The global automotive varistor market is expected to grow at a significant CAGR during the forecast period (2023-2029). The use of IoT has risen dramatically in recent years, resulting in a significant surge in the development of wireless communication devices. These gadgets are made up of a variety of electronic circuits and parts. Varistors are utilised as control components in circuits to give optimal operating conditions or to protect against excessive transient voltages. Excessive transient voltages can be controlled to prevent damage to electronic circuits, lowering system maintenance costs. This feature is projected to boost varistors demand, propelling the multilayer varistors market.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Automotive Varistor Market Report Segmentation
By Type
- Metal Oxide Varistor
- Silicon Carbide Varistor
Global Automotive Varistor Market by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
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