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Automotive Varistor Market Revenue, Industry Growing Demand, Size, Share and Forecast - 2031
Automotive Varistor Market
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Further, owing to its major benefits over replacements such as laser diodes, there has been a noticeable increase in demand for multilayer varistors. Multilayer varistors provide low-cost transmission of high connected energies, which is expected to propel the global multilayer varistors market. Furthermore, the automotive varistors market is likely to benefit from an increase in global applications of power transmission and allocation electronics. Automotive OEMs are transitioning away from combustion technology in order to increase performance, reduce emissions, and improve fuel efficiency in order to comply with regulations, and these factors are projected to drive market growth in the near future. The two most common types of varistor include metal oxide varistor (MOV) and silicon carbide varistor (SiC). The MOV is a nonlinear transient suppressor that consists of zinc oxide (ZnO). Before MOV, SiC was popular in the market that has been utilized in high voltage, high power applications. However, there is a limitation of these devices which is a significant standby current. Hence, a series gap is needed to reduce the standby power consumption.
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Market Coverage
Segment Covered
Regions Covered- Globally
Competitive Landscape: TDK Corp., General Electric Co., and Eaton Corporation Plc, among others.
Key questions addressed by the report
What is the market growth rate?
Which segment and region dominates the market in base year?
Which segment and region will project fastest growth in the market?
How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?
Global Automotive Varistor Market Report Segmentation
By Type
Metal Oxide Varistor
Silicon Carbide Varistor
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Email: anurag@omrglobal.com
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Company Name: Orion Market Research
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
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