Metal Oxide Varistors (MOV) Market Size to Hit USD 38.48 Billion by 2035
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Metal Oxide Varistors (MOVs) are vital components in electronic circuits designed to protect devices from voltage surges and transients. These non-linear resistors play a critical role in safeguarding sensitive equipment by clamping high voltage and absorbing excess energy. MOVs are widely used in various applications, including consumer electronics, industrial equipment, automotive electronics, and power distribution systems. Metal Oxide Varistors (MOVs) market is projected to reach a valuation of US$ 38.48 billion by the conclusion of the forecast period in 2034. Furthermore, the report anticipates that the market will grow at a compound annual growth rate (CAGR) of 10.61 % between 2025 and 2035. Request for sample copy of report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=15548 Key players in the MOV market focus on product innovation, strategic partnerships, and expansion into emerging markets. Prominent companies include: · ...