Chip Varistor Market Growth Analysis, Market Dynamics, Key Players and Innovations, Outlook and Fore

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• The global chip varistor market has experienced steady growth in recent years. From 2020 to 2021, market volume increased by 7.16%, reaching 71,604.32 million units globally. The market size was valued at $617.25 million in 2022 and is projected to expand to $994.25 million by 2028, growing at a CAGR of 8.27%. In terms of volume, it is expected to reach 137,707.67 million units by 2028. This positive growth trajectory is driven by increasing demand for reliable circuit protection in advanced electronic devices.

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Report Studies

• Chip varistors are a type of electronic component designed to protect electronic circuits from transient voltage spikes. They are a critical part of modern electronics, helping prevent damage caused by overvoltage conditions. These devices function by absorbing excessive energy, thereby safeguarding sensitive semiconductor components from power surges. Chip varistors are widely used in consumer electronics, automotive applications, industrial machinery, and medical devices.

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By Types

• Automotive Grade Chip Varistors Pinch Valves

•Diaphragm Valves

•Others

• General Grade Chip Varistors

TDK Corporation (16.58% market share in 2021)

Panasonic

AVX Corporation

KOA Corporation

Littelfuse

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