South 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)
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.
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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
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- 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
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 SAM Braking Resistors Market – By Resistors Element Type
1.3.2 SAM Braking Resistors Market – By End User
1.3.3 SAM Braking Resistors Market – By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. SAM Braking Resistors Market Landscape
4.1 Market Overview
4.2 SAM PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. SAM Braking Resistors –Market Dynamics
5.1 Market Drivers
5.1.1 Increased Expenditure for New Energy & Power Projects
5.1.2 Electric Vehicles Demand is Boosting the Need for Braking Resistors
5.2 Market Restraints
5.2.1 High Motor Heating Issues
5.3 Market Opportunities
5.3.1 Growth Witnessed in Mining Sector
5.4 Market Trends
5.4.1 Adoption of Advanced Grids Rising
5.5 Impact Analysis of Drivers and Restraints
6. Braking Resistors Market – SAM Analysis
6.1 SAM Braking Resistors Market Overview
6.2 SAM Braking Resistors Market – Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning –Market Players Ranking
7. SAM Braking Resistors Market Analysis – By Resistors Element Type
7.1 Overview
7.2 SAM 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. SAM Braking Resistors Market Analysis – By End-User
8.1 Overview
8.2 SAM 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. SAM Braking Resistors Market – Country Analysis
9.1 Overview
9.1.1 SAM: Braking Resistors Market, By Country
9.1.1.1 Brazil: Braking Resistors Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.1.1 Brazil: Braking Resistors Market, By Resistant Element Type
9.1.1.1.2 Brazil: Braking Resistors Market, By End-User
9.1.1.2 Argentina: Braking Resistors Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.2.1 Argentina: Braking Resistors Market, By Resistant Element Type
9.1.1.2.2 Argentina: Braking Resistors Market, By End-User
9.1.1.3 Rest of SAM: Braking Resistors Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.3.1 Rest of SAM: Braking Resistors Market, By Resistant Element Type
9.1.1.3.2 Rest of SAM: Braking Resistors Market, By End-User
10. SAM Braking Resistors Market- COVID-19 Impact Analysis
10.1 SAM: 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. SAM Braking Resistors Market – Revenue and Forecast to 2027 US$ Mn)
Table 2. Brazil Braking Resistors Market, By Resistant Element Type– Revenue and Forecast to 2027 (US$ Million)
Table 3. Brazil Braking Resistors Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 4. Argentina Braking Resistors Market, By Resistant Element Type– Revenue and Forecast to 2027 (US$ Million)
Table 5. Argentina Braking Resistors Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 6. Rest of SAM Braking Resistors Market, By Resistant Element Type– Revenue and Forecast to 2027 (US$ Million)
Table 7. Rest of SAM Braking Resistors Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
LIST OF FIGURES
Figure 1. SAM Braking Resistors Market Segmentation
Figure 2. SAM Braking Resistors Market Segmentation – By Country
Figure 3. SAM Braking Resistors Market – Country Analysis
Figure 4. SAM Braking Resistors Market - Market Overview
Figure 5. SAM Braking Resistors Market by Resistors Element Type
Figure 6. SAM Braking Resistors Market by End User
Figure 7. SAM Braking Resistors Market by Country
Figure 8. SAM: PEST Analysis
Figure 9. Ecosystem Analysis
Figure 10. Expert Opinion
Figure 11. SAM Braking Resistors Market Impact Analysis of Drivers and Restraints
Figure 12. SAM: Braking Resistors Market – Revenue and Forecast to 2027 (US$ Million)
Figure 13. SAM Braking Resistors Market Breakdown, Resistors Element Type, 2019 & 2027 (%)
Figure 14. SAM Wire-Wound Market Revenue and Forecast to 2027 (US$ Mn)
Figure 15. SAM Edge-Wound Market Revenue and Forecast to 2027 (US$ Mn)
Figure 16. SAM Stamped Grid Market Revenue and Forecast to 2027 (US$ Mn)
Figure 17. SAM Others Market Revenue and Forecast to 2027 (US$ Mn)
Figure 18. SAM Braking Resistors Market Breakdown, End-User, 2019 & 2027 (%)
Figure 19. SAM Oil and Gas Market Revenue and Forecast to 2027 (US$ Mn)
Figure 20. SAM Mining Market Revenue and Forecast to 2027 (US$ Mn)
Figure 21. SAM Marine Market Revenue and Forecast to 2027 (US$ Mn)
Figure 22. SAM Automobile and Railways Market Revenue and Forecast to 2027 (US$ Mn)
Figure 23. SAM Energy Market Revenue and Forecast to 2027 (US$ Mn)
Figure 24. SAM Others Market Revenue and Forecast to 2027 (US$ Mn)
Figure 25. SAM: Braking Resistors Market Revenue Share, By Country (2019 and 2027)
Figure 26. Brazil: Braking Resistors Market – Revenue and Forecast to 2027 (US$ Million)
Figure 27. Argentina: Braking Resistors Market – Revenue and Forecast to 2027 (US$ Million)
Figure 28. Rest of SAM: Braking Resistors Market – Revenue and Forecast to 2027 (US$ Million)
Figure 29. Impact of COVID-19 Pandemic in SAM Country Markets
- ABB
- CRESSALL RESISTORS LTD.
- REO AG
- Sandvik AB
- Schneider Electric
- Toshiba International Corporation
- Vishay Intertechnology, Inc.
- Yaskawa Electric Corporation
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