India Electronic Resistor market to be dominated by IT & Telecommunications till FY2027
Rise in the per capita
income and the adoption of digitalization across industry verticals is expected
to drive the demand of India Electronic Resistor market for the forecast period.
According
to TechSci Research report, “India
Electronic Resistor Market By Type (Fixed (Carbon Composition, Carbon film,
Metal oxide film, Wire wound, Thin film), Variable (Carbon, Semi-Fixed
Variable), By End-User (Industrial, IT & Telecommunications, Automotive,
Consumer Electronics, Others), By Product Type (Electric Motors, Drives,
Inverters, and Others), By Region, Competition Forecast & Opportunities,
2026”, the India electronic
resistor is expected to grow at a rate of significant CAGR for the forecast
period, FY2023-FY2027. The growing demand for consumer electronic devices and
the rise in the disposable income is driving the demand of the electronic
resistor market. With the high demand for electronic devices, the demand for
electronic component such as resistor, inductor, capacitors are also expected
to witness a significant surge. Each electronic component has different current
requirements and due to difference in requirements, the need for electronic
resistor witnessed a surge in demand. Electronic resistance provides sound
resistance and power dissipation and consists of features such as inductance,
temperature coefficient, and noise control. The growing automotive industry and
the increase in the sales of electric vehicles is fueling the demand for
electronic resistor which is needed during the manufacturing process. Stringent
regulations like CAFE II and BS-VI are also creating the need for the
integration of electronic devices in the vehicles. The development of the
charging infrastructure for the electric vehicles and the presence of supportive
government policies promoting the domestic manufacturing and providing
attractive incentives, income tax rebates and subsidies to the manufacturers is
also contributing to the India electronic resistor market growth.
However, the limitation in power rating and voltage
levels may restrain the India Electronic Resistor market growth for the
forecast period.
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India
electronic resistor market is segmented into type, application, regional
distribution, and company. Based on type, the market is bifurcated into fixed
and variable. The fixed resistor is expected to dominate the India electronic
resistor market for the forecast period, FY2023-FY2027. The fixed electronic
resistor is divided into carbon composition, carbon film, metal oxide film,
wire wound, and thin film while the variable electronic resistor is divided
into carbon and semi-fixed variable. Carbon composition resistor are the most
common type of electronic resistor. These are the most affordable
general-purpose resistor and can be used in electrical and electronics
resistor. Carbo composition resistor are made from the mixture of finely ground
graphite or carbon lead and a non-conducting ceramic layer. Carbon film
resistor is composed with the help of ceramic carrier with a thin carbon film
around it and is widely used for the manufacturing of electronic devices. The
ratio determines the overall resistive value of the mixture and the higher
content of carbon, the lower the resistance value. Metal oxide film has a high
temperature rating and better surge current capability, and these are made of
ceramic rod that is coated with a thin film of metal oxides like tin oxide. Wire
wound resistor is made by winding a thin metal alloy wire over ceramic in form
of spiral helix. Wire wound resistor are used in the manufacturing of measuring
circuits and Wheatstone bridge type applications. In thin film the resistive
layer is deposited onto ceramic base. Thin film is more stable, accurate and
have better temperature coefficient.
Panasonic India, Rohm Semiconductor
India Pvt Ltd, Cyentec Co. Ltd., BSM Technology Solutions, Kiyosh Electronics,
Reckon Electronics, Vishay Components India Private Limited, Thakor Electronics
Limited, G.V. Electronics, Watts Electronics Pvt Ltd, Cermet Resistronics Pvt
Ltd, Radius Industries, KWK Resistors, among others are some of the leading
players operating in India electronic resistor market. Companies operating in
the market are using strategies such as joint ventures, product launches, mergers,
and research collaborations to boost their share and increase their geographic
reach.
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“The
growing demand for the renewable energy sources due to the limited availability
of fossil fuel and the adverse effect of harmful emission pollutant onto the
environment. National Smart Grid Mission is an initiative taken by the Indian
Ministry of Power to boost the smart grid projects which will be implemented by
state-owned distribution utilities. Additionally, under the “Smart City
Mission” all the smart cities are expected to get the electricity supply from
the smart grid to conserve and efficiently utilize the electricity and reduce
the unnecessary costs. The growing
adoption of renewable energy sources to reduce the burden from the fossil fuels
and the growing crude oil prices is expected to propel the India electronic
resistor market growth till FY2027” said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
“India Electronic Resistor Market By Type (Fixed
(Carbon Composition, Carbon film, Metal oxide film, Wire wound, Thin film),
Variable (Carbon, Semi-Fixed Variable), By End-User (Industrial, IT &
Telecommunications, Automotive, Consumer Electronics, Others), By Product Type
(Electric Motors, Drives, Inverters, and Others), By Region, Competition
Forecast & Opportunities, FY2027”, has evaluated the future growth potential of India electronic
resistor market and provides statistics & information on market size, structure
and future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in India electronic resistor market.
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