The global chip metal oxide varistor (MOV) market was valued at US$ 82.2 Mn in 2022 and is projected to reach US$ 116.5 Mn by 2031, expanding at a CAGR of 3.9% during the forecast period from 2023 to 2031. MOVs, vital for protecting sensitive electronic circuits against voltage surges and transients, are witnessing increased adoption due to the rise in compact and smart electronic devices,...