Shunt Resistor Market Size, Emerging Trends, Forecast & Analysis 2025-2032: Growth, Opportunities & Key Insights
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%.
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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
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