Global electronic systems and smart infrastructure are developing at a rapid pace. As a result, the Metal Oxide Varistor (MOV) market is entering a new phase of growth.
Recent industry research shows a clear trend. Demand for MOVs continues to rise across electric vehicles, power system upgrades, and renewable energy installations. Today, MOVs play a key role in surge protection and power electronics safety.
Global MOV Market Shows Steady Growth
According to the latest market reports:
- In 2024, the global MOV market reached approximately USD 12.6 billion.
- By 2035, the market is expected to exceed USD 24.3 billion, maintaining stable growth over the next decade.
In addition, other studies indicate that the MOV market is growing at a compound annual growth rate (CAGR) of 7–10%.
This steady expansion confirms one important fact. Surge protection is no longer optional. Instead, it has become essential across many industries.
Today, MOV demand continues to expand across industrial control systems, communication infrastructure, and consumer electronics, further driving overall market growth.
Three Key Drivers Behind MOV Market Expansion
1. Electric Vehicles and Electrification Trends
First, global electric vehicle adoption is accelerating.
As EV penetration increases, systems such as battery management systems (BMS), traction inverters, and onboard power supplies face higher electrical safety requirements.
In these applications, MOVs act as critical protection components. They suppress voltage spikes and protect sensitive power electronics.
As a result, overall system reliability and safety improve significantly.
2. Power System Upgrades and Smart Grid Development
Second, power grids worldwide are undergoing modernization.
Smart grid deployment places stricter requirements on distribution networks, control equipment, and power quality management systems.
MOVs play a vital role in power protection devices. They help maintain voltage stability and reduce surge-related failures.
Therefore, MOVs remain indispensable components in modern power systems.
3. Rapid Growth of Renewable Energy Installations
Third, renewable energy installations continue to expand rapidly.
Solar photovoltaic and wind power systems are now widely deployed across global markets.
However, these systems operate in harsh electrical environments. Inverters, power conversion units, and energy storage systems must withstand surges and lightning events.
For this reason, MOVs are increasingly used in renewable energy equipment, driving further technological advancement.
Technology Trends: Higher Performance and Integrated Protection
Looking ahead, MOV technology continues to evolve.
Industry research shows that future MOVs must deliver higher energy absorption and faster response times.
At the same time, integrated protection is becoming more common. MOVs are often combined with TVS diodes and gas discharge tubes (GDTs) to enhance overall surge protection performance.
Moreover, MOVs designed for high-voltage and high-power applications are being optimized for demanding industrial and electric vehicle environments.
Boarden MOV Solutions: Supporting the Next Generation of Power Protection
Against this market background, Boarden continues to focus on technology innovation and high-quality manufacturing.
The company offers a wide range of high-performance MOV products for industrial power supplies, smart manufacturing, electric vehicles, and power electronics.
Key Advantages of Boarden MOV Products
- Excellent surge suppression performance Optimized materials and structural design enable fast response and high energy absorption.
- Stable and reliable quality Strict quality control and comprehensive testing ensure long-term stability, even under harsh conditions.
- Wide application adaptability From renewable energy systems to power distribution and automation equipment, Boarden provides customized MOV solutions.
Boarden remains committed to delivering high-value surge protection components. These solutions help customers build safer, more reliable, and more efficient power and electronic systems.
In conclusion, the MOV market is entering a period of accelerated growth.
Electric vehicles, power system modernization, and large-scale renewable energy deployment continue to drive demand.
As applications expand, MOVs are no longer simple protection devices. Instead, they have become core components in high-reliability power and electronic system design.
If you would like to learn more about Boarden MOV products or customized surge protection solutions, please contact us at info@boardensh.com.
Let us help you build safer and more reliable power protection systems.
