MARKET INTRODUCTION

A braking resistor is used to slow down or stop a motor by dissipating excess voltage generated by the decelerating motor. It is designed with specifications such as resistance and average braking power. The braking resistors provide higher reliability and require less service. Hence, braking resistors are preferred over friction brakes to decelerate motors. Thereby, rising demand for the braking resistor which propels the growth of the braking resistors market.

MARKET DYNAMICS

Speed control is very essential in elevators & lifts, cranes, electric locomotives, and wind turbines. Therefore, rising demand for braking resistors for these applications which is the major driving factor for the braking resistors market. Further, growing developments in the transportation sector and rising demand for electric automobiles are also influencing the growth of the braking resistors market.

MARKET SCOPE

The "Global Braking Resistors Market Analysis to 2027" is a specialized and in-depth study of the braking resistors industry with a special focus on the global market trend analysis. The report aims to provide an overview braking resistors market with detailed market segmentation as of braking method, resistor element type, application, end-user, and geography. The global braking resistors market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading braking resistors market players and offers key trends and opportunities in the braking resistors market.

MARKET SEGMENTATION

The global braking resistors market is segmented on the basis of braking method, resistor element type, application, end-user. On the basis of braking method the market is segmented as dynamic braking, overhauling load. On the basis of resistor element type the market is segmented as wire-wound, edge-wound, stamped grid, tubular, others. On the basis of application the market is segmented as conveyors, trolleys, cranes, hoists, elevators, others. On the basis of end-user the market is segmented as oil and gas, mining, marine, automobile, energy, others

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Braking resistors market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The braking resistors market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting braking resistors market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the braking resistors market in these regions.

MARKET PLAYERS

The reports cover key developments in the braking resistors market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from braking resistors market are anticipated to lucrative growth opportunities in the future with the rising demand for braking resistors in the global market. Below mentioned is the list of few companies engaged in the braking resistors market.

The report also includes the profiles of key braking resistors companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

- ABB
- Captech Pty Ltd
- Cressall Resistors Ltd
- MegaResistors Corporation
- Ohmite Mfg Co
- REO AG
- Sandvik AB
- Schneider Electric
- Vishay Intertechnology, Inc.
- Yaskawa Electric Corporation