Global Metal Oxide Varistor Market was valued at USD8,693.25 million in 2021 and is anticipated to project a robust growth in the forecast period with a CAGR of 4.17% due to high investment and development in industrial sector.
Metal Oxide Varistor is a type of electronic device that protects semiconductor elements from switching and induced lightning surges. It's a nonlinear device that protects a circuit against high voltage spikes by altering its resistance. The metal oxide varistor is usually made of zinc oxide or similar material. These items give the varistor its quality of passing current at normal required levels. When the electric current rises to a specific point, called a breakover point or breakover voltage, tiny particles of zinc oxide begin to conduct current. This prevents the high-voltage current from passing through all the devices and equipment connected to it. Metal oxide varistors are frequently used as voltage clamping devices to protect small or heavy devices from transient voltage surges.
Market Segmentation
The Global Metal Oxide Varistor Market is segmented based on Type, End User, Construction, Sales Channel, Region and by Company. Based on Type, the market is further fragmented into Disc Metal Oxide Varistor, Strap Metal Oxide Varistor, Block Metal Oxide Varistor, Ring Metal Oxide Varistor and Others. Based on End User, the market is segmented into Consumer Electronics, Telecom Equipment, Automotive Electronics, Industrial Power Electronics, Lighting Ballasts and Others. Also, segmentation of the market based on the Construction is done into Through Hole and Surface Mounted. Based on Sales Channel, the market is segmented into Manufacturer/Distributor/Service Provider and Aftermarket. The market analysis also studies the regional segmentation divided among the Asia-Pacific region, European region, North American region, Middle East & African region, and South American region. The Asia Pacific Metal Oxide Varistor Market stood at USD3626.82 million in the year 2021 and is projected to grow at a CAGR of 4.50% during the forecast period. Asia Pacific comprises some of the most infrastructurally sound nations, such as China, Japan, Taiwan, South Korea, India and Australia. While the United States Metal Oxide Varistor Market stood at USD664.95 million in the year 2021 and is projected to grow at a CAGR of 3.80% during the forecast period.
Company Profiles
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. are among the major market players in the Global Metal Oxide Varistor Market.
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https://www.techsciresearch.com/report/metal-oxide-varistor-market/3674.html Global Metal Oxide Varistor Market was valued at USD8,693.25 million in 2021 and is anticipated to project a robust growth in the forecast period with a CAGR of 4.17% due to high investment and development in industrial sector.
Metal Oxide Varistor is a type of electronic device that protects semiconductor elements from switching and induced lightning surges. It's a nonlinear device that protects a circuit against high voltage spikes by altering its resistance. The metal oxide varistor is usually made of zinc oxide or similar material. These items give the varistor its quality of passing current at normal required levels. When the electric current rises to a specific point, called a breakover point or breakover voltage, tiny particles of zinc oxide begin to conduct current. This prevents the high-voltage current from passing through all the devices and equipment connected to it. Metal oxide varistors are frequently used as voltage clamping devices to protect small or heavy devices from transient voltage surges.
Market Segmentation
The Global Metal Oxide Varistor Market is segmented based on Type, End User, Construction, Sales Channel, Region and by Company. Based on Type, the market is further fragmented into Disc Metal Oxide Varistor, Strap Metal Oxide Varistor, Block Metal Oxide Varistor, Ring Metal Oxide Varistor and Others. Based on End User, the market is segmented into Consumer Electronics, Telecom Equipment, Automotive Electronics, Industrial Power Electronics, Lighting Ballasts and Others. Also, segmentation of the market based on the Construction is done into Through Hole and Surface Mounted. Based on Sales Channel, the market is segmented into Manufacturer/Distributor/Service Provider and Aftermarket. The market analysis also studies the regional segmentation divided among the Asia-Pacific region, European region, North American region, Middle East & African region, and South American region. The Asia Pacific Metal Oxide Varistor Market stood at USD3626.82 million in the year 2021 and is projected to grow at a CAGR of 4.50% during the forecast period. Asia Pacific comprises some of the most infrastructurally sound nations, such as China, Japan, Taiwan, South Korea, India and Australia. While the United States Metal Oxide Varistor Market stood at USD664.95 million in the year 2021 and is projected to grow at a CAGR of 3.80% during the forecast period.
Company Profiles
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. are among the major market players in the Global Metal Oxide Varistor Market.
Download Free Sample Report:
https://www.techsciresearch.com/sample-report.aspx?cid=3674
For More Details:
https://www.techsciresearch.com/report/metal-oxide-varistor-market/3674.html