Global Shunt Resistor Market Poised for Steady Growth Amid Expanding Electronics Sector

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The Shunt Resistor Market is experiencing substantial growth driven by rapid advancements in electronics, automotive, and energy storage industries. Shunt resistors, essential for current measurement and circuit protection, are increasingly adopted in power management and sensing applications globally.

Shunt Resistor Market Report | Global Forecast From 2025 To 2033
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Shunt Resistor Market Report | Global Forecast From 2025 To 2033

The global shunt resistor market size was valued at approximately $3.1 billion in 2023 and is projected to reach around $5.2 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.8% during the forecast period.