Market Overview:
The global grounding resistor market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for high resistance grounding resistors in power plants and industrial applications. Additionally, the growing demand for ordinary grounding resistors in Asia Pacific and Middle East & Africa is also contributing to the growth of the global market. However, fluctuations in raw material prices may restrain the growth of this market during the forecast period. Based on type, ordinary grounding resistors are expected to account for a larger share of this market than high resistance grounding resistors during the forecast period. This can be attributed to their low cost and easy installation as compared with high resistance grounding resistors.
Product Definition:
A grounding resistor is a resistor that is connected between a piece of electronic equipment and the ground. This resistor helps to ensure that any electrical current that flows through the equipment will flow through the resistor as well, which helps to protect the equipment from damage. Grounding resistors are also used to help reduce interference in electronic systems.
Ordinary Grounding Resistor:
An ordinary grounding resistor is a type of electrical component that resist the electric current in order to protect the circuit from overcharging, short circuits and potential damage. It has two terminals; an insulated metal pin or stake which is inserted into the ground terminal and another end with a protective coating or guard which is connected to the circuit. The resistance offered by these devices protects electronic equipment such as computers, printers, modems from power surges and AC-powered noise disturbances caused by utility power lines.
High Resistance Grounding Resistor:
High-Resistance Grounding Resistor (HRGR) is a special type of grounding resistor used in the electrical networks that have high resistance. The network has low tolerance for fluctuating voltages and currents, which makes it more prone to damage by short circuits and overvoltage situations. In order to protect the circuit from such conditions, HRGR is used as a protective device that allows only limited current through its terminals when an excessive voltage is applied across them.
Application Insights:
The power plant application segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The resistors are used in power plants as they help reduce the risk of electric shocks by providing low resistance path when compared with other paths.
Industrial application segment is expected to be second fastest growing market for global grounding resistors, expanding at a CAGR of XX% from 2018 to 2030 owing to rising demand from manufacturing facilities, oil & gas installations and chemical plants among others. Industrial applications include oil & gas industry, utility industry (power generation), food processing industry and petrochemical industries among others where high insulation resistance is required due to hazardous environment or operations performed on equipment that involves high voltage electricity supply line such as turbines or motors connected with them respectively which requires extra protection against any kind of shock hazard during maintenance operations etcetera.
Regional Analysis:
North America accounted for the largest share of over 35% in 2017. The region is expected to continue its dominance over the forecast period as well. This can be attributed to growing demand for power plants and industrial applications in countries, such as Canada and Mexico. Moreover, increasing use of grounding resistors at data centers is also anticipated to drive the regional market growth over the forecast period.
Asia Pacific is projected to witness significant growth during the forecast years owing to rising demand from end-use industries, such as medical & healthcare and others in countries like China, Japan, India etc., which are experiencing strong economic growths due to rapid industrialization & urbanization coupled with favorable government policies regarding investments by various governments across these regions are driving industry expansion plans leading towards higher production volumes thereby fueling market development opportunities for manufacturers operating within this region at a faster pace than their counterparts operating within North America or Europe.
Growth Factors:
- Increasing demand for grounding resistors from the automotive industry on account of stringent safety norms
- Growing demand for high-power and high-voltage resistors from the power sector
- Rising popularity of surface mount technology (SMT) in the electronics industry
- Proliferation of Internet of Things (IoT) and connected devices across different industries
- Growing investments in research and development (R&D) to develop next-generation resistors
Scope Of The Report
Report Attributes
Report Details
Report Title
Grounding Resistors Market Research Report
By Type
Ordinary Grounding Resistor, High Resistance Grounding Resistor
By Application
Power Plant, Industrial, Others
By Companies
Littelfuse, Inc., AMPCONTROL, GINO AG, Aktif Group, MegaResistors, Powerohm, Hilkar, Post Glover Resistors, Vishay, Filnor, Inc., GAE, MS RESISTANCES, Kato Engineering, National Switchgears, Telema Spa
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
213
Number of Tables & Figures
150
Customization Available
Yes, the report can be customized as per your need.
Global Grounding Resistors Market Report Segments:
The global Grounding Resistors market is segmented on the basis of:
Types
Ordinary Grounding Resistor, High Resistance Grounding Resistor
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Power Plant, Industrial, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Littelfuse, Inc.
- AMPCONTROL
- GINO AG
- Aktif Group
- MegaResistors
- Powerohm
- Hilkar
- Post Glover Resistors
- Vishay
- Filnor, Inc.
- GAE
- MS RESISTANCES
- Kato Engineering
- National Switchgears
- Telema Spa
Highlights of The Grounding Resistors Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Ordinary Grounding Resistor
- High Resistance Grounding Resistor
- By Application:
- Power Plant
- Industrial
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Grounding Resistors Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Grounding resistors are used to reduce the amount of electricity that is sent through the ground wire. This is important because if too much electricity were to flow through the ground wire, it could cause a fire.
Some of the major companies in the grounding resistors market are Littelfuse, Inc., AMPCONTROL, GINO AG, Aktif Group, MegaResistors, Powerohm, Hilkar, Post Glover Resistors, Vishay, Filnor, Inc., GAE, MS RESISTANCES, Kato Engineering, National Switchgears, Telema Spa.
The grounding resistors market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Grounding Resistors Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Grounding Resistors Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Grounding Resistors Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Grounding Resistors Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Grounding Resistors Market Size & Forecast, 2020-2028
4.5.1 Grounding Resistors Market Size and Y-o-Y Growth
4.5.2 Grounding Resistors Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Ordinary Grounding Resistor
5.2.2 High Resistance Grounding Resistor
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Power Plant
6.2.2 Industrial
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Grounding Resistors Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Grounding Resistors Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Ordinary Grounding Resistor
9.6.2 High Resistance Grounding Resistor
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Power Plant
9.10.2 Industrial
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Ordinary Grounding Resistor
10.6.2 High Resistance Grounding Resistor
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Power Plant
10.10.2 Industrial
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Ordinary Grounding Resistor
11.6.2 High Resistance Grounding Resistor
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Power Plant
11.10.2 Industrial
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Ordinary Grounding Resistor
12.6.2 High Resistance Grounding Resistor
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Power Plant
12.10.2 Industrial
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Ordinary Grounding Resistor
13.6.2 High Resistance Grounding Resistor
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Power Plant
13.10.2 Industrial
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Grounding Resistors Market: Competitive Dashboard
14.2 Global Grounding Resistors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Littelfuse, Inc.
14.3.2 AMPCONTROL
14.3.3 GINO AG
14.3.4 Aktif Group
14.3.5 MegaResistors
14.3.6 Powerohm
14.3.7 Hilkar
14.3.8 Post Glover Resistors
14.3.9 Vishay
14.3.10 Filnor, Inc.
14.3.11 GAE
14.3.12 MS RESISTANCES
14.3.13 Kato Engineering
14.3.14 National Switchgears
14.3.15 Telema Spa
