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) –
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Bourns, Inc.
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Centra Science Corp
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Dean Technology, Inc.
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Elpro International Ltd.
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Fenghua (HK) Electronics Ltd.
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JOYIN CO., LTD.
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KEMET Corporation
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KOA Corporation
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Littelfuse, Inc.
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MDE Semiconductor, Inc.
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Murata Manufacturing Co., Ltd.
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Nippon Chemi-Con Corporation
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Panasonic Corporation
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SEMITEC Corporation
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Songtian Electronics Co., LTD (STE)
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TDK Corporation
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Thinking Electronic Industrial Co., Ltd.
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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 |
$27.6 Billion |
Compound Annual Growth Rate |
11.8% |
Regions Covered |
Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
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Impact of COVID-19 Pandemic and Looming Global Recession
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2020 Marked as a Year of Disruption & Transformation
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As the Race between the Virus & Vaccines Intensifies, Where is the World Economy Headed in 2021?
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World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
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An Introduction to Metal Oxide Varistor (MOV)
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Types of MOVs
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Global Market Prospects & Outlook
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Ring MOVs: The Largest Type
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Competition
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World Brands
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Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
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Need to Ensure Reliability & Safety of Electrical Power Systems Enhances Significance of MOVs
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Need for Protection Devices: Growth Opportunities for Metal Oxide Varistors
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Automotive Electronics: Rising Demand for Communication Technologies Bodes Well for the Market
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Average Value of In-Vehicle Electronics Per Vehicle (In US$) for the Years 2018, 2025 & 2030
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Breakdown of the Total Cost of Electronics in an Automobile (in %) for the Years 1970, 1980, 2000, 2017, 2020 and