Global Low Voltage Metal Oxide Varistors (MOV) Market Growth 2025-2031

The global Low Voltage Metal Oxide Varistors (MOV) market size is predicted to grow from US$ 3989 million in 2025 to US$ 7460 million in 2031; it is expected to grow at a CAGR of 11.0% from 2025 to 2031.

Low Voltage Metal Oxide Varistors (MOV) are electronic components made from zinc oxide and other metal oxides, designed to protect low-voltage circuits from transient voltage spikes and surges. They exhibit non-linear resistance, allowing them to absorb and dissipate excess energy when the voltage exceeds a specific threshold, safeguarding sensitive electronic devices.



United States market for Low Voltage Metal Oxide Varistors (MOV) is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

China market for Low Voltage Metal Oxide Varistors (MOV) is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Europe market for Low Voltage Metal Oxide Varistors (MOV) is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Global key Low Voltage Metal Oxide Varistors (MOV) players cover Bourns, Inc., CEDICOM ELECTRONICS, Dongguan Tianrui Electronics, Eaton Corporation PLC, Elpro International Ltd, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.

LP Information, Inc. (LPI) ' newest research report, the “Low Voltage Metal Oxide Varistors (MOV) Industry Forecast” looks at past sales and reviews total world Low Voltage Metal Oxide Varistors (MOV) sales in 2024, providing a comprehensive analysis by region and market sector of projected Low Voltage Metal Oxide Varistors (MOV) sales for 2025 through 2031. With Low Voltage Metal Oxide Varistors (MOV) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Low Voltage Metal Oxide Varistors (MOV) industry.

This Insight Report provides a comprehensive analysis of the global Low Voltage Metal Oxide Varistors (MOV) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Low Voltage Metal Oxide Varistors (MOV) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Low Voltage Metal Oxide Varistors (MOV) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Low Voltage Metal Oxide Varistors (MOV) and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Low Voltage Metal Oxide Varistors (MOV).

This report presents a comprehensive overview, market shares, and growth opportunities of Low Voltage Metal Oxide Varistors (MOV) market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Surface Mount Technology (SMT) Mounting Type
Through Hole Mounting Type

Segmentation by Application:
Industrial power system
Power transformer
Communication base station
Other

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Bourns, Inc.
CEDICOM ELECTRONICS
Dongguan Tianrui Electronics
Eaton Corporation PLC
Elpro International Ltd
Guangdong Uchi Electronics
INPAQ Technologies Co. Ltd
KEMET Corporation
KYOCERA AVX
Littelfuse, Inc.
Meritek Electronics Corporation
Nippon Chemi-Con Corporation
Panasonic Corporation
Synton-Tech Corporation
TDK Electronics AG
Vishay Intertechnology Inc.
Walsin Technology Corporation

Key Questions Addressed in this Report

What is the 10-year outlook for the global Low Voltage Metal Oxide Varistors (MOV) market?

What factors are driving Low Voltage Metal Oxide Varistors (MOV) market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Low Voltage Metal Oxide Varistors (MOV) market opportunities vary by end market size?

How does Low Voltage Metal Oxide Varistors (MOV) break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.