Middle East & Africa 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)
Market Introduction
The MEA region includes South Africa, Saudi Arabia, the UAE, and the Rest of the MEA. The region is expected to see a rapid rise in marketing and industrialization, which would further boost the growth of diverse industries. The Gulf countries are economically advanced, while the African countries still have to balance the economic conditions of the Gulf countries. Factors, such as growing passenger and commercial vehicles on the road, and automated technologies integrated within the vehicles, are positively impacting the braking resistor market. In 2019, the production of vehicles in Africa accounted for 1,102,036 units. Increasing vehicle production, growing disposable income, and rising demand for braking resistors are driving the market in the MEA. The governments of several countries in the region have realized the importance of the automotive industry. They are taking initiatives to support and enhance the growth of the automotive manufacturing industry in the region. Enhanced Re-Development Phase (EP), Iraq—are also likely to accelerate the demand for braking resistors.
The oil & gas and automotive are the major industries in the MEA, which contribute significantly to the GDP of various countries in the region. However, the COVID-19 pandemic has severely affected the oil & gas and automotive industry, resulting in shutting down of various manufacturing facilities in the region. Moreover, the adverse effect on tourism and hospitality industry is impacting the sales of new cars in the region. Therefore, the COVID-19 pandemic outbreak has suppressed the automotive market in the MEA region, which, in turn, is expected to hinder the growth of the braking resistor market in the region. Also, growing smart grid deployment is expected to create a significant demand for braking resistors in the coming years, which is further anticipated to drive the MEA braking resistors market.
. The ongoing COVID-19 is having terrible effect on MEA economy. Iran, Saudi Arabia, Qatar, South Africa, and UAE are some of the countries with high number of COVID-19 confirmed cases and deaths. The economic and industrial growth of these countries has been affected negatively in the past few months. The region comprises many growing economies such as UAE, among others, which are prospective markets for data diode security products market. South Africa is also highly impacted by coronavirus; however, the country has managed to reduce the average daily increase of COVID-19 cases from 23.2% prior to the lockdown to 7% during the lockdown. South Africa has the largest COVID-19 cases in the MEA region and is followed by Iran, Saudi Arabia, and UAE, among others. UAE was the first country in the MEA to report a confirmed case of coronavirus. The majority of the business in these countries have come to a halt and is expected to continue slower than usual pace. The countries are taking significant containment measures to reduce the number of infected patients. The oil & gas and automotive industry is a major industry in MEA and contributes significantly to the GDP of various countries in the region. However, the COVID-19 pandemic outbreak has severely affected the oil & gas and automotive industry and has resulted in the shutting down of various manufacturing facilities in the region. Therefore, the COVID-19 pandemic outbreak has suppressed the electronics and semiconductor market in the MEA region, which, in turn is expected to hinder the growth of the braking resistor market in the region.
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Market Overview and Dynamics
The braking resistors market in MEA is expected to grow from US$ 560.3 million in 2019 to US$ 823.5 million by 2027; it is estimated to grow at a CAGR of 5.3% from 2020 to 2027. The major players in the automotive sector are focusing on investing in the production of electric vehicles. Recently, remarkable collaborations have been undertaken between automakers and tech companies to develop technologically advanced electric vehicles. Further, increasing awareness about the rising levels of greenhouse gas emissions and the negative impacts of conventional vehicles are the major factors that encourage key players to invest in electric vehicles. Several major companies are looking forward to investing in startups, which can eventually help them co-create products in the future. These resistors are useful in case of any electrical fault, as well as to reduce the servicing costs due to diminished wear on the friction braking system. Moreover, the energy dissipated during dynamic braking into the resistor is also being used to heat the vehicle's trailer or cabin; therefore, decreasing the requirement for electrical heating that places an extra load on the battery. Therefore, the increasing demand for an electric vehicle boosts the demand for braking resistors in MEA.
Key Market Segments
In terms of resistor element type, the wire-wound segment accounted for the largest share of the MEA braking resistors market in 2019. Further, the automobile and railways segment held a substantial share of the MEA 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 MEA 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.; Sandvik AB; Schneider Electric; Toshiba International Corporation; Vishay Intertechnology, Inc.; Yaskawa Electric Corporation.
Reasons to buy report
- To understand the MEA 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 MEA braking resistors market
- Efficiently plan M&A and partnership deals in MEA 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 MEA braking resistors market
- Obtain market revenue forecast for market by various segments from 2020-2027 in MEA region.
MEA Braking Resistors Market Segmentation
MEA Braking Resistors Market - By Resistor Element Type
- Wire-wound
- Edge-wound
- Stamped Grid
- Others
MEA Braking Resistors Market - By End User
- Oil and Gas
- Mining, Marine
- Automobile and Railway
- Energy
- Others
MEA Braking Resistors Market - By Country
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
MEA Braking Resistors Market - Company Profiles
- ABB
- CRESSALL RESISTORS LTD.
- 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 MEA Braking Resistors Market – By Resistors Element Type
1.3.2 MEA Braking Resistors Market – By End User
1.3.3 MEA Braking Resistors Market – By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. MEA Braking Resistors Market Landscape
4.1 Market Overview
4.2 MEA PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. MEA Braking Resistors –Market Dynamics
5.1 Market Drivers
5.1.1 Heavy Investing By New Ventures in Energy & Power
5.1.2 Soaring Tendency Towards EVs Fuelling The Need For Braking Resistors
5.2 Market Restraints
5.2.1 Inappropriate Engine Heating Problems
5.3 Market Opportunities
5.3.1 Mining Sector Flourishing
5.4 Market Trends
5.4.1 Growing Smart Grid Deployment
5.5 Impact Analysis of Drivers and Restraints
6. Braking Resistors Market – MEA Analysis
6.1 MEA Braking Resistors Market Overview
6.2 MEA Braking Resistors Market – Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning – Market Players Ranking
7. MEA Braking Resistors Market Analysis – By Resistors Element Type
7.1 Overview
7.2 MEA Braking Resistors Market Breakdown, By Resistors 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. MEA Braking Resistors Market Analysis – By End-User
8.1 Overview
8.2 MEA Braking Resistors 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. MEA Braking Resistors Market – Country Analysis
9.1 Overview
9.1.1 MEA: Braking Resistors Market, By Country
9.1.1.1 South Africa: Braking Resistors Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.1.1 South Africa: Braking Resistors Market, By Resistant Element Type
9.1.1.1.2 South Africa: Braking Resistors Market, By End-User
9.1.1.2 Saudi Arabia: Braking Resistors Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.2.1 Saudi Arabia: Braking Resistors Market, By Resistant Element Type
9.1.1.2.2 Saudi Arabia: Braking Resistors Market, By End-User
9.1.1.3 UAE: Braking Resistors Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.3.1 UAE: Braking Resistors Market, By Resistant Element Type
9.1.1.3.2 UAE: Braking Resistors Market, By End-User
9.1.1.4 Rest of MEA: Braking Resistors Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.4.1 Rest of MEA: Braking Resistors Market, By Resistant Element Type
9.1.1.4.2 Rest of MEA: Braking Resistors Market, By End-User
10. MEA Braking Resistors Market- COVID-19 Impact Analysis
10.1 MEA: 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 Sandvik AB(Kanthal)
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 Schneider Electric
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 Toshiba International Corporation
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 Vishay Intertechnology, Inc.
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 Yaskawa Electric Corporation
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
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. MEA Braking Resistors Market – Revenue and Forecast to 2027 US$ Mn)
Table 2. South Africa Braking Resistors Market, By Resistant Element Type– Revenue and Forecast to 2027 (US$ Million)
Table 3. South Africa Braking Resistors Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 4. Saudi Arabia Braking Resistors Market, By Resistant Element Type– Revenue and Forecast to 2027 (US$ Million)
Table 5. Saudi Arabia Braking Resistors Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 6. UAE Braking Resistors Market, By Resistant Element Type– Revenue and Forecast to 2027 (US$ Million)
Table 7. UAE Braking Resistors Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 8. Rest of MEA Braking Resistors Market, By Resistant Element Type– Revenue and Forecast to 2027 (US$ Million)
Table 9. Rest of MEA Braking Resistors Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
LIST OF FIGURES
Figure 1. MEA Braking Resistors Market Segmentation
Figure 2. MEA Braking Resistors Market Segmentation – By Country
Figure 3. MEA Braking Resistors Market – Country Analysis
Figure 4. MEA Braking Resistors Market - Market Overview
Figure 5. MEA Braking Resistors Market by Resistors Element Type
Figure 6. MEA Braking Resistors Market by End User
Figure 7. MEA Braking Resistors Market by Country
Figure 8. MEA: PEST Analysis
Figure 9. Ecosystem Analysis
Figure 10. Expert Opinion
Figure 11. MEA Braking Resistors Market Impact Analysis of Drivers and Restraints
Figure 12. MEA: Braking Resistors Market – Revenue and Forecast to 2027 (US$ Million)
Figure 13. MEA Braking Resistors Market Breakdown, Resistors Element Type, 2019 & 2027 (%)
Figure 14. MEA Wire-Wound Market Revenue and Forecast to 2027 (US$ Mn)
Figure 15. MEA Edge-Wound Market Revenue and Forecast to 2027 (US$ Mn)
Figure 16. MEA Stamped Grid Market Revenue and Forecast to 2027 (US$ Mn)
Figure 17. MEA Others Market Revenue and Forecast to 2027 (US$ Mn)
Figure 18. MEA Braking Resistors Market Breakdown, End-User, 2019 & 2027 (%)
Figure 19. MEA Oil and Gas Market Revenue and Forecast to 2027 (US$ Mn)
Figure 20. MEA Mining Market Revenue and Forecast to 2027 (US$ Mn)
Figure 21. MEA Marine Market Revenue and Forecast to 2027 (US$ Mn)
Figure 22. MEA Automobile and Railways Market Revenue and Forecast to 2027 (US$ Mn)
Figure 23. MEA Energy Market Revenue and Forecast to 2027 (US$ Mn)
Figure 24. MEA Others Market Revenue and Forecast to 2027 (US$ Mn)
Figure 25. MEA: Braking Resistors Market Revenue Share, By Country (2019 and 2027)
Figure 26. South Africa: Braking Resistors Market – Revenue and Forecast to 2027 (US$ Million)
Figure 27. Saudi Arabia: Braking Resistors Market – Revenue and Forecast to 2027 (US$ Million)
Figure 28. UAE: Braking Resistors Market – Revenue and Forecast to 2027 (US$ Million)
Figure 29. Rest of MEA: Braking Resistors Market – Revenue and Forecast to 2027 (US$ Million)
Figure 30. Impact of COVID-19 Pandemic in MEA Country Markets
- ABB
- CRESSALL RESISTORS LTD.
- Sandvik AB
- Schneider Electric
- Toshiba International Corporation
- Vishay Intertechnology, Inc.
- Yaskawa Electric Corporation
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