The global market for metal oxide varistor (MOV) is deriving much of its growth from the rising popularity of Internet of Things (IoT) and the upsurge in its adoption in automobile applications. A new research report titled as “Metal Oxide Varistor (MOV) Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017-2025” has been recently added to the huge portfolio of Market Research Hub’s online research offerings. This report provides the study of the metal oxide varistor (MOV) market at a global and regional level, along with a forecast for the period between 2017 and 2025 in terms of revenue (US$ billion).
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As per the report, the metal oxide varistor (MOV) market will witness substantial growth at a CAGR of 11.7% from 2017 to 2025. At this pace, the market is expected to reach a valuation of US$20.79 billion by the end of 2025 from a value of US$7.73 billion in 2016. The report provides an in-depth analysis of the metal oxide varistor market by segmenting it based on type, end user industry, construction and composition 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. Among these, the ring MOV segment was the largest market segment in 2016, with a share of more than 44%. Analysts predict the segment will remain dominant throughout the forecast period.
Likewise, on the basis of end-user industry, the metal oxide varistor market is segmented into automotive electronics, wireless handset telecommunication, line voltage equipment, industrial power electronics, lighting ballasts, consumer electronics, defense, aerospace and healthcare among others. Geographical segmentation includes North America, Asia-Pacific, Europe and Middle East & Africa (MEA). These have been further sub-segmented into countries and regions in relevance to the market.
In the final section, the report covers a detailed competitive outlook which includes market share and company profiles of major players operating in the global metal oxide varistor market. Some of the Key players profiled in the report are General Electric, KEMET Corporation, TDK 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. Moreover, information such as company details (HQ, foundation year, and employee strength), market presence (by segment and by geography), strategic overview, SWOT analysis and historical revenue are also included in the final section of the report.
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