Research By Markets adds Market Research Report - Global Metal Oxide Varistor Market Growth 2019-2024 – ResearchbyMarkets.com
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A Metal Oxide Varistor (MOV) is a protection component used in power supply circuits that is powered directly from AC mains. The Metal Oxide Varistor or MOV is a voltage dependent, nonlinear device that provides excellent transient voltage suppression. The Metal Oxide Varistor is designed to protect various types of electronic devices and semiconductor elements from switching and induced lightning surges.
Figure Product Picture of Metal Oxide Varistor
As the technology of Metal Oxide Varistor is relatively mature and the downstream market, especially for industrial market is growing fast, so there are lots of enterprises in the Metal Oxide Varistor market. The high-end Metal Oxide Varistor is mainly produced in Europe and United States because their advanced R&D level, while more than 46% of Metal Oxide Varistor are produced in China which is the most significant consumption region as well. The Metal Oxide Varistor market competition will be still intense. Thinking Electronic is the leading manufacturer in the global Metal Oxide Varistor market with the market share of 36.79%, in terms of revenue, followed by TDK, Littelfuse, Panasonic, Bourns, Nippon Chemi-Con, Elpro International, Shiheng, Varsi (Raycap), JOYIN, Fenghua, Songtian Electronics (STE), Semitec Corporation, KOA Corporation, Xiamen SET Electronics, Kestar Electronic, Lattron, Fatech Electronic, Zhengli Group, Synton-Tech and Sinochip Electronics. The top 21 listed companies accounted for 89% of the market share in 2018.
Metal Oxide Varistor is widely adopted across industry, as the MOV has been used for a multitude of applications, including Consumer Electronics, Telecommunication, Home Appliance, Automotive, Industrial Equipment and Gas and Petroleum, etc. Among them, Consumer Electronics segment accounted for the most of market share (26.97% in 2018), in terms of volume, while Industrial Equipment segment accounted for 6.06%, which would grow with highest rate during the forecast period. Briefly speaking, in the next few years, Metal Oxide Varistor industry will still be an energetic industry.
According to this study, over the next five years the Metal Oxide Varistor market will register a 6.3% CAGR in terms of revenue, the global market size will reach US$ 263 million by 2024, from US$ 193.3 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Metal Oxide Varistor business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Metal Oxide Varistor market by product type, application, key manufacturers and key regions and countries.
This study considers the Metal Oxide Varistor value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Gas and Petroleum
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Songtian Electronics (STE)
Xiamen SET Electronics
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Metal Oxide Varistor consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Metal Oxide Varistor market by identifying its various subsegments.
Focuses on the key global Metal Oxide Varistor manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Metal Oxide Varistor with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Metal Oxide Varistor submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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