Braking Resistor Market Overview:
A dynamic brake is a system designed to slow down mechanical motion by using resistors that dissipate heat. Braking resistors or dynamic braking resistors are such resistors. A motor must convert kinetic energy into electrical energy in order to decelerate. With the help of a power resistor, the energy is dissipated. Regenerative and rheostatic braking are both forms of dynamic braking. In rheostatic braking, the energy is dissipated as heat in a resistor, while in regenerative braking, the energy is fed back into the system. The cost of regenerative braking is generally higher. Resistances like these are used in small motion systems as well as in large constructions like trams and trains. Faster deceleration and less wear and tear are two of the biggest advantages of friction braking systems. Braking resistors market growth will be driven by the need for motors that are reliable, safe, and durable over the forecast period.
The braking resistors are more reliable and require less maintenance. Among the factors driving the growth of the braking resistor market globally is this. By dissipating more heat, these resistors are capable of stopping motors faster. During the forecast period, this will further drive the demand for braking resistors. This further contributes to the growth of the braking resistor market during the forecast period. As urbanization increases, trains are used more for transportation. In the upcoming years, trains will present many opportunities to the braking resistor market. They are used for stopping or slowing down mechanical systems due to their specifications like average braking power resistance and resistance. Braking resistors are continuously growing in popularity due to their advantages.
Data is currently the most valuable asset in the world. With many global-level organizations collecting huge volumes of data, electronic devices comprising of high computing power are used for processing and managing such data. As per the Semiconductor Industry Association, the memory segment is the largest growing segment of the semiconductor industry with sales of DRAM and NAND flash products on a rise along with the sales of microprocessors which shall assist in the further proliferation of the semiconductor industry. The introduction of 5G technology has opened new avenues for the growth of this industry considering its utilization in developing an IoT-friendly infrastructure in tech-based applications. With advancements in chip designing technologies per Moore's law has further aided in the fragmentation of the global semiconductor industry.
The assessment of the Braking Resistor Market is performed based on factors, like for instance, the business expansion policies of key players, competitive analysis of the progress of new entrants and emerging players, the revenue, financial, and opportunity analysis of important market players. The Braking Resistor Market is also analyzed based on the regional segmentation, product type or technique, end-user spectrum, etc. This research will be conducted with the implementation of advanced market research techniques which shall help organizations evaluate the overall market scenario and strategize accordingly.
Major players included in the Braking Resistor Market:
• Rockwell Automation Inc.
• ABB Ltd.
• Schneider Electric S.E.
• Eaton Corporation
• YASKAWA Electric Corporation
• Cressall Resistors Limited
• Sandvik AB
• Danfoss A/S
• Toshiba International Corporation
• Vishay Intertechnology Inc.
• Transfab TMS
• Danotherm Electric A/S
• Bonitron Inc.
• OMRON Corporation
(Note: The list of the major players will be updated with the latest market scenario and trends)
Braking Resistor Market Segmentation:
By Resistor Element Type
• Wirewound
• Edge-wound
• Stamped Grid
• Others
By End-User
• Oil and Gas
• Mining
• Marine
• Automobile and Railway
• Energy
• Others
By Region
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa
Braking Resistor Market Competitive Analysis:
• Tier-1 Players
• Tier-2 Players
• Emerging Players
• New Entrants
Future Market Analytics Focus Points:
• SWOT Analysis
• Key Market Trends
• Key Data -Points Affecting Market Growth
• Revenue and Forecast Analysis
• Growth Opportunities For New Entrants and Emerging Players
• Key Player and Market Growth Matrix
Objectives of the Study:
• To provide a comprehensive analysis on the Braking Resistor Market by resistor element type, by end-user and by region
• To cater extensive insights on factors influencing the market growth (drivers, restraints, industry-specific restraints, business expansion opportunities)
• To anticipate and analyse the market size expansion in key regions- North America, Europe, Asia Pacific, Latin America and Middle East and Africa
• To record and evaluate competitive landscape mapping- strategic alliances and mergers, technological advancements and product launches, revenue and financial analysis of key market players
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