Us Metal Oxide Varistors (MOV) for Surge Arresters Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
Metal Oxide Varistors (MOV) for Surge Arresters Market was valued at USD 1.5 Billion in 2022 and is projected to reach USD 2.5 Billion by 2030, growing at a CAGR of 7.0% from 2024 to 2030.
US Metal Oxide Varistors (MOV) Surge Arresters Market: Trends, Growth, and Future Outlook
In today's rapidly evolving technological landscape, safeguarding electronic equipment from voltage surges is paramount. Metal Oxide Varistors (MOVs) serve as critical components in surge arresters, protecting devices across various sectors. The US market for MOV surge arresters is experiencing significant growth, driven by several key factors.
Key Market Drivers:
Proliferation of IoT and Smart Devices: The expansion of the Internet of Things (IoT) has led to an increased number of connected devices, all requiring robust surge protection to ensure reliability and longevity.
Rise in Electric Vehicle (EV) Adoption: As the automotive industry shifts towards electric vehicles, the demand for MOVs to protect sensitive EV components from voltage spikes has surged.
Renewable Energy Integration: The incorporation of renewable energy sources, such as solar and wind, into the power grid introduces variability that necessitates effective surge protection solutions.
Market Challenges:
Alternative Technologies: Competing surge protection technologies, like Gas Discharge Tubes (GDTs) and Transient Voltage Suppressors (TVS), present alternatives that may impact MOV adoption in certain applications.
Manufacturing Complexities: The production of MOVs involves intricate processes and fluctuating raw material costs, which can pose challenges for manufacturers.
Opportunities and Future Outlook:
The US MOV surge arresters market is poised for continued growth. Emerging trends include the miniaturization of MOVs for compact electronic devices and the development of high-capacity MOVs for industrial applications. Additionally, the expansion of 5G networks and advancements in telecommunication infrastructure present new avenues for MOV integration.
As industries increasingly prioritize the protection of electronic systems, the demand for reliable surge protection solutions like MOVs is expected to rise. Stakeholders in the US market are focusing on innovation and strategic partnerships to capitalize on these opportunities, ensuring the resilience and safety of electronic infrastructure.
Get an In-Depth Research Analysis of the Global Metal Oxide Varistors (MOV) for Surge Arresters Market Size And Forecast [2025-2032]
Â
Hitachi Energy
Toshiba
Meiden (Tridelta Meidensha)
Hubbell
Siemens
Lamco Industries
China XD Group
HENGDA ELECTRIC
Â
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
Get Discount On The Purchase of the Global Metal Oxide Varistors (MOV) for Surge Arresters Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the Global Metal Oxide Varistors (MOV) for Surge Arresters Market
AC MOVs
DC MOVs
Bipolar MOVs
Unidirectional MOVs
Transient Voltage Suppressors (TVS)
Residential
Commercial
Industrial
Telecommunications
Aerospace and Defense
Low Voltage (< 1000V)
Medium Voltage (1000V - 3000V)
High Voltage (> 3000V)
Construction
Energy and Power
Automotive
Consumer Electronics
Data Centers
Surface Mount Device (SMD)
Through-Hole Device
Module Type
Integrated Circuits (IC)
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
For More Information or Query, Visit @ Metal Oxide Varistors (MOV) for Surge Arresters Market Research Analysis
1. Introduction of the Global Metal Oxide Varistors (MOV) for Surge Arresters Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Metal Oxide Varistors (MOV) for Surge Arresters Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Metal Oxide Varistors (MOV) for Surge Arresters Market, By Type
6. Global Metal Oxide Varistors (MOV) for Surge Arresters Market, By Application
7. Global Metal Oxide Varistors (MOV) for Surge Arresters Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Metal Oxide Varistors (MOV) for Surge Arresters Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Global Research and Consulting firm servicing over 5000+ global clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/