voltage Tester Market Size and Share Forecast Outlook 2025 to 2035
Voltage Regulator Market Size and Share Forecast Outlook 2025 to 2035
Voltage Regulator For Advanced Semiconductor Market Size and Share Forecast Outlook 2025 to 2035
Voltage Detector Market Size and Share Forecast Outlook 2025 to 2035
Voltage Transducer Market Size and Share Forecast Outlook 2025 to 2035
Voltage Controlled Oscillators Market Size and Share Forecast Outlook 2025 to 2035
Shunt Reactor Market Growth – Trends & Forecast 2020 to 2030
AC Voltage Transducer Market Size and Share Forecast Outlook 2025 to 2035
Low Voltage Components Market Size and Share Forecast Outlook 2025 to 2035
Low Voltage Residential Switchgear Market Size and Share Forecast Outlook 2025 to 2035
Low Voltage Substation Market Size and Share Forecast Outlook 2025 to 2035
Low Voltage Distribution Panel Market Size and Share Forecast Outlook 2025 to 2035
Low Voltage Surge Arrester Market Size and Share Forecast Outlook 2025 to 2035
Low Voltage Transmission Substation Market Size and Share Forecast Outlook 2025 to 2035
Low Voltage Disconnect Switch Market Size and Share Forecast Outlook 2025 to 2035
Low Voltage Commercial Electric Boiler Market Size and Share Forecast Outlook 2025 to 2035
Low Voltage Composite Insulators Market Size and Share Forecast Outlook 2025 to 2035
Low Voltage Digital Substation Market Size and Share Forecast Outlook 2025 to 2035
Low Voltage Drives Market Size and Share Forecast Outlook 2025 to 2035
Shunt Voltage References Market
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
Chat With
MaRIA
