Press release
Shunt Resistor Market Size, Emerging Trends, Market Forecast & Analysis 2025-2032
A shunt resistor is a high-precision, low-resistance electrical component used to measure the current flowing through a circuit. B
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▶ Market Size
The global shunt resistor market was valued at USD 1,194.33 million in 2023 and is projected to reach USD 1,426.09 million by 2029, growing at a CAGR of 3.00%. The rising demand for precision current measurement, advancements in electronic components, and increasing adoption in electric vehicles (EVs) and industrial automation are key factors driving this market's growth. The Asia-Pacific region, particularly China, is a major producer and consumer of shunt resistors, holding over 52% of the global market share.
▶ Market Dynamics (Drivers, Restraints, Opportunities, and Challenges)
▶ Drivers:
Growing Electric Vehicle Adoption: EVs require precise current measurement for battery management, increasing the demand for shunt resistors.
Industrial Automation Expansion: Automation in manufacturing and smart devices is driving the need for precise current measurement solutions.
Renewable Energy Growth: Solar and wind power systems require efficient current monitoring, increasing the use of shunt resistors.
Miniaturization of Electronics: The shift toward compact and high-performance devices has driven the demand for surface-mounted device (SMD) shunt resistors.
▶ Restraints:
High Initial Cost of Advanced Shunt Resistors: Precision shunt resistors can be expensive, limiting adoption in cost-sensitive applications.
Competition from Alternative Current Sensing Technologies: Hall-effect sensors and fluxgate sensors present alternatives to shunt resistors in specific applications.
▶ Opportunities:
Emerging Smart Grid Technologies: Increased investment in smart grid systems is expected to boost demand for shunt resistors.
Development of High-Precision Resistors: Advancements in material science and manufacturing are improving the accuracy and stability of shunt resistors.
▶ Challenges:
Regulatory Compliance and Standards: Strict energy efficiency and safety regulations require continuous technological advancements.
Supply Chain Disruptions: Raw material shortages and geopolitical tensions can impact manufacturing and pricing.
▶ Regional Analysis
▶ Asia-Pacific:
Largest market share (52%), driven by high demand in China, Japan, and India.
Major manufacturing hub for consumer electronics and automotive industries.
Rapid adoption of EVs and industrial automation boosts demand.
▶ North America:
• Strong presence of key market players and technological innovations.
• Growth driven by increasing investments in renewable energy and electric vehicles.
• High demand for shunt resistors in the aerospace and defense industries.
▶ Europe:
• Increasing focus on energy efficiency and reduction of carbon emissions.
• Growth in the automotive sector due to rising EV production.
• Government regulations promoting the adoption of smart grids and renewable energy solutions.
▶ Rest of the World:
• Growth in the Middle East and Africa due to infrastructure developments.
• South America witnessing increasing demand in telecommunications and power management sectors.
▶ Competitor Analysis
The global shunt resistor market is dominated by key players such as:
• Rohm Semiconductor
• Yageo
• Murata
• Vishay
• Delta Electronics (Cyntec)
• Isabellenhütte
• KOA Corporation
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▶ Key Strategies of Market Leaders:
• Product Innovation: Introduction of high-power, surface-mount shunt resistors.
• Strategic Partnerships and Acquisitions: Companies are expanding their reach through mergers and collaborations.
• Expansion into Emerging Markets: Players are targeting Asia-Pacific and Latin America for growth opportunities.
▶ Market Segmentation (by Application)
• Automotive: EV battery management, motor control.
• Ammeter: Precision current measurement devices.
• Communication: Telecommunications equipment.
• Consumer Electronics: Smart devices, wearables.
• Power Supplies: Industrial power management.
• Others: Aerospace, medical devices.
▶ Market Segmentation (by Type)
• Wirewound Shunt Resistors
• Metal Foil Shunt Resistors
• Thick Film Shunt Resistors
• Thin Film Shunt Resistors
• Others
▶ Geographic Segmentation
• North America (USA, Canada, Mexico)
• Europe (Germany, UK, France, Italy, Rest of Europe)
• Asia-Pacific (China, Japan, India, Southeast Asia, Rest of Asia-Pacific)
• South America (Brazil, Argentina, Rest of South America)
• Middle East & Africa (Saudi Arabia, UAE, South Africa, Rest of MEA)
▶ Recent Developments:
1. ROHM Semiconductor Introduces High-Power Shunt Resistors
In June 2024, ROHM Semiconductor expanded its PMR100 series by adding three new shunt resistors with a rated power of 5W and ultra-low resistances of 0.5mΩ, 1.0mΩ, and 1.5mΩ. These resistors are designed for motor control and power circuits in automotive, consumer, and industrial equipment applications. They offer approximately 2.5 times higher rated power than previous 2W models, enabling the replacement of larger high-power types and contributing to greater miniaturization in various applications.
2. TT Electronics Launches LRMAK 4-Terminal Shunt Resistors
In January 2025, TT Electronics introduced the LRMAK series of 4-terminal surface-mount (SMT) shunt resistors. These resistors are designed for accurate current sensing in applications handling tens of amps, such as automotive and industrial sectors. The LRMAK series offers low resistance values down to 500μΩ and tolerances as tight as 0.5%, ensuring precise current measurements.
3. Bourns Expands RiedonTM Industrial Shunt Resistor Line
In August 2024, Bourns, Inc. expanded its line of RiedonTM Industrial Shunt Resistors by introducing six new models. These shunt resistors feature superior current handling capabilities, meeting accurate current measurement requirements in applications such as battery management systems, solar inverters, welding equipment, and power supplies. The new models are available with panel and busbar mounting options, accommodating currents from 1A to 6000A with resistance values ranging from 0.025 milliohms to 100 milliohms.
4. Littelfuse Unveils SSA Series Current Shunt Resistors
In November 2023, Littelfuse, Inc. launched the SSA Series Current Shunt Resistors, designed to meet the increasing demand for accurate current measurement in high-performance applications. These two-terminal, ultra-low resistance shunt resistors are suitable for both AC and DC circuits and are ideal for markets including automotive electronics, EV charging, large appliances, data centers, and industrial power modules. The SSA Series offers resistance ranges from 0.2 to 4.0 mΩ and power ratings up to 15W
▶ FAQs-
▶ What is a shunt resistor, and how is it used in the semiconductor industry?
A shunt resistor is a high-precision, low-resistance electrical component used to measure the current flowing through a circuit by creating an alternate path for a portion of the current. In the semiconductor industry, shunt resistors are vital for applications like power supplies, battery management systems, and motor controls, enabling accurate current measurement and efficient circuit monitoring.
▶ What factors are driving the growth of the shunt resistor market?
The shunt resistor market growth is driven by increasing demand for precision current measurement in industries such as automotive, consumer electronics, and renewable energy. Key trends like the rise of electric vehicles, industrial automation, and miniaturization of electronic components in the semiconductor industry further propel this market's expansion.
▶ What is the significance of SMD shunt resistors in the market?
SMD (Surface-Mount Device) shunt resistors are gaining popularity due to their compact size and ability to support high-precision applications in modern electronics. Their growing preference has significantly impacted the SMD shunt resistor market share, especially in sectors like telecommunications, automotive, and IoT-enabled devices.
▶ How does the shunt resistor market align with semiconductor industry trends?
The shunt resistor market aligns closely with semiconductor industry trends such as advancements in AI, IoT, and 5G technologies. The increasing complexity and power requirements of electronic devices demand more efficient current sensing and management, positioning shunt resistors as critical components in the semiconductor market growth and future technological innovations.
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