North America Braking Resistors Market

Market Introduction

A braking resistors or dynamic braking resistors (DBR's) work as alternative current (AC) variable frequency drives (VFDs) to disintegrate energy generated in the motor with the help of braking torque applied to stop the engine. This resistors has its application in the DC bus, which requires a voltage of around 800 volts when the braking conditions are applied. Dynamic braking resistors are used in DC drive systems and inverters, and also used as the electric traction motors in the railroad vehicle as generators while slowing down the locomotive. This dynamic resistors is also known as "rheostatic," as it generates electrical power, which is regenerative if the power is returned to the supply line and dissipated as heat in brake grid resistors. This resistors generates a braking torque and absorbs the extra energy generated at the time of stopping the electric motors. These resistors have their application across variable-speed drive systems such as cranes, elevators, and trains. Also, new energy and power projects witnessing investment rise is expected to create a significant demand for braking resistors in the coming years, which is further anticipated to drive the North America braking resistors market.

North America is adversely affected by the COVID-19 outbreak. The US is the worst-hit country in North America. The continuous growth in the number of confirmed cases has led the government to impose lockdown across the nation’s borders. Majority of the manufacturing plants are closed. Municipalities are functioning slowly as compared to past; also, the electronic & semiconductor and automotive industries are at a halt, which is hindering the braking resistors market. In terms of patient count and death toll, Canada and Mexico are still at a nascent stage than the US. The outbreak would have a limited short-term impact on the market in the coming months. The short-term effect of the crisis would not affect the recovery of overall sales in the electronics & semiconductor industry in the next few quarters owing to the mounting requirement of fuel-efficient vehicles by various companies in the region.

Market Overview and Dynamics

The braking resistors market in North America is expected to grow from US$ 2,397.1 million in 2019 to US$ 3,310.3 million by 2027; it is estimated to grow at a CAGR of 4.5% from 2020 to 2027. Infrastructure-driven growth in countries such as US has resulted in high economic growth and increased the demand for commodities such as iron ore, coal, manganese, cobalt, and copper. The exploration activities for necessary minerals and metals are vital for the overall growth of the mining industry. For instance, gold mines in US are expected to draw attention for more mining activities. To continue with mining activities, appropriate equipment will be necessary for greater productivity while ensuring a low risk of fatalities. The application of cranes, heavy mining machines, conveyors, and mining shaft elevators, among others, plays a vital role in handling the overall operation in the mines efficiently. Therefore, the increasing application of these industrial machineries and the constant growth in the mining sector are demanding the integration of braking resistors. These braking resistors are used to control the speed of these industrial machines for an efficient workflow. This creates a massive opportunity for the braking resistors manufacturers to develop advanced products and meet the emerging requirement of the customers.

Key Market Segments

In terms of resistor element type, the wire-wound segment accounted for the largest share of the North America braking resistors market in 2019. Further, the automobile and railways segment held a substantial share of the North America 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 North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are ABB; Bonitron, Inc; REO AG; Sandvik AB; Schneider Electric; Toshiba International Corporation; Vishay Intertechnology, Inc.; Yaskawa Electric Corporation.  

Reasons to buy report

• To understand the North America braking resistors market landscape and identify market segments that are most likely to guarantee a strong return
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• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America braking resistors market
• Obtain market revenue forecast for market by various segments from 2020-2027 in North America region.

North America Braking Resistors Market Segmentation

North America Braking Resistors Market - By Resistor Element Type

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

North America Braking Resistors Market - By End User

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

North America Braking Resistors Market - By Country

• US
• Canada
• Mexico

North America Braking Resistors Market - Company Profiles

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

North America Braking Resistors Market Strategic Insights

North America Braking Resistors Market Segmentation Analysis

North America Braking Resistors Market Report Highlights

North America Braking Resistors Report Scope

North America Braking Resistors Market Country and Regional Insights