Market Overview:
The global zinc oxide varistors 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 zinc oxide varistors from the telecommunication, power, railway, and energy sectors. In addition, the growing demand for miniaturized and high-power devices is also contributing to the growth of this market. Based on type, the global zinc oxide varistors market can be segmented into 5D, 7D, 10D, 14D, 20D and others. The 10D type segment is expected to account for a major share of this market during the forecast period owing to its high performance characteristics and low cost. Based on application, this market can be divided into telecommunication equipment & systems; power systems; building automation; railway signaling & safety systems; energy management systems (EMS); industrial process control (IPC) equipment; medical electronics equipment; automotive electronics equipment and other applications segments including aerospace & defense electronics applications).
Product Definition:
Zinc oxide varistors are a type of electronic component that is used to protect electronic equipment from voltage spikes and surges. They work by absorbing excess energy from electrical current fluctuations, and then dissipating that energy safely. This helps to prevent damage to the equipment due to sudden power surges or spikes.
5D:
5D is the fifth dimension and it's a property of some semiconductors that allows them to change their electrical properties when exposed to certain high-frequency electromagnetic radiations. In other words, 5D technology helps in changing the threshold voltage of zinc oxide varistors (ZOVs) during electric field fluctuations.
7D:
7D is a new technology that was developed to overcome the limitations of conventional 6D and 5D semiconductor technologies. 7th generation technology includes pn-junction, double layer & Schottky barrier diodes, n-type & o-type well, and field effect transistor (FET) with direct current (DC) channel.
Application Insights:
Building was the largest application segment in 2016 and is expected to witness a CAGR of XX% from 2017 to 2030. The product is widely used in building & construction industry for protection against electric shocks, lightning, and other electrical hazards. It has applications across telecommunication network, power generation plants, railway track maintenance equipment etc.
Telecommunication application segment accounted for over 15% market share in 2016 owing to its wide usage as a protective device between transmission lines and conductors on account of its high insulation resistance against voltage fluctuations and electric current surges which prevents degradation of equipment performance & extends the life of line components thus promoting investments by various telecom companies over the world which will propel demand growth during forecast years.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to increasing demand for electronic products and infrastructure development in the region. The presence of key manufacturers such as Panasonic Corporation; Toshiba Corporation; Fujitsu General Ltd.; and Hitachi, Ltd.; has led to an increase in product adoption across industries.
The Asia Pacific was followed by Europe, which accounted for over 25% of global zinc oxide varistors market share in 2017 due to increased demand from several major end-use sectors including Power Generation, Telecommunication & IT, Energy & Power Delivery (EPD), Building & Construction (B&C) among others. North America is also projected to witness significant growth over the coming years on account of growing investments towards modernization and digitalization initiatives along with technological advancements that are driving industry growth across various applications at a significant pace.
Growth Factors:
- Increasing demand from the automotive industry for zinc oxide varistors as a result of the increasing number of electric and hybrid vehicles in the market.
- Growing demand for zinc oxide varistors from the telecommunications sector due to their ability to protect electronic equipment from voltage surges and lightning strikes.
- Rising demand for zinc oxide varistors in consumer electronics applications due to their superior performance characteristics compared to other types of surge protection devices available in the market.
- Increasing use of zinc oxide varistors in renewable energy systems such as solar and wind power installations due to their ability to protect against over-voltage conditions caused by sudden changes in input power levels.
Scope Of The Report
Report Attributes
Report Details
Report Title
Zinc Oxide Varistors Market Research Report
By Type
5D, 7D, 10D, 14D, 20D, Others
By Application
Telecommunication, Power, Building, Railway, Energy, Others
By Companies
HVR International, OTOWA Electric Co., Ltd, Thinking Electronic Industrial Co, Sanki, Shenzhen RuiLongYuan Electronics Co, Guangdong Fenghua Advanced Technology Holding Co, Guangdong Huiwan Electronic Technology Co
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
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Zinc Oxide Varistors Market Report Segments:
The global Zinc Oxide Varistors market is segmented on the basis of:
Types
5D, 7D, 10D, 14D, 20D, Others
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
Telecommunication, Power, Building, Railway, Energy, 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:
- HVR International
- OTOWA Electric Co., Ltd
- Thinking Electronic Industrial Co
- Sanki
- Shenzhen RuiLongYuan Electronics Co
- Guangdong Fenghua Advanced Technology Holding Co
- Guangdong Huiwan Electronic Technology Co
Highlights of The Zinc Oxide Varistors 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:
- 5D
- 7D
- 10D
- 14D
- 20D
- Others
- By Application:
- Telecommunication
- Power
- Building
- Railway
- Energy
- 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 Zinc Oxide Varistors 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
Frequently Asked Questions?
Zinc oxide varistors are a type of electronic component that can be used to protect electrical equipment from over-voltage, over-current, and short-circuit damage. Varistors are made up of a thin layer of zinc oxide sandwiched between two layers of metal. When an electric current passes through the varistor, it causes the voltage across the zinc oxide to increase. This high voltage prevents further current from flowing through the device and protects it against damage.
Some of the major players in the zinc oxide varistors market are HVR International, OTOWA Electric Co., Ltd, Thinking Electronic Industrial Co, Sanki, Shenzhen RuiLongYuan Electronics Co, Guangdong Fenghua Advanced Technology Holding Co, Guangdong Huiwan Electronic Technology Co.
The zinc oxide varistors market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Zinc Oxide Varistors Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Zinc Oxide Varistors Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Zinc Oxide Varistors Market - Supply Chain
4.5. Global Zinc Oxide Varistors Market Forecast
4.5.1. Zinc Oxide Varistors Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Zinc Oxide Varistors Market Size (000 Units) and Y-o-Y Growth
4.5.3. Zinc Oxide Varistors Market Absolute $ Opportunity
5. Global Zinc Oxide Varistors Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Zinc Oxide Varistors Market Size and Volume Forecast by Type
5.3.1. 5D
5.3.2. 7D
5.3.3. 10D
5.3.4. 14D
5.3.5. 20D
5.3.6. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Zinc Oxide Varistors Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Zinc Oxide Varistors Market Size and Volume Forecast by Application
6.3.1. Telecommunication
6.3.2. Power
6.3.3. Building
6.3.4. Railway
6.3.5. Energy
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Zinc Oxide Varistors Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Zinc Oxide Varistors Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Zinc Oxide Varistors Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Zinc Oxide Varistors Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Zinc Oxide Varistors Demand Share Forecast, 2019-2026
9. North America Zinc Oxide Varistors Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Zinc Oxide Varistors Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Zinc Oxide Varistors Market Size and Volume Forecast by Application
9.4.1. Telecommunication
9.4.2. Power
9.4.3. Building
9.4.4. Railway
9.4.5. Energy
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Zinc Oxide Varistors Market Size and Volume Forecast by Type
9.7.1. 5D
9.7.2. 7D
9.7.3. 10D
9.7.4. 14D
9.7.5. 20D
9.7.6. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Zinc Oxide Varistors Demand Share Forecast, 2019-2026
10. Latin America Zinc Oxide Varistors Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Zinc Oxide Varistors Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Zinc Oxide Varistors Market Size and Volume Forecast by Application
10.4.1. Telecommunication
10.4.2. Power
10.4.3. Building
10.4.4. Railway
10.4.5. Energy
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Zinc Oxide Varistors Market Size and Volume Forecast by Type
10.7.1. 5D
10.7.2. 7D
10.7.3. 10D
10.7.4. 14D
10.7.5. 20D
10.7.6. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Zinc Oxide Varistors Demand Share Forecast, 2019-2026
11. Europe Zinc Oxide Varistors Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Zinc Oxide Varistors Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Zinc Oxide Varistors Market Size and Volume Forecast by Application
11.4.1. Telecommunication
11.4.2. Power
11.4.3. Building
11.4.4. Railway
11.4.5. Energy
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Zinc Oxide Varistors Market Size and Volume Forecast by Type
11.7.1. 5D
11.7.2. 7D
11.7.3. 10D
11.7.4. 14D
11.7.5. 20D
11.7.6. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Zinc Oxide Varistors Demand Share, 2019-2026
12. Asia Pacific Zinc Oxide Varistors Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Zinc Oxide Varistors Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Zinc Oxide Varistors Market Size and Volume Forecast by Application
12.4.1. Telecommunication
12.4.2. Power
12.4.3. Building
12.4.4. Railway
12.4.5. Energy
12.4.6. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Zinc Oxide Varistors Market Size and Volume Forecast by Type
12.7.1. 5D
12.7.2. 7D
12.7.3. 10D
12.7.4. 14D
12.7.5. 20D
12.7.6. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Zinc Oxide Varistors Demand Share, 2019-2026
13. Middle East & Africa Zinc Oxide Varistors Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Zinc Oxide Varistors Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Zinc Oxide Varistors Market Size and Volume Forecast by Application
13.4.1. Telecommunication
13.4.2. Power
13.4.3. Building
13.4.4. Railway
13.4.5. Energy
13.4.6. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Zinc Oxide Varistors Market Size and Volume Forecast by Type
13.7.1. 5D
13.7.2. 7D
13.7.3. 10D
13.7.4. 14D
13.7.5. 20D
13.7.6. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Zinc Oxide Varistors Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Zinc Oxide Varistors Market: Market Share Analysis
14.2. Zinc Oxide Varistors Distributors and Customers
14.3. Zinc Oxide Varistors Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. HVR International
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. OTOWA Electric Co., Ltd
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Thinking Electronic Industrial Co
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Sanki
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Shenzhen RuiLongYuan Electronics Co
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Guangdong Fenghua Advanced Technology Holding Co
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Guangdong Huiwan Electronic Technology Co
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
