Automotive High Voltage Resistor Market Is Expected To Generate Huge Acquisition

Report published by Market Research Corridor with the title "Automotive high-voltage resistors" are mainly used as voltage dividers and bleeder resistors in high-voltage devices. The working voltage is 10-100kV, the shape is slender and the volume is large, and the power can reach 100W.The global Automotive High Voltage Resistor market size is estimated to be worth US$ 314.6 million in 2021 and is forecast to a readjusted size of USD 424.9 million by 2028 with a CAGR of 4.5% during review period. Commercial Vehicles accounting for 20.8% of the Automotive High Voltage Resistor global market in 2021, is projected to value USD 84.8 million by 2028, growing at a 3.9% CAGR in next six years. While Chip Resistor segment is altered to a 4.7% CAGR between 2022 and 2028.

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The Automotive High Voltage Resistor market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.

Automotive High Voltage Resistor market is split by Type and by Application. For the period 2017- 2028, the growth among segments provides accurate calculations and forecasts for sales by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type, covers
✤ Chip Resistor
✤ Wirewound Resistor
✤ Others

Market segment by Application can be divided into
✤ Commercial Vehicles
✤ Passenger Vehicles

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Application Insights:

Commercial Vehicles
A commercial vehicle is a vehicle that is licensed to be used for the transportation of goods or materials rather than passengers. Light to medium-sized commercial vehicles are used to transport relatively light goods. Thanks to its load carrying capacity, a five-seater one-tonne double cab is counted for tax purposes as a commercial vehicle. The point of any commercial vehicle, whether it's a florist's van or part of a parcel delivery firm, is to be of service to the business.

Passenger Vehicles

Passenger Vehicles means passenger vehicles, including electric powered cars and vehicles, mini vans, sports utility vehicles, motorcycles, motor scooters, bicycles, vans, light trucks, and pickup trucks, but, excluding buses, trucks with a load capacity of one (1) ton or more not included within the "car" or "passenger vehicle".

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Market Drivers

✤ Rise in use in automotive and industrial applications to fuel the market expansion
Automotive high voltage resistors can be free-standing or built into the control circuitry of electric motors to regulate the speed of the cooling fan, windows, seats, mirrors, and wipers. These components are used in hybrid and other types of automobiles to convert between various voltages and provide regenerative electric braking to the wheels. For instance, in January 2020, KOA Speer Electronics released the HV73V high voltage resistor, designed specifically for automotive applications. The HV73V resistor is perfect for high voltages since it has a specific inner electrode material. Compared to ordinary resistors, it reaches maximum operating voltages that are 2.5 times higher and has better temperature cycling stability.

✤ Growing adoption of electric vehicles to drive the market
The market for automotive high voltage resistors has become more accessible by the increased adoption of electric vehicles due to the negative environmental effects of conventional gasoline automobiles and the rise in fuel prices. Customers are becoming more likely to purchase hybrid or battery-powered cars, which is expected to increase electric vehicle sales, driving the automotive high voltage resistor market. Furthermore, traditional fuel cars are one of the major contributors to air pollution worldwide.

Market Trends

✤ One of the primary trends for the automotive high voltage resistor market is passenger automobiles. Their demand in this market will rise due to the growing use. The need for ever-increasing safety in passenger vehicles, buses, lorries, and other forms of transportation has prompted automakers worldwide to expand their investment in these parts significantly. Automobile manufacturers have also concentrated on increasing fuel efficiency by decreasing emissions and lowering noise pollution from exhausts and powertrains, increasing insulation needs that can only be met by using an automotive high voltage resistor.
✤ Another trend for market growth is the government's stringent pollution regulations, and customers' rising environmental consciousness is anticipated to increase demand for electric vehicles, which will drive the automotive high voltage market expansion.
Global key manufacturers of Automotive High Voltage Resistor include Vishay, Viking Tech, KOA Speer, YAGEO, and Ralec, etc. In terms of revenue, the global top players hold a share over 50% in 2021.

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