Metal Oxide Varistors Market Outlook: Trends, Technologies, and Opportunities
The global Metal Oxide Varistors (MOV) market was valued at US$ 12.29 billion in 2024. Driven by the growing demand for robust surge protection across consumer electronics, industrial automation, and the burgeoning electric vehicle (EV) sector, the market is projected to expand at a CAGR of 10.61% from 2025 to 2035. By the end of 2035, the industry