Shunt Resistor Market Size, Emerging Trends, Market Forecast & Analysis 2025-2032

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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 Segmentation (by Type)

Wirewound Shunt Resistors
Metal Foil Shunt Resistors
Thick Film Shunt Resistors
Thin Film Shunt Resistors
Others

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