The Global Thick Film Resistor Market is expected to reach $671.18 million by 2026 growing at a CAGR of 6.5% from 2018 to 2026 as per the latest report from ResearchandMarkets.com
Thick film resistor is one of the fixed resistors; these resistors are characterized by the amount of resistive layer deposited on its ceramic base. A resistor is a passive two-terminal electrical component that implements electrical resistance as a circuit element. In electronic circuits, resistors are used to reduce current flow, adjust signal levels, to divide voltages, bias active elements, and terminate transmission lines, among other uses.
Rising demand for high performance electrical and electronic products and adoption of 4G networks are fuelling the market growth. However factors such as falling commodity prices and reduced profit margins are hampering the market growth.
Based on Type, the Shunt Resistor accounted the considerable market share during the forecast period. Generally, shunt resistors are low resistance precision resistors used to measure AC or DC electrical currents by the voltage drop those currents create across the resistance. .
Electrical products such as energy meters, smart meters, LED controls, battery chargers, and industrial machinery are some electrical devices where shunt resistors are widely required to measure the current flow. As shunt resistors provide higher reliability, accuracy, and performance while measuring the current flow, these would be an appropriate component to satisfy the requirement.
The report further identifies the key market players such as, Yageo, KOA Corporation, ROHM Semiconductor, TT Electroncs, Panasonic, Vishay, TE Connectivity, Viking Tech Corporation, Bourns, Murata, Ralec, Amc Technologies, Riedon, Nic Components, Cal-Chip Electronics
Further information on the report: Click Here