Global Metal Oxide Varistor Market

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Global metal oxide varistors market is anticipated to grow at CAGR of 4.17% through 2027. The increasing reliance of governments, individuals, and businesses worldwide on the Internet of Things (IoT) and networked devices calls out for better protection of such devices from unexpected issues such as power surges that may damage the device and hamper important operations. Additionally, various nations are making efforts to achieve the net-zero emission target by 2050 by promoting various initiatives such as smart cities, green buildings, and the adoption of electric vehicles. Passive components such as the Metal Oxide Varistor (MOV) are likely to gain demand for these initiatives to work efficiently with the least number of disruptions. Furthermore, strategies such as ‘Industry 4.0’ and ‘5G Roll Out’ require infrastructure that needs surge protecting components such as the MOV. All such initiatives are expected to propel the Global Metal Oxide Varistor Market. Based on the type, global metal oxide varistor market is segregated into type, end user, construction and sales channel. In terms of construction, through hole PCB (Printed Circuit Board) construction technology dominates the Global Metal Oxide Varistor Market. With a market share of 74.14%, the through hole construction technology is more rigid and reliable over the surface mounted construction technology. The through hole technology allows the flexibility of both manual and automated soldering, thus can be used in fully automated PCB designing setups. The through hole technology is more cost-effective than the surface mounted technology as it eliminates the use of a new solder stencil after every revision of the PCB design. Some of the companies operating in the metal oxide varistor market include TDK Corporation, Kemet Corporation, Vishay Intertechnology, Inc., Murata Manufacturing Co., Ltd., Littelfuse, Inc., Panasonic Corporation, Elpro International Limited, Dean Technology Inc., MDE Semiconductor, Inc., Amotech Co., Ltd., Kyocera AVX Components Corporation, General Electric Company, Moda-InnoChips Co., Ltd., Centra Science Corp., Chenshuo Electronics (Jiujiang) Co., Ltd.

 

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