Transient Voltage Suppressor Market to reach USD 1,529.02 Million by 2030, emerging at a CAGR of 7.9% and forecast 2023-2030
Transient Voltage Suppressor Market Overview:
The Transient Voltage Suppressor Market is expected to reach USD 1,529.02 Million by 2030, growing at a CAGR of 7.9% from 2023 to 2030.
TVs diodes protect electronic devices from voltage spikes and surges caused by lightning strikes, power outages, and electrostatic discharge (ESD).
TVs are widely used in power supplies, data lines, telecommunications equipment, consumer electronics, automotive electronics, and industrial equipment.
Transient Voltage Suppressor Market Drivers:
Increasing demand for reliable electronics: Growing reliance on electronic devices in various sectors fuels the need for protection against voltage transients.
Miniaturization of electronic components: Smaller devices are more susceptible to damage from voltage spikes, necessitating TVs with smaller footprints.
Growing adoption of Internet of Things (IoT): The proliferation of interconnected devices creates a larger market for TVs to safeguard them from transient voltage events.
Stringent regulatory requirements: Regulations focusing on electronic device safety and electromagnetic compatibility (EMC) drive TVS adoption.
Transient Voltage Suppressor Market Key Players:
AVX Corporation
Bourns Inc.
BrightKing Inc.
Diodes Inc.
Infineon Technologies AG
Littelfuse Inc.
Microsemi Corporation
Nexperia
NXP Semiconductors N.V.
ON Semiconductor Corporation
Panasonic Corporation
ProTek Devices
ROHM Semiconductor
Remcom
Transient Voltage Suppressor Market Segmentation:
By Type: Uni-Polar TVS and Bi-Polar TVS
By Voltage: Below 5V, 5V-10V, 10V-15V, 15V-20V, and Above 20V
By Packaging: Surface Mount Technology (SMT), Through-Hole Technology (THT), and Others
By Application: DC Supply Protection, DC Load Protection, AC Supply Protection, Elector-Magnetic Interference Limiting, Operational Amplifier Protection, and Others
By End-User: Automotive, Telecommunication, Industrial Power Supplies, Military/Aerospace, Consumer Electronics, and Others
By Region: North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa
Transient Voltage Suppressor Market Regional Analysis:
Asia Pacific: Currently the largest market due to the booming electronics manufacturing industry and growing demand for consumer electronics.
North America: Significant Transient Voltage Suppressor Market Share driven by advanced electronics infrastructure and focus on product safety.
Europe: Stringent regulations and growing adoption of automation in industries contribute to market growth.
Rest of the World: Increasing investments in electronics manufacturing and infrastructure development present future growth potential.
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