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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