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North America 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: TIPRE00019064 | Pages: 116 | Industry: Electronics and Semiconductor | Date: Feb 2021
Covid

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
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for North America braking resistors market
  • Efficiently plan M&A and partnership deals in North America 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 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
 

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

1.3.1        North America Braking Resistors Market – By Resistor Element Type

1.3.2        North America Braking Resistors Market – By End User

1.3.3        North America Braking Resistors Market – By Country

2.           Key Takeaways

3.           Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           North America Braking Resistor Market Landscape

4.1         Market Overview

4.2         North America PEST Analysis

4.3         Ecosystem Analysis

4.4         Expert Opinion

5.           North America Braking Resistor –Market Dynamics

5.1         Market Drivers

5.1.1        New Energy & Power Projects Witnessing Investment Rise

5.1.2        Rising Trends Toward EVs is Boosting the Demand for Braking Resistor

5.2         Market Restraints

5.2.1        Issues Regarding the Excessive Motor Heating

5.3         Market Opportunities

5.3.1        Growing Mining Sector

5.4         Market Trends

5.4.1        Rising Acceptance of Smart Grids

5.5         Impact Analysis of Drivers and Restraints

6.           Braking Resistor Market – North America Analysis

6.1         North America Braking Resistors Market Overview

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

6.3         Market Positioning – Market Players Ranking

7.           North America Braking Resistor Market Analysis – By Resistor Element Type

7.1         Overview

7.2         North America 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.           North America Braking Resistor Market Analysis – By End-User

8.1         Overview

8.2         North America 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.           North America Braking Resistor Market – Country Analysis

9.1         Overview

9.1.1        North America: Braking Resistor Market, By Country

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

9.1.1.1.1          US: Braking Resistor Market, By Resistant Element Type

9.1.1.1.2          US: Braking Resistor Market, By End-User

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

9.1.1.2.1          Canada: Braking Resistor Market, By Resistant Element Type

9.1.1.2.2          Canada: Braking Resistor Market, By End-User

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

9.1.1.3.1          Mexico: Braking Resistor Market, By Resistant Element Type

9.1.1.3.2          Mexico: Braking Resistor Market, By End-User

10.        North America Braking Resistor Market- COVID-19 Impact Analysis

10.1      North America: 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      Bonitron

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.             North America Braking Resistors Market – Revenue and Forecast to 2027 US$ Mn)

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

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

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

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

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

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

LIST OF FIGURES

Figure 1.           North America Braking Resistors Market Segmentation

Figure 2.           North America Braking Resistors Market Segmentation – By Country

Figure 3.           North America Braking Resistors Market – Country Analysis

Figure 4.           North America Braking Resistors Market - Market Overview

Figure 5.           North America Braking Resistors Market by Resistor Element Type

Figure 6.           North America Braking Resistors Market by End User

Figure 7.           North America Braking Resistors Market by Country

Figure 8.           North America: PEST Analysis

Figure 9.           Ecosystem Analysis

Figure 10.        Expert Opinion

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Figure 29.          Impact of COVID-19 Pandemic in North American Country Markets

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

 

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America braking resistors market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the North America braking resistors market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth North America market trends and outlook coupled with the factors driving the braking resistors market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

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