In 2023, the US imported fixed electrical resistors for a power handling capacity exceeding 20 watts at a value of $113.8 million. The forecast shows consistent growth over the next five years, with the import value reaching $129.91 million by 2028. Year-on-year growth rates from 2024 to 2028 reflect a steady increase, averaging approximately 2.6% annually. This indicates a solid compound annual growth rate (CAGR) over the forecast period.
Future trends to watch include:
- Advancements in technology that may demand higher-powered resistors.
- Policy changes impacting international trade and tariffs.
- Fluctuations in global supply chains that could affect import volumes and costs.
- Emerging markets and their potential impact on the US's position in the global resistor market.