According to our (Global Info Research) latest study, the global Metal Oxide Varistor market size was valued at US$ 958 million in 2025 and is forecast to a readjusted size of US$ 1205 million by 2032 with a CAGR of 3.3% during review period.
A Metal Oxide Varistor (MOV) is a protection component used in power supply circuits that is powered directly from AC mains. The Metal Oxide Varistor or MOV is a voltage dependent, nonlinear device that provides excellent transient voltage suppression. The Metal Oxide Varistor is designed to protect various types of electronic devices and semiconductor elements from switching and induced lightning surges. Figure Product Picture of Metal Oxide Varistor
Sustained Market Growth
Key drivers include surging demand from new energy vehicles (200-500 MOVs per vehicle) and 5G base stations (50-100 MOVs per station).
Technological and Material Innovation
The industry will rely heavily on material and process upgrades, such as lead-free production and compliance with RoHS directives. Additionally, there is a growing need for differentiated and customized performance to meet requirements like condition monitoring and intelligent response in IoT devices.
Evolving Competitive Landscape
International players (e.g., Murata, Vishay) maintain significant market share, while domestic manufacturers (e.g., Sunlord Electronics, Fenghua Advanced Technology) are gaining strength in segments like chip varistors. Technological innovation and green manufacturing (e.g., low-energy processes, recyclable designs) will be critical for competition.
This report is a detailed and comprehensive analysis for global Metal Oxide Varistor market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Metal Oxide Varistor market size and forecasts, in consumption value ($ Million), sales quantity (M Pcs), and average selling prices (USD/K Pcs), 2021-2032
Global Metal Oxide Varistor market size and forecasts by region and country, in consumption value ($ Million), sales quantity (M Pcs), and average selling prices (USD/K Pcs), 2021-2032
Global Metal Oxide Varistor market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (M Pcs), and average selling prices (USD/K Pcs), 2021-2032
Global Metal Oxide Varistor market shares of main players, shipments in revenue ($ Million), sales quantity (M Pcs), and ASP (USD/K Pcs), 2021-2026
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Metal Oxide Varistor
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Metal Oxide Varistor market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Thinking Electronic, TDK, Littelfuse, Panasonic, Bourns, Nippon Chemi-Con, Elpro International, Shiheng, Varsi (Raycap), JOYIN, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Metal Oxide Varistor market is split by Type and by Application. For the period 2021-2032, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
SMD Type Metal Oxide Varistor
Disc Type Metal Oxide Varistor
Market segment by Materials
Zinc Oxide Varistor
Silicon Carbide Varistor
Others
Market segment by Structure
Symmetrical Type
Asymmetrical Type
Market segment by Application
Consumer Electronics
Telecommunication
Home Appliance
Automotive
Industrial Equipment
Gas and Petroleum
Others
Major players covered
Thinking Electronic
TDK
Littelfuse
Panasonic
Bourns
Nippon Chemi-Con
Elpro International
Shiheng
Varsi (Raycap)
JOYIN
Fenghua
Songtian Electronics (STE)
Semitec Corporation
KOA Corporation
Xiamen SET Electronics
Kestar Electronic
Lattron
Fatech Electronic
Zhengli Group
Synton–Tech
Sinochip Electronics
Xiamen Wanming Electronics
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Metal Oxide Varistor product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Metal Oxide Varistor, with price, sales quantity, revenue, and global market share of Metal Oxide Varistor from 2021 to 2026.
Chapter 3, the Metal Oxide Varistor competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Metal Oxide Varistor breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2021 to 2032.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2021 to 2032.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2021 to 2026.and Metal Oxide Varistor market forecast, by regions, by Type, and by Application, with sales and revenue, from 2027 to 2032.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Metal Oxide Varistor.
Chapter 14 and 15, to describe Metal Oxide Varistor sales channel, distributors, customers, research findings and conclusion.
Summary:
Get latest Market Research Reports on Metal Oxide Varistor. Industry analysis & Market Report on Metal Oxide Varistor is a syndicated market report, published as Global Metal Oxide Varistor Market 2026 by Manufacturers, Regions, Type and Application, Forecast to 2032. It is complete Research Study and Industry Analysis of Metal Oxide Varistor market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.