The global demand for Metal Oxide Varistor Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
Metal Oxide Varistor is an electric component used in circuits to protect vulnerable circuit components from excessive transient voltage surges. It is a voltage-dependent component that prevents system damage by absorbing unwanted energy and dissipating heat. These varistors are primarily resistors made of metallic oxide. Varistors are highly economical and reliable means of protection for circuits using AC /DC power lines both in domestic and industrial applications. A varistor has electrical properties similar to that of a diode and is connected in parallel mode in a circuit. They are connected to a circuit in such a way that they are capable of protecting the main circuit from experiening any fault due to electric issues associated with the supply. A varistor works in a specific voltage and current range dependent on its design specification. They are growing in popularity due to increase in demand for wireless communications, use of electronic gadgets in medical equipments.
The metal oxide varistor market is expected to grow stronger due to the rising awareness of safety devices to protect electronic gadgets, automotive appliances and an increase in investments in the sector of industrial Infrastructural developments. Widening of applications of MOV in sectors like health care, aerospace, the defence can boost the market. The restraining factors for market growth are high volatility in prices of raw materials and high clamping voltage.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of metal oxide varistor.
The entire metal oxide varistor market has been sub-categorized into type and end-user. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By End User
- Disc Metal Oxide Varistor
- Strap Metal Oxide Varistor
- Block Metal Oxide Varistor
- Ring Metal Oxide Varistor
- Automotive Electronics
- Line Voltage Equipment
- Wireless Handset Telecommunication
- Industrial Power Electronics
- Consumer Electronics
- Lighting Ballasts
This section covers regional segmentation which accentuates on current and future demand for metal oxide varistor market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Metal Oxide Varistor Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the metal oxide varistor market include Centra Science Corp., TDK Corporation, KEMET Corporation, Dean Technology, Inc., MDE Semiconductor Inc., Vishay Intertechnology Inc., Murata Manufacturing Co. Ltd., Amotech Corporation, Littelfuse, Inc., AVX Corporation. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers& acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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