South America Braking Resistors Market

Market Introduction

The region’s automotive manufacturing sector is witnessing growth owing to the presence of a large number of original equipment manufacturers (OEMs) and automakers in the region. Brazil benefits from being a potentially large domestic market with low vehicle ownership and a growing economy. Additionally, rising automotive production is supporting the growth of the braking resistor market in the region. For instance, as per Organisation Internationale des Constructeurs d'Automobiles (OICA), Brazil witnessed a growth of 2.2% y-o-y in the total vehicle production in 2019 and produced 2,448,490 cars. Further, the region has presence of a few major automakers, such as Volkswagen, General Motors, Hyundai, Toyota, Peugeot, Ford, and Renault. The national regulatory bodies of various countries in the region have realized the importance of the automotive sector. They are taking initiatives for the development of the automotive industry. For instance, the Brazilian government has formulated favorable trade investment policies to encourage private investments. The Brazilian government has also made provisions to give exemption to investors from custom duties and other taxes on the purchase of certain infrastructure and capital goods. Thus, the government initiatives to support the growth of the automotive sector would strengthen the automotive manufacturing industry in the region, which is likely to support the growth of the braking resistor market in the region. Also, rising adoption of advanced grids is expected to create a significant demand for braking resistors in the coming years, which is further anticipated to drive the SAM braking resistors market.

The COVID-19 pandemic is adversely affecting various industries. In SAM, Brazil reported the highest number of COVID-19 confirmed cases, followed by Ecuador, Peru, Chile, and Argentina. The governments of various countries in SAM are taking several initiatives to protect people and contain the spread of the virus in the region through lockdowns, trade bans, and travel restrictions. These measures have a direct impact on the region’s economic growth as the region is facing lower export revenues, both from the drop in commodity prices and reduction in export volumes—especially to China, Europe, and the US, which are important trade partners. The presence of various developing nations makes SAM one of the major regions for the growth of braking resistors market. Containment measures in several countries in SAM are disrupting economic activities in the manufacturing and service sectors, and the situation is expected to rebound once the outbreak is contained. The COVID-19 pandemic is adversely affecting the sales of vehicles in countries such as Brazil and Argentina. The outbreak has also resulted in the shutdown of production plants. All these factors are restraining the growth of the electronics & semiconductor, mining, automotive, and oil & gas sectors, which is hindering the growth of the braking resistor market in the region.

Market Overview and Dynamics

The braking resistors market in SAM is expected to grow from US$ 258.4 million in 2019 to US$ 370.4 million by 2027; it is estimated to grow at a CAGR of 5.0% from 2020 to 2027. Infrastructure-driven development has resulted in strong economic growth and increased demand for commodities such as iron ore, steel, manganese, cobalt, and copper in countries such as Brazil. For the overall development of the mining industry, exploration efforts for the requisite minerals and metals are crucial. The growing use of these manufacturing machinery and the steady development of the mining industry involve the introduction of braking resistors. For an effective workflow, these brake resistors are used to control the speed of these industrial machines. This provides a tremendous incentive for suppliers of braking resistors to produce innovative technologies to satisfy the current and future requirements.

Key Market Segments

In terms of resistor element type, the wire-wound segment accounted for the largest share of the SAM braking resistors market in 2019. Further, the automobile and railways segment held a substantial share of the SAM 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 SAM 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 SAM 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 SAM braking resistors market
• Efficiently plan M&A and partnership deals in SAM 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 SAM braking resistors market
• Obtain market revenue forecast for market by various segments from 2020-2027 in SAM region.

SAM Braking Resistors Market Segmentation

SAM Braking Resistors Market - By Resistor Element Type

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

SAM Braking Resistors Market - By End User

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

SAM Braking Resistors Market - By Country

• Brazil
• Argentina
• Rest of SAM  

SAM Braking Resistors Market - Company Profiles

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

South America Braking Resistors Market Strategic Insights

South America Braking Resistors Market Segmentation Analysis

South America Braking Resistors Market Report Highlights

South America Braking Resistors Report Scope

South America Braking Resistors Market Country and Regional Insights