North America Metal Oxide Varistors (MOV) for Surge Arresters Market was valued at USD 0.3 Billion in 2022 and is projected to reach USD 0.5 Billion by 2030, growing at a CAGR of 6.5% from 2024 to 2030.
Metal Oxide Varistors (MOV) are essential components in surge arresters, playing a vital role in protecting electrical equipment from voltage spikes caused by lightning or other power surges. In North America, the demand for MOVs in surge arresters has been on the rise, primarily due to the increasing reliance on sensitive electronic devices across industries and households. MOVs are highly efficient in clamping excessive voltage to a safe level, making them a key component in maintaining the safety and longevity of electrical systems.
The surge arresters market in North America is influenced by various industries, including power generation, telecommunications, and industrial manufacturing. In power generation, MOVs are crucial in safeguarding transformers, generators, and distribution equipment from high-voltage transients. The telecommunications industry also relies on MOV-based surge arresters to protect communication equipment from power spikes. Additionally, industrial sectors, especially manufacturing and automation, require robust surge protection to ensure the smooth operation of machinery and systems.
One of the key factors driving the demand for MOVs is the growing emphasis on electrical grid reliability. With an increasing number of power grids becoming interconnected, maintaining consistent voltage levels has become more critical. MOVs, with their ability to absorb excess energy and protect sensitive components, are considered the gold standard for protecting electrical networks from dangerous transients.
Furthermore, the rising adoption of renewable energy sources such as solar and wind power has contributed to the need for advanced surge protection solutions. These systems are more prone to fluctuations in voltage, making MOV-based surge arresters indispensable for ensuring system stability and preventing equipment damage.
North America Metal Oxide Varistors (MOV) for Surge Arresters Market
Get an In-Depth Research Analysis of the North America Metal Oxide Varistors (MOV) for Surge Arresters Market Size And Forecast [2025-2032]
Hitachi Energy
Toshiba
Meiden (Tridelta Meidensha)
Hubbell
Siemens
Lamco Industries
China XD Group
HENGDA ELECTRIC
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.
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Growing demand for below applications around the world has had a direct impact on the growth of the North America Metal Oxide Varistors (MOV) for Surge Arresters Market
Distribution Class Surge Arresters
Station Class Surge Arresters
Others
Based on Types the Market is categorized into Below types that held the largest Metal Oxide Varistors (MOV) for Surge Arresters market share In 2023.
5kA ZnO Blocks
10kA ZnO Blocks
20kA ZnO Blocks
North America (United States, North America 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)
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1. Introduction of the North America 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. North America Metal Oxide Varistors (MOV) for Surge Arresters Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. North America Metal Oxide Varistors (MOV) for Surge Arresters Market, By Type
6. North America Metal Oxide Varistors (MOV) for Surge Arresters Market, By Application
7. North America Metal Oxide Varistors (MOV) for Surge Arresters Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. North America Metal Oxide Varistors (MOV) for Surge Arresters Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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