Metal Oxide Varistors Market
Metal Oxide Varistors Market (Terminal Type - Radial, Axial, SMD/SMT, Screw, Others (Solder, Straight); Application - Consumer Electronics, Automotive Electronics, Telecommunications Equipment, Industrial Equipment) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026
- Category : Electronics & Semiconductors
- Format :
Press Release :
Global Metal Oxide Varistors Market - Snapshot
Metal oxide varistors (MOV) is a frontline solution for different semiconductor and electronics devices. In addition, metal oxide varistors are used to protect a circuit from high voltage surge. When a voltage surge exceeds a specified voltage, the varistors suppresses the voltage to protect the circuit. Increasing demand for metal oxide varistor applications across consumer electronics, telecommunication equipment, automotive electronics, and industrial equipment has led to the adoption of metal oxide varistors worldwide. On the parameters of safety, efficiency and cost, metal oxide varistors have cost advantage as they are the cheapest among passive components. The global market for metal oxide varistors is forecast to quickly grow to US$ 16,769.2Mnby 2026 from US$ 6,220.0Mn in 2017, recording a CAGR of 11.9%.
The metal oxide varistors market has seen demand traction due to rising demand for consumer electronics as well as in telecommunication applications. Metal oxide varistors have proven to be excellent protective devices because of their high reliability and application flexibility. P-N junctions make MOVs voltage dependent devices. Additionally, MOVs are bidirectional devices showing electrical behavior similar to back-to-back zener diodes. Increasing demand for metal oxide varistor based devices across various end-use application sectors such as industrial equipment and measuring and controlling systems is projected to bolster the demand for metal oxide varistors. Consumer awareness about safety and efficiency has the potential to boost the demand for metal oxide varistors. These factors will offer ample opportunities for the growth of the metal oxide varistors market in the near future. In order to restrict electrical surge, electrical device manufacturers are continuously focusing and developing new technology and maintaining international quality standards to keep their devices safe. Metal oxide varistors were originally designed to protect electric motors and circuit boards and operate in the nanosecond range. The growing demand for primary protection of equipment from surges is driving the market for metal oxide varistors and is expected to create better opportunity for MOV manufacturers in the near future. With the increasing use of electronic equipment, the need for frontline surge protection systems for such critical equipment has been increasing at a rapid pace. This factor is augmenting the market for metal oxide varistors in different end-use industry segments, which is expected to create new revenue pockets for the metal oxide varistor market during the forecast period. The essential properties of metal oxide varistor make it the most suitable choice for consumer electronics and automotive electronics manufacturers. Increasing application areas of various smart electronics devices/gadgets worldwide is one of the major motivating factors which is anticipated to drive the demand for metal oxide varistors. On the flip side, fluctuation of raw material cost and rising price based competition are the major factors expected to hinder the growth of the market during the forecast period.
The global metal oxide varistors market is highly fragmented in nature with large number of companies operating in the market. Leading players are currently focusing on providing technologically enhanced products to customers. Increasing demand for metal oxide varistor based devices coupled with decreasing cost in the long run is expected to encourage various investors to invest in this new technology. Moreover, as part of this strategy, companies are engaging in various strategic partnerships, acquisitions, and focusing on expanding their business through new service additions and geographical presence.
Some of the major players operating in the global metal oxide varistors market and profiled in the study include TDK Corporation, KEMET Electronics Corporation, Dean Technology, Inc., MDE Semiconductor Inc., CeNtRa Science Corporation, Amotech Corporation, Vishay Intertechnology Inc., Murata Manufacturing Co. Ltd., Littelfuse, Inc., AVX Corporation, Bourns, Inc., and Panasonic Corporation.
Thriving Electronics and Telecommunication Industry to Invite Extensive Growth Opportunities for the Metal Oxide Varistors Market
The growing influence of technological advancements across the electronics and communication industry has increased substantially over the years. The influence of these industries is expanding at a rapid rate across a large number of regions around the world. Based on these factors, the global metal oxide varistors market expects to bring extensive growth opportunities during the assessment period of 2018-2026.
- Metal oxide varistors are non-linear devices that offer great transient voltage suppression. These devices are voltage-dependent and are the most commonly used technologies in electrical transient protection products. These devices are used extensively for line to line protection, switching protection, over-voltage protection, arching protection, and voltage spike protection. The functionalities and benefits attached to these devices will bring extensive growth opportunities for the metal oxide varistors market across the forecast period of 2018-2026.
- The growing use of metal oxide varistors in LED lighting will bring tremendous growth opportunities during the assessment period. The use of LED lights has increased substantially over the years. The growing influence of these lights among a considerable chunk of the global populace due to their energy-saving properties will eventually increase the growth rate of the metal oxide varistors market. These varistors are used in LED lights for restraining surge energy. All these aspects join the dots of growth.
- Research and development activities play a crucial role in the growth of the metal oxide varistors market. Furthermore, strategic collaborations add extra stars of growth. Expansion activities are also a priority on the list of the players in the metal oxide varistors market. All these activities help in sowing the seeds of growth.
- The COVID-19 pandemic has led to tremendous losses across a massive number of industries and sectors. The metal oxide varistors market is no exception. The stringent lockdown restrictions imposed by numerous countries ruined the overall growth fabric of the metal oxide varistors market. However, easing of restrictions is helping the players to bounce back.
Global Metal Oxide Varistors Market: Overview
This comprehensive report by Transparency Market Research analyzes and forecasts the metal oxide varistors market at the global and regional level. The report provides analysis over the period 2016–2026, wherein 2018 to 2026 is the forecast period and the base year is 2017. An in-depth and unbiased market assessment has been made to offer readers in-depth and accurate analysis. The report highlights all the major trends and services playing a key role in the growth of the metal oxide varistors market during 2018- 2026. It also focuses on market drivers, restraining factors, and opportunities of the metal oxide varistors market during the said period. The study provides a complete perspective about the metal oxide varistors market growth throughout the research study in terms of value (in US$ Mn) across various geographies, including North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America.
The report includes a detailed value chain analysis, which is focused on providing an extensive view of the global metal oxide varistors market. Porter’s Five Forces analysis is also provided to understand the competitive scenario in the global metal oxide varistors market. The study incorporates a market attractiveness analysis, wherein the market segments, for instance, terminal type and application are benchmarked based on their market size, growth rate, and attractiveness in terms of opportunity. In order to give a complete analysis of the overall competitive scenario in the metal oxide varistors market, every geographic region mentioned in the report is provided with attractiveness analysis.
A market overview chapter in the report explains the market trends and dynamics which include the market drivers, restraining factors, and opportunities for the current and future metal oxide varistors market. A market outlook analysis has been provided globally in the report. Additionally, the report also provides analysis of different business strategies being adopted by market leaders of the metal oxide varistors market. Market introduction chapter assists in gaining an idea of different trends and services related to the metal oxide varistors market along with their types and applications.
Global Metal Oxide Varistors Market: Scope of the Report
The study provides a decisive view on the global metal oxide varistors market, by segmenting the market on the basis of terminal type into radial, axial, SMD/SMT, screw, others (solder, straight, etc.).Based on application, the market has been bifurcated into consumer electronics, automotive electronics, telecommunications equipment, and industrial equipment. The report provides a detailed breakdown of the metal oxide varistors market region-wise and categorizes it at various levels, thus providing valuable insights at micro and macro levels.
The report highlights the competitive scenario within the metal oxide varistors market, thus ranking all the major players according to key recent developments and their geographic presence. The insights for the metal oxide varistors are the result of our extensive primary interviews, secondary research, and in-house expert panel reviews. These market estimates have been analyzed by considering the impact of different economic, political, social, legal, and technological factors.
Based on country, the North America market is bifurcated into the U.S., Canada, and Rest of North America. The Europe market is analyzed across France, Germany, the U.K., and Rest of Europe. The APAC metal oxide varistors market is also segmented at country level which includes China, Japan, India, South Korea, and Rest of Asia Pacific. Middle East &Africa region covers the G.C.C. countries, South Africa, and Rest of Middle East &Africa. Similarly, South America region includes Brazil and Rest of South America. This report provides all the strategic information required to understand the metal oxide varistors market along with its terminal types and application. The report provides insights related to the applications and different end-users according to the various geographical regions mentioned above.
Global Metal Oxide Varistors Market: Research Methodology
The research methodology is a perfect combination of primary research, secondary research and expert panel reviews. Secondary sources such as annual reports, company websites, SEC filings and investor presentations, national government documents, internal and external proprietary databases, statistical databases, relevant patent and regulatory databases, market reports, government publications, statistical databases, World Bank database, and industry white papers are usually referred.
Primary research involves telephonic interviews, e-mail interactions, and face-to-face interviews for detailed and unbiased reviews on the metal oxide varistors market, across geographies. Primary interviews are usually conducted on an ongoing basis with industry experts and participants in order to get latest market insights and validate the existing data and analysis. Primary interviews offer new and fresh information on important factors such as market trends, market size, competitive landscape, growth trends, etc. These factors help to validate and strengthen secondary research findings. Moreover, the data collected and analyzed from secondary and primary research is again discussed and examined by our expert panel.
Global Metal Oxide Varistors Market: Competitive Dynamics
The research study includes profiles of leading companies operating in the global metal oxide varistors market. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments. Parameters such as metal oxide varistors investment & spending and developments by major players of the market are tracked. Some of the key players in the metal oxide varistors market are TDK Corporation, KEMET Electronics Corporation, Dean Technology, Inc., MDE Semiconductor Inc., CeNtRa Science Corporation, AmotechCorporation, Vishay Intertechnology Inc., Murata Manufacturing Co. Ltd., Littelfuse, Inc., AVX Corporation, Bourns, Inc., and Panasonic Corporation.
The global metal oxide varistors market has been segmented as follows:
Global Metal Oxide Varistors Market
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