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Metal Oxide Varistor (MOV) Market Size and Growth
The Metal Oxide Varistor (MOV) market research reports indicate a growing demand for MOVs due to their surge protection capabilities in various industries. The market size for MOVs is expected to reach USD 1.5 billion by 2025, driven by increasing concerns over equipment protection and safety.
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Companies Covered (Covid 19 Impact Covered)
◍ TDK
◍ General Electric
◍ KEMET
◍ Moda-Innochips
◍ MDE Semiconductor
◍ Dean Technology
◍ Centra Science
◍ Amotech
◍ Vishay Intertechnology
◍ Murata Manufacturing
The Metal Oxide Varistor (MOV) Market is highly competitive with key players such as TDK, General Electric, KEMET, Moda-Innochips, MDE Semiconductor, Dean Technology, Centra Science, Amotech, Vishay Intertechnology, and Murata Manufacturing. These companies utilize MOV technology in various applications to enhance surge protection and safety, contributing to the market's growth.
- TDK reported sales revenue of $12.2 billion
- General Electric reported sales revenue of $121.61 billion
- KEMET reported sales revenue of $1.59 billion
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