Multilayer Varistors Market - Introduction
Multilayer varistors is a control element that have ability to absorb high transient energies and can suppress electrostatic discharge (ESD). Thus they are used to protect the electronics systems and components from damage occurred due to overvoltage. Multilayer varistors are constructed from semiconducting ceramics by the highly advanced multilayer formation technologies, which can offer excellent absorption of transient energy and internal heat dissipation and also provide rugged protection. Owing to high transient energy abortion ability, multilayer varistors are largely used in various applications to protect electronics circuit such as mother board, mobile phone, handheld device, scanner, and I/O Port such as RS232, USB, PS2, and VGA. The multilayer varistors are also known by its short forms such as ML and MLV.
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Multilayer Varistors Market – Competitive Landscape
Eaton Corporation Plc
Founded in 1916, Eaton Corporation Plc is headquartered in Dublin, Ireland. The company operates as a global power management company. The company’s electrical product segment includes residential products, industrial and electrical components, single phase power quality products, fire detection and emergency lighting products, structural support systems, wiring devices, and lighting and circuit protection products. Eaton Corporation Plc serves diversified industrial verticals such as industrial, residential, governmental, utility, institutional, commercial, information technology, renewable energy, oil and gas, marine, agriculture, construction, mining, forestry, material handling, truck and bus, machine tools, molding, primary metals, and power generation markets, as well as original equipment manufacturers and aftermarket customers.
AVX Corporation is a leading global manufacturer and provider of electronic components. The company is incorporated in 1972 and based in Fountain Inn, South Carolina, U.S. The AVX Corporation is operate as a subsidiary of Kyocera Corporation. The company served leading end-use industries such as industrial, military, automotive, medical, consumer electronics, transportation, and communications.
TDK Electronics AG
The company incorporated in 1935 and based in Munich, Germany. TDK Electronics AG develops, manufacture, and supply electronic components and systems worldwide under the TDK and EPCOS product brands. The company mainly focused on leading edge technology market that includes automotive electronics, consumer electronics and industrial electronics. TDK Electronics AG has strong employee base of 22,900 peoples that operates through company’s 20 design and production locations.
Stackpole Electronics, Inc.
Established in 1928, Stackpole Electronics, Inc. is a privately held company based in Raleigh, North Carolina, U.S. The company is a leading worldwide design and manufacturer of resistive components that includes thin and thick film surface mount resistors, wirewound and axial leaded resistors, inductors, current sense resistors, and various power resistors. Stackpole Electronics, Inc. offers different types of varistors such as multilayer varistors, single layer varistors, automotive varistors, and specialty/custom varistors. The company’s manufacturing units are presents in Mexico, Japan, Taiwan, and China and has sales offices in Singapore, Hong Kong, Tokyo, and Taiwan.
Founded in 1927, Littelfuse, Inc. is a leading design and manufacturer of power control, sensing, and circuit protection products. The company’s products are largely used in applications that use electrical energy. The company largely focuses on strategic acquisitions to broaden its product offerings to the automotive, industrial and consumer industry. Littelfuse, Inc. has more than 50 manufacturing, sales, and engineering facilities worldwide.
Some of the key players operating in the global multilayer varistors market with significant developments include INPAQ Technology Co., Ltd., Vishay Intertechnology, Inc, SFI Electronics Technology Inc, Cham How Corporation, KOA Speer Electronics, Inc., Bourns, Inc., Thinking Electronic Industrial Co.,Ltd., and among others.
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Multilayer Varistors Market – Dynamics
Growing Adoption of IoT Technology in Various Industries
In recent years the adoption of IoT is largely increased owing to this the remarkable growth can be seen in the development of wireless communication devices. These devices are comprised of various electronics circuits and components. Thus to deliver optimal operating conditions or to protect against excessive transient voltages the varistors are used as a control elements in circuits. Controlling excessive transient voltages can prevent any electronic circuit from damage which will reduce the maintenance cost of the system. This factor is likely to increase the demand of varistors which drives the growth of multilayer varistors market.
Rising Adoption of Multilayer Varistors Owing to Its Significant Advantage
There has been an evident rise in the demand for multilayer varistors owing to its significant advantages over its substitutes such as laser diodes. Multilayer varistors offers transmission of elevated connected energies at low cost which is likely to drive the growth of the global multilayer varistors market. Furthermore, the global rise in applications of power transmission and allocation electronics is expected to propel the multilayer varistors market.
Multilayer Varistors Market – Segmentation
The multilayer varistors market can be bifurcated on the basis of:
- End-use Industry
Multilayer Varistors Market Segmentation – By Size
Depending on the size, the multilayer varistors market can be divided into:
- Above 1210
Multilayer Varistors Market Segmentation – By End-use Industry
On the basis of the end-use industry, the multilayer varistors market can be fragmented into:
- Energy & Power
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.