Metal Oxide Varistors Market could grow at a CAGR 11.9% through 2026

Posted by Arslan on March 22nd, 2019

In order to study the various trends and patterns prevailing in the concerned market, Market Research Reports Search Engine (MRRSE) has included a new report titled “Metal Oxide Varistors Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future.

Consumer electronics is witnessing a rapid growth, on the back of high usage of electronic devices. With the rise in the number of electronic devices and consumers being prone to electric hazards, they are being more conscious to ensure protection from electric catastrophe. Metal oxide varistors, owing to their intrinsic property of being reliable and flexible in nature, have witnessed a huge demand recently. In 2017, the market was valued at US$ 6,220.0 Mn and it is forecasted that it could grow at a CAGR of 11.9% through 2026.

The aforesaid insights have been extracted from a report titled, “Metal Oxide Varistors Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026” which has been incorporated in the all-inclusive repository of Market Research Reports Search Engine (MRRSE).

Traditionally, passive components like resistors were extensively used for the manufacturing of electronic devices, owing to their inherent property to suppress the high voltage and protect the circuit from getting damaged. However, when compared on the parameters of efficiency, cost, and safety, metal oxide varistors possess a competitive edge over these components. This has been recognized by the manufacturers of industrial equipment, automotive electronics, telecommunication equipment, and consumer electronics. As a result, there is a rise in demand for these components in the electronic circuits. Being an automotive manufacturing hub, the Asia-Pacific is expected to remain a lucrative market for metal oxide varistors in the near future.

The report analyzes the global and regional trends for metal oxide varistors market. This comprehensive study aims at providing the forecast for the period – 2016 to 2026. Here, the year 2017 is the base year and the analysis has been incorporated for the forecast period – 2018 to 2026. This unbiased market evaluation comprises of all major factors and trends that have contributed to the market growth. The market growth is evaluated in terms of value (US$ Mn). The study consists of a brief analysis on the market size, market dynamics, outlook, and market value projections.

An in-depth analysis has been carried out, depending on the major segments, which consists of radial, Screw, Axial, and SMD/SMT among others. Depending on the application of the component, the market is divided into 4 segments – consumer electronics, industrial equipment, automotive equipment, and telecommunications equipment.

The report consists of a comprehensive regional analysis for North America, Asia Pacific, South America, Europe, and Middle East & Africa. A brief market overview for each of these regions along with the key trends in these regions have been covered in the report. Out of these regions, Asia Pacific is projected to favor the market growth at the global level.

The report also covers the top competitors in the market, which includes TDK Corporation, Dean Technology, Inc., Vishay Intertechnology Inc., KEMET Electronics Corporation, MDE Semiconductor Inc., AmotechCorporation, Littelfuse, Inc., Panasonic Corporation, AVX Corporation, Bourns, Inc., CeNtRa Science Corporation, and Murata Manufacturing Co. Ltd.