Background of industry development
As a core component of current measurement, shunts are widely used in new energy vehicles, energy storage systems, photovoltaic inverters, charging facilities, industrial control and other fields. With the acceleration of global electrification and digitization, the shunt market is ushering in a historic development opportunity.
I. Market size and growth forecast
1.1 Global Market Overview
According to industry research organizations, the global shunt market size was approximately USD 648 million in 2024. Driven by the rapid development of the new energy industry, it is expected to maintain a CAGR of more than 13% during the period of 2025-2031, and the market size is expected to exceed USD 1.5 billion by 2031.
1.2 China's market position
China is the world's largest market for new energy vehicles and energy storage, as well as a major producer and consumer of shunts. Chinese companies dominate the low-end and mid-end markets and are moving into the high-end market.
II. Analysis of major application areas
2.1 New Energy Vehicles
Electric vehicle BMS is one of the largest application areas for shunts. As the penetration rate of electric vehicles continues to increase, the demand for high-precision, automotive-grade shunts will continue to grow rapidly. the popularity of 800V high-voltage platforms has also put forward new requirements on the voltage withstand and performance of shunts.
2.2 Energy storage systems
The large-scale development of grid-level energy storage and industrial and commercial energy storage has created a new incremental market for shunts. Energy storage systems require high precision and reliability of current detection, and high-end shunt products are expected to gain a larger market share.
2.3 Charging infrastructure
The acceleration of the construction of super charging piles has increased the demand for high current shunts. 240kW and above power super charging piles have become the mainstream configuration, and high current shunts above 600A are in strong demand.
2.4 Photovoltaics and Wind Power
Renewable energy installed capacity continues to grow, inverter market scale expansion, drive the demand for shunt. High power density requirement promotes the development of miniaturized shunt.
III. Trends in technological innovation
3.1 Material innovation
The development of new resistance alloy materials is the key to improving the performance of shunts. Future development directions include:
- Lower temperature coefficient (approaching ±1ppm/°C)
- Higher stability (annual drift rate)<0.005%)
- Better corrosion resistance
3.2 Process innovation
The application of advanced manufacturing processes will drive the performance of shunts:
- Electron Beam Welding Achieves Lower Contact Resistance
- Precision machining for more compact design
- Automated production improves consistency and reliability
3.3 Trends in integration
The integration of the shunt with signal processing circuits and communication interfaces is an important development direction:
- Splitter + ADC integrated module
- Built-in temperature compensation and self-diagnostics
- Support for digital communication protocols (e.g. SPI, I2C)
IV. Competitive landscape and market players
4.1 International enterprises
International companies such as Isabellenhutte of Germany and Vishay of the United States occupy a leading position in the high-end market, with advanced material technology and brand advantages.
4.2 Rise of domestic enterprises
Domestic enterprises, represented by Safran Electronics, are gradually breaking the monopoly of international enterprises through technological innovation and industry chain supporting advantages, and have made remarkable breakthroughs in the field of new energy.
V. Challenges and opportunities
5.1 Challenges faced
- High-end market technical barriers
- Raw material price fluctuations
- Lack of harmonization of industry standards
5.2 Development opportunities
- High growth of new energy industry
- Strong demand for domestic substitution
- Intelligent manufacturing to reduce costs and increase efficiency
VI. Future prospects
Looking forward to 2025 and beyond, the diverter industry will be characterized by the following developments:
- The market continues to expand:The development of new energy industry will continue to pull the demand for shunt
- The level of technology is constantly improving:Domestic enterprises will gradually approach the international advanced level
- Application scenarios are richer:Smart home, industrial Internet and other emerging areas will become growth points
- Industry chain integration accelerated:Scale advantage through M&A and reorganization
concluding remarks
The new energy revolution has brought unprecedented development opportunities for the shunt industry. Safran will continue to insist on technological innovation, plowing into the new energy field, providing customers with high-quality shunt products and solutions, and growing together with the industry.
