Global Transient Voltage Suppressor Market to Reach USD 1,529.02 Million by 2030 | CAGR of 7.9%
Category : Semiconductor And Electronics | Published Date : Aug 2024 | Type : Press Release
Transient Voltage Suppressor Market Scope & Overview:
Transient voltage suppressors (TVS) protect electronic components from voltage spikes or transients caused by lightning strikes, power surges, electrostatic discharge (ESD), or switching events. They divert excess voltage away from the circuit to limit it to a safe level. They are used in various electronic systems and applications.
Consegic Business Intelligence analyzes that the Global Transient Voltage Suppressor Market size was valued at USD 847.87 Million in 2022, and is expected to register a CAGR of 7.9% to reach 1,529.02 Million by 2030.
This report comprises Transient Voltage Suppressor Market Share, Size & Industry Analysis, 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), and Forecast, 2023-2030.
This report contains detailed information on Transient Voltage Suppressor Market Trends, Opportunities, Value, Growth Rate, Segmentation, Geographical Coverage, Company Profile, In-depth Expert Analysis, Revenue Forecast, Competitive Landscape, Growth Factors, Restraint or Challenges, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, and Cost Analysis.
As per the report analysis, the increasing adoption of consumer electronics and the need for protection of electric and electronics systems is driving the growth of the Transient Voltage Suppressor Market. The adoption of suppressors in renewable energy systems is expected to further promote potential opportunities in the market.
Segmental Analysis :
The Transient Voltage Suppressor market is segmented based on type, voltage, packaging, application, end-user, and region.
Based on the type, the market is bifurcated into Uni-Polar TVS and Bi-Polar TVS.
- The unipolar segment held the largest market share in 2022, due to its ability to provide high surge current capabilities, low clamping voltage, and fast response times.
- The bi-polar segment is expected to witness the fastest CAGR over the forecasted period, as they are widely used in high-voltage applications including automotive electronics and power distribution systems.
Based on the voltage, the market is segmented into below 5V, 5V-10V, 10V-15V, 15V-20V, and above 20V.
- In 2022, the below 5V segment accounted for the highest market share. This is mainly due to its applications in mobile devices and power supplies.
- The above 20V segment is expected to register the fastest CAGR during the forecasted period, as they are used to protect sensitive electronics from damage due to several factors.
Based on the packaging, the market is categorized into Surface Mount Technology (SMT), Through-Hole Technology (THT), and Others.
- The surface mount technology was responsible for the highest market share in 2022, due to its wide applications in industries like consumer electronics, automotive, and telecommunications.
- Over the forecasted period, the through-hole technology accounted for the fastest CAGR as it inserts through holes into the PCB instead of directly mounting.
Based on the application, the market is segmented into DC Supply Protection, DC Load Protection, AC Supply Protection, Elector-Magnetic Interference Limiting, Operational Amplifier Protection, and Others.
- The AC supply protection segment accounted for the highest market share in 2022 and is also anticipated to witness the fastest CAGR of the forecasted period. This is mainly driven by the need for the protection of critical infrastructure in the residential areas.
Based on the end-user, the market is segmented into Automotive, Telecommunication, Industrial Power Supplies, Military/Aerospace, Consumer Electronics, and Others.
- The industrial power supplies accounted for the largest market share in 2022, as transient voltage suppressors are used to protect the machinery and electrical components from damage.
- During the forecasted period, the automotive industry is expected to witness the fastest CAGR. Due to the usage of transient voltage suppressors in electronic circuits.
By region, the market is segregated into regions including North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
- In 2022, Asia Pacific was valued at USD 293.79 million and is expected to reach USD 535.00 million in 2030. Out of these, China accounted for the highest market share of 27.38% in 2022. Asia Pacific region is also anticipated to witness the fastest CAGR during the forecasted period, mainly due to the rising automotive and consumer electronics industry.
| Report Attributes | Report Details |
| 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(U.S., Canada, Mexico) Europe(U.K., Germany, France, Spain, Italy, Russia, Benelux, Rest of Europe) APAC(China, South Korea, Japan, India, Australia, ASEAN, Rest of Asia-Pacific) Middle East & Africa(GCC, Turkey, South Africa, Rest of MEA) LATAM(Brazil, Argentina, Chile, Rest of LATAM) |
Top Key Players & Competitive Landscape :
The competitive landscape encompasses major innovators, aftermarket service providers, industry giants, and niche players, all of which are thoroughly examined by Consegic Business Intelligence in terms of their strengths, weaknesses, and value-addition potential. This report includes detailed profiles of key players, market share analysis, mergers and acquisitions, resulting market fragmentation, and emerging partnership trends and dynamics.
List of prominent players in the Transient Voltage Suppressor Industry:
- Global Environmental Products
- BUCHER
- Alamo Group Inc.
- FULONGMA GROUP Co., Ltd.
- Alfred Kärcher SE & Co. KG
- FAYAT Group
- Aebi Schmidt Group
- Piquersa Maquinaria, S.A.
- Nilfisk Group
- Hako Machines Ltd
- Çeksan
Recent Industry Developments :
- In May 2023, TDK Electronics launched compact TVS diodes compatible with USB-C ports providing low clamping voltage for ESD protection.
- In September 2022, Bourns, Inc. launched a bidirectional power transient voltage suppressor (PTVS) diode called PTVS20-015C-TH designed for high-power DC line protection applications.
