Global Neutral Grounding Resistor Market Share, Size, Trends

The global Neutral Grounding Resistor Market is expected to reach USD 1,137.42 Million by 2032, at a CAGR of 5.7% during the forecast period 2023 to 2032. A Neutral Grounding Resistor (NGR) is a crucial component in electrical power systems that helps protect transformers, generators, and other electrical equipment from damage caused by fault currents. NGRs are connected between the neutral point of the system and ground, creating a path of resistance for fault currents to flow during a fault condition.