Metal Oxide Varistors (MOV)

Metal Oxide Varistors (MOV)
Global Metal Oxide Varistors (MOV) Market to Reach $27.6 Billion by 2030
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 period 2022-2030. Ring MOV, one of the segments analyzed in the report, is projected to record 12.4% CAGR and reach US$12.9 Billion by the end of the analysis period. Growth in the Block MOV segment is estimated at 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) - ABB Ltd.Eaton Corporation PLCBourns, Inc.Elecsound Technology Co,. LtdJackcon Capacitor Electronics Co., Ltd.Cheng Tung Industrial Co., Ltd.Hitano Enterprise CorporationContinental Device India Ltd. (CDIL)Fatech Electronic (Foshan) Co., Ltd.Guangdong Hongzhi Electronics Co., Ltd.Elpro International Ltd.Fenghua (H.K.) Electronics Ltd.Inpaq Technology Co., Ltd.China Metallurgical Information and Standardization Institute (CMISI)Gujarat Poly Electronics LimitPlease note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

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