Metal Oxide Varistor Market Outlook 2027 By End User, Construction, Size, Share, Trends, Growth Forecast
According to TechSci Research, Global Metal Oxide Varistor Market was valued at USD8,693.25 million in 2021 and is anticipated to project a robust growth in the forecast period with a CAGR of 4.17% due to high investment and development in industrial sector. Metal Oxide Varistor is a type of electronic device that protects semiconductor elements from switching and induced lightning surges. It's a nonlinear device that protects a circuit against high voltage spikes by altering its resistance. The metal oxide varistor is usually made of zinc oxide or similar material. These items give the varistor its quality of passing current at normal required levels. When the electric current rises to a specific point, called a breakover point or breakover voltage, tiny particles of zinc oxide begin to conduct current. This prevents the high-voltage current from passing through all the devices and equipment connected to it. Metal oxide varistors are frequently used as voltage clamping devices t...