Global Metal Oxide Varistor (MOV) Market to Reach $18. 8 Billion by 2027. Amid the COVID-19 crisis, the global market for Metal Oxide Varistor (MOV) estimated at US$9. 4 Billion in the year 2020, is projected to reach a revised size of US$18.
New York, Nov. 10, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Metal Oxide Varistor (MOV) Industry” – https://www.reportlinker.com/p05961038/?utm_source=GNW
8 Billion by 2027, growing at a CAGR of 10.4% over the analysis period 2020-2027. Disc MOV, one of the segments analyzed in the report, is projected to record a 12.2% CAGR and reach US$3.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Strap MOV segment is readjusted to a revised 8.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $2.8