United States Varistors market was valued at US$ 234 million in 2024 and is projected to reach US$ 301 million by 2030, at a CAGR of 4.3% during the forecast period 2024-2030.
Voltage-dependent resistors used for protecting electronic circuits from voltage spikes and transients.
Steady demand driven by increasing need for circuit protection in electronic devices. Growing adoption of varistors in automotive electronics and power distribution systems. Technological advancements improving varistor performance and reliability.
This report contains market size and forecasts of Varistors in United States, including the following market information:
• United States Varistors Market Revenue, 2019-2024, 2024-2030, ($ millions)
• United States Varistors Market Sales, 2019-2024, 2024-2030,
• United States Top five Varistors companies in 2023 (%)
Report Includes
This report presents an overview of United States market for Varistors , sales, revenue and price. Analyses of the United States market trends, with historic market revenue/sales data for 2019 – 2023, estimates for 2024, and projections of CAGR through 2030.
This report focuses on the Varistors sales, revenue, market share and industry ranking of main manufacturers, data from 2019 to 2024. Identification of the major stakeholders in the United States Varistors market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues.
This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.
This report analyzes the segments data by Type, and by Sales Channels, sales, revenue, and price, from 2019 to 2030. Evaluation and forecast the market size for Humidifier sales, projected growth trends, production technology, sales channels and end-user industry.
Segment by Type
• MLV
• MOV
• Other
Segment by Applications
• Domestic Appliances
• Lighting to Industrial Equipment
• Other
Key Companies covered in this report:
• Littelfuse, Inc.
• Vishay Intertechnology
• TDK Corporation
• Panasonic Corporation
• Murata Manufacturing Co., Ltd.
• EPCOS AG
• Bourns, Inc.
• Ohmite Manufacturing Co.
• CITEL Inc.
• AVX Corporation
Including or excluding key companies relevant to your analysis.
Competitor Analysis
The report also provides analysis of leading market participants including:
• Key companies Varistors revenues in United Statesn market, 2019-2024 (Estimated), ($ millions)
• Key companies Varistors revenues share in United Statesn market, 2023 (%)
• Key companies Varistors sales in United Statesn market, 2019-2024 (Estimated),
• Key companies Varistors sales share in United Statesn market, 2023 (%)
Drivers:
- Increasing Demand for Consumer Electronics: The surge in the use of consumer electronics such as smartphones, laptops, gaming consoles, and smart home devices is a significant driver for the varistor market in the U.S. These devices require robust protection from electrical surges, enhancing the demand for varistors to safeguard sensitive components.
- Growth of the Renewable Energy Sector: With the rise of renewable energy sources such as solar and wind, there is a growing need for surge protection in energy generation and distribution systems. Varistors are crucial in protecting electrical grids and storage systems, driving their demand in this expanding sector.
- Advancement in Automotive Electronics: The increasing adoption of electric vehicles (EVs) and the integration of advanced electronics in automobiles have heightened the need for voltage protection solutions like varistors. As the automotive sector continues to shift towards automation and electrification, the demand for varistors in the automotive industry has also risen.
- Rising Infrastructure for 5G Networks: The development and deployment of 5G infrastructure across the United States require reliable electronic components that can endure higher power levels and protect against voltage surges. Varistors play a key role in telecommunications equipment, helping manage the demand for stable and protected electrical networks.
Restraints:
- Increasing Competition from Alternative Technologies: While varistors are widely used for surge protection, alternative technologies such as transient voltage suppression (TVS) diodes are gaining traction. These components offer similar or enhanced protection, and their adoption could hamper the growth of the varistor market.
- Price Volatility of Raw Materials: Varistors are made using materials such as zinc oxide and metal oxide, which are subject to price fluctuations. Volatility in the costs of these raw materials can lead to increased production costs, potentially affecting profit margins for manufacturers and increasing the final product prices for consumers.
- Complexity in Integration: Varistors, though effective, can sometimes add complexity to circuit designs, particularly in advanced and highly integrated systems. This can deter their adoption in favor of simpler, more integrated protection solutions, especially in industries prioritizing miniaturization.
Opportunities:
- Expansion of Smart Grid Technology: The modernization of power grids through the integration of smart grid technology presents a promising opportunity for the varistor market. These grids require highly reliable components for protection against power surges and disturbances, creating demand for varistors across the energy sector.
- Increased Adoption of IoT Devices: The Internet of Things (IoT) has become a major trend across various industries, leading to an increased number of connected devices. Each of these devices is prone to voltage spikes, creating a vast potential market for varistors in the protection of IoT systems in both industrial and consumer applications.
- Government Regulations and Standards on Electrical Safety: Stricter government regulations and standards for electrical safety across various industries, including telecommunications, automotive, and industrial manufacturing, create a need for robust protective components like varistors. Manufacturers complying with these standards are likely to drive the adoption of surge protection technologies.
Challenges
- Technological Obsolescence: The rapid pace of technological advancements in electronics can quickly render existing varistor technologies obsolete. This forces manufacturers to continually invest in research and development (R&D) to stay competitive, which can be a challenge for smaller players in the market.
- High Competition and Pricing Pressure: The varistor market in the U.S. is highly competitive, with numerous global and domestic players. This intense competition often leads to pricing pressure, squeezing profit margins for manufacturers. Keeping prices competitive while maintaining product quality is a challenge, especially for new entrants.
- Stringent Quality Requirements: Varistors used in critical applications such as automotive, aerospace, and medical electronics must meet very high-quality standards. Ensuring consistent product performance, reliability, and adherence to strict regulatory requirements can be difficult for manufacturers, especially in mass production scenarios.
Key Indicators Analysed
• Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2019-2030 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
• United Statesn Market Analysis: The report includes United Statesn market status and outlook 2019-2030. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
• Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
• Opportunities and Drivers: Identifying the Growing Demands and New Technology
• Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.
Key Benefits of This Market Research:
• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Varistors Market
• Overview of the regional outlook of the Varistors Market
Key Reasons to Buy this Report:
• Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
• This enables you to anticipate market changes to remain ahead of your competitors
• You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations or other strategic documents
• The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
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