The global Metal Oxide Varistor (MOV) market was valued at US$ 223.8 million in 2020 and it is expected to reach US$ 340.3 million by the end of 2027, growing at a CAGR of 6.1% during 2021-2027.
The Metal Oxide Varistor is a voltage dependent, nonlinear device that provides excellent transient voltage suppression. The Metal Oxide Varistor is designed to protect various types of electronic devices and semiconductor elements from switching and induced lightning surges.
The global market for metal oxide varistor (MOV) has been deriving much growth from the rising popularity of Internet of Things (IoT) across the world. The extensive increase in the demand for consumer electronic goods and the upsurge in the adoption of metal oxide varistor in automobile applications are also boosting the market’s progress remarkably.
Global Metal Oxide Varistor (MOV) Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Metal Oxide Varistor (MOV) Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are TDK, General Electric, Kemet, Moda-Innochips, MDE Semiconductor, Dean Technology, Centra Science, Amotech, Vishay Intertechnology, Murata Manufacturing and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Segment by Type
- Disc Metal Oxide Varistor
- Strap Metal Oxide Varistor
- Block Metal Oxide Varistor
- Ring Metal Oxide Varistor
Segment by Application
- Automotive Electronics
- Line Voltage Equipment
- Wireless Handset Telecommunication
- Industrial Power Electronics
- Consumer Electronics
- Lighting Ballasts
Table of Content:
1 Metal Oxide Varistor (MOV) Market Overview
2 Metal Oxide Varistor (MOV) Market Competition by Manufacturers
3 Metal Oxide Varistor (MOV) Retrospective Market Scenario by Region
4 Global Metal Oxide Varistor (MOV) Historic Market Analysis by Type
5 Global Metal Oxide Varistor (MOV) Historic Market Analysis by Application
6 Key Companies Profiled
7 Metal Oxide Varistor (MOV) Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Metal Oxide Varistor (MOV) Market Dynamics
10 Global Metal Oxide Varistor (MOV) Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta
Peter Barzilai is a high school pitcher and college rower turned longtime World News journalist. Peter has also written for Buzz Feed and Huffington Post and many other major publications, Peter Loves everything about sports and loves to write on trending topics and he is DailyFactsNTrends member since 2017.