Metal Oxide Varistors Market Projected to Reach US$ 16,769.2 Mn by 2026
According to a new market report pertaining to the metal oxide varistors (MOVs) market , published by Transparency Market Research the global metal oxide varistors market is expected to reach US$ 16,769.2 Mn by 2026, expanding at a CAGR of 11.9% from 2018 to 2026. According to the report, the global metal oxide varistors market will continue to be influenced by a range of macroeconomic and industry-specific factors. Asia Pacific will continue to be at the forefront of global demand, with the market in the region growing at above 13.0% through 2026. In Asia Pacific, China, India, Japan, and South Korea are expected to be the major contributors to the growth of the metal oxide varistors market over the forecast period. Growing demand for consumer electronics driving the global metal oxide varistors market Increasing demand for technologically advanced consumer electronics and telecommunication equipment is the most significant factor driving the metal oxide varistors ma...