Wirewound Variable Resistors Market by Size, Share, Revenue, Technology, Demand and Opportunities by 2023
The global wirewound variable resistors market is growing, due to increased demand for electronic devices and equipment. To avoid the damage of commercial electronic and consumer electronics equipment owing to excess transfer of current, the equipment are provided with inbuilt wirewound resistors. The resistors protect the devices from damages by resisting fluctuations in the flow of additional electricity near its threshold voltage. Thus, wirewound variable resistors find vast applications in fuses or circuit breakers. The resistors are also used in circuit breaking applications, due to their high power capabilities. The wirewound variable resistors can themselves be used as circuit breakers, or may be used in large circuit breaking devices.
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The Asia-Pacific market is expected to grow with the highest rate in coming years, due to the presence of several developing economies in the region. The availability of cheap labor and presence of various electronic goods manufacturing companies in the countries, such as China, Taiwan and India is also supporting the growth of the wirewound variable resistors market in the region. Additionally, the availability of raw materials at economical rates has supported large scale offshore manufacturing of wirewound variable resistors. In North America, higher production capacities in Canada and the U.S. are expected to support the market growth.
To enhance the functionalities of wirewound variable resistors, existing competitors in the market are investing heavily in research and development activities. The manufacturers are focusing on decreasing the size of resistors, to mount them easily in smaller electronic equipment. Moreover, the manufacturers are also developing high-precision resistors for providing longer life span, superior performance, multiple functioning, and greater reliability.
Some of the competitors in the global wirewound variable resistors market are Cougar Electronics Corp, Voltronics Inc., Ohmite Manufacturing Company Inc., Jameco Electronics Ltd., Novotechnik U.S. Inc., and 1-Source Electronic Components Inc.
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The Asia-Pacific market is expected to grow with the highest rate in coming years, due to the presence of several developing economies in the region. The availability of cheap labor and presence of various electronic goods manufacturing companies in the countries, such as China, Taiwan and India is also supporting the growth of the wirewound variable resistors market in the region. Additionally, the availability of raw materials at economical rates has supported large scale offshore manufacturing of wirewound variable resistors. In North America, higher production capacities in Canada and the U.S. are expected to support the market growth.
To enhance the functionalities of wirewound variable resistors, existing competitors in the market are investing heavily in research and development activities. The manufacturers are focusing on decreasing the size of resistors, to mount them easily in smaller electronic equipment. Moreover, the manufacturers are also developing high-precision resistors for providing longer life span, superior performance, multiple functioning, and greater reliability.
Some of the competitors in the global wirewound variable resistors market are Cougar Electronics Corp, Voltronics Inc., Ohmite Manufacturing Company Inc., Jameco Electronics Ltd., Novotechnik U.S. Inc., and 1-Source Electronic Components Inc.
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