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Europe Braking Resistors Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Resistor Element Type (Wire-wound, Edge-wound, Stamped Grid, and Others), and End User (Oil and Gas, Mining, Marine, Automobile and Railway, Energy, and Others)

Code: TIPRE00019066 | Pages: 126 | Industry: Electronics and Semiconductor | Date: Feb 2021
Covid

Market Introduction

The European continent has many emerging economies, including Germany, France, the UK, and Italy. 2019 showed promising results for tech investments in Europe, as European tech continues to break records despite the UK and European Union (EU) economic slowdowns. Over the past five years, capital invested in European technology has grown by 124%, with a 39% increase between 2018 and 2019 alone, reaching US$ 34.3 billion in capital investment for 2019. This compares with reductions in investment in both the US and Asian capital between 2018 and 2019. Western Europe is renowned for its improved living conditions, with higher income levels among residents. It is one of the continent's wealthiest regions, with more GDP per capita than the rest. The automotive sector supports the growth of the economy by assisting the supply chain that results in the creation of a diversified array of business opportunities and services. The automotive manufacturers have 304 vehicle assembly plants and production plants in 27 countries across Europe. In 2019, the production of 4,371,499 units of commercial and passenger vehicles was reported. Growing production of commercial and passenger vehicles is likely to surge the demand for integration of braking resistors. Also, high demand for braking resistor owing to inclination towards EVs is expected to create a significant demand for braking resistors in the coming years, which is further anticipated to drive the Europe braking resistors market.

Countries in Europe, especially Italy and Spain, are adversely affected by the COVID-19 pandemic. Russia is witnessing an economic hit due to a lack of revenue from various industries, as it recorded the highest number of confirmed cases across Europe. Other member states have implemented drastic measures and travel restrictions, and partially closed their borders to control the spread of the virus. Europe is one of the key regions for the growth of braking resistors market with the presence of many developed countries such as Germany, the UK, France, Italy, Norway, and Sweden. Oil & gas, energy & power, automotive, and manufacturing are among the significant industries that are heavily impacted due to the pandemic. The crisis is also disrupting the supply of electronic components. This scenario is hindering the growth of the Europe braking resistors market.   

Market Overview and Dynamics

The braking resistors market in Europe is expected to grow from US$ 2,577.1 million in 2019 to US$ 3,466.9 million by 2027; it is estimated to grow at a CAGR of 4.1% from 2020 to 2027. The smart grid has become the most significant technological revolution in the past years. Compared to the conventional grid, the smart grid is an automated, technology-driven, highly integrated, and modernized grid due to such power electronics. The smart grid is expected to play a significant role in transforming the electrical networks and electricity generation during the forecast period. Smart grids facilitate the quicker restoration of electricity after power disturbances and help reduce management and operational costs of utilities; this ultimately lowers power costs for consumers. Moreover, various initiatives advancing the energy sector's technological landscape are also likely to drive market growth during the forecast period. With the constant augmentation in the penetration of renewable energy sources, high dynamic processes have to be resisted. Thus, to cope with these requirements, the integration of braking resistor-based out-of-step protection system for a smart-grid. A smart grid can reduce carbon footprints by integrating renewable energy sources, energy storage, and plug-in hybrid electric vehicles with the primary grid. Thus, the implementation of smart grids results in the increasing use of braking resistors, which in turn is propelling the growth of the Europe market.

Key Market Segments

In terms of resistor element type, the wire-wound segment accounted for the largest share of the Europe braking resistors market in 2019. Further, the automobile and railways segment held a substantial share of the Europe braking resistors market based on end user in 2019.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the braking resistors market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are ABB; CRESSALL RESISTORS LTD.; REO AG; Sandvik AB; Schneider Electric; Toshiba International Corporation; Vishay Intertechnology, Inc.; Yaskawa Electric Corporation.   

Reasons to buy report

  • To understand the Europe braking resistors market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for Europe braking resistors market
  • Efficiently plan M&A and partnership deals in Europe braking resistors market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe braking resistors market
  • Obtain market revenue forecast for market by various segments from 2020-2027 in Europe region.

Europe Braking Resistors Market Segmentation

Europe Braking Resistors Market - By Resistor Element Type

  • Wire-wound
  • Edge-wound
  • Stamped Grid
  • Others

Europe Braking Resistors Market - By End User

  • Oil and Gas
  • Mining, Marine
  • Automobile and Railway
  • Energy
  • Others

Europe Braking Resistors Market - By Country

  • Germany
  • France
  • Italy
  • UK
  • Russia
  • Rest of Europe  

Europe Braking Resistors Market - Company Profiles

  • ABB
  • CRESSALL RESISTORS LTD.
  • REO AG
  • Sandvik AB
  • Schneider Electric
  • Toshiba International Corporation
  • Vishay Intertechnology, Inc.
  • Yaskawa Electric Corporation
 

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

1.3.1        Europe Braking Resistors Market – By Resistor Element Type

1.3.2        Europe Braking Resistors Market – By End User

1.3.3        Europe Braking Resistors Market – By Country

2.           Key Takeaways

3.           Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           Europe Braking Resistor Market Landscape

4.1         Market Overview

4.2         Europe PEST Analysis

4.3         Ecosystem Analysis

4.4         Expert Opinion

5.           Europe Braking Resistor –Market Dynamics

5.1         Market Drivers

5.1.1        High Investment for Latest Energy & Power Projects

5.1.2        High Demand for Braking Resistor Owing to Inclination Toward EVs

5.2         Market Restraints

5.2.1        Excessive Motor Heating Related Concerns

5.3         Market Opportunities

5.3.1        Mining Sector Growing Rapidly

5.4         Market Trends

5.4.1        Smart Grids Being Adopted

5.5         Impact Analysis of Drivers and Restraints

6.           Braking Resistor Market – Europe Analysis

6.1         Europe Braking Resistors Market Overview

6.2         Europe Braking Resistor Market – Revenue and Forecast to 2027 (US$ Million)

6.3         Market Positioning – Market Players Ranking

7.           Europe Braking Resistor Market Analysis – By Resistor Element Type

7.1         Overview

7.2         Europe Braking Resistor Market Breakdown, By Resistor Element Type, 2019 & 2027 (%)

7.3         Wire-wound

7.3.1        Overview

7.3.2        Wire-Wound Market Forecast and Analysis

7.4         Edge-Wound

7.4.1        Overview

7.4.2        Edge-Wound Market Forecast and Analysis

7.5         Stamped Grid

7.5.1        Overview

7.5.2        Stamped Grid Market Forecast and Analysis

7.6         Others

7.6.1        Overview

7.6.2        Other Market Forecast and Analysis

8.           Europe Braking Resistor Market Analysis – By End-User

8.1         Overview

8.2         Europe Braking Resistor Market Breakdown, By End-User, 2019 & 2027 (%)

8.3         Oil and Gas

8.3.1        Overview

8.3.2        Oil and Gas Market Forecast and Analysis

8.4         Mining

8.4.1        Overview

8.4.2        Mining Market Forecast and Analysis

8.5         Marine

8.5.1        Overview

8.5.2        Marine Market Forecast and Analysis

8.6         Automobile and Railways

8.6.1        Overview

8.6.2        Automobile and Railways Market Forecast and Analysis

8.7         Energy

8.7.1        Overview

8.7.2        Energy Market Forecast and Analysis

8.8         Others

8.8.1        Overview

8.8.2        Others Market Forecast and Analysis

9.           Europe Braking Resistor Market – Country Analysis

9.1         Overview

9.1.1        Europe: Braking Resistor Market, By Country

9.1.1.1          Germany: Braking Resistor Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.1.1          Germany: Braking Resistor Market, By Resistant Element Type

9.1.1.1.2          Germany: Braking Resistor Market, By End-User

9.1.1.2          France: Braking Resistor Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.2.1          France: Braking Resistor Market, By Resistant Element Type

9.1.1.2.2          France: Braking Resistor Market, By End-User

9.1.1.3          Italy: Braking Resistor Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.3.1          Italy: Braking Resistor Market, By Resistant Element Type

9.1.1.3.2          Italy: Braking Resistor Market, By End-User

9.1.1.4          UK: Braking Resistor Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.4.1          UK: Braking Resistor Market, By Resistant Element Type

9.1.1.4.2          UK: Braking Resistor Market, By End-User

9.1.1.5          Russia: Braking Resistor Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.5.1          Russia: Braking Resistor Market, By Resistant Element Type

9.1.1.5.2          Russia: Braking Resistor Market, By End-User

9.1.1.6          Rest of Europe: Braking Resistor Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.6.1          Rest of Europe: Braking Resistor Market, By Resistant Element Type

9.1.1.6.2          Rest of Europe: Braking Resistor Market, By End-User

10.        Europe Braking Resistor Market- COVID-19 Impact Analysis

10.1      Europe: Impact Assessment of COVID-19 Pandemic

11.        Industry Landscape

11.1      Overview

11.2      Market Initiative

11.3      New Product Development

12.        Company Profiles

12.1      ABB Ltd.

12.1.1     Key Facts

12.1.2     Business Description

12.1.3     Products and Services

12.1.4     Financial Overview

12.1.5     SWOT Analysis

12.1.6     Key Developments

12.2      CRESSALL RESISTORS LTD

12.2.1     Key Facts

12.2.2     Business Description

12.2.3     Products and Services

12.2.4     Financial Overview

12.2.5     SWOT Analysis

12.2.6     Key Developments

12.3      REO AG

12.3.1     Key Facts

12.3.2     Business Description

12.3.3     Products and Services

12.3.4     Financial Overview

12.3.5     SWOT Analysis

12.3.6     Key Developments

12.4      Sandvik AB(Kanthal)

12.4.1     Key Facts

12.4.2     Business Description

12.4.3     Products and Services

12.4.4     Financial Overview

12.4.5     SWOT Analysis

12.4.6     Key Developments

12.5      Schneider Electric

12.5.1     Key Facts

12.5.2     Business Description

12.5.3     Products and Services

12.5.4     Financial Overview

12.5.5     SWOT Analysis

12.5.6     Key Developments

12.6      Toshiba International Corporation

12.6.1     Key Facts

12.6.2     Business Description

12.6.3     Products and Services

12.6.4     Financial Overview

12.6.5     SWOT Analysis

12.6.6     Key Developments

12.7      Vishay Intertechnology, Inc.

12.7.1     Key Facts

12.7.2     Business Description

12.7.3     Products and Services

12.7.4     Financial Overview

12.7.5     SWOT Analysis

12.7.6     Key Developments

12.8      Yaskawa Electric Corporation

12.8.1     Key Facts

12.8.2     Business Description

12.8.3     Products and Services

12.8.4     Financial Overview

12.8.5     SWOT Analysis

12.8.6     Key Developments

13.        Appendix

13.1      About The Insight Partners

             13.2      Word Index

LIST OF TABLES

Table 1.             Europe Braking Resistors Market – Revenue and Forecast to 2027 US$ Mn)

Table 2.             Germany Braking Resistor Market, By Resistant Element Type– Revenue and Forecast to 2027 (US$ Million)

Table 3.             Germany Braking Resistor Market, By End-User – Revenue and Forecast to 2027 (US$ Million)

Table 4.             France Braking Resistor Market, By Resistant Element Type– Revenue and Forecast to 2027 (US$ Million)

Table 5.             France Braking Resistor Market, By End-User – Revenue and Forecast to 2027 (US$ Million)

Table 6.             Italy Braking Resistor Market, By Resistant Element Type– Revenue and Forecast to 2027 (US$ Million)

Table 7.             Italy Braking Resistor Market, By End-User – Revenue and Forecast to 2027 (US$ Million)

Table 8.             UK Braking Resistor Market, By Resistant Element Type– Revenue and Forecast to 2027 (US$ Million)

Table 9.             UK Braking Resistor Market, By End-User– Revenue and Forecast to 2027 (US$ Million)

Table 10.          Russia Braking Resistor Market, By Resistant Element Type– Revenue and Forecast to 2027 (US$ Million)

Table 11.          Russia Braking Resistor Market, By End-User – Revenue and Forecast to 2027 (US$ Million)

Table 12.          Rest of Europe Braking Resistor Market, By Resistant Element Type– Revenue and Forecast to 2027  (US$ Million)

Table 13.            Rest of Europe Braking Resistor Market, By End-User – Revenue and Forecast to 2027 (US$ Million)

LIST OF FIGURES

Figure 1.           Europe Braking Resistors Market Segmentation

Figure 2.           Europe Braking Resistors Market Segmentation – By Country

Figure 3.           Europe Braking Resistors Market – Country Analysis

Figure 4.           Europe Braking Resistors Market - Market Overview

Figure 5.           Europe Braking Resistors Market by Resistor Element Type

Figure 6.           Europe Braking Resistors Market by End User

Figure 7.           Europe Braking Resistors Market by Country

Figure 8.           Europe: PEST Analysis

Figure 9.           Ecosystem Analysis

Figure 10.        Expert Opinion

Figure 11.        Europe Braking Resistor Market Impact Analysis of Drivers and Restraints

Figure 12.        Europe: Braking Resistor Market – Revenue and Forecast to 2027 (US$ Million)

Figure 13.        Europe Braking Resistor Market Breakdown, Resistor Element Type, 2019 & 2027 (%)

Figure 14.        Europe Wire-Wound Market Revenue and Forecast to 2027 (US$ Mn)

Figure 15.        Europe Edge-Wound Market Revenue and Forecast to 2027 (US$ Mn)

Figure 16.        Europe Stamped Grid Market Revenue and Forecast to 2027 (US$ Mn)

Figure 17.        Europe Others Market Revenue and Forecast to 2027 (US$ Mn)

Figure 18.        Europe Braking Resistor Market Breakdown, End-User, 2019 & 2027 (%)

Figure 19.        Europe Oil and Gas Market Revenue and Forecast to 2027 (US$ Mn)

Figure 20.        Europe Mining Market Revenue and Forecast to 2027 (US$ Mn)

Figure 21.        Europe Marine Market Revenue and Forecast to 2027 (US$ Mn)

Figure 22.        Europe Automobile and Railways Market Revenue and Forecast to 2027 (US$ Mn)

Figure 23.        Europe Energy Market Revenue and Forecast to 2027 (US$ Mn)

Figure 24.        Europe Others Market Revenue and Forecast to 2027 (US$ Mn)

Figure 25.        Europe: Braking Resistor Market Revenue Share, By Country (2019 and 2027)

Figure 26.        Germany: Braking Resistor Market – Revenue and Forecast to 2027 (US$ Million)

Figure 27.        France: Braking Resistor Market – Revenue and Forecast to 2027 (US$ Million)

Figure 28.        Italy: Braking Resistor Market – Revenue and Forecast to 2027 (US$ Million)

Figure 29.        UK: Braking Resistor Market – Revenue and Forecast to 2027 (US$ Million)

Figure 30.        Russia: Braking Resistor Market – Revenue and Forecast to 2027 (US$ Million)

Figure 31.        Rest of Europe: Braking Resistor Market – Revenue and Forecast to 2027 (US$ Million)

Figure 32.          Impact of COVID-19 Pandemic in Europe Country Markets

  1. ABB
  2. CRESSALL RESISTORS LTD.
  3. REO AG
  4. Sandvik AB
  5. Schneider Electric
  6. Toshiba International Corporation
  7. Vishay Intertechnology, Inc.
  8. Yaskawa Electric Corporation

 

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