A recent report ongoing study by
Infinium Global Research on the variable resistor market provides in-depth analysis
of segments and sub-segments in the global as well as regional variable
resistor market. The study also highlights the impact of drivers, restraints,
and macro indicators on the global and regional variable resistor market over
the short term as well as long term. The report is a comprehensive presentation
of trends, forecast and dollar values of the global variable resistor market.
According to the report, the global variable resistor market is projected to
grow at a healthy CAGR over the forecast period of 2021-2027.
A variable resistor is a resistor
through which the electric resistance value can be adjusted with its resistance
via a third terminal located between two terminals so that the obstruction to
the flow of current goes up and down. A variable resistor is in essence an
electro-mechanical transducer and normally works by sliding contact over a
resistive element. When a variable resistor is been used as a potential divider
by using 3 terminals it is called a potentiometer. When two terminals are been
used, it functions as a variable resistance which is called a rheostat.
Electronically controlled variable resistors exist, that can be controlled
electronically instead of by mechanical action. These resistors are called
digital potentiometers. Variable resistors are also found in many household
electronic products. Some of them include radios, speakers, microphones, TVs,
oscillators, smart home control devices, etc. The COVID-19 outbreak had a
significant impact on the global economy across the world. The outbreak of
COVID-19 has brought effects on many aspects by directly affecting production
activities and demand across various sectors, creating supply chain and
market disruption, and by its financial impact on firms and financial markets.
Due to the lockdown imposed by various governments, people were restricted to move
out of their houses in order to stop the spread of this infectious disease in
large numbers. Moreover, the ban on export activities and the shortage of raw
materials due to boundary closures have created interruptions in the production
of chip resistors, which has negatively impacted the market growth during the
pandemic period
The onset of the financial crisis
has led to a decline in production activities and has subsequently hampered market
growth. Macroeconomic conditions such as the global recession and economic
slowdown have adversely affected the market condition across the globe. The
leading market players are investing heavily in research and development
activities to improve the functionalities of wire-wound variable resistors. An
abundance of opportunities is drawing more vendors for investing in the
wire-wound variable resistors market. Fewer technology barriers, plenty of raw
materials, and low set-up costs have accelerated the production of these resistors
to drive market conditions. The growth of industry verticals such as food &
beverage manufacturing units and wastewater management is also driving the
integration of these resistors in many automation components of these industries
Among the regions, Asia Pacific
accounted for the largest share in the global Variable Resistor Market. Due to
the presence of several developing economic nations in this region. The
availability of cost-efficient labor and highly skilled in countries such as
India, Taiwan, and China is expected to boost the market growth. Moreover, an
abundance of raw materials and their availability at cost-effective rates have
led to large-scale offshore manufacturing of these resistors. However, the
European region is anticipated to grow at the highest rate in the global
Variable Resistor Market over the forecast period. The rising production of
consumer electronics can be attributed as a major reason for market expansion
in this region. Owing the presence of a good number of small vendors in the
region is leading to intense competitive rivalry in the market of variable
resistors market
The report on the global variable
resistor market covers segments such as type, end-user, and application. On the
basis of type, the sub-markets include potentiometers, rheostats,
photoresistors, force sensitive resistors, and humistors. On the basis of
end-user, the sub-markets include aerospace & defense, automotive,
industrial, consumer electronics, and others. On the basis of application, the
sub-markets include current sensors, potentiometers, and temperature sensors.
The report provides profiles of
the companies in the market such as BEI Sensors, Dart Controls, Inc, State
Electronics, Inc, TE Connectivity, Vishay Intertechnology, Inc, Novotechnik
U.S. Inc, Hokuriku Electric Industry Co. Ltd, SRT Resistor Technology, Eisenmann
Thermal Solutions GmbH & Co. KG, and Bourns, Inc.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of the variable resistor market. Moreover, the study highlights current
market trends and provides forecast from 2021-2027. We also have highlighted
future trends in the market that will affect the demand during the forecast
period. Moreover, the competitive analysis given in each regional market brings
an insight into the market share of the leading players.
Please Choose One of them.