Variable Resistor Market
Variable Resistor Market - Global Industry Analysis and Opportunity Assessment 2021 - 2031
Variable Resistor Market Segmented By Potentiometers, Rheostats, Thermistors Type
Variable Resistor Market to Grow by More than 9% CAGR
The variable resistor market is projected to grow at an expected CAGR of 9.5% during the forecast period 2021-2031. A variable resistor is a basically a type of resistor, in which the value of electric resistance can be adjusted. The resistor is an electro-mechanical transducer and works by sliding a wiper over a resistive element.
This resistor can be used as a divider by utilizing three terminals and that is known as a potentiometer. When two terminals are used, it starts functioning as a variable resistance and is known as a rheostat resistor. The variable resistors can be controlled electronically. There is no requirement of mechanical action.
These resistors are known as digital potentiometers. The ohmic resistance vale of these resistors can be adjusted, either electronically (digital potentiometer) or mechanically (potentiometer, rheostat). These resistors are also known for limiting the passage of electrical current. Due to the growing demand for electronic devices, the variable resistors market is growing at a very fast pace.
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What is Driving Demand for Variable Resistor?
Variable resistors are playing an important role as an integral components of all types of electronic devices. A protection is provided to electronic devices with the help of variable resistors by resisting flow of excess voltage or power. There is an increase in the demand of electronic devices, such as computing devices, mobile phones and automation devices.
This in turn is positively impacting variable resistors’ application in those devices and further driving the demand of variable resistor globally.
These resistors can be found in various applications in daily life like radio, light dimmer, fan speed controller, lightening bulb, street lighting and others. Potentiometer resistors are used in home electronic appliances for controlling volume level or speed. Such benefits of these resistors are continuously helping the market to grow.
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What are the Key Trends for Variable Resistor?
The demand for variable resistors is growing at a high rate in consumer electronics industry. The industry is moving towards the adoption of variable resistors for cost-effective and more efficient power supplies. The demand for these resistors is also rising because of their use in many applications such as in electric motors, electronic circuits and others. Such trends will help the variable resistor market to grow in upcoming years.
In addition, the growth of industrial verticals such as food & beverage manufacturing and wastewater management is also fueling the integration of these resistors in many automation components of these industries. At the back of these factors, the variable resistors market is anticipate to grow at a significant rate during the forecast period.
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East Asia Demand Outlook for Variable Resistor
East Asia region has majority of the key vendors of variable resistor solutions. This is one of the major factor driving the market growth of these resistors in this region. All the major companies in consumer electronics industry are moving towards the adoption of variable resistors solutions for more efficient power supplies.
The growing demand for electronic devices in the region is further opening new growth avenues for variable resistors market. Most of the states in China and Japan are making strides and tops in the implementation of variable resistors solution.
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Europe Demand Outlook for Variable Resistor
Europe is expected to witness a high growth as the region is witnessing high demand of variable resistors. There is an increase in use of resistor technology by prominent companies for limiting the passage of electrical current in various applications, which will further fuel the growth of variable resistor market in the region.
There is a presence of a good number of small vendors in the region and this is leading to intense competitive rivalry in the market of variable resistors market. Due to such factors, the market of variable resistors solution will see many opportunities for growth in this region in upcoming years.
Who are the Key Variable Resistor Vendors?
Some of the leading vendors of variable resistor include
- BEI Sensors
- Dart Controls Inc.
- State Electronics Inc.
- TE Connectivity Ltd.
- Vishay Intertechnology Inc.
- Novotechnik U.S. Inc.
- Hokuriku Electric Industry Co. Ltd.
- SRT Resistor Technology
- Eisenmann Thermal Solutions GmbH & Co. KG
- Bourns Inc.
These players are focusing on expanding and deploying new lineup of variable resistor solutions to meet rising demands from various end-user industries.
- Aerospace & defense
- Consumer Electronics
- 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.
Variable 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.