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

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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

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