Global Metal Oxide Varistor (MOV) Market Projected to Register a Healthy CAGR of 11.7% by 2025

(IT-NEWSWIRE.COM, May 25, 2017 ) The global market of Metal Oxide Varistor (MOV) has been immensely affected by the rising popularity of Internet of Things (IoT) and its widespread adoption in automobile application. Seeing the growth, Market Research Hub (MRH) has recently added a forecast report to its online research database with the title “Metal Oxide Varistor (MOV) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025” which offers detailed analysis of the market by considering some major regions. According to the key findings, the global market will rise at a healthy CAGR of 11.7% from 2017-2025, with the market growth from US$7.73 billion to US$20.79 billion by the end of 2025.

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The Metal Oxide Varistor abbreviated as MOV, is a nonlinear voltage dependent device that provides excellent transient voltage suppression. When exposed to high transient voltage, the MOV clamps voltage to a safe level and thus protect various types of electronic devices and semiconductor elements from switching and induced lightning flows. One of the prime drivers for the market growth is its use in various devices which has fueled the growth of MOV industry.

The report starts with the executive summary of MOV market with its market drivers and restraint. The research study further provides an in-depth analysis of the metal oxide varistor market for the forecast period of 2017-2025 by segmenting it based on type, end user industry, construction and geography. Based on type, the metal oxide varistor market is segmented into disc metal oxide varistor, strap metal oxide varistor, block metal oxide varistor, ring metal oxide varistor and others. Considering the end user, the metal oxide varistor market is segmented into wireless handset telecommunication, automotive electronics, line voltage equipment, industrial power electronics, lighting ballasts, consumer electronics, defense, aerospace and healthcare among others.

On the geographical front, the main regions are compared and analyzed by the various segments mentioned in the study. The regions included in the study are North America, Asia-Pacific, Europe and Middle East & Africa (MEA) and Latin America. These have been further sub-segmented into countries and regions in relevance to the market. The key countries included are U.S., Canada, Mexico, Italy, Germany, France, India, China, Japan, UAE, South-Africa, and Brazil.

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Lastly, the report covers a competitive outlook that includes market share and company profile of key players in Metal Oxide Varistor (MOV) global market. The major players analyzed in the report are TDK Corporation, General Electric, KEMET Corporation, Dean Technology Inc., Moda-Innochips Co. Ltd., Centra Science Corp., Amotech Corp., MDE Semiconductor Inc., Vishay Intertechnology Inc. and Murata Manufacturing Co. Ltd. among others. Additionally, the strategic overview, SWOT analysis and historical revenue are also included in the final section of the report.

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Global Metal Oxide Varistor (MOV) Market Projected to Register a Healthy CAGR of 11.7% by 2025