Shunt Resistor Market Size 2023-2029
The global Shunt Resistor market was valued at US$ 1180 million in 2022 and is projected to reach US$ 1433.9 million by 2029, at a CAGR of 2.8% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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A shunt (shunt resistor or ammeter shunt) is a high precision resistor that can be used to measure the current flowing through a circuit. An ammeter shunt is a very low resistance connection between two points in a circuit that forms an alternate path for a portion of the current.
A shunt resistor is an electrical component that is used to measure the current flowing through a circuit. It is a low resistance resistor that is placed in parallel with a device or circuit under test, allowing a small portion of the current to flow through the shunt resistor. By measuring the voltage drop across the shunt resistor, the current flowing through the circuit can be accurately calculated using Ohm’s law. Shunt resistors are commonly used in applications such as power supplies, battery management systems, and motor control circuits.
Total Market by Segment:
Global Shunt Resistor Market, by Current Rating, 2018-2023, 2024-2029 ($ Millions) & (M Units)
Global Shunt Resistor Market Segment Percentages, by Current Rating, 2022 (%)
Below 100A
100 to 400A
400 to 750A
750 to 1000A
Further, the report presents profiles of competitors in the market, key players include:
Rohm Semiconductor
Yageo
Murata
Vishay
Delta Electronics (Cyntec)
Isabellenhütte
Walsin
Viking Tech
KOA Corporation
Cbeureka
Ohmite
TT Electronics
MEGATRON Elektronik
Token Electronics
Bourns
TE Connectivity
Panasonic Corporation