Wirewound resistor is a type of passive electronic component, commonly used for the current sensing and circuit breakers. Wirewound resistors are made by wounding highly resistive wire around the non-conductive material or the core. Commonly, maganin or nicrome alloys are used to manufacture wounding wires whereas, ceramic and fiberglass materials are used to manufacture core. The diameter, alloy wire, pattern of wrapping of wirewound resistor is designed as per the requirement of resistance and its end use applications. Generally, the tolerance of a wire wound resistor is around five to ten percent and power rating is up to fifty watts. Major factor driving the growth of the global wirewound resistors market is increasing demand of wirewound resistors from electronic equipment manufacturing companies due to its high precision and power. However, the applications of wirewound resistors are limited to low frequency devices only, which may hamper the demand and restrain the growth of the global market over the forecast period.
The global wirewound resistors market has been segmented on the basis of product type, application, and region. On the basis of product type, the market is segmented into power resistor and precision resistor. On the basis of application, the market is bifurcated into computer hardware, communication equipments, medical electronic equipments, testing and measuring equipments, power equipments, military and aerospace instruments, and audio and video equipments.
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Based on the region the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to register a fastest growth rate in terms of revenue over the forecast period, due to the rising number of electronic component manufacturing companies, especially in Hong Kong, Taiwan, South Korea, Singapore, Malaysia, India and Japan. In addition, increasing demand of electronic devices and availability of labors in low cost, are expected to drive the growth of the global wirewound resistors market in the region. North America market is expected to account for a second-highest shares in terms of revenue in the near future, due to the increasing presence of electronic equipment manufacturers in the US and Canada in the region.
Key players operating in the global wirewound resistors market include 1-Source Electronic Components Inc., ADI American Distributors Inc., Cougar Electronics II Corporation, Jameco Electronics, Ltd., KRL/Bantry Components Inc., Mod-Tronic Instruments Limited, Novotechnik U.S., Inc., Ohmite Manufacturing Company, Inc., Taiwantrade VOLT SIGNAL ELECTRONICS CO., LTD, and Voltronics, Inc.