The global Chip Varistor market was valued at US$ 591.6 million in 2022 and is projected to reach US$ 742.2 million by 2029, at a CAGR of 3.3% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Market size in 2022 | US$ 591.6 million | Forecast Market size by 2029 | US$ 742.2 million |
Growth Rate | CAGR of 3.3% | Number of Pages | 250+ Pages |
Chip varistor are ideal, surface mountable components for transient overvoltage protection. They have ceramic multilayer structure which zinc oxide (ZnO) is the principal ingredient. Great protection of electrical and electronic equipments, such as absorption of abnormal voltage/ inductive lightning surge. These components are designed for circuit protection in automotive, industrial and consumer electronics.
A chip varistor is an essential electronic component utilized for safeguarding sensitive electronic circuits against sudden voltage surges or spikes. It operates as a voltage-dependent resistor (VDR) and displays a non-linear resistance characteristic, implying that its resistance varies with changes in voltage.
Typically composed of a ceramic material like zinc oxide, the chip varistor is designed to be compact and small, facilitating its seamless integration into electronic devices and circuit boards.
Once the voltage across a chip varistor exceeds a specific threshold, it initiates the conduction of current, effectively diverting excessive voltage away from the protected circuit. By absorbing and dissipating the surplus energy, chip varistors prevent potential damage to delicate components and uphold the overall stability and reliability of electronic systems.
The widespread use of chip varistors spans across various electronic devices and equipment, encompassing power supplies, telecommunication systems, computers, industrial machinery, and automotive electronics. These varistors’ ability to promptly respond to voltage fluctuations and provide robust protection establishes them as vital components for guarding sensitive electronics against sudden changes in voltage.
Chip Varistor Market aims to provide a comprehensive presentation of the global market for Chip Varistor, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Chip Varistor. Chip Varistor Market contains market size and forecasts of Chip Varistor in global, including the following market information:
Global Chip Varistor Market Revenue, 2018-2023, 2024-2032, ($ millions)
Global Chip Varistor Market Sales, 2018-2023, 2024-2032, (K Units)
Global top five Chip Varistor companies in 2022 (%)
The chip varistor market is dominated by a few major players. The top 5 chip varistor players account for approximately 55% of the total global market. These players include TDK, Panasonic, AVX, KOA Corporation, and Littelfuse.
Japan is the largest producer of chip varistors. The country holds a share over 32% of the global market. This is followed by Europe, with a market share of 20%, and China, with a market share of 12%.
Asia-Pacific is the largest consumer market for chip varistors. The region accounts for about 72% of the global market. This is followed by North America, with a market share of 18%.
The demand for chip varistors is expected to grow in the coming years. This is due to the increasing adoption of electronic devices in various industries. The growth of the chip varistor market is expected to be driven by the following factors:
The increasing adoption of electronic devices in the automotive, industrial, and consumer electronics industries.
The growing demand for chip varistors in the renewable energy sector.
The rising investments in research and development by chip varistor manufacturers.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Chip Varistor, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Chip Varistor.
The Chip Varistor market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2032. This report segments the global Chip Varistor market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
We surveyed the Chip Varistor manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Report Attributes | Report Details |
Report Title | Chip Varistor Market Size, Emerging Trends, Technological Advancements, and Business Strategies 2023-2032 |
Market size in 2022 | US$ 591.6 million |
Forecast Market size by 2029 | US$ 742.2 million |
Growth Rate | CAGR of 3.3% |
by Type |
|
by Application |
|
by End-User |
|
key players |
|
Historical Year | 2018 to 2022 (Data from 2010 can be provided as per availability) |
Base Year | 2022 |
Forecast Year | 2030 |
Number of Pages | 100+ Pages |
Customization Available | Yes, the report can be customized as per your need. |
Total Market by Segment:
Global Chip Varistor Market, by Type, 2018-2023, 2024-2032 ($ Millions) & (K Units)
Global Chip Varistor Market Segment Percentages, by Type, 2022 (%)
General Grade
Automotive Grade
Global Chip Varistor Market, by Application, 2018-2023, 2024-2032 ($ Millions) & (K Units)
Global Chip Varistor Market Segment Percentages, by Application, 2022 (%)
Electronic Device
TVs
AV Devices
Automotive
Other
Global Chip Varistor Market, by By End-User, 2018-2023, 2024-2032 ($ Millions) & (K Units)
Global Chip Varistor Market Segment Percentages, by By End-User, 2022 (%)
Original Equipment Manufacturers (OEMs)
Contract Manufacturers (CMs)
Global Chip Varistor Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions) & (K Units)
Global Chip Varistor Market Segment Percentages, By Region and Country, 2022 (%)
North America : Europe : Asia-Pacific : Latin America : The Middle East & Africa :
U.S.
Canada
Key trends:
Miniaturization As communications and consumer products become more integrated, miniaturized, and multifunctional, chip varistors are required to be smaller in size
Low Voltage Transient voltage and surge current are fatal to integrated circuits and semiconductor devices, especially in recent years because of the gradual decline of the operating voltage of integrated circuits and semiconductor devices, it is necessary to develop chip varistors with low operating voltage (less than 5 volts).
Integrated Array In order to reduce the volume of chip varistors, several single varistors are integrated into a single electronic component, called a varistor bar.Compared with discrete devices, varistor bars can save space on the board and production and assembly costs.
Multiple Using LTCC technology, the varistor is combined with other components to form a multifunctional composite module, such as varistor and inductor, to form a module with both ESD protection and anti-EMI function.
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Chip Varistor revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Chip Varistor revenues share in global market, 2022 (%)
Key companies Chip Varistor sales in global market, 2018-2023 (Estimated), (K Units)
Key companies Chip Varistor sales share in global market, 2022 (%)
Key Drivers:
Chip varistors are gaining popularity in the automotive, industrial, and consumer electronics sectors, as they are widely adopted for protecting electronic devices from transient overvoltages. These varistors are manufactured using ceramic materials that exhibit a non-linear current-voltage characteristic. In the event of a transient overvoltage, the chip varistor acts as a clamp, limiting the voltage to a safe level and preventing any potential damage to the electronic device.The increasing integration of electronic components in automotive, industrial, and consumer electronics is fueling the demand for chip varistors.
The renewable energy sector is experiencing significant growth, which is also contributing to the rising demand for chip varistors. Chip varistors find applications in renewable energy systems, such as solar inverters and wind turbines, providing protection against transient overvoltages in these devices.
Further, the report presents profiles of competitors in the market, key players include:
TDK
Panasonic
AVX
MARUWA
Shenzhen Sunlord Electronics
KOA Corporation
Aeneas Electronics
Sinochip Electronics
Zhuoyingshe
Shenzhen Gongcheng Technology
Xin Chen Yang
Littelfuse, Inc.
Vishay Intertechnology, Inc.
Murata Manufacturing Co., Ltd.
Bourns, Inc.
EPCOS AG (TDK-EPC Corporation)
Recent Developments:
TDK Corporation announced the expansion of its chip varistor production capacity in China.
AVX Corporation launched a new line of chip varistors that are designed for automotive applications.
Panasonic Corporation announced the development of a new type of chip varistor that is more resistant to high temperatures.
Comments