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 |
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| Regions Covered |
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| Key Countries Profiled |
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| Customization | Available Upon Request |
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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.
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Shunt Voltage References Market
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