Braking Resistor Market to Grow at a CAGR of 4.8% to reach US$ 11,141.9 Mn from 2019 to 2027

    Braking Resistor Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Resistor Element Type (Wire-Wound, Edge-Wound, Stamped Grid, and Others) and End-User (Oil and Gas, Mining, Marine, Automobile and Railway, Energy, and Others)

    Publication Month: Jan 2021 | Report Code: TIPRE00013134 | No. of Pages: 153 | Category: Electronics and Semiconductor | Status: Published

    The braking resistors market was valued at US$ 7,838.1 million in 2019 and is projected to reach US$ 11,141.9 million by 2027; it is expected to grow at a CAGR of 4.8% from 2020 to 2027.

    A braking resistor or dynamic braking resistors (DBR's) work as alternative current (AC) variable frequency drives (VFDs) to disintegrate energy generated in the motor with the help of braking torque applied to stop the engine. This resistor has its application in the DC bus, which requires a voltage of around 800 volts when the braking conditions are applied. Dynamic braking resistors are used in DC drive systems and inverters, and also used as the electric traction motors in the railroad vehicle as generators while slowing down the locomotive. This dynamic resistor is also known as "rheostatic," as it generates electrical power, which is regenerative if the power is returned to the supply line and dissipated as heat in brake grid resistors. This resistor generates a braking torque and absorbs the extra energy generated at the time of stopping the electric motors. These resistors have their application across variable-speed drive systems such as cranes, elevators, and trains. Owing to the growing urbanization and industrial growth, energy consumption has increased manifolds. Therefore, to meet the rising requirements for power, the development of sub-transmission and intrastate transmission networks is increasing. The escalating demand for energy & power, owing to growing household incomes and increasing manufacturing and heavy industries, is boosting the market of braking resistor. Renewable energy plays a significant role for offering access to electricity. According to the International Energy Agency (IEA), the electricity demand is projected to grow at 2.1% per year by 2040 across the world. The demand for electricity in the Southeast Asia has been among the highest across the globe; it has potential for the renewable energy sector. All these factors are anticipated to boost the growth of the braking resistors market during the forecast period.

    Europe dominated the braking resistors marketin 2019, and is expected to continue its dominance during the forecast period. Tech investments in Europe increased in 2019 despite the economic slowdown caused by the tension between the UK and European Union (EU). Automotive manufacturers have 304 vehicle assembly plants and production plants in 27 countries across Europe. In 2019, the production of 4,371,499 units of commercial and passenger vehicles was reported. Growing production of commercial and passenger vehicles surges the demand for integration of braking resistors.

    Impact of COVID-19 Pandemic on Braking Resistors Market

    The emergence and rapid spread of the novel coronavirus (COVID-19) has paralyzed numerous countries including developed as well as developing. The continuous surge in count of infected patients is threatening several industries across the globe. As of December 2020, the US, India, Brazil, Russia, and France are a few of the worst affected countries in terms of COVID-19 confirmed cases and reported deaths. The outbreak is adversely affecting economies and industries in various countries owing to lockdowns, travel bans, and business shutdowns. Moreover, the demand for braking resistors is decreasing at a prominent rate because the key braking resistors purchasing countries are lowering their investments in these components and utilizing a fair percentage of their budget to combat the COVID-19 outbreak. The temporary shutdown of manufacturing facilities is also hindering the growth of the braking resistors market. The continuity of the COVID-19 spread would restrain the growth of the braking resistors market players in coming years.

    Lucrative Regions for Braking Resistors Market

    Lucrative Regions for Braking Resistors Market

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    Market Insights
    Mounting Inclination toward EVs Boosts Demand for Braking Resistor

    The major players in the automotive sector are investing in the production of electric vehicles. Recently, remarkable collaborations have been undertaken between automakers and tech companies to develop technologically advanced electric vehicles. For instance, in December 2019, Fiat Chrysler collaborated with PSA Group, a French automaker to focus on electric vehicles' development. Further, increasing awareness about the rising levels of greenhouse gas emissions and the negative impacts of conventional vehicles are the major factors that encourage key players to invest in electric vehicles. Several major companies are looking forward to invest in startups, which can eventually help them co-create products in the future. For example, in March 2019, Hyundai, an automotive manufacturer headquartered in Seoul, South Korea, with its subsidiary Kia, invested US$ 300 million in Ola Electric to manufacture mobility solutions and cars specifically for the Indian population. The electric vehicles use regenerative braking, which recovers energy lost during braking and sends it back to the battery. As an alternative, it is beneficial to use a braking resistor to discharge the excess energy produced. These resistors are useful in case of any electrical fault, as well as to reduce the servicing costs due to diminished wear on the friction braking system. Moreover, the energy dissipated during dynamic braking into the resistor is also being used to heat the vehicle's trailer or cabin; therefore, decreasing the requirement for electrical heating that places an extra load on the battery.

    Resistor Element Type-Based Market Insights

    Based on resistor element type, the global braking resistors market is segmented into wire-wound, edge-wound, stamped grid, and others. Wire-wound resistor offers significant advantages such as excellent power dissipation, shock-proofing, and stable resistance. This resistor is used across several applications, basically as a power resistor, where larger amounts of power are dissipated. The wire-wound resistor includes a resistive wire, which is wound around a nonconductive material. Generally, the resistive wire is insulated so that adjacent wires do not short together.

    Braking Resistors Market, by Resistor Element Type – 2019 and 2027

    Braking Resistors Market, by Resistor Element Type – 2019 and 2027

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    End-User-Based Market Insights

    Based on end-user, the braking resistors market is segmented into oil and gas, mining, marine, automobile and railways, energy, and others. Rise in demand for passenger cars and commercial vehicles, mostly in developing countries, is bolstering the need for braking resistors to control the speed and use the excess amount of energy dissipated. In 2014, China reported the production of 24 million vehicles, which is anticipated to increase and reach to around 364 and 607 million by 2030 and 2050, respectively. Several manufacturers worldwide are involved in developing different models of vehicles that demand the integration of braking resistors. Therefore, the rising integration of braking resistors across the automotive and railways market accelerates the braking resistors market growth.

    Strategic Insights

    Product development is the commonly adopted strategy by companies to expand their product portfolio. ABB Ltd., Vishay, Schneider Electric, Kanthal, and Yashkawa are among the key players implementing strategies to enlarge the customer base and gain significant share in the global braking resistors market, which in turn permits them to maintain their brand name. A few of the recent key developments are:

    • In 2019, Yaskawa Electric Corporation’s R1000 regenerative unit avoids energy to waste. Instead, it is delivered back to the power source that could be used by other loads. The R1000 regenerative unit is a safer solution for regeneration than the open heating element used in dynamic braking resistors.
    • In 2018, Vishay Intertechnology, Inc. exhibited its latest resistors for oil and gas, industrial, traction, and renewable energy power systems at the 2018 IEEE PES T&D conference and expo.

    Braking Resistors Market Segmentation:

    By Resistor Element Type

      • Wirewound
      • Edge-wound
      • Stamped Grid
      • Others

    By End-User

      • Oil and Gas
      • Mining
      • Marine
      • Automobile and Railway
      • Energy
      • Others

    Company Profiles

    • ABB Ltd.
    • Bonitron
    • Captech Pty Ltd.
    • CRESSALL RESISTORS LTD.
    • REO AG
    • Sandvik AB(Kanthal)
    • Schneider Electric
    • Toshiba International Corporation
    • Vishay Intertechnology, Inc.
    • Yaskawa Electric Corporation

    1. Introduction

    1.1 Study Scope

    1.2 The Insight Partners Research Report Guidance

    1.3 Market Segmentation

    1.3.1 Braking Resistors Market – By Resistor Element Type

    1.3.2 Braking Resistors Market – By End User

    1.3.3 Braking Resistors Market – By Geography

    2. Key Takeaways

    3. Research Methodology

    3.1 Coverage

    3.2 Secondary Research

    3.3 Primary Research

    4. Braking Resistor Market Landscape

    4.1 Market Overview

    4.2 PEST Analysis

    4.2.1 North America

    4.2.2 Europe

    4.2.3 Asia Pacific

    4.2.4 Middle East and Africa

    4.2.5 South America

    4.3 Ecosystem Analysis

    4.4 Expert Opinion

    5. Braking Resistor –Market Dynamics

    5.1 Market Drivers

    5.1.1 Rising Investment for New Energy & Power Projects

    5.1.2 Mounting Inclination Toward EVs is Boosting the Demand for Braking Resistor

    5.2 Market Restraints

    5.2.1 Concern Associated with the Excessive Motor Heating

    5.3 Market Opportunities

    5.3.1 Booming Mining Sector

    5.4 Market Trends

    5.4.1 Growing Adoption of Smart Grids

    5.5 Impact Analysis of Drivers and Restraints

    6. Braking Resistor – Global Market Analysis

    6.1 Braking Resistors Market Overview

    6.2 Braking Resistor Market – Revenue and Forecast to 2027 (US$ Million)

    6.3 Market Positioning – Global Market Players Ranking

    7. Braking Resistor Market Analysis – By Resistor Element Type

    7.1 Overview

    7.2 Global Braking Resistor Market Breakdown, By Resistor Element Type, 2019 & 2027 (%)

    7.3 Wire-wound

    7.3.1 Overview

    7.3.2 Wire-Wound Market Forecast and Analysis

    7.4 Edge-Wound

    7.4.1 Overview

    7.4.2 Edge-Wound Market Forecast and Analysis

    7.5 Stamped Grid

    7.5.1 Overview

    7.5.2 Stamped Grid Market Forecast and Analysis

    7.6 Others

    7.6.1 Overview

    7.6.2 Other Market Forecast and Analysis

    8. Braking Resistor Market Analysis – By End-User

    8.1 Overview

    8.2 Global Braking Resistor Market Breakdown, By End-User, 2019 & 2027 (%)

    8.3 Oil and Gas

    8.3.1 Overview

    8.3.2 Oil and Gas Market Forecast and Analysis

    8.4 Mining

    8.4.1 Overview

    8.4.2 Mining Market Forecast and Analysis

    8.5 Marine

    8.5.1 Overview

    8.5.2 Marine Market Forecast and Analysis

    8.6 Automobile and Railways

    8.6.1 Overview

    8.6.2 Automobile and Railways Market Forecast and Analysis

    8.7 Energy

    8.7.1 Overview

    8.7.2 Energy Market Forecast and Analysis

    8.8 Others

    8.8.1 Overview

    8.8.2 Others Market Forecast and Analysis

    9. Braking Resistor Market – Geographic Analysis

    9.1 Overview

    9.2 North America: Braking Resistor Market

    9.2.1 North America: Braking Resistor Market – Revenue and Forecast to 2027 (US$ Million)

    9.2.2 North America: Braking Resistor Market, By Resistor Element Type

    9.2.3 North America: Braking Resistor Market, By End-User

    9.2.4 North America: Braking Resistor Market, By Country

    9.2.4.1 US: Braking Resistor Market – Revenue and Forecast to 2027 (US$ Million)

    9.2.4.1.1 US: Braking Resistor Market, By Resistant Element Type

    9.2.4.1.2 US: Braking Resistor Market, By End-User

    9.2.4.2 Canada: Braking Resistor Market – Revenue and Forecast to 2027 (US$ Million)

    9.2.4.2.1 Canada: Braking Resistor Market, By Resistant Element Type

    9.2.4.2.2 Canada: Braking Resistor Market, By End-User

    9.2.4.3 Mexico: Braking Resistor Market – Revenue and Forecast to 2027 (US$ Million)

    9.2.4.3.1 Mexico: Braking Resistor Market, By Resistant Element Type

    9.2.4.3.2 Mexico: Braking Resistor Market, By End-User

    9.3 Europe: Braking Resistor Market

    9.3.1 Europe: Braking Resistor Market – Revenue and Forecast to 2027 (US$ Million)

    9.3.2 Europe: Braking Resistor Market, By Resistant Element Type

    9.3.3 Europe: Braking Resistor Market, By End-User

    9.3.4 Europe: Braking Resistor Market, By Country

    9.3.4.1 Germany: Braking Resistor Market – Revenue and Forecast to 2027 (US$ Million)

    9.3.4.1.1 Germany: Braking Resistor Market, By Resistant Element Type

    9.3.4.1.2 Germany: Braking Resistor Market, By End-User

    9.3.4.2 France: Braking Resistor Market – Revenue and Forecast to 2027 (US$ Million)

    9.3.4.2.1 France: Braking Resistor Market, By Resistant Element Type

    9.3.4.2.2 France: Braking Resistor Market, By End-User

    9.3.4.3 Italy: Braking Resistor Market – Revenue and Forecast to 2027 (US$ Million)

    9.3.4.3.1 Italy: Braking Resistor Market, By Resistant Element Type

    9.3.4.3.2 Italy: Braking Resistor Market, By End-User

    9.3.4.4 UK: Braking Resistor Market – Revenue and Forecast to 2027 (US$ Million)

    9.3.4.4.1 UK: Braking Resistor Market, By Resistant Element Type

    9.3.4.4.2 UK: Braking Resistor Market, By End-User

    9.3.4.5 Russia: Braking Resistor Market – Revenue and Forecast to 2027 (US$ Million)

    9.3.4.5.1 Russia: Braking Resistor Market, By Resistant Element Type

    9.3.4.5.2 Russia: Braking Resistor Market, By End-User

    9.3.4.6 Rest of Europe: Braking Resistor Market – Revenue and Forecast to 2027 (US$ Million)

    9.3.4.6.1 Rest of Europe: Braking Resistor Market, By Resistant Element Type

    9.3.4.6.2 Rest of Europe: Braking Resistor Market, By End-User

    9.4 APAC: Braking Resistor Market

    9.4.1 APAC: Braking Resistor Market – Revenue and Forecast to 2027 (US$ Million)

    9.4.2 APAC: Braking Resistor Market, By Resistant Element Type

    9.4.3 APAC: Braking Resistor Market, By End-User

    9.4.4 APAC: Braking Resistor Market, By Country

    9.4.4.1 Australia: Braking Resistor Market – Revenue and Forecast to 2027 (US$ Million)

    9.4.4.1.1 Australia: Braking Resistor Market, By Resistant Element Type

    9.4.4.1.2 Australia: Braking Resistor Market, By End-User

    9.4.4.2 China: Braking Resistor Market – Revenue and Forecast to 2027 (US$ Million)

    9.4.4.2.1 China: Braking Resistor Market, By Resistant Element Type

    9.4.4.2.2 China: Braking Resistor Market, By End-User

    9.4.4.3 India: Braking Resistor Market – Revenue and Forecast to 2027 (US$ Million)

    9.4.4.3.1 India: Braking Resistor Market, By Resistant Element Type

    9.4.4.3.2 India: Braking Resistor Market, By End-User

    9.4.4.4 Japan: Braking Resistor Market – Revenue and Forecast to 2027 (US$ Million)

    9.4.4.4.1 Japan: Braking Resistor Market, By Resistant Element Type

    9.4.4.4.2 Japan: Braking Resistor Market, By End-User

    9.4.4.5 South Korea: Braking Resistor Market – Revenue and Forecast to 2027 (US$ Million)

    9.4.4.5.1 South Korea: Braking Resistor Market, By Resistant Element Type

    9.4.4.5.2 South Korea: Braking Resistor Market, By End-User

    9.4.4.6 Rest of APAC: Braking Resistor Market – Revenue and Forecast to 2027 (US$ Million)

    9.4.4.6.1 Rest of APAC: Braking Resistor Market, By Resistant Element Type

    9.4.4.6.2 Rest of APAC: Braking Resistor Market, By End-User

    9.5 MEA: Braking Resistor Market

    9.5.1 MEA: Braking Resistor Market – Revenue and Forecast to 2027 (US$ Million)

    9.5.2 MEA: Braking Resistor Market, By Resistant Element Type

    9.5.3 MEA: Braking Resistor Market, By End-User

    9.5.4 MEA: Braking Resistor Market, By Country

    9.5.4.1 South Africa: Braking Resistor Market – Revenue and Forecast to 2027 (US$ Million)

    9.5.4.1.1 South Africa: Braking Resistor Market, By Resistant Element Type

    9.5.4.1.2 South Africa: Braking Resistor Market, By End-User

    9.5.4.2 Saudi Arabia: Braking Resistor Market – Revenue and Forecast to 2027 (US$ Million)

    9.5.4.2.1 Saudi Arabia: Braking Resistor Market, By Resistant Element Type

    9.5.4.2.2 Saudi Arabia: Braking Resistor Market, By End-User

    9.5.4.3 UAE: Braking Resistor Market – Revenue and Forecast to 2027 (US$ Million)

    9.5.4.3.1 UAE: Braking Resistor Market, By Resistant Element Type

    9.5.4.3.2 UAE: Braking Resistor Market, By End-User

    9.5.4.4 Rest of MEA: Braking Resistor Market – Revenue and Forecast to 2027 (US$ Million)

    9.5.4.4.1 Rest of MEA: Braking Resistor Market, By Resistant Element Type

    9.5.4.4.2 Rest of MEA: Braking Resistor Market, By End-User

    9.6 SAM: Braking Resistor Market

    9.6.1 SAM: Braking Resistor Market – Revenue and Forecast to 2027 (US$ Million)

    9.6.2 SAM: Braking Resistor Market, By Resistant Element Type

    9.6.3 SAM: Braking Resistor Market, By End-User

    9.6.4 SAM: Braking Resistor Market, By Country

    9.6.4.1 Brazil: Braking Resistor Market – Revenue and Forecast to 2027 (US$ Million)

    9.6.4.1.1 Brazil: Braking Resistor Market, By Resistant Element Type

    9.6.4.1.2 Brazil: Braking Resistor Market, By End-User

    9.6.4.2 Argentina: Braking Resistor Market – Revenue and Forecast to 2027 (US$ Million)

    9.6.4.2.1 Argentina: Braking Resistor Market, By Resistant Element Type

    9.6.4.2.2 Argentina: Braking Resistor Market, By End-User

    9.6.4.3 Rest of SAM: Braking Resistor Market – Revenue and Forecast to 2027 (US$ Million)

    9.6.4.3.1 Rest of SAM: Braking Resistor Market, By Resistant Element Type

    9.6.4.3.2 Rest of SAM: Braking Resistor Market, By End-User

    10. Braking Resistor Market- COVID-19 Impact Analysis

    10.1 Overview

    10.2 Impact of COVID-19 Pandemic on Global Braking Resistors Market

    10.2.1 North America: Impact Assessment of COVID-19 Pandemic

    10.2.2 Europe: Impact Assessment of COVID-19 Pandemic

    10.2.3 Asia Pacific: Impact Assessment of COVID-19 Pandemic

    10.2.4 Middle East and Africa: Impact Assessment of COVID-19 Pandemic

    10.2.5 South America: Impact Assessment of COVID-19 Pandemic

    11. Industry Landscape

    11.1 Overview

    11.2 Market Initiative

    11.3 New Product Development

    12. Company Profiles

    12.1 ABB Ltd.

    12.1.1 Key Facts

    12.1.2 Business Description

    12.1.3 Products and Services

    12.1.4 Financial Overview

    12.1.5 SWOT Analysis

    12.1.6 Key Developments

    12.2 Bonitron

    12.2.1 Key Facts

    12.2.2 Business Description

    12.2.3 Products and Services

    12.2.4 Financial Overview

    12.2.5 SWOT Analysis

    12.2.6 Key Developments

    12.3 Captech Pty Ltd.

    12.3.1 Key Facts

    12.3.2 Business Description

    12.3.3 Products and Services

    12.3.4 Financial Overview

    12.3.5 SWOT Analysis

    12.3.6 Key Developments

    12.4 CRESSALL RESISTORS LTD

    12.4.1 Key Facts

    12.4.2 Business Description

    12.4.3 Products and Services

    12.4.4 Financial Overview

    12.4.5 SWOT Analysis

    12.4.6 Key Developments

    12.5 REO AG

    12.5.1 Key Facts

    12.5.2 Business Description

    12.5.3 Products and Services

    12.5.4 Financial Overview

    12.5.5 SWOT Analysis

    12.5.6 Key Developments

    12.6 Sandvik AB(Kanthal)

    12.6.1 Key Facts

    12.6.2 Business Description

    12.6.3 Products and Services

    12.6.4 Financial Overview

    12.6.5 SWOT Analysis

    12.6.6 Key Developments

    12.7 Schneider Electric

    12.7.1 Key Facts

    12.7.2 Business Description

    12.7.3 Products and Services

    12.7.4 Financial Overview

    12.7.5 SWOT Analysis

    12.7.6 Key Developments

    12.8 Toshiba International Corporation

    12.8.1 Key Facts

    12.8.2 Business Description

    12.8.3 Products and Services

    12.8.4 Financial Overview

    12.8.5 SWOT Analysis

    12.8.6 Key Developments

    12.9 Vishay Intertechnology, Inc.

    12.9.1 Key Facts

    12.9.2 Business Description

    12.9.3 Products and Services

    12.9.4 Financial Overview

    12.9.5 SWOT Analysis

    12.9.6 Key Developments

    12.10 Yaskawa Electric Corporation

    12.10.1 Key Facts

    12.10.2 Business Description

    12.10.3 Products and Services

    12.10.4 Financial Overview

    12.10.5 SWOT Analysis

    12.10.6 Key Developments

    13. Appendix

    13.1 About The Insight Partners

    13.2 Word Index

    LIST OF TABLES

    Table 1. Braking Resistors Market – Revenue and Forecast to 2027 US$ Mn)

    Table 2. North America Braking Resistor Market, By Resistor Element Type – Revenue and Forecast to 2027 (US$ Million)

    Table 3. North America Braking Resistor Market, By End-User – Revenue and Forecast to 2027 (US$ Million)

    Table 4. US Braking Resistor Market, By Resistant Element Type– Revenue and Forecast to 2027 (US$ Million)

    Table 5. US Braking Resistor Market, By End-User – Revenue and Forecast to 2027 (US$ Million)

    Table 6. Canada Braking Resistor Market, By Resistant Element Type– Revenue and Forecast to 2027 (US$ Million)

    Table 7. Canada Braking Resistor Market, By End-User– Revenue and Forecast to 2027 (US$ Million)

    Table 8. Mexico Braking Resistor Market, By Resistant Element Type– Revenue and Forecast to 2027 (US$ Million)

    Table 9. Mexico Braking Resistor Market, By End-User– Revenue and Forecast to 2027 (US$ Million)

    Table 10. Europe Braking Resistor Market, By Resistant Element Type– Revenue and Forecast to 2027 (US$ Million)

    Table 11. Europe Braking Resistor Market, By End-User– Revenue and Forecast to 2027 (US$ Million)

    Table 12. Germany Braking Resistor Market, By Resistant Element Type– Revenue and Forecast to 2027 (US$ Million)

    Table 13. Germany Braking Resistor Market, By End-User – Revenue and Forecast to 2027 (US$ Million)

    Table 14. France Braking Resistor Market, By Resistant Element Type– Revenue and Forecast to 2027 (US$ Million)

    Table 15. France Braking Resistor Market, By End-User – Revenue and Forecast to 2027 (US$ Million)

    Table 16. Italy Braking Resistor Market, By Resistant Element Type– Revenue and Forecast to 2027 (US$ Million)

    Table 17. Italy Braking Resistor Market, By End-User – Revenue and Forecast to 2027 (US$ Million)

    Table 18. UK Braking Resistor Market, By Resistant Element Type– Revenue and Forecast to 2027 (US$ Million)

    Table 19. UK Braking Resistor Market, By End-User– Revenue and Forecast to 2027 (US$ Million)

    Table 20. Russia Braking Resistor Market, By Resistant Element Type– Revenue and Forecast to 2027 (US$ Million)

    Table 21. Russia Braking Resistor Market, By End-User – Revenue and Forecast to 2027 (US$ Million)

    Table 22. Rest of Europe Braking Resistor Market, By Resistant Element Type– Revenue and Forecast to 2027 (US$ Million)

    Table 23. Rest of Europe Braking Resistor Market, By End-User – Revenue and Forecast to 2027 (US$ Million)

    Table 24. APAC Braking Resistor Market, By Resistant Element Type– Revenue and Forecast to 2027 (US$ Million)

    Table 25. APAC Braking Resistor Market, By End-User– Revenue and Forecast to 2027 (US$ Million)

    Table 26. Australia Braking Resistor Market, By Resistant Element Type– Revenue and Forecast to 2027 (US$ Million)

    Table 27. Australia Braking Resistor Market, By End-User – Revenue and Forecast to 2027 (US$ Million)

    Table 28. China Braking Resistor Market, By Resistant Element Type– Revenue and Forecast to 2027 (US$ Million)

    Table 29. China Braking Resistor Market, By End-User – Revenue and Forecast to 2027 (US$ Million)

    Table 30. India Braking Resistor Market, By Resistant Element Type– Revenue and Forecast to 2027 (US$ Million)

    Table 31. India Braking Resistor Market, By End-User – Revenue and Forecast to 2027 (US$ Million)

    Table 32. Japan Braking Resistor Market, By Resistant Element Type– Revenue and Forecast to 2027 (US$ Million)

    Table 33. Japan Braking Resistor Market, By End-User – Revenue and Forecast to 2027 (US$ Million)

    Table 34. South Korea Braking Resistor Market, By Resistant Element Type– Revenue and Forecast to 2027 (US$ Million)

    Table 35. South Korea Braking Resistor Market, By End-User – Revenue and Forecast to 2027 (US$ Million)

    Table 36. Rest of APAC Braking Resistor Market, By Resistant Element Type– Revenue and Forecast to 2027 (US$ Million)

    Table 37. Rest of APAC Braking Resistor Market, By End-User – Revenue and Forecast to 2027 (US$ Million)

    Table 38. MEA Braking Resistor Market, By Resistant Element Type– Revenue and Forecast to 2027 (US$ Million)

    Table 39. MEA Braking Resistor Market, By End-User – Revenue and Forecast to 2027 (US$ Million)

    Table 40. South Africa Braking Resistor Market, By Resistant Element Type– Revenue and Forecast to 2027 (US$ Million)

    Table 41. South Africa Braking Resistor Market, By End-User – Revenue and Forecast to 2027 (US$ Million)

    Table 42. Saudi Arabia Braking Resistor Market, By Resistant Element Type– Revenue and Forecast to 2027 (US$ Million)

    Table 43. Saudi Arabia Braking Resistor Market, By End-User – Revenue and Forecast to 2027 (US$ Million)

    Table 44. UAE Braking Resistor Market, By Resistant Element Type– Revenue and Forecast to 2027 (US$ Million)

    Table 45. UAE Braking Resistor Market, By End-User – Revenue and Forecast to 2027 (US$ Million)

    Table 46. Rest of MEA Braking Resistor Market, By Resistant Element Type– Revenue and Forecast to 2027 (US$ Million)

    Table 47. Rest of MEA Braking Resistor Market, By End-User – Revenue and Forecast to 2027 (US$ Million)

    Table 48. SAM Braking Resistor Market, By Resistant Element Type– Revenue and Forecast to 2027 (US$ Million)

    Table 49. SAM Braking Resistor Market, By End-User – Revenue and Forecast to 2027 (US$ Million)

    Table 50. Brazil Braking Resistor Market, By Resistant Element Type– Revenue and Forecast to 2027 (US$ Million)

    Table 51. Brazil Braking Resistor Market, By End-User – Revenue and Forecast to 2027 (US$ Million)

    Table 52. Argentina Braking Resistor Market, By Resistant Element Type– Revenue and Forecast to 2027 (US$ Million)

    Table 53. Argentina Braking Resistor Market, By End-User – Revenue and Forecast to 2027 (US$ Million)

    Table 54. Rest of SAM Braking Resistor Market, By Resistant Element Type– Revenue and Forecast to 2027 (US$ Million)

    Table 55. Rest of SAM Braking Resistor Market, By End-User – Revenue and Forecast to 2027 (US$ Million)

    LIST OF FIGURES

    Figure 1. Braking Resistors Market Segmentation

    Figure 2. Braking Resistors Market Segmentation – By Geography

    Figure 3. Global Braking Resistors Market - Geographical Analysis

    Figure 4. Global Braking Resistors Market - Market Overview

    Figure 5. Global Braking Resistors Market by Resistor Element Type

    Figure 6. Braking Resistors Market by End User

    Figure 7. Braking Resistors Market by Geography

    Figure 8. North America: PEST Analysis

    Figure 9. Europe: PEST Analysis

    Figure 10. APAC: PEST Analysis

    Figure 11. MEA: PEST Analysis

    Figure 12. SAM: PEST Analysis

    Figure 13. Ecosystem Analysis

    Figure 14. Expert Opinion

    Figure 15. Braking Resistor Market Impact Analysis of Drivers and Restraints

    Figure 16. Geographic Overview of Braking Resistor Market Revenue

    Figure 17. Global: Braking Resistor Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 18. Global Braking Resistor Market Breakdown, Resistor Element Type, 2019 & 2027 (%)

    Figure 19. Global Wire-Wound Market Revenue and Forecast to 2027 (US$ Mn)

    Figure 20. Global Edge-Wound Market Revenue and Forecast to 2027 (US$ Mn)

    Figure 21. Global Stamped Grid Market Revenue and Forecast to 2027 (US$ Mn)

    Figure 22. Global Others Market Revenue and Forecast to 2027 (US$ Mn)

    Figure 23. Global Braking Resistor Market Breakdown, End-User, 2019 & 2027 (%)

    Figure 24. Global Oil and Gas Market Revenue and Forecast to 2027 (US$ Mn)

    Figure 25. Global Mining Market Revenue and Forecast to 2027 (US$ Mn)

    Figure 26. Global Marine Market Revenue and Forecast to 2027 (US$ Mn)

    Figure 27. Global Automobile and Railways Market Revenue and Forecast to 2027 (US$ Mn)

    Figure 28. Global Energy Market Revenue and Forecast to 2027 (US$ Mn)

    Figure 29. Global Others Market Revenue and Forecast to 2027 (US$ Mn)

    Figure 30. Global Braking Resistor Market Revenue Share, By Region (2019 and 2027)

    Figure 31. North America: Braking Resistor Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 32. North America Braking Resistor Market Revenue Share, By Resistor Element Type (2019 and 2027)

    Figure 33. North America Braking Resistor Market Revenue Share, By End-User (2019 and 2027)

    Figure 34. North America Braking Resistor Market Revenue Share, By Country (2019 and 2027)

    Figure 35. US: Braking Resistor Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 36. Canada: Braking Resistor Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 37. Mexico: Braking Resistor Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 38. Europe: Braking Resistor Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 39. Europe: Braking Resistor Market Revenue Share, By Resistant Element Type (2019 and 2027)

    Figure 40. Europe: Braking Resistor Market Revenue Share, By End-User (2019 and 2027)

    Figure 41. Europe: Braking Resistor Market Revenue Share, By Country (2019 and 2027)

    Figure 42. Germany: Braking Resistor Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 43. France: Braking Resistor Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 44. Italy: Braking Resistor Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 45. UK: Braking Resistor Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 46. Russia: Braking Resistor Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 47. Rest of Europe: Braking Resistor Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 48. APAC: Braking Resistor Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 49. APAC: Braking Resistor Market Revenue Share, By Resistant Element Type (2019 and 2027)

    Figure 50. APAC: Braking Resistor Market Revenue Share, By End-User (2019 and 2027)

    Figure 51. APAC: Braking Resistor Market Revenue Share, By Country (2019 and 2027)

    Figure 52. Australia: Braking Resistor Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 53. China: Braking Resistor Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 54. India: Braking Resistor Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 55. Japan: Braking Resistor Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 56. South Korea: Braking Resistor Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 57. Rest of APAC: Braking Resistor Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 58. MEA: Braking Resistor Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 59. MEA: Braking Resistor Market Revenue Share, By Resistant Element Type (2019 and 2027)

    Figure 60. MEA: Braking Resistor Market Revenue Share, By End-User (2019 and 2027)

    Figure 61. MEA: Braking Resistor Market Revenue Share, By Country (2019 and 2027)

    Figure 62. South Africa: Braking Resistor Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 63. Saudi Arabia: Braking Resistor Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 64. UAE: Braking Resistor Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 65. Rest of MEA: Braking Resistor Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 66. SAM: Braking Resistor Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 67. SAM: Braking Resistor Market Revenue Share, By Resistant Element Type (2019 and 2027)

    Figure 68. SAM: Braking Resistor Market Revenue Share, By End-User (2019 and 2027)

    Figure 69. SAM: Braking Resistor Market Revenue Share, By Country (2019 and 2027)

    Figure 70. Brazil: Braking Resistor Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 71. Argentina: Braking Resistor Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 72. Rest of SAM: Braking Resistor Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 73. Impact of COVID-19 Pandemic in North American Country Markets

    Figure 74. Impact of COVID-19 Pandemic in Europe Country Markets

    Figure 75. Impact of COVID-19 Pandemic in Asia Pacific Country Markets

    Figure 76. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets

    Figure 77. Impact of COVID-19 Pandemic in South America Country Markets


    The List of Companies - Braking Resistor Market

    1. ABB Ltd.
    2. Bonitron
    3. Captech Pty Ltd.
    4. CRESSALL RESISTORS LTD.
    5. REO AG
    6. Sandvik AB(Kanthal)
    7. Schneider Electric
    8. Toshiba International Corporation
    9. Vishay Intertechnology, Inc.
    10. Yaskawa Electric Corporation
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    Frequently Asked Questions

    The major players in the automotive sector are focusing on investing in the production of electric vehicles. Recently, remarkable collaborations have been undertaken between automakers and tech companies to develop technologically advanced electric vehicles. The electric vehicles use regenerative braking, which recovers energy lost during braking and sends it back to the battery,. As an alternative, it is beneficial to use a braking resistor to discharge the excess energy produced. These resistors are useful in case of any electrical fault, as well as to reduce the servicing costs due to diminished wear on the friction braking system. Moreover, the energy dissipated during dynamic braking into the resistor is also being used to heat the vehicle's trailer or cabin; therefore, decreasing the requirement for electrical heating that places an extra load on the battery
    Infrastructure-driven growth in countries such as China has resulted in high economic growth and increased the demand for commodities such as iron ore, coal, manganese, cobalt, and copper. The exploration activities for necessary minerals and metals are vital for the overall growth of the mining industry. For instance, gold mines in South Africa, Russia, Indonesia, the US, and other countries are expected to draw attention for more mining activities. Similarly, China and South Africa are the major countries known for a significant number of iron ore production sites. To continue with mining activities, appropriate equipment will be necessary for greater productivity while ensuring a low risk of fatalities. The application of cranes, heavy mining machines, conveyors, and mining shaft elevators, among others, plays a vital role in handling the overall operation in the mines efficiently is anticipated to offer ample growth opportunities for the global braking resistor market players.
    The braking resistor market is led by automotive and railway segment with highest share and is expected to dominate in the forecast period. Several manufacturers worldwide are involved in developing different models of vehicles, which demands the integration of braking resistors. Furthermore, the development of electric vehicles and autonomous vehicles globally, is one of the major driving factors for the braking resistor market. Similarly, rising investments to develop electric trains in different countries across the globe is also boosting the demand of braking resistor. Thus, the growth of the automotive and railways industry is likely to drive the braking resistor market.

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