Global Metal Oxide Varistor Market Research Report 2020

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.

Market Analysis and Insights: Global Metal Oxide Varistor Market
The global Metal Oxide Varistor market is valued at 223.8 million US$ in 2020 is expected to reach 340.3 million US$ by the end of 2026, growing at a CAGR of 6.1% during 2021-2026.
Global Metal Oxide Varistor Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and also about each type from 2015 to 2026. This section mentions the volume of production by region from 2015 to 2026. Pricing analysis is included in the report according to each type from the year 2015 to 2026, manufacturer from 2015 to 2020, region from 2015 to 2020, and global price from 2015 to 2026.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Market Segment Analysis
The research report includes specific segments by Type and by Application. Each type provides information about the production during the forecast period of 2015 to 2026. Application segment also provides consumption during the forecast period of 2015 to 2026. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
SMD Type
Leaded Type

Segment by Application
Consumer Electronics
Telecommunication
Home Appliance
Automotive
Industrial Equipment
Gas and Petroleum
Others

Global Metal Oxide Varistor Market: Regional Analysis
The report offers in-depth assessment of the growth and other aspects of the Metal Oxide Varistor market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.
The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue, production, and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2015 to 2026. These analyses will help the reader to understand the potential worth of investment in a particular region.
Global Metal Oxide Varistor Market:

Competitive Landscape

This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, the global price of manufacturers, and production by manufacturers during the forecast period of 2015 to 2019.
The major players in the market include Thinking Electronic, 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, Sinochip Electronics, etc.