Global Metal Oxide Varistor (MOV) Market Projected to Register a Healthy CAGR of 11.7% by 2025

Albany, NY -- (SBWIRE) -- 05/23/2017 -- The global market of Metal Oxide Varistor (MOV) has been immensely affected by the rising popularity of Internet of Things (IoT) and its widespread adoption in automobile application. Seeing the growth, Market Research Hub (MRH) has recently added a forecast report to its online research database with the title "Metal Oxide Varistor (MOV) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025" which offers detailed analysis of the market by considering some major regions. According to the key findings, the global market will rise at a healthy CAGR of 11.7% from 2017-2025, with the market growth from US$7.73 billion to US$20.79 billion by the end of 2025.