Metal Oxide Varistor Market Trends, and Forecast By 2025

The Metal Oxide Varistor Market has been deriving much growth from the rising popularity of Internet of Things (IoT) across the world. The extensive increase in the demand for consumer electronic goods and the upsurge in the adoption of metal oxide varistor in automobile applications are also boosting the market’s progress remarkably.

Over the forthcoming years, the global market for MOV is likely to witness substantial growth at a healthy CAGR of 11.7% from 2017 to 2025. The opportunity in this market is expected to increase from a value of US$7.73 bn in 2016 to US$20.79 bn by the end of 2025. The market, although looks thriving at present, it may face challenges from the dynamic nature of the semiconductor and electronics industry in the coming years.

Based on the type of MOV, the global Metal Oxide Varistor Market has been classified into disc MOV, strap MOV, block MOV, ring MOV, and various other types, such as chip varistor and multilayered chip varistor. The ring MOV segment held the leading position in the global market in 2016 with a share of more than 44%. Analysts expect the segment to remain dominant over the next few years. Disc MOV, however, is anticipated to witness a high-paced rise in the near future on the ground of its increasing demand in industrial power electronics devices across a number of countries, such as China, India, Japan, the U.K., the U.S., Germany, and Singapore.

This 154 page report gives readers a comprehensive overview of the Metal Oxide Varistor Market. Browse through 21 data tables and 55 figures to unlock the hidden opportunities in this market:

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On the basis of construction, the global market has been segmented into surface mount MOV and through-hole MOV. Although marginally, the through-hole MOV segment has been leading the overall market and is intended to remain doing so throughout the next few years.

In terms of the geography, Asia Pacific, the Middle East and Africa, Europe, North America, and Latin America have been considered as the prominent segments of the worldwide MOV market. Driven by the increasing demand for smart devices, Asia Pacific led this market in 2016 with a share of more than 54%. Analysts expect this regional market to gain substantially from the swift development in the industrial infrastructure that supports integration of process automation, and the large scale investments in communication technologies in this region, and remain on the top over the forthcoming years.

The Metal Oxide Varistor Market in the Middle East and Africa, which stood second in 2016, is also projected to retain its place in the near future, thanks to the increasing demand for consumer electronics, smart automobile applications, technologically advanced healthcare devices, and process automation systems in the power, and the oil and gas industries. Among others, the Europe MOV market is anticipated to witness healthy growth in the years to come on account of the rising number of smart phone users. Germany and the U.K. are likely to surface as the leading domestic markets for MOV in Europe over the forthcoming years.

The report covers the analysis and forecast of the metal oxide varistor Metal Oxide Varistor Market on a global and regional level. The study provides historic data of 2016 along with the forecast for the period between 2017 and 2025 based on revenue (US$ Bn).

The report provides the size of the metal oxide varistor market in 2016 and the forecast for the next nine years up to 2025. The size of the global metal oxide varistor market is provided in terms of revenue. Market revenue is defined in US$ Bn. The market size and forecast for each type and end user segment are provided in the context of global and regional markets. Numbers provided in this report are derived based on demand generated from different end users and types. Market dynamics prevalent in North America, Europe and Asia-Pacific have been taken into account for estimating the growth of the global market.