What is Global Shunt Resistor Market?
The Global Shunt Resistor Market is a vast and dynamic sector that plays a crucial role in the world economy. Shunt resistors are low-resistance devices used in measuring electric current. They function by creating a low-resistance path for electric current, allowing for accurate measurement. The global market for these essential components is substantial, with a value of US$ 1146.8 million in 2023. The market is projected to grow, reaching an estimated value of US$ 1423.1 million by 2030. This growth is driven by various factors, including technological advancements, increased demand in various industries, and the development of more efficient and cost-effective shunt resistors. The market is also influenced by the activities of the top manufacturers, who collectively hold over 53% of the market share. China, as the largest producer of shunt resistors, holds a significant influence over the market, contributing over 52% of the total production.

Below 100A, 100 to 400A, 400 to 750A, 750 to 1000A in the Global Shunt Resistor Market:
The Global Shunt Resistor Market is segmented based on the rated current of the resistors. These segments include Below 100A, 100 to 400A, 400 to 750A, and 750 to 1000A. Each segment has its unique characteristics and applications. The Below 100A segment includes shunt resistors that are used in low-current applications. These resistors are typically used in devices that require precise current measurement. The 100 to 400A segment includes resistors that are used in medium-current applications. These resistors are commonly used in industrial and commercial settings where accurate current measurement is essential. The 400 to 750A segment is the largest segment in the market, accounting for over 26% of the total market share. These resistors are used in high-current applications, such as in the automotive and electronics industries. The 750 to 1000A segment includes resistors that are used in very high-current applications. These resistors are typically used in heavy-duty industrial applications where high levels of current need to be measured accurately.
Automotive, Ammeter, Communication, Consumer Electronics, Others in the Global Shunt Resistor Market:
Shunt resistors are used in various areas, including Automotive, Ammeter, Communication, Consumer Electronics, and others. In the automotive industry, shunt resistors are used in electric vehicles and hybrid electric vehicles to measure the current flowing through the battery. They are also used in various electronic systems in vehicles, such as anti-lock braking systems and power steering systems. In ammeters, shunt resistors are used to measure the current flowing through a circuit. In the communication industry, they are used in various devices, such as routers and switches, to measure the current flowing through the device. In consumer electronics, shunt resistors are used in various devices, such as smartphones and laptops, to measure the current flowing through the device. Other applications of shunt resistors include power supplies, solar power systems, and wind power systems.
Global Shunt Resistor Market Outlook:
The Global Shunt Resistor Market outlook is promising, with a projected growth rate of 3.0% during the forecast period from 2024 to 2030. The market was valued at US$ 1146.8 million in 2023 and is expected to reach US$ 1423.1 million by 2030. This growth is driven by various factors, including technological advancements, increased demand in various industries, and the development of more efficient and cost-effective shunt resistors. The market is dominated by the top five manufacturers, who collectively hold over 53% of the market share. China, as the largest producer of shunt resistors, holds a significant influence over the market, contributing over 52% of the total production. In terms of product rated current, the 400 to 750A segment is the largest, accounting for over 26% of the total market share. In terms of application, the automotive industry is the largest consumer of shunt resistors, accounting for over 26% of the total market share.
Report Metric | Details |
Report Name | Shunt Resistor Market |
Accounted market size in 2023 | US$ 1146.8 million |
Forecasted market size in 2030 | US$ 1423.1 million |
CAGR | 3.0% |
Base Year | 2023 |
Forecasted years | 2024 - 2030 |
Segment by Type |
|
Segment by Application |
|
Production by Region |
|
Consumption by Region |
|
By Company | Rohm Semiconductor, Yageo, Murata, Vishay, Delta Electronics (Cyntec), Isabellenhütte, Walsin, Viking Tech, KOA Corporation, Cbeureka, Ohmite, TT Electronics, MEGATRON Elektronik, Token Electronics, Bourns |
Forecast units | USD million in value |
Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |