Global Metal Oxidized Varistors (MOV) Market by Type (SMD Type, Leaded Type), By Application (Consumer Electronics, Telecommunication, Home Appliance, Automotive, Industrial Equipment, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global metal oxidized varistors (MOV) market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for consumer electronics and telecommunication products, rising awareness about safety and security among consumers, and growing demand for automotive applications. In terms of type, the SMD type segment is expected to account for a larger share of the global MOV market during the forecast period. This can be attributed to its small size, low weight, and high efficiency. In terms of application, the consumer electronics segment is expected to account for a larger share of the global MOV market during the forecast period.



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Product Definition:

A Metal Oxidized Varistor (MOV) is a type of resistor that conducts electricity once it reaches a certain level of voltage. This component is used in order to protect electronic devices from damage by absorbing and dissipating excess voltage.

SMD Type:

Small-sized Devices (SMD) are also known as type 1 SMD, they are the most common variety of SMD and smallest in size. They have a pin count of 24 on 0.1" pitch which makes them ideal for surface mount technology applications.

Leaded Type:

Leaded type is a specific type of semiconductor device that contains an internal lead or leg and a protective coating which can be easily broken by applying too much current. The term led generally means light-emitting diode, but in this context it refers to any kind of bipolar transistor with the characteristic of breaking down when subjected to overvoltage.

The most common example where leds are used is in an LED display, where they are used as lights for indicators.

Application Insights:

The consumer electronics segment led the market and accounted for more than 40% share of the global revenue in 2017. The growth is attributed to rising demand from smartphones, tablets, laptops and other electronic devices. Rapidly evolving technology in this sector has created new opportunities for metal oxide varistors (MOVEs) that are used as a protection device against power line noise, EMI/RFI interference and other electrical hazards.

In recent years, there has been an increase in product demand from various application sectors including automotive & transportation; healthcare; aerospace & defense; industrial automation; marine equipment & systems; renewable energy infrastructure such as wind turbines and solar panels among others. MOV is widely used across telecommunication applications owing to its benefits including low power consumption enabling long-range communications while maintaining high data transmission speeds over long lines without compromising with signal quality or increasing crosstalk between channels like conventional semiconductor switches do.

Regional Analysis:

Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing demand from key application sectors such as consumer electronics, telecommunication, industrial equipment, and others. China is one of the largest producers of electronic products in this region owing to low production cost coupled with easy availability of labor and raw materials. This factor is anticipated to boost product demand over the forecast period.

Europe was estimated at USD X million in 2017 owing to presence of a large number prominent players operating within this region along with high acceptance for innovation & technology advancement across all major industries including automotive, aerospace & defense among others which has led it being a lucrative regional market for metal oxide varistors (MOV) industry players operating within it thus making it one of its kind after Asia Pacific.

Growth Factors:

Increasing demand for metal oxidized varistors in the automotive industry for protection against voltage surges and overcurrents
Growing popularity of metal oxidized varistors in consumer electronics owing to their ability to protect devices from electrical spikes and short circuits
Rising demand for metal oxidized varistors from the telecommunications sector as they are used extensively in surge protection systems
Increasing adoption of MOVs in solar energy systems to protect them from voltage fluctuations and lightning strikes
Growing awareness about the benefits of using metal oxidized varistors in various industrial applications


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Scope Of The Report
Report Attributes
Report Details
Report Title
Metal Oxidized Varistors (MOV) Market Research Report
By Type
SMD Type, Leaded Type
By Application
Consumer Electronics, Telecommunication, Home Appliance, Automotive, Industrial Equipment, Others
By Companies
Thinking Electronic, TDK, Littelfuse, Panasonic, Bourns, Nippon Chemi-Con, Elpro International, Shiheng, Varsi (Raycap), JOYIN, Thinking Electronic, Songtian Electronics (STE), Semitec, KOA, Xiamen SET Electronics, Kestar Electronic, Lattron, Fatech Electronic, Zhengli, Synton-Tech, Sinochip Electronics, WMEC
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
167
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.

Global Metal Oxidized Varistors (MOV) Market Report Segments:
The global Metal Oxidized Varistors (MOV) market is segmented on the basis of:
Types
SMD Type, Leaded Type
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Consumer Electronics, Telecommunication, Home Appliance, Automotive, Industrial Equipment, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
Thinking Electronic
TDK
Littelfuse
Panasonic
Bourns
Nippon Chemi-Con
Elpro International
Shiheng
Varsi (Raycap)
JOYIN
Thinking Electronic
Songtian Electronics (STE)
Semitec
KOA
Xiamen SET Electronics
Kestar Electronic
Lattron
Fatech Electronic
Zhengli
Synton-Tech
Sinochip Electronics
WMEC



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Highlights of The Metal Oxidized Varistors (MOV) Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of market.
Historical data and forecast.
Estimations for the forecast period 2030.
Developments and trends in the market.
By Type:
SMD Type
Leaded Type
By Application:
Consumer Electronics
Telecommunication
Home Appliance
Automotive
Industrial Equipment
Others
Market scenario by region, sub-region, and country.
Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Metal Oxidized Varistors (MOV) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
Correctly Positioning New Products
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
Identifying Appropriate Advertising Appeals



8 Reasons to Buy This Report
Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
Implemented Robust Methodology to Prepare the Report
Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
Provides Information About the Top-winning Strategies Implemented by Industry Players.
In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
Customization of the Report Available

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