Global Metal Oxide Varistor (VOM) Market: Snapshot
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.
Over the forthcoming years, the global market for MOV is likely to witness substantial growth at a healthy CAGR of 11.7% from 2017 to 2025. The opportunity in this market is expected to increase from a value of US$7.73 bn in 2016 to US$20.79 bn by the end of 2025. The market, although looks thriving at present, it may face challenges from the dynamic nature of the semiconductor and electronics industry in the coming years.
Demand for Ring MOV to Remain Strong
Based on the type of MOV, the global MOV market has been classified into disc MOV, strap MOV, block MOV, ring MOV, and various other types, such as chip varistor and multilayered chip varistor. The ring MOV segment held the leading position in the global market in 2016 with a share of more than 44%. Analysts expect the segment to remain dominant over the next few years. Disc MOV, however, is anticipated to witness a high-paced rise in the near future on the ground of its increasing demand in industrial power electronics devices across a number of countries, such as China, India, Japan, the U.K., the U.S., Germany, and Singapore.
On the basis of construction, the global market has been segmented into surface mount MOV and through-hole MOV. Although marginally, the through-hole MOV segment has been leading the overall market and is intended to remain doing so throughout the next few years.
Asia Pacific to Continue as Global Leader
In terms of the geography, Asia Pacific, the Middle East and Africa, Europe, North America, and Latin America have been considered as the prominent segments of the worldwide MOV market. Driven by the increasing demand for smart devices, Asia Pacific led this market in 2016 with a share of more than 54%. Analysts expect this regional market to gain substantially from the swift development in the industrial infrastructure that supports integration of process automation, and the large scale investments in communication technologies in this region, and remain on the top over the forthcoming years.
The market for MOV in the Middle East and Africa, which stood second in 2016, is also projected to retain its place in the near future, thanks to the increasing demand for consumer electronics, smart automobile applications, technologically advanced healthcare devices, and process automation systems in the power, and the oil and gas industries. Among others, the Europe MOV market is anticipated to witness healthy growth in the years to come on account of the rising number of smart phone users. Germany and the U.K. are likely to surface as the leading domestic markets for MOV in Europe over the forthcoming years.
TDK Corp., General Electric, KEMET Corp., Moda-Innochips Co. Ltd., MDE Semiconductor Inc., Dean Technology Inc., Centra Science Corp., Amotech Corp., Vishay Intertechnology Inc., and Murata Manufacturing Co. Ltd. are some of the prominent players operating in the global MOV market.
Rising Demand for Consumer Electronics to Benefit Global Metal Oxide Varistor (MOV) Market
The increasing prominence of the Internet of Things (IoT) across the globe is likely to boost growth of the global metal oxide varistor (MOV) market in the years to come. The rapid rise in the demand for consumer electronic product lines as well as the increased use of metal oxide varistor in automotive applications, are propelling the market forward.
The presence of multiple international corporations as well as regional competitors has significantly increased the level of competition. These businesses are concentrating on providing sophisticated items in order to obtain a significant share of the global metal oxide varistor (MOV) market. Large investments and these new product releases are expected to provide immense opportunities for new entrants and existing players in the industry, which is expected to continue to be beneficial over the forecast period.
Expanding Application in Aerospace and Healthcare Sectors to Open New Revenue Streams
The widespread use of MOV in the electronic and communication industries is a major factor driving up demand for MOVs. In addition to that, expanding its applications in healthcare, defense, and aerospace is likely to boost growth of the global metal oxide varistor (MOV) market in the years to come. Huge funding in research and development activities provide immense opportunities for the market participants to expand. However, the global metal oxide varistor (MOV) market is being stifled by high clamping voltage and unpredictable pricing of raw materials.
Over the forecast timeline, Asia Pacific is likely to dominate the market, and due to continued uptake of automation technology in industries and improvements in industrial infrastructure, the region is anticipated to continue do so in the years to come. The global metal oxide varistor (MOV) market is anticipated to expand due to the region's high investment and growth in communication technologies. Due to its efficiency in protecting electronic products from high voltage, the ring metal oxide varistor continues to be one of the prominent products in the market and is expected to remain so in the years to come.
The global metal oxide varistor (MOV) market has been segmented into:
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Chapter 1 Preface
1.1 Research Scope
1.2 Market Segmentation
1.3 Research Objectives
1.4 Key Questions Answered
Chapter 2 Assumptions and Research Methodology
2.1 Report Assumptions
2.2 Acronyms Used
2.3 Research Methodology
Chapter 3 Executive Summary
3.1 Global Metal Oxide Varistor (MOV) Market Snapshot
3.2 Market Opportunity Map
3.3 Zinc Oxide (ZnO) as Composition
Chapter 4 Market Dynamics
4.1 Overview
4.2 Market Taxonomy
4.3 Key Trends Analysis
4.4 Drivers and Restraints Snapshot Analysis
4.5 Drivers
4.5.1 Reduced Input Cost
4.5.2 Increased market penetration
4.5.3 Increased awareness of safety devices
4.6 Restraints
4.6.1 Increase in usage of advanced substitutes
4.7 Opportunities
4.8 Opportunity Analysis
Chapter 5 Global Metal Oxide Varistor Market Analysis, by Type, 2017–2025
5.1 Key Trends Analysis
5.2 Introduction
5.3 Global Metal Oxide Varistor Market, Revenue Share Analysis, by Type, 2016–2025
5.4 Global Metal Oxide Varistor Market Analysis, by Type, 2017-2025
5.4.1 Global Metal Oxide Varistor (MOV) Market for Disc varistor, Revenue (US$ Bn), 2016–2025
5.4.2 Global Metal Oxide Varistor (MOV) Market for Strap varistor, Revenue (US$ Bn), 2016–2025
5.4.3 Global Metal Oxide Varistor (MOV) Market for Block varistor, Revenue (US$ Bn), 2016–2025
5.4.4 Global Metal Oxide Varistor (MOV) Market for Ring varistor, Revenue (US$ Bn), 2016–2025
5.4.5 Global Metal Oxide Varistor (MOV) Market for Other varistor, Revenue (US$ Bn), 2016–2025
5.5 Global Metal Oxide Varistor Market Attractiveness Analysis, by Type, 2017-2025
Chapter 6 Global Metal Oxide varistor Market Analysis, by End-user Industry, 2017 - 2025
6.1 Key Trends Analysis
6.2 Introduction
6.3 Global Metal Oxide Varistor (MOV) Market, Revenue Share Analysis, by End-User Industry, 2016-2025
6.4 Global Metal Oxide Varistor Market Revenue Analysis, by End-User Industry, 2017-2025
6.4.1 Global Metal Oxide Varistor (MOV) Market for Automotive Electronics, Revenue (US$ Bn), 2016–2025
6.4.2 Global Metal Oxide Varistor (MOV) Market for Line Voltage Equipment, Revenue (US$ Bn), 2016–2025
6.4.3 Global Metal Oxide Varistor (MOV) Market for Wireless Handset Telecommunication, Revenue (US$ Bn), 2016–2025
6.4.4 Global Metal Oxide Varistor (MOV) Market for Industrial Power Electronics, Revenue (US$ Bn), 2016–2025
6.4.5 Global Metal Oxide Varistor (MOV) Market for Consumer Electronics, Revenue (US$ Bn), 2016–2025
6.4.6 Global Metal Oxide Varistor (MOV) Market for Lighting Ballasts, Revenue (US$ Bn), 2016–2025
6.4.7. Global Metal Oxide Varistor (MOV) Market for Others, Revenue (US$ Bn), 2016–2025
6.5 Global Metal Oxide Varistor Market Attractiveness Analysis, by Type, 2017-2025
Chapter 7 Global Metal Oxide Varistor Market Analysis, by Construction, 2017- 2025
7.1 Key Trends Analysis
7.2 Introduction
7.3 Global Metal Oxide Varistor (MOV) Market, Revenue Share Analysis, by Construction, 2016-2025
7.4 Global Metal Oxide Varistor Market Revenue Analysis, by Construction, 2017-2025
7.5.1 Global Metal Oxide Varistor (MOV) Market for Surface Mount MOV, Revenue (US$ Bn), 2016–2025
7.5.2 Global Metal Oxide Varistor (MOV) Market for Through Hole MOV, Revenue (US$ Bn), 2016–2025
7.5 Global Metal Oxide Varistor Market Attractiveness Analysis, by Type, 2017-2025
Chapter 8 Metal Oxide Varistor Market Analysis, 2017-2025, by Region
8.1 Global Regulatory Scenario
8.2 Introduction
8.3 Global Metal Oxide Varistor (MOV) Market Revenue Share Analysis, by Region
8.4 Global Metal Oxide Varistor (MOV) Market Revenue Forecast, by Region
Chapter 9 North America Metal Oxide Varistor (MOV) Market Analysis
9.1 North America Metal Oxide Varistor (MOV) Market Overview
9.2 North America Metal Oxide Varistor (MOV) Market Revenue Share Analysis, by Type
9.3 North America Metal Oxide Varistor (MOV) Market Revenue Forecast, by Type
9.4 North America Metal Oxide varistor Market Revenue Share Analysis, by End User Industry
9.5 North America Metal Oxide varistor Market Revenue Forecast, by End User Industry
9.6 North America Metal Oxide varistor Market Revenue Share Analysis, by Construction
9.7 North America Metal Oxide varistor Market Revenue Forecast, by Construction
9.8 North America Metal Oxide varistor Market Revenue Share Analysis, by Country
9.9 North America Metal Oxide Varistor (MOV) Market Revenue Forecast, by Country
9.9.1 U.S.
9.9.2 Canada
9.9.3 Mexico
Chapter 10 Europe Metal Oxide Varistor (MOV) Market Analysis
10.1 Europe Metal Oxide Varistor (MOV) Market Overview
10.2 Europe Metal Oxide Varistor (MOV) Market Revenue Share Analysis, by Type
10.3 Europe Metal Oxide Varistor (MOV) Market Revenue Forecast, by Type
10.4 Europe Metal Oxide varistor Market Revenue Share Analysis, by End User Industry
10.5 Europe Metal Oxide varistor Market Revenue Forecast, by End User Industry
10.6 Europe Metal Oxide varistor Market Revenue Share Analysis, by Construction
10.7 Europe Metal Oxide varistor Market Revenue Forecast, by Construction
10.8 Europe Metal Oxide varistor Market Revenue Share Analysis, by Country
10.9 Europe Metal Oxide varistor Market Revenue Forecast, by Country
10.9.1 U.K.
10.9.2 Italy
10.9.3 Germany
10.9.4 France
10.9.5 Rest of Europe
Chapter 11 Asia-Pacific Metal Oxide Varistor (MOV) Market Analysis
11.1 Asia-Pacific Metal Oxide Varistor (MOV) Market Overview
11.2 Asia-Pacific Metal Oxide Varistor (MOV) Market Revenue Share Analysis, by Type
11.3 Asia-Pacific Metal Oxide Varistor (MOV) Market Revenue Forecast, by Type
11.4 Asia-Pacific Metal Oxide varistor Market Revenue Share Analysis, by End User Industry
11.5 Asia-Pacific Metal Oxide varistor Market Revenue Forecast, by End User Industry
11.6 Asia-Pacific Metal Oxide varistor Market Revenue Share Analysis, by Construction
11.7 Asia-Pacific Metal Oxide varistor Market Revenue Forecast, by Construction
11.8 Asia-Pacific Metal Oxide varistor Market Revenue Share Analysis, by Country
11.9 Asia-Pacific Metal Oxide varistor Market Revenue Forecast, by Country
11.9.1 India
11.9.2 China
11.9.3 Japan
11.9.4 South Korea
11.9.5 Rest of Asia Pacific
Chapter 12 Middle East & Africa Metal Oxide Varistor (MOV) Market Analysis
12.1 Middle East & Africa Metal Oxide Varistor (MOV) Market Overview
12.2 Middle East & Africa Metal Oxide Varistor (MOV) Market Revenue Share Analysis, by Type
12.3 Middle East & Africa Metal Oxide Varistor (MOV) Market Revenue Forecast, by Type
12.4 Middle East & Africa Metal Oxide Varistor Market Revenue Share Analysis, by End User Industry
12.5 Middle East & Africa Metal Oxide Varistor Market Revenue Forecast, by End User Industry
12.6 Middle East & Africa Metal Oxide Varistor Market Revenue Share Analysis, by Construction
12.7 Middle East & Africa Metal Oxide Varistor Market Revenue Forecast, by Construction
12.8 Middle East & Africa Metal Oxide Varistor Market Revenue Share Analysis, by Country
12.9 Middle East & Africa Metal Oxide Varistor Market Revenue Forecast, by Country
12.9.1 UAE
12.9.2 South Africa
12.9.3Rest of Middle East & Africa
Chapter 13 Latin America Metal Oxide Varistor (MOV) Market Analysis
13.1 Latin America Metal Oxide Varistor (MOV) Market Overview
13.2 Latin America Metal Oxide Varistor (MOV) Market Revenue Share Analysis, by Type
13.3 Latin America Metal Oxide Varistor (MOV) Market Revenue Forecast, by Type
13.4 Latin America Metal Oxide varistor Market Revenue Share Analysis, by End User Industry
13.5 Latin America Metal Oxide varistor Market Revenue Forecast, by End User Industry
13.6 Latin America Metal Oxide varistor Market Revenue Share Analysis, by Construction
13.7 Latin America Metal Oxide varistor Market Revenue Forecast, by Construction
13.8 Latin America Metal Oxide varistor Market Revenue Share Analysis, by Country
13.9 Latin America Metal Oxide varistor Market Revenue Forecast, by Country
13.9.1 Brazil
13.9.2 Rest of Latin America
Chapter 14 Company Profiles
14.1 TDK Corporation
14.1.1 Company Details (HQ, Foundation Year, Employee Strength)
14.1.2 Market Presence, By Segment and Geography
14.1.3 Strategic Overview
14.1.4 SWOT analysis
14.1.5 Historical Revenue
14.2 General Electric
14.2.1 Company Details (HQ, Foundation Year, Employee Strength)
14.2.2 Market Presence, By Segment and Geography
14.2.3 Strategic Overview
14.2.4 SWOT analysis
14.2.5 Historical Revenue
14.3 KEMET Corporation
14.3.1 Company Details (HQ, Foundation Year, Employee Strength)
14.3.2 Market Presence, By Segment and Geography
14.3.3 Strategic Overview
14.3.4 SWOT analysis
14.3.5 Historical Revenue
14.5 Moda-Innochips Co. Ltd.
14.5.1 Company Details (HQ, Foundation Year, Employee Strength)
14.5.2 Market Presence, By Segment and Geography
14.5.3 Strategic Overview
14.5.4 SWOT analysis
14.5.5 Historical Revenue
14.6 MDE Semiconductor Inc.
14.6.1 Company Details (HQ, Foundation Year, Employee Strength)
14.6.2 Market Presence, By Segment and Geography
14.6.3 Strategic Overview
14.6.4 SWOT analysis
14.6.5 Historical Revenue
14.4 Dean Technology Inc.
14.4.1 Company Details (HQ, Foundation Year, Employee Strength)
14.4.2 Market Presence, By Segment and Geography
14.4.3 Strategic Overview
14.4.4 SWOT analysis
14.4.5 Historical Revenue
14.7 Centra Science Corp.
14.7.1 Company Details (HQ, Foundation Year, Employee Strength)
14.7.2 Market Presence, By Segment and Geography
14.7.3 Strategic Overview
14.7.4 SWOT analysis
14.7.5 Historical Revenue
14.8 Amotech Corp.
14.8.1 Company Details (HQ, Foundation Year, Employee Strength)
14.8.2 Market Presence, By Segment and Geography
14.8.3 Strategic Overview
14.8.4 SWOT analysis
14.8.5 Historical Revenue
14.9 Vishay Intertechnology Inc.
14.9.1 Company Details (HQ, Foundation Year, Employee Strength)
14.9.2 Market Presence, By Segment and Geography
14.9.3 Strategic Overview
14.9.4 SWOT analysis
14.9.5 Historical Revenue
14.10 Murata Manufacturing Co. Ltd.
14.10.1 Company Details (HQ, Foundation Year, Employee Strength)
14.10.2 Market Presence, By Segment and Geography
14.10.3 Strategic Overview
14.10.4 SWOT analysis
14.10.5 Historical Revenue
List of Tables
1 Global Metal Oxide varistor Market Revenue (US$ Bn) Forecast, by Region, 2016–2025
2 North America Metal Oxide varistor Market Revenue (US$ Bn) Forecast, by Type, 2016–2025
3 North America Metal Oxide varistor Market Revenue (US$ Bn) Forecast, by End User Industry, 2016–2025
4 North America Metal Oxide varistor Market Revenue (US$ Bn) Forecast, by Application, 2016–2025
5 North America Metal Oxide varistor Market Revenue (US$ Bn) Forecast, by Country, 2016–2025
6 Europe Metal Oxide varistor Market Revenue (US$ Bn) Forecast, by Type, 2016–2025
7 Europe Metal Oxide varistor Market Revenue (US$ Bn) Forecast, by End User Industry, 2016–2025
8 Europe Metal Oxide varistor Market Revenue (US$ Bn) Forecast, by Application, 2016–2025
9 Europe Metal Oxide varistor Market Revenue (US$ Bn) Forecast, by Country, 2016–2025
10 Asia-pacific Metal Oxide varistor Market Revenue (US$ Bn) Forecast, by Type, 2016–2025
11 Asia-pacific Metal Oxide varistor Market Revenue (US$ Bn) Forecast, by End User Industry, 2016–2025
12 Asia-pacific Metal Oxide varistor Market Revenue (US$ Bn) Forecast, by Application, 2016–2025
13 Asia-pacific Metal Oxide varistor Market Revenue (US$ Bn) Forecast, by Country, 2016–2025
14 Middle East & Africa Metal Oxide varistor Market Revenue (US$ Bn) Forecast, by Type, 2016–2025
15 Middle East & Africa Metal Oxide varistor Market Revenue (US$ Bn) Forecast, by End User Industry, 2016–2025
16 Middle East & Africa Metal Oxide varistor Market Revenue (US$ Bn) Forecast, by Application, 2016–2025
17 Middle East & Africa Metal Oxide varistor Market Revenue (US$ Bn) Forecast, by Country, 2016–2025
18 Middle East & Africa Metal Oxide varistor Market Revenue (US$ Bn) Forecast, by Type, 2016–2025
19 Middle East & Africa Metal Oxide varistor Market Revenue (US$ Bn) Forecast, by End User Industry, 2016–2025
20 Middle East & Africa Metal Oxide varistor Market Revenue (US$ Bn) Forecast, by Application, 2016–2025
21 Middle East & Africa Metal Oxide varistor Market Revenue (US$ Bn) Forecast, by Country, 2016–2025
List of Figures
1 Research Methodology
2 Market Revenue, Indicative (US$ Bn)
4 Global Metal Oxide Varistor (MOV) Market, Revenue Share Analysis, by Type, 2016 and 2025
5 Global Metal Oxide Varistor (MOV) Market for Disc varistor, Revenue (US$ Bn), 2016–2025
6 Global Metal Oxide Varistor (MOV) Market for Strap varistor, Revenue (US$ Bn), 2016–2025
7 Global Metal Oxide Varistor (MOV) Market for Block Varistor, Revenue (US$ Bn), 2016–2025
8 Global Metal Oxide Varistor (MOV) Market for Ring Varistor, Revenue (US$ Bn), 2016–2025
9 Global Metal Oxide Varistor (MOV) Market for Others, Revenue (US$ Bn), 2016-2025
10 Global Metal Oxide Varistor Market Attractiveness Analysis, by Type, 2017-2025
11 Global Metal Oxide varistor Market, Revenue Share Analysis, by End-user Industry, 2016–2025
12 Global Metal Oxide Varistor (MOV) Market Analysis for Automotive Electronics, Revenue (US$ Bn), 2016-2025
13 Global Metal Oxide Varistor (MOV) Market Analysis for Line Voltage Equipment, Revenue (US$ Bn), 2016–2025
14 Global Metal Oxide Varistor (MOV) Market Analysis for Wireless Handset Telecommunication, Revenue (US$ Bn), 2016–2025
15 Global Metal Oxide Varistor (MOV) Market Analysis for Industrial Power Electronics, Revenue (US$ Bn), 2016–2025
16 Global Metal Oxide Varistor (MOV) Market Analysis for Consumer Electronics, Revenue (US$ Bn), 2016-2025
17 Global Metal Oxide Varistor (MOV) Market Analysis for Lighting Ballasts, Revenue (US$ Bn), 2016-2025
18 Global Metal Oxide Varistor (MOV) Market for Others Metal Oxide Varistor, Revenue (US$ Bn), 2016-2025
19 Global Metal Oxide Varistor (MOV) Market Attractiveness Analysis, by End User Industry, 2016
20 Global Metal Oxide varistor Market, Revenue Share Analysis, by Construction, 2016–2025
21 Global Metal Oxide Varistor (MOV) Market Analysis for Surface Mount MOV, Revenue (US$ Bn), 2016-2025
22 Global Metal Oxide Varistor (MOV) Market Analysis for Through Hole, Revenue (US$ Bn), 2016–2025
23 Global Metal Oxide Varistor (MOV) Market Attractiveness Analysis, by Construction, 2016
24 Global Regulatory Scenario
25 Global Metal Oxide Varistor (MOV) Market Revenue Share Analysis, by Region, 2016 and 2025
26 North America Metal Oxide varistor Market Size (US$ Bn) Forecast, 2016–2025
27 North America Metal Oxide varistor Market Attractiveness, 2016–2025
28 North America Metal Oxide varistor Market Revenue Share Analysis, by Type, 2016 and 2025
29 North America metal oxide varistor Market Revenue Share Analysis, by End User Industry, 2016 and 2025
30 North America Metal Oxide varistor Market Revenue Share Analysis, by Construction, 2016 and 2025
31 North America Metal Oxide varistor Market Revenue Share Analysis, by Country, 2016 and 2025
32 Europe Metal Oxide varistor Market Size (US$ Bn) Forecast, 2016–2025
33 Europe Metal Oxide varistor Market Attractiveness, 2016–2025
34 Europe Metal Oxide varistor Market Revenue Share Analysis, by Type, 2016 and 2025
35 Europe Metal oxide varistor Market Revenue Share Analysis, by End User Industry, 2016 and 2025
36 Europe Metal Oxide varistor Market Revenue Share Analysis, by Construction, 2016 and 2025
37 Europe Metal Oxide varistor Market Revenue Share Analysis, by Country, 2016 and 2025
38 Asia Pacific Metal Oxide varistor Market Size (US$ Bn) Forecast, 2016–2025
39 Asia Pacific Metal Oxide varistor Market Attractiveness, 2016–2025
40 Asia Pacific Metal Oxide varistor Market Revenue Share Analysis, by Type, 2016 and 2025
41 Asia Pacific Metal oxide varistor Market Revenue Share Analysis, by End User Industry, 2016 and 2025
42 Asia Pacific Metal Oxide varistor Market Revenue Share Analysis, by Construction, 2016 and 2025
43 Asia Pacific Metal Oxide varistor Market Revenue Share Analysis, by Country, 2016 and 2025
44 Middle East & Africa Metal Oxide varistor Market Size (US$ Bn) Forecast, 2016–2025
45 Middle East & Africa Metal Oxide varistor Market Attractiveness, 2016–2025
46 Middle East & Africa Metal Oxide varistor Market Revenue Share Analysis, by Type, 2016 and 2025
47 Middle East & Africa metal oxide varistor Market Revenue Share Analysis, by End User Industry, 2016 and 2025
48 Middle East & Africa Metal Oxide varistor Market Revenue Share Analysis, by Construction, 2016 and 2025
49 Middle East & Africa Metal Oxide varistor Market Revenue Share Analysis, by Country, 2016 and 2025
50 Latin America Metal Oxide varistor Market Size (US$ Bn) Forecast, 2016–2025
51 Latin America Metal Oxide varistor Market Attractiveness, 2016–2025
52 Latin America Metal Oxide varistor Market Revenue Share Analysis, by Type, 2016 and 2025
53 Latin America Metal oxide varistor Market Revenue Share Analysis, by End User Industry, 2016 and 2025
54 Latin America Metal Oxide varistor Market Revenue Share Analysis, by Construction, 2016 and 2025
55 Latin America Metal Oxide varistor Market Revenue Share Analysis, by Country, 2016 and 2025
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Metal Oxide Varistor (MOV) Market
*86 figures and 60 tables includes