North America Braking Resistors Market Segments and Growth by 2027

Historic Data: 2017-2018 | Base Year: 2019 | Forecast Period: 2020-2027

North America Braking Resistors Market Forecast to 2027 - COVID-19 Impact and Regional 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)

Report Date : Feb 2021
Report Code : TIPRE00019064

Category : Electronics and Semiconductor
Status : Published

Available Report Formats :
No. of Pages : 116

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

The braking resistors market in North America is expected to grow from US$ 2,397.1 million in 2019 to US$ 3,310.3 million by 2027; it is estimated to grow at a CAGR of 4.5% from 2020 to 2027.

The US, Canada, and Mexico are major economies in North America. New energy and power projects witnessing investment rise is driving the North America braking resistors market in a positive way. 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 North America market of braking resistors. Renewable energy plays a significant role for offering access to electricity. Therefore, development in the energy & power sector upsurges the demand for power transmission projects that demand braking resistors for quickly stop or slow down the mechanical system by producing a braking torque to the electric motor. The growth in electrical infrastructure projects is driving the use of braking resistors among several energy & power projects. Coal-fired thermal power plants, wind power generation through turbines, and nuclear power plants dominate the energy generation sector. However, the demand for braking resistors is high among the power plants as kinetic energy is transformed back into electrical energy. Thus, braking resistors are used to decelerate or slow down an electric motor and the excessive energy generated is dissipated by using these resistors. Owing to the continuous rise in demand for power generation, nuclear facility operators are focusing on increasing their production capacities or growing the number of production plants. Increasing investments in the energy & power sector by the governments across North America are expected to boost the growth of the braking resistors market. With the rise in number of nuclear power plants starting their operations, the demand for braking resistors is anticipated to increase, thereby driving the market.

North America is adversely affected by the COVID-19 pandemic. The US is the worst-hit country in North America, with infected individuals facing severe health conditions across the country. The continuous growth of infected individuals has led the government to impose lockdown across the nation’s borders. Majority of the manufacturing plants are shut down, municipalities are functioning slowly as compared to past, and the electronic & semiconductor and automotive industries are at a halt, which is negatively impacting the braking resistors market. In terms of patient count and death toll, Canada and Mexico are still at a nascent stage in comparison to the US. However, the manufacturing plants and several other businesses are functioning slowly, which is negatively impacting on the braking resistors market. The coronavirus outbreak will have a limited short-term impact on the market. The short-term effect of coronavirus would not affect the recovery of overall sales in the electronics and semiconductor industry in 2020; this is mainly because of the mounting requirement of fuel-efficient vehicles by various companies in the region.

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 North America braking resistors market. The North America braking resistors market is expected to grow at a good CAGR during the forecast period.

This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

North America Braking Resistors Market Segmentation

North America Braking Resistors Market – By Resistor Element Type

Wire-wound
Edge-wound
Stamped Grid
Others

North America Braking Resistors Market – By End User

Oil and Gas
Mining, Marine
Automobile and Railway
Energy
Others

North America Braking Resistors Market, by Country

US
Canada
Mexico

North America Braking Resistors Market - Companies Mentioned

ABB
Bonitron, Inc
REO AG
Sandvik AB
Schneider Electric
Toshiba International Corporation
Vishay Intertechnology, Inc.
Yaskawa Electric Corporation

North America Braking Resistors Report Scope

Report Attribute	Details
Market size in 2019	US$ 2,397.1 Million
Market Size by 2027	US$ 3,310.3 Million
Global CAGR (2020 - 2027)	4.5%
Historical Data	2017-2018
Forecast period	2020-2027
Segments Covered	By Resistor Element Type Wire-wound Edge-wound Stamped Grid By End User Oil and Gas Mining Marine Automobile and Railway Energy
Regions and Countries Covered	North America US Canada Mexico
Market leaders and key company profiles	ABB Bonitron, Inc REO AG Sandvik AB Schneider Electric Toshiba International Corporation Vishay Intertechnology, Inc. Yaskawa Electric Corporation

Research Manager

Naveen Chittaragi

Associate Vice President,
Market Research & Consulting

Naveen is an experienced market research and consulting professional with over 9 years of expertise across custom, syndicated, and consulting projects. Currently serving as Associate Vice President, he has successfully managed stakeholders across the project value chain and has authored over 100 research reports and 30+ consulting assignments. His work spans across industrial and government projects, contributing significantly to client success and data-driven decision-making.

Naveen holds an Engineering degree in Electronics & Communication from VTU, Karnataka, and an MBA in Marketing & Operations from Manipal University. He has been an active IEEE member for 9 years, participating in conferences, technical symposiums, and volunteering at both section and regional levels. Prior to his current role, he worked as an Associate Strategic Consultant at IndustryARC and as an Industrial Server Consultant at Hewlett Packard (HP Global).

What are the North America Braking Resistors Market report deliverables?

Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
PEST and SWOT Analysis
Market Size Value / Volume - Global, Regional, Country
Industry and Competitive Landscape
Excel Dataset

North America Braking Resistors Market Report Snapshots

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