Current Sampling Resistance Market Size and CAGR by 2031
The current sampling resistance market size is projected to reach US$ 3554.99 million by 2031 from US$ 2317.13 million in 2023. The market is expected to register a CAGR of 5.5% during 2023–2031. Increasing miniaturization and high precision are likely to remain a key trend in the market.
Current Sampling Resistance Market Analysis
The use of high-density mounting resistors in several applications is expected to increase speed as the practice of greater performance in a smaller area has become increasingly essential. The resistors of 01005-inch sizes (0.0160.08 inch) are being utilized in smartphones and wearable devices. Filletless mounting, which provides fine-pitch mounting, and via-in-pad, in which holes are created on the component pad to eliminate patterns on the surface layer, has enhanced mounting density in several applications. Thus, companies are creating high-density mounted resistors to meet the need.
Current Sampling Resistance Market Overview
The material's current sampling resistance is the obstruction caused by the material's flow of the current or charge through the material. The higher the resistance, the lower the amount of current passing through it. It is the property of a material that informs us about the flow of the current through the material. The substances that easily conduct the electric current are called conductors, and they have very low electrical resistance; on the contrary, the substance that does not easily conducts the electric current are called insulators and they have very high resistance.
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Current Sampling Resistance Market: Strategic Insights
Market Size Value in US$ 2,145.42 Million in 2021 Market Size Value by US$ 3,124.36 Million by 2028 Growth rate CAGR of 5.5% from 2021-2028 Forecast Period 2021-2028 Base Year 2021
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Current Sampling Resistance Market: Strategic Insights
| Market Size Value in | US$ 2,145.42 Million in 2021 |
| Market Size Value by | US$ 3,124.36 Million by 2028 |
| Growth rate | CAGR of 5.5% from 2021-2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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Current Sampling Resistance Market Drivers and Opportunities
Increasing adoption of electric cars globally
With the increasing adoption of electric cars, the market is growing as various players are launching electric cars. For instance, Electrical resistance is the obstruction offered by the material in the flow of the current or charge through the material. Also, The US electric vehicle assembly amounts to ~2.3 million electric vehicles, compared to 18 million outside the US. According to the same report, electric vehicles will represent ~10% of global light-duty electric vehicle production in 2025. Therefore, the increasing pen adoption of electric cars globally is driving the current sampling resistance market.
Increasing adoption of renewable energy
Rising investment in smart grid and renewable energy is anticipated to hold several opportunities for the switchgear market. In smart grid operation, automated switchgear operation is preferred over conventional operation. An automated substation, wherein all operations are automated, is more efficient and requires less manpower. Further, governments of various economies are investing in the smart grid technology. For instance, in 2022, Japan announced a financing program of US$155 billion to spur investment in smart grids. That same year, in India, the government established a US$38-billion scheme to help power distribution companies and improve distribution infrastructure. Thus, the increasing adoption of renewable energy is creating more opportunities for the market.
Current Sampling Resistance Market Report Segmentation Analysis
Key segments that contributed to the derivation of the current sampling resistance market analysis are type and application.
- Based on the type, the current sampling resistance market is divided into thick film, thin film, and metal plate. The customized segment held a larger market share in 2023.
- By installation, the market is segmented into surface-mounted, hanging, and recessed/side wall-mounted. The surface-mounted segment held a larger market share in 2023.
- By type, the market is segmented into LED lighting, incandescent lighting, fluorescent lighting, and others.
- By application, the market is segmented into consumer devices, industrial, telecommunication, automotive, and other applications.
Current Sampling Resistance Market Share Analysis by Geography
The geographic scope of the current sampling resistance market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
APAC dominates the current sampling resistance market. The current sampling resistance market in this region is growing due to various factors, such as increasing government initiatives to improve the condition of electric cars and the presence of well-established players. Metal plate chip low resistance resistors with extremely low parasitic inductance and high accuracy current sensing are available from various manufacturers. Furthermore, resistor reduction is nearing its limit, and modularization is likely to expand across all kinds of equipment in the future.
Current Sampling Resistance Market Report Scope
Current Sampling Resistance Market News and Recent Developments
The current sampling resistance market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the current sampling resistance market are listed below:
- TT Electronics, a global manufacturer of electronic components for performance-critical applications, introduced its metal foil chip (MFC) resistors. The MFC series utilizes metal foil on ceramic technology, which utilizes the heat-spreading properties of a ceramic substrate with the surge tolerance of a bulk metal alloy resistance element. (Source: TT Electronics, Press Release, November 2020)
- ROHM announced the availability of shunt resistors, GMR50 series, providing industry-leading 4 W rated power (at electrode temperature TK = 90°C) in the compact 5.0 mm 2.5 mm (2010 type package). It is suitable for current detection in motors and power supply circuits employed in automotive systems and industrial equipment. (Source: ROHM, Press Release, February 2020)
Current Sampling Resistance Market Report Coverage and Deliverables
The “Current Sampling Resistance Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Current sampling resistance market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Current sampling resistance market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- current sampling resistance market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the current sampling resistance market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The expected CAGR of the global current sampling resistance market is 5.5%.
The global current sampling resistance market is expected to reach US$ 3554.99 million by 2031.
Increasing miniaturization and high precision are anticipated to play a significant role in the global current sampling resistance market in the coming years.
The key players holding majority shares in the global current sampling resistance market are 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., and Walter Electronic Co.Ltd.
The increasing adoption of electric cars globally and the increasing adoption of renewable energy are the major factors that propel the global current sampling resistance market.
APAC dominates the current sampling resistance market.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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