Braking Resistors Market is Projected to Grow Significantly to Reach US$ 11,141.9 Million by 2027: Abb, Bonitron, Captech, Cressall Resistors, Reo Ag, Sandvik Ab

The Braking Resistors Market Research Report helps out market players to improve their business plans and ensure long-term success. The extensive research study provides in-depth information on Global Innovations, New Business Techniques, SWOT Analysis with Key Players, Capital Investment, Technology Innovation, and Future Trends Outlook.

A braking resistor 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 resistor 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.

Competitive Landscape: Braking Resistors Market: ABB, Bonitron, Captech, CRESSALL RESISTORS, REO AG, Sandvik AB(Kanthal), Schneider Electric, Toshiba International Corporation, Vishay Intertechnology, Yaskawa Electric Corporation.

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The market research study covers historical data of previous years along with a forecast of upcoming years based on revenue (USD million). The Braking Resistors Market reports also cover market dynamics, market overview, segmentation, market drivers, and restraints together with the impact they have on the Braking Resistors demand over the forecast period. Moreover, the report also delivers the study of opportunities available in the Braking Resistors market globally. The Braking Resistors market report study and forecasts is based on a worldwide and regional level.

Braking Resistors Market Segmentation:

By Resistor Element Type
•
o Wirewound
o Edge-wound
o Stamped Grid
o Others

By End-User
•
o Oil and Gas
o Mining
o Marine
o Automobile and Railway
o Energy
o Others

What are reasons behind braking resistor market growth?
The major players in the automotive sector are focusing on investing in the production of electric vehicles. Recently, remarkable collaborations have been undertaken between automakers and tech companies to develop technologically advanced electric vehicles. The electric vehicles use regenerative braking, which recovers energy lost during braking and sends it back to the battery,. As an alternative, it is beneficial to use a braking resistor to discharge the excess energy produced. These resistors are useful in case of any electrical fault, as well as to reduce the servicing costs due to diminished wear on the friction braking system. Moreover, the energy dissipated during dynamic braking into the resistor is also being used to heat the vehicle's trailer or cabin; therefore, decreasing the requirement for electrical heating that places an extra load on the battery

What Are the Market opportunities for Braking Resistors Market?
Infrastructure-driven growth in countries such as China 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 South Africa, Russia, Indonesia, the US, and other countries are expected to draw attention for more mining activities. Similarly, China and South Africa are the major countries known for a significant number of iron ore production sites. 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 is anticipated to offer ample growth opportunities for the global braking resistor market players.

Which end-user type is expected to dominate the market in the forecast period?
The braking resistor market is led by automotive and railway segment with highest share and is expected to dominate in the forecast period. Several manufacturers worldwide are involved in developing different models of vehicles, which demands the integration of braking resistors. Furthermore, the development of electric vehicles and autonomous vehicles globally, is one of the major driving factors for the braking resistor market. Similarly, rising investments to develop electric trains in different countries across the globe is also boosting the demand of braking resistor. Thus, the growth of the automotive and railways industry is likely to drive the braking resistor market.

Braking Resistors Market Segment by Regions, Regional analysis covers: Americas, United States, Canada, Mexico, Brazil, APAC, China, Japan, Korea, Southeast Asia, India, Australia, Europe, Germany, France, UK, Italy, Russia, Spain, Middle East & Africa, Egypt, South Africa, Israel, Turkey, GCC Countries.

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