Uses cases of Shunt resistors are often associated with Auto/Smart meter etc, here is one of many lesser talked about use case
A quick google search will tell the transformer shortages worldwide – which is an essential critical path item in mega electrical infra upgrade that most countries are carrying out.
Here is how transformers are evolving ( IoT enabled, sensors and preventive care etc)
shnieder Q3 deck has focus on these wins
Here is a screenshot form Their transformer manual
IoT universe is key focus for Schnieder and many large organizations – Circuit breaker, sensors etc is essential to this digitization
Schneider is a known long time customer for Shivalik.
Point being, Shunt/Bimetal usage are quite vast, Opportunities should continue to evolve as EV, IoT and other Digital tech adoption scales.
While Shivalik hands seem full at this point, Forward integration in IoT sensor universe (own or via partnership) could see a good extension of TAM.
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