Transient Voltage Suppressor Market shall reach a value of $2x61.4 Million in 2027, growing with a CAGR of 12.13% during the forecast period of 2020 to 2027.
Market Definition / Research Scope
Transient Voltage Suppressors are characterized as brief span floods of electrical energy and the consequence of the unexpected arrival of vitality recently put away or prompted by different methods, for example, hefty inductive burdens or lightning. In electrical, this vivacity is implemented in an anticipated way through controlled exchanging affairs or haphazardly instigated into a beat from surface sources. Transients are brief spikes or floods in voltage or current that can conceivably affect circuits in manners going from minor glitches to disastrous disappointment. A voltage transient can be anyplace from a couple of millivolts to a larger group of volts.
Transient Voltage Suppressor (TVS) Market Growth and Trends
The predicted CAGR of global revenue is at 6.04% of the Transient Voltage Suppressor (TVS) Diodes, market growth globally. The market for TVS Diodes at a global scale is expected to grow at a CAGR of crudely 6.0% for the next five years and should reach 950 million US$ in 2024, from 710 million US$ in 2019. In 2017 the TVS Diodes market was esteemed at 666.29 M USD and is projected to reach USD 1059.10 M USD in 2025. Transient Voltage Suppressor Diodes bids various benefits such as low incremental surge resistance, availability of high current protection for 6KA to 10 KA. The major factor that drives the TVS diode market is the fast response time of the diode. It is typically less than 1 ns from 0 volts to BV. Due to the innovations in technology, some of the TVS diodes offered by Semtech Corporation operates at 2.8V and 3.3V, operating at such a low voltage is expected to a great surge in the growth industry for the TVS diode market in the near future. One of the main aspects that can hinder the growth of the transient voltage suppressor diode is energy handling and the cost involved in it. The TVS diodes are expensive in contrast to the metal oxide varistors(MOVs) and the zenar diode. The TVS diodes are in particular built, characterized, and tested for the transient voltage suppression, versus the zener diodes that are built for voltage regulation. TVS diodes are known for responding almost instantaneously this gives them a competitive advantage, they are also available in a broad range of operating voltages, common device voltage ranges from 5V to 440V for discrete devices this are key advantages that indicate market growth.
Transient Voltage Suppressor (TVS) Market Regional Analysis
Rising concerns for protecting sensitive circuits and innovations in technology are expected to drive the transient voltage suppressor market. The Asia Pacific region is estimated to emerge as a leading market with increasing demand for TVS diodes in the region. North America accounts for holding the next largest share in the market with some key players operating and growing trend of component miniaturization. Europe is estimated to grow exponentially with increased sensitivity to electrical stresses and growing demand for Transient voltage suppressors in major end-user applications. The Middle East and Africa are expected to witness a segmented growth with a projecting trend of component miniaturization.
Transient Voltage Suppressor (TVS) Market Share and Competition
Key companies operating in this industry are: Vishay, Littelfuse, ON Semiconductor, STMicroelectronics, Bourns, NXP, Diodes Inc., Infineon, BrightKing, ANOVA, FAIRCHILD, SEMTECH, MDE, TOSHIBA and EIC.
Transient Voltage Suppressor (TVS) Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2020 – 2027)
• Data breakdown for every market segment (2020 – 2027)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Type Analysis (Revenue, USD Million, 2020 - 2027)
• Uni-polar TVS
• Bi-polar TVS
Application Analysis (Revenue, USD Million, 2020 - 2027)
• Consumer electronic
• Automotive electronics
• Power Supplies
Region Analysis (Revenue, USD Million, 2020 - 2027)
• United States
• United Kingdom
• South Korea
• Middle East
• Rest of World
Transient Voltage Suppressor (TVS) Market Companies
• ON Semiconductor
• Diodes Inc.
United States Transient Voltage Suppressor (TVS) Market Research Report
Europe Transient Voltage Suppressor (TVS) Market Research Report
Asia Pacific Transient Voltage Suppressor (TVS) Market Research Report
India Transient Voltage Suppressor (TVS) Market Research Report