Chip Varistor Market Scope 2023-2032

Sep 14, 2023

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.

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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.

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

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)