Global Shunt Resistor Market Shows Promising Growth Amid Rising Demand for Precision Current Measurement

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The Shunt Resistor Market is poised for robust expansion as the demand for high-accuracy current sensing across electric vehicles, smart grids, and industrial automation systems gains traction globally. Characterized by their low resistance and precise voltage drop, shunt resistors are essential components in modern electronic applications where reliable power monitoring and current measurement are critical.

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.