Europe Current Sampling Resistance Market Analysis and Opportunities by 2028

The Europe current sampling resistance market is expected to grow from US$ 542.58 million in 2021 to US$ 750.78 million by 2028; it is estimated to grow at a CAGR of 4.7% from 2021 to 2028.

The UK, Germany, France, Italy, and Russia are major economies in Europe. Rising prevalence’s of electric cars is expected to surge the market growth. Electric vehicle adoption is increasing as a result of a combination of legislative support, battery technology and cost advancements, charging infrastructure, and new attractive models from automakers. Electrification is expanding to new areas of road transportation, paving the way for major changes in the near future. After a decade of fast expansion, the electric car stock reached ten million units in 2020, a 43% increase over 2019 and a 1% stock share. In 2020, two-third of new electric car registrations and two-thirds of the stock were battery electric vehicles (BEVs). As these resistors are used in various functions, such as body areas & cabin controls, lighting supplies, and engine management & ignition systems, the automotive manufacturers have paved the way for electronic component vendors as a result of the increasing adoption of electric vehicles across the region. Companies are developing customized resistors for automotive applications in response to rising demand. For example, Viking Tech Corporation produces thin-film resistors that are excellent for automotive applications including engine management, headlight control, and acceleration skid control, among others. Hence, with the promising future of electric cars, demand for current detecting resistors is projected to increase during the forecast period across Europe region.

In case of COVID-19, Europe is highly affected specially the UK. In Europe, the COVID-19 pandemic has a different impact on different countries, as only selective countries have witnessed the rise in the number of cases and subsequently attracted strict, as well as prolonged, lockdown periods or social isolation norms. However, Western European countries such as Germany, France, Russia, and the UK have seen a comparatively modest decrease in their growth activities because of their strong healthcare systems. These countries have been investing significantly to make the diagnosis and treatment of the disease more effective and less time-consuming. Despite the fact that Europe is in a state of emergency, many nations are beginning to see the light at the end of the tunnel. Traditional corporate frameworks have been swiftly replaced by more innovative business concepts. Despite the fact that everything is unlikely to return to normal very soon, the electronic industry is projected to rebound quickly.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe current sampling resistance market. The Europe current sampling resistance market is expected to grow at a good CAGR during the forecast period.

Europe Current Sampling Resistance Market Segmentation      

Europe Current Sampling Resistance Market – By Type

• Thick Film
• Thin Film
• Metal Plate

Europe Current Sampling Resistance Market – By Application

• Consumer Devices
• Industrial
• Telecommunication
• Automotive
• Other Applications

Europe Current Sampling Resistance Market, by Country

• Germany
• France
• Italy
• UK       
• Russia 
• Rest of Europe

Europe Current Sampling Resistance Market -Companies Mentioned

• Cyntec Co., Ltd.
• KOA Speer Electronics, Inc.
• Panasonic Corporation
• ROHM CO., LTD.
• Samsung Electro-Mechanics Co, Ltd.
• Susumu Co., Ltd    
• TT Electronics    
• Viking Tech Corporation
• Vishay Intertechnology, Inc.

Europe Current Sampling Resistance Report Scope