A varistor is an electronic component with an electrical resistance that varies with the applied voltage. Also known as a voltage-dependent resistor (VDR), it has a nonlinear, non-ohmiccurrent–voltage characteristic that is similar to that of a diode. In contrast to a diode however, it has the same characteristic for both directions of traversing current. At low voltage it has a high electrical resistance which decreases as the voltage is raised.
Varistors are used as control or compensation elements in circuits either to provide optimal operating conditions or to protect against excessive transient voltages. When used as protection devices, they shunt the current created by the excessive voltage away from sensitive components when triggered.
The Global Varistors Market had reached xxx million USD with a CAGR xx from 2018-2022. Later on, it will go to xxx million USD in 2023 with a CAGR xx % from 2023-2030.

In the global Varistors Market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the Market on the basis of application, type, regions, and manufactures.

In Market segmentation by manufacturers, the report covers the following companies-
ABB
SIEMENS
TOSHIBA
Elpro
MacLean Power Systems
OTOWA Electric
MEIDENSHA CORPORATION
Nanyang Jinguan
Pinggao
RIGHT ELECTRIC
Zhejiang Bitai
YUEQING TIANYI
Nanyang Zhongwei
Nanyang Jinniu
Wuhan Yinghe

In Market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

In Market segmentation by types :
LV MOV
HV-MV MOV

In Market segmentation by applications :
Telecommunication
Power
Building
Railway
Petrochemical
New Energy
Others

The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Varistors Market for the forecast period 2023-2030?
• What are the driving forces in the Varistors Market for the forecast period 2023-2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Varistors industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?
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