ICT Industry Reports

Rising demand for connected devices and electric vehicles is driving the growth of Global  Metal Oxide Varistor Market   in the forecast period, 2023-2027. According to TechSci Research report,  “ Metal Oxide Varistor Market  - Global Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2017-2027 ” , the global metal oxide varistor market stood at USD8,693.25 million in 2021 and is projected to grow at a CAGR of 4.17% in the forecast period, 2023-2027. The surge in the adoption of electric vehicles and the growing popularity of smart building concepts are the key factors driving the demand for global metal oxide varistor in the next five years. An increase in the environmental concerns and stringent emission norms implemented by the government of various countries are accelerating the demand for alternate fuel automobiles. The fluctuations in crude oil prices and limited availability on earth are fueling the adoption of electric vehicles across t...

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...