North America $3.3 Bn Braking Resistors Market Forecast 2021-2027 - Rising Trends Toward EVs is Boosting the Demand for Braking Resistor - ResearchAndMarkets.com

·5 min read

The "North America Braking Resistors Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Resistor Element Type and End User" report has been added to ResearchAndMarkets.com's offering.

Wire-Wound Segment to Dominate North America Braking Resistors Market during 2019-2027

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

The report provides trends prevailing in the North America braking resistors market along with the drivers and restraints pertaining to the market growth. New energy and power projects witnessing investment rise is the major factor driving the growth of the North America braking resistors market. However, issues associated with excessive motor heating hinders the growth of North America braking resistors market.

The North America baking resistors market is segmented based on resistors element type and end-user. Based on resistors element type, the North America braking resistors market is segmented into wire-wound, edge-wound, stamped grid, and others. Wire-wound segment held the largest market share of North America braking resistors market in 2019. Based on end-user, the North America braking resistors market is segmented into oil and gas, mining, marine, automobile and railway, and others. Automobile and railway segment held the largest market share of North America braking resistors market in 2019.

North America is adversely affected by the COVID-19 outbreak. The US is the worst-hit country in North America. The continuous growth in the number of confirmed cases has led the government to impose lockdown across the nation's borders. Majority of the manufacturing plants are closed.

Municipalities are functioning slowly as compared to past; also, the electronic & semiconductor and automotive industries are at a halt, which is hindering the braking resistors market. In terms of patient count and death toll, Canada and Mexico are still at a nascent stage than the US.

The outbreak would have a limited short-term impact on the market in the coming months. The short-term effect of the crisis would not affect the recovery of overall sales in the electronics & semiconductor industry in the next few quarters owing to the mounting requirement of fuel-efficient vehicles by various companies in the region.

ABB; Bonitron, Inc; REO AG; Sandvik AB; Schneider Electric; Toshiba International Corporation; Vishay Intertechnology, Inc.; Yaskawa Electric Corporation are among the leading companies in the North America braking resistors market.

The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.

For instance, in 2020, REO had launched high power brake resistors with its new REOHM series 155 braking resistors for industrial control cabinets. The product delivers up to 3500 W of continuous power to drives with medium and high power frequency converters, with isolation voltages to 4.4 kV, in a compact design, which helps the product to overcome the problems related to electrical braking resistors.

Key Topics Covered:

1. Introduction

1.1 Study Scope

1.2 Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

4. North America Braking Resistor Market Landscape

4.1 Market Overview

4.2 North America PEST Analysis

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. North America Braking Resistor -Market Dynamics

5.1 Market Drivers

5.1.1 New Energy & Power Projects Witnessing Investment Rise

5.1.2 Rising Trends Toward EVs is Boosting the Demand for Braking Resistor

5.2 Market Restraints

5.2.1 Issues Regarding the Excessive Motor Heating

5.3 Market Opportunities

5.3.1 Growing Mining Sector

5.4 Market Trends

5.4.1 Rising Acceptance of Smart Grids

5.5 Impact Analysis of Drivers and Restraints

6. Braking Resistor Market - North America Analysis

6.1 North America Braking Resistors Market Overview

6.2 North America Braking Resistor Market - Revenue and Forecast to 2027 (US$ Million)

6.3 Market Positioning - Market Players Ranking

7. North America Braking Resistor Market Analysis - By Resistor Element Type

7.1 Overview

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

7.3 Wire-wound

7.4 Edge-Wound

7.5 Stamped Grid

8. North America Braking Resistor Market Analysis - By End-User

8.1 Overview

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

8.3 Oil and Gas

8.4 Mining

8.5 Marine

8.6 Automobile and Railways

8.7 Energy

9. North America Braking Resistor Market - Country Analysis

10. North America Braking Resistor Market- COVID-19 Impact Analysis

10.1 North 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 Key Facts

12.2 Business Description

12.3 Products and Services

12.4 Financial Overview

12.5 SWOT Analysis

12.6 Key Developments

  • ABB

  • Bonitron, Inc

  • REO AG

  • Sandvik AB

  • Schneider Electric

  • Toshiba International Corporation

  • Vishay Intertechnology, Inc.

  • Yaskawa Electric Corporation

For more information about this report visit https://www.researchandmarkets.com/r/qapfwx

View source version on businesswire.com: https://www.businesswire.com/news/home/20210304005421/en/

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900