MARKET OVERVIEW
Chip varistor are ideal, surface mountable components for transient overvoltage protection. They have ceramic multilayer structure which zinc oxide (ZnO) is the principal ingredient. Great protection of electrical and electronic equipments, such as absorption of abnormal voltage/ inductive lightning surge. These components are designed for circuit protection in automotive, industrial and consumer electronics.
MARKET SIZE & GROWTH
• The global Chip Varistor Market was valued at USD 606 million in 2024.
• It is projected to reach USD 1089 million by 2031.
• The market is expected to grow at a CAGR of 9.0% during the forecast period.
