Rising Use of Smart Electronics Devices to Fuel Demand for MOVs in Consumer Electronics Sector

Rising Use of Smart Electronics Devices to Fuel Demand for MOVs in Consumer Electronics Sector
Company Logo

Company Logo

Global Market for Metal Oxide Varistors (MOV)

Global Market for Metal Oxide Varistors (MOV)

Global Market for Metal Oxide Varistors (MOV)

Dublin, June 19, 2023 (GLOBE NEWSWIRE) — The “Metal Oxide Varistors (MOV): Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.

The global market for Metal Oxide Varistors (MOV) estimated at US$11.3 Billion in the year 2022, is projected to reach a revised size of US$27.6 Billion by 2030, growing at a CAGR of 11.8% over the analysis period 2022-2030.

Ring MOV, one of the segments analyzed in the report, is projected to record a 12.4% CAGR and reach US$12.9 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Block MOV segment is readjusted to a revised 11.7% CAGR for the next 8-year period.

The U.S. Market is Estimated at $1.3 Billion, While China is Forecast to Grow at 13.5% CAGR

The Metal Oxide Varistors (MOV) market in the U.S. is estimated at US$1.3 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$8.3 Billion by the year 2030 trailing a CAGR of 13.5% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.6% and 9.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 9.6% CAGR.

Select Competitors (Total 94 Featured) –

  • Bourns, Inc.

  • Centra Science Corp

  • Dean Technology, Inc.

  • Elpro International Ltd.

  • Fenghua (HK) Electronics Ltd.

  • JOYIN CO., LTD.

  • KEMET Corporation

  • KOA Corporation

  • Littelfuse, Inc.

  • MDE Semiconductor, Inc.

  • Murata Manufacturing Co., Ltd.

  • Nippon Chemi-Con Corporation

  • Panasonic Corporation

  • SEMITEC Corporation

  • Songtian Electronics Co., LTD (STE)

  • TDK Corporation

  • Thinking Electronic Industrial Co., Ltd.

  • Vishay Intertechnology, Inc.

Key Attributes:

Report Attribute

Details

No. of Pages

404

Forecast Period

2022 – 2030

Estimated Market Value (USD) in 2022

$11.3 Billion

Forecasted Market Value (USD) by 2030

$27.6 Billion

Compound Annual Growth Rate

11.8%

Regions Covered

Global

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Impact of COVID-19 Pandemic and Looming Global Recession

  • 2020 Marked as a Year of Disruption & Transformation

  • As the Race between the Virus & Vaccines Intensifies, Where is the World Economy Headed in 2021?

  • World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022

  • An Introduction to Metal Oxide Varistor (MOV)

  • Types of MOVs

  • Global Market Prospects & Outlook

  • Ring MOVs: The Largest Type

  • Competition

  • World Brands

  • Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Need to Ensure Reliability & Safety of Electrical Power Systems Enhances Significance of MOVs

  • Need for Protection Devices: Growth Opportunities for Metal Oxide Varistors

  • Automotive Electronics: Rising Demand for Communication Technologies Bodes Well for the Market

  • Average Value of In-Vehicle Electronics Per Vehicle (In US$) for the Years 2018, 2025 & 2030

  • Breakdown of the Total Cost of Electronics in an Automobile (in %) for the Years 1970, 1980, 2000, 2017, 2020 and 2030

  • Pandemic’s Impact on the Automotive Industry Affects MOV Demand

  • World Automobile Production in Million Units: 2008-2022

  • Car Production YoY % Growth Across Major Regional Markets in 2020

  • As Industry 4.0 Redefines Manufacturing & Industrial Infrastructure Continues to Expand, the Imperative Need to Protect Equipment Drive Demand for MOV

  • Major Industry 4.0 Technologies: Global Market Size (US$ Billion) for Internet of Things (IoT), Big Data, Smart Factory, Advanced Analytics, Service Robotics, and Smart Machines for 2020

  • COVID-19 Pandemic Induces Weakness into Industrial Activity, Affecting MOV Demand

  • Global PMI Index Points for the Years 2018, 2019 & 2020

  • Rising Use of Smart Electronics Devices to Fuel Demand for MOVs in Consumer Electronics Sector

  • Global Opportunity for Consumer Electronics (In US$ Million) for Years 2020, 2022, 2024, 2026 and 2028

  • Worldwide Shipments of Smartphones, Tablets, and Laptops (in Million Units) for the Years 2019, 2021 and 2023

  • Rising Use of MOVs for Outdoor LED Lighting

  • Rising Importance of MOVs in Lighting Ballasts

  • Telecommunication Systems Protection: MOVs Come to the Fore

  • MOV Emerges as a High Performance Solution for AC Power Line Protection

  • MOVs Find Use as Lightening Protection Devices

  • Metal Oxide Varistor Blocks: The Main Component of Distribution Arresters

  • MOV Disk: A Glance at Factors Impacting Quality

  • Dynamic State of Semiconductor & Electronics Industries Presents Challenges for the MOV Market

  • Measuring the Impact of COVID-19 on the Semiconductor Industry in Terms of Disruption & Time to Recovery (In Months) as of May 2020

  • Supply Chain Disruptions Impact a Large Number of Electronic Manufacturers: % Share of Companies Impacted by Supply Chain Delays Due to COVID-19 Worldwide as of May 2020

  • Pandemic-Induced Fall in Consumer Confidence Impacts Sales of Automotive and Consumer Electronics

  • Environmental Pollution Concerns Drive Focus on Eco-Friendly MOVs

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/dawpyf

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Attachment

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood,Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

Related posts