Zinc Oxide Non-linear Resistors (ZNR) Market

Zinc Oxide Non-linear Resistors (ZNR) Market: Introduction

• Zinc oxide non-linear resistor (ZNR) is an electronic circuit developed to protect electronic equipment against voltage transients and surges
• It offers a wide range of features such as rugged and reliable overvoltage protection, many form factor and protection ranges available, high surge capability - up to 70,000 amps, and thermal protection options
• These features make the zinc oxide non-linear resistors (ZNR) most significant for renewable energy applications and electric vehicles, which is expected to boost its market growth during the forecast period

Rise in Adoption from Automotive & Transportation Industry

• Based on the end-use industry, the global zinc oxide non-linear resistors (ZNR) market can be segmented into Aerospace & Defense, Automotive & Transportation, Power & Energy, Healthcare, Consumer Electronics, Oil & Gas and Others (Paper & Pulp, Metal & Mining, etc.)
• The power & energy segment is expected to grow at a rapid pace during the forecast period due to an increase in use of zinc oxide non-linear resistors (ZNR) for generator protection and power distribution.
• Zinc oxide non-linear resistors (ZNR) is primarily used for EV battery modules/packs, electric powertrain, DC fast chargers and EV power electronics. This factor is significantly driving the demand for zinc oxide non-linear resistors (ZNR) in the automotive & transportation industry.
• Rising adoption of zinc oxide non-linear resistors (ZNR) for all battery chemistries, fuel-cells, super capacitors, and energy storage systems is further propelling the market

Asia Pacific to Lead the Zinc Oxide Non-linear Resistors (ZNR) Market

• In terms of region, the global zinc oxide non-linear resistors (ZNR) market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America
• Asia Pacific is expected to hold the largest share of the zinc oxide non-linear resistors (ZNR) market during the forecast period due to a rise in the demand from automotive, and power generation industries
• Zinc oxide non-linear resistors (ZNR) are widely utilized for motors that are used in making regenerative energies usable for the future such as hydropower plants, biomass power stations, photovoltaic fields and wind turbines and mechanical energy generation for mills and sawmills, because wind power is mostly being converted into electrical energy source for electricity & power generation
• Rising urbanization & industrialization, the proliferation of the internet of things (IoT), running investment in advanced factory automation solution, innovations in hybrid & electric vehicles, electromobility in tier 1& tier 2 cities of India & China are other factors boosting the zinc oxide non-linear resistors (ZNR) market in Asia Pacific
• The zinc oxide non-linear resistors (ZNR) market in North America and Europe is expected to expand at a significant pace during the forecast period due to a rise in the demand for zinc oxide non-linear resistors (ZNR) from a wide range of industries such as automotive, consumer electronics, and power. Moreover, the growth is anticipated to be driven by leading countries such as the U.S., Canada, Germany, France, Italy, and Spain. The zinc oxide non-linear resistors (ZNR) market in Middle East & Africa and South America is anticipated to grow at a steady pace during the forecast period.

Key Players Operating in Global Zinc Oxide Non-linear Resistors (ZNR) Market

The key players operating in the global zinc oxide non-linear resistors (ZNR) market are engaged in developing technologically advanced products to cater to the rising demand for zinc oxide non-linear resistors (ZNRs). Furthermore, several manufacturers are focusing on strategic mergers and acquisition of local manufacturers and system designers to strengthen their product offerings and expand their geographic reach.

Leading players operating in the global zinc oxide non-linear resistors (ZNR) market include:

• Panasonic Corporation
• TDK Electronics AG
• Hill Technical Sales (HillTech)
• Littelfuse, Inc.
• TE Connectivity
• Elpro
• AEP Components
• HVR International

Global Zinc Oxide Non-linear Resistors (ZNR) Market: Research Scope

Global Zinc Oxide Non-linear Resistors (ZNR) Market, by Application

• Generator Protection
• Transformer Station
• Power Distribution
• Others

Global Zinc Oxide Non-linear Resistors (ZNR) Market, by End-use Industry

• Automotive & Transportation
• Consumer Electronics
• Power & Energy
• Aerospace & Defense
• Healthcare
• Oil & Gas
• Others (Paper & Pulp, Metal & Mining, etc.)

Global Zinc Oxide Non-linear Resistors (ZNR) Market, by Region

• North America
  • U.S.
  • Canada
  • Rest of North America
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • ASEAN
  • Rest of Asia Pacific
• South America
  • Brazil
  • Mexico
  • Rest of South America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa