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Metal Oxide Varistor Market: Competitive Dynamics & Global Outlook 2024– Top Key players like– Top Key players like TDK,Bourns,Panasonic,Inc.
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A Metal Oxide Varistor (MOV) is a protection component used in power supply circuits that is powered directly from AC mains. The Metal Oxide Varistor or MOV is a voltage dependent, nonlinear device that provides excellent transient voltage suppression. The Metal Oxide Varistor is designed to protect various types of electronic devices and semiconductor elements from switching and induced lightning surges.
Figure Product Picture of Metal Oxide Varistor
As the technology of Metal Oxide Varistor is relatively mature and the downstream market, especially for industrial market is growing fast, so there are lots of enterprises in the Metal Oxide Varistor market. The high-end Metal Oxide Varistor is mainly produced in Europe and United States because their advanced R&D level, while more than 46% of Metal Oxide Varistor are produced in China which is the most significant consumption region as well. The Metal Oxide Varistor market competition will be still intense. Thinking Electronic is the leading manufacturer in the global Metal Oxide Varistor market with the market share of 36.79%, in terms of revenue, followed by TDK, Littelfuse, Panasonic, Bourns, Nippon Chemi-Con, Elpro International, Shiheng, Varsi (Raycap), JOYIN, Fenghua, Songtian Electronics (STE), Semitec Corporation, KOA Corporation, Xiamen SET Electronics, Kestar Electronic, Lattron, Fatech Electronic, Zhengli Group, Synton–Tech and Sinochip Electronics. The top 21 listed companies accounted for 89% of the market share in 2018.
Metal Oxide Varistor is widely adopted across industry, as the MOV has been used for a multitude of applications, including Consumer Electronics, Telecommunication, Home Appliance, Automotive, Industrial Equipment and Gas and Petroleum, etc. Among them, Consumer Electronics segment accounted for the most of market share (26.97% in 2018), in terms of volume, while Industrial Equipment segment accounted for 6.06%, which would grow with highest rate during the forecast period. Briefly speaking, in the next few years, Metal Oxide Varistor industry will still be an energetic industry.
According to this study, over the next five years the Metal Oxide Varistor market will register a 6.3% CAGR in terms of revenue, the global market size will reach US$ 263 million by 2024, from US$ 193.3 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Metal Oxide Varistor business, shared in Chapter 3.
Market Segment by Manufacturers, this report covers
Thinking Electronic
TDK
Littelfuse
Panasonic
Bourns
Nippon Chemi-Con
Elpro International
Shiheng
Varsi (Raycap)
JOYIN
Fenghua
Songtian Electronics (STE)
Semitec Corporation
KOA Corporation
Xiamen SET Electronics
Kestar Electronic
Lattron
Fatech Electronic
Zhengli Group
Synton–Tech
Sinochip Electronics
Market Segment by Type, covers
SMD Type
Leaded Type
Market Segment by Applications, can be divided into
Consumer Electronics
Telecommunication
Home Appliance
Automotive
Industrial Equipment
Gas and Petroleum
Others
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Related Information:
North America Metal Oxide Varistor Market Growth 2019-2024
United States Metal Oxide Varistor Market Growth 2019-2024
Asia-Pacific Metal Oxide Varistor Market Growth 2019-2024
Europe Metal Oxide Varistor Market Growth 2019-2024
EMEA Metal Oxide Varistor Market Growth 2019-2024
Global Metal Oxide Varistor Market Growth 2019-2024
China Metal Oxide Varistor Market Growth 2019-2024
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