Chip Varistor Market Size, Share 2024
The global Chip Varistor market was valued at US$ 591.6 million in 2023 and is projected to reach US$ 742.2 million by 2030, 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. 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. Download FREE Sample of this Report @ statsmarketresearch.com/download-free-sampl.. 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 com...