Braking Resistor Market
Braking Resistor Market - Global Industry Analysis and Opportunity Assessment 2021 - 2031
Braking Resistor Market Segmented By Wirewound, Edge-wound, Stamped Grid Resistor Element Type
Braking Resistor Market to Grow by More than 10% CAGR
The Braking Resistor market is projected to grow at an expected CAGR of 10.8% during the forecast period 2021-2031. Dynamic braking is a process, where resistors with dissipating heat property are used to slow down a system of mechanical. Such resistors are called braking resistors or dynamic braking resistors.
Kinetic energy is transformed into electrical energy for decelerating an electric motor. The energy is dissipated with the help of a power resistor. Dynamic braking can be regenerative and rheostatic. The energy is dissipated as heat in a resistor in rheostatic braking and the electric power is fed back in the system in regenerative braking.
Regenerative braking generally has a higher cost. These resistors are used for small motion systems and also for large constructions such as trams or trains. One of the big advantage of friction braking systems is faster deceleration and lower wear and tear. The demand of motor’s reliability, safety and durability are major factors driving the growth of the braking resistors market during the forecast period.
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What is Driving Demand for Braking Resistor?
The braking resistors provide higher reliability and require less service. This is one of the factor driving the growth of braking resistor market globally. These resistors are capable of stopping motor faster and dissipating more heat. This is further contributing to the demand of braking resistor market during the forecast period.
There is an increase in the use of trains for transportation due to rise in urbanization. Thus, trains will create many opportunities for the braking resistors market in the upcoming years.
As these resistors are designed with specifications like average braking power resistance and resistance, they are used for stopping or slowing down a mechanical system. Such advantages of braking resistors are continuously contributing to its market growth.
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What are the Key Trends for Braking Resistor?
Speed control has been very essential in elevators & lifts, cranes, wind turbines and electric locomotives. Braking resistors play an important role in controlling speed for these applications. There is a large amount of energy generated by electric trains while stopping or allowing down. In such scenarios, the system of dynamic braking is mainly used for brakes in an engine system of electric train. Such trends will help the braking resistor market to grow in future.
In-addition, kinetic energy is transformed into electric current at the traction motors of the engine in train braking. Under the car body of train in onboard series of braking resistors, that generated current is dissipated. At the back of these factors, the barking resistor market will grow at a significant rate during the forecast period.
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North America Outlook for Braking Resistor
Industries in the region such as automobile and railway and others are moving towards the adoption of braking resistors for safety, reliability and durability factors. The growing application of braking resistors in the energy industry has opened new growth opportunities for market.
The key factor for driving the braking resistors market in North America is the presence of major industry players. Also, mining and marine industries in the region are showing keen interest in adopting braking resistor solution. Such factors will drive the growth of braking resistors solution in North America.
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Europe Demand Outlook for Braking Resistor
Europe is expected to witness a high growth as the region is witnessing high demand of braking resistor solution for production of commercial and passenger vehicles. There is an increase in investment on advanced technologies in Europe, which is further fueling the growth of braking resistors market.
The automobile industry in the region is focusing on implementing the braking resistor solution to stable resistance, excellent power dissipation and shock-proofing. Due to such factors, the market of braking resistor will see many opportunities for growth in this region.
Who are the Key Braking Resistor Vendors?
Some of the leading vendors of braking resistor include
- Rockwell Automation Inc.
- ABB Ltd
- Schneider Electric S.E.
- Eaton Corporation
- YASKAWA Electric Corporation
- Cressall Resistors Limited
- Sandvik AB
- Danfoss A/S
- Toshiba International Corporation
- Vishay Intertechnology Inc.
- Transfab TMS
- Danotherm Electric A/S
- Bonitron Inc.
- OMRON Corporation
These companies are increasing their market share through strengthening customer relationships, innovation, smart hiring practices, and acquiring competitors.
By Resistor Element Type
- Stamped Grid
- Oil and Gas
- Automobile and Railway
- North America
- Latin America
- Rest of Latin America
- Rest of Europe
- East Asia
- South Korea
- South Asia & Pacific
- Australia & New Zealand
- Rest of South Asia & Pacific
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Braking Resistor Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.