The market size for fixed electrical resistors with a power handling capacity of less than 20 W in Hungary has been experiencing a trend of decline since 2017. Although the market value reached a peak of approximately 94.613 million euros in 2018, it consistently decreased, culminating in a value of 58.118 million euros in 2023. The year-on-year variation over the last two years indicates a decrease with rates of -9.56% in 2022 and -10.46% in 2023. The compound annual growth rate (CAGR) over the last five years stood at a negative 9.29%, reflecting an overall downward trend.
Future trends to watch for include technological advancements leading to efficient resistor designs, potential market recovery driven by increased demand in emerging applications, and possible volatility due to changes in supply chain dynamics or shifts in related industries. Monitoring these factors will be crucial for stakeholders intending to strategize effectively in this market segment.
