Press release
Chip Metal Oxide Varistor (MOV) Market Industry Size, Trends, Growth Channels, Segmentation and Forecast to 2031| Vishay Intertechnology Inc., Eaton Corporation PLC
The Global Chip Metal Oxide Varistor (MOV) market witnessed a valuation of US$ 82.2 million in 2022, and projections suggest a steady expansion at a CAGR of 3.9% from 2023 to 2031, reaching an estimated US$ 116.5 million by 2031. This growth is fueled by the rising demand for compact and space-saving designs in the electronics industry, with a particular emphasis on the automotive sector. Metal oxide varistors have emerged as essential components, providing surge protection against voltage transients in various electronic applications.Request Your Sample Copy Now: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=85624&utm_source=Openpr&utm_campaign=Amit
Market Drivers:
Circuit Protection Needs: The increasing complexity and miniaturization of electronic devices have heightened susceptibility to damage from transient overvoltage events. MOVs offer an effective solution, absorbing and suppressing voltage surges caused by lightning strikes, power surges, electrostatic discharge, or other spikes in power or communication lines.
Automotive Industry Demand: The automotive industry's growth, driven by technological advancements, electric and autonomous vehicles, has led to a surge in demand for electronic components, including chip MOVs. These components are crucial for ensuring the reliable operation and longevity of advanced automotive features.
Compact Design Trends: The demand for smaller and more compact electronic devices has propelled the popularity of chip MOVs. Their compact form factor and compatibility with surface mount technology (SMT) make them ideal for applications like smartphones, wearables, IoT devices, and portable electronics.
Market Challenges:
Despite the positive outlook, the market faces challenges, including stringent safety regulations in mature markets like North America and the need for reliable overvoltage protection solutions. Additionally, continuous advancements in technology require players to stay nimble and adapt to changing industry dynamics.
Regional Outlook:
Asia Pacific continues to dominate the market, driven by its status as a major consumer electronics hub. China, Japan, South Korea, and Taiwan play significant roles in production and export. North America exhibits a mature industry with a focus on advanced electronics, while Europe experiences considerable expansion due to a diverse industrial base.
Key Market Players and Developments:
Major players shaping the chip MOV market include Vishay Intertechnology Inc., Eaton Corporation PLC, Littelfuse Inc., TDK Electronics AG, and others. Notable developments include TDK Corporation's Open Mode chip varistors for automotive assemblies and Panasonic's ZNR high energy varistors for protecting automotive ECUs from load dump surges.
Market Segmentation:
Type
• Single Chip
• Array
Size
• 0402
• 0603
• 0805
• 1206
• Others
End-use Industry
• Consumer Electronics
• Automotive
• IT and Telecom
• Energy and Utility
• Others (Healthcare, Industrial, etc.)
Future Outlook:
The market's future is marked by continuous technological advancements, increasing adoption of electric vehicles, and the integration of renewable energy sources. Players are expected to focus on high-performance varistor design and development to meet evolving industry demands.
Buy this Premium Research Report: https://www.transparencymarketresearch.com/checkout.php?rep_id=85624<ype=S&utm_source=Openpr&utm_campaign=Amit
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact:
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Email: sales@transparencymarketresearch.com
Follow Us: LinkedIn| Twitter| Blog | YouTube
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Chip Metal Oxide Varistor (MOV) Market Industry Size, Trends, Growth Channels, Segmentation and Forecast to 2031| Vishay Intertechnology Inc., Eaton Corporation PLC here
News-ID: 3415468 • Views: …
More Releases from Transparency Market Research
Electric Wheelchair Market Expanding at 9.2% CAGR Through 2036 - By Control Type …
The global electric wheelchair market continues to demonstrate strong and sustained growth, fueled by demographic transitions, technological innovation, and expanding healthcare access worldwide. Valued at US$ 5.8 billion in 2025, the market is projected to reach US$ 15.3 billion by 2036, expanding at a compound annual growth rate (CAGR) of 9.2% from 2026 to 2036.
Discover essential conclusions and data from our Report in this sample -
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4198
This robust trajectory reflects rising…
Vehicle Predictive Maintenance Market Size Forecast to USD 13.7 Billion by 2036 …
Vehicle Predictive Maintenance Market Outlook 2036
The global vehicle predictive maintenance market was valued at USD 3 Billion in 2025 and is projected to reach USD 13.7 Billion by 2036, expanding at a robust CAGR of 14.7% from 2026 to 2036. Market growth is driven by increasing adoption of connected vehicles, rising fleet digitalization, advancements in AI-driven analytics, and growing emphasis on minimizing vehicle downtime and maintenance costs.
👉 Get your sample…
Global Air Purification Systems Market to Reach USD 44.3 Billion by 2036 at 7.9% …
The global Air Purification Systems Market was valued at US$ 19.2 Bn in 2025 and is projected to expand to US$ 44.3 Bn by 2036, registering a compound annual growth rate (CAGR) of 7.9% from 2026 to 2036. The market's upward trajectory reflects the structural shift in indoor air quality (IAQ) management, moving from discretionary consumer spending to mission-critical infrastructure investment.
With historical data available from 2021 to 2024, the industry…
Polyvinylpyrrolidone (PVP) Market to Reach USD 6.2 Billion by 2036 Driven by Pha …
The Polyvinylpyrrolidone (PVP) Market was valued at around US$ 3.2 billion in 2025 and is projected to reach approximately US$ 6.2 billion by 2036, expanding at a steady CAGR of about 6.0% during the forecast period. This growth is primarily driven by rising demand from the pharmaceutical industry, where PVP is widely used as a tablet binder, solubilizer, and stabilizer, along with increasing consumption in cosmetics and personal care products…
More Releases for MOV
Ring Metal Oxide Varistor (MOV) Market 2022 | Detailed Report
The Ring Metal Oxide Varistor (MOV) research report combines vital data incorporating the competitive landscape, global, regional, and country-specific market size, market growth analysis, market share, recent developments, and market growth in segmentation. Furthermore, the Ring Metal Oxide Varistor (MOV) research report offers information and thoughtful facts like share, revenue, historical data, and global market share. It also highlights vital aspects like opportunities, driving, product scope, market overview, and driving…
Global Metal Oxidized Varistors (MOV) Market Expected to Witness a Sustainable G …
LP INFORMATION recently released a research report on the Metal Oxidized Varistors (MOV) market analysis and elaborate the industry coverage, current market competitive status, and market outlook and forecast by 2025. Moreover, it categorizes the global Metal Oxidized Varistors (MOV)market by key players, product type, applications and regions,etc.
The main objective of this market research is to help the readers understand the structure of Metal Oxidized Varistors (MOV)market, market definition,…
Global Metal Oxidized Varistors (MOV) Market Status Report COVID 19 Impact Analy …
This report also researches and evaluates the impact of Covid-19 outbreak on the Metal Oxidized Varistors (MOV) industry, involving potential opportunity and challenges, drivers and risks. We present the impact assessment of Covid-19 effects on Metal Oxidized Varistors (MOV) and market growth forecast based on different scenario (optimistic, pessimistic, very optimistic, most likely etc.).
GLOBAL INFO RESEARCH has recently published a research report titled, [Global Metal Oxidized Varistors (MOV) Market 2020 by Manufacturers, Regions, Type and…
Global Metal Oxide Varistor (MOV) Industry Research Report, Growth Trends and Co …
This study focuses on the production side and consumption side of Metal Oxide Varistor (MOV), presents the global Metal Oxide Varistor (MOV) market size by manufacturers, regions, type and application, history breakdown data from 2013 to 2018, and forecast to 2025.
In terms of production side, this report researches the Metal Oxide Varistor (MOV) capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and product…
Metal Oxide Varistor (MOV) Market - Wireless Handset Telecommunication Sector to …
Global Metal Oxide Varistor (VOM) Market: Snapshot
The global market for metal oxide varistor (MOV) has been deriving much growth from the rising popularity of Internet of Things (IoT) across the world. The extensive increase in the demand for consumer electronic goods and the upsurge in the adoption of metal oxide varistor in automobile applications are also boosting the market’s progress remarkably.
Obtain Report Details @ http://www.transparencymarketresearch.com/metal-oxide-varistors-market.html
Over the forthcoming years,…
Global Industry Analysis of Metal Oxide Varistor (MOV) Market and Forecast 2017 …
The global market for metal oxide varistor (MOV) is deriving much of its growth from the rising popularity of Internet of Things (IoT) and the upsurge in its adoption in automobile applications. A new research report titled as “Metal Oxide Varistor (MOV) Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017-2025” has been recently added to the huge portfolio of Market Research Reports Search Engine (MRRSE) online…
