TVS Diodes Market Size, Share, Growth, and Industry Analysis, By Type (Pruning Shears, Hedge Shears, Lopping Shears, Long Reach Pruners), By Application (Household and Commercial Use), and Regional Forecast to 2027

Updated On: 22 April 2024

TVS diodes market Report Overview

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The global TVS diodes market size was USD 2068.46 million in 2021 and is expected to reach USD 2672.65 million by 2027, exhibiting a CAGR of 4.36% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with the TVS diodes market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

A transient-voltage-suppression (TVS) diode is a type of diode that is designed to protect electronic circuits from transient voltage surges. Transient voltage surges are sudden, short-term increases in voltage that can damage electronic devices. They can be caused by a variety of factors, such as lightning strikes, power outages, and switching of electrical loads. They work by clamping the voltage to a safe level. When a transient voltage surge occurs, the TVS diode starts to conduct and absorbs the excess voltage. This prevents the voltage from reaching the electronic circuit and damaging it.

COVID-19 Impact: Pandemic Increased the Market Demand

The COVID-19 pandemic has had a significant impact on the TVS diodes market share. The pandemic has led to a decline in demand for electronic products, such as smartphones, laptops, and TVs. This is because people are spending less time at home and more time working or studying remotely. As a result, there is less demand for They, which are used to protect electronic devices from transient voltage surges. The pandemic has also disrupted supply chains, making it difficult for Them manufacturers to get the materials they need to produce their products. This is because factories in China, where many Them are manufactured, have been closed due to the pandemic. In addition, the pandemic has led to a shortage of labor, as many workers have been laid off or furloughed. This has made it difficult for Them manufacturers to find workers to assemble and test their products.

Latest Trends

"Increasing Government Regulations to Protect Electronic Devices from Transient Voltage Surges is expected to Fuel the Growth in the Market"

Transient voltage surges are sudden, short-term increases in voltage that can damage electronic devices. They can be caused by a variety of factors, such as lightning strikes, switching of electrical loads, and power outages. The damage caused by transient voltage surges can be significant. It can range from minor damage, such as data corruption, to complete destruction of the device. In some cases, transient voltage surges can even cause fires. The cost of damage caused by transient voltage surges is also increasing. In the United States, the cost of damage caused by power surges is estimated to be in the billions of dollars each year. As the use of electronic devices in critical infrastructure increases, the need to protect these devices from transient voltage surges becomes more important. Transient voltage surges can cause widespread disruption to power grids and telecommunications networks, which can have a significant impact on the economy and public safety.

TVS diodes market Segmentation

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• By Type Analysis

According to type, the market can be segmented into Bi-polar TVS and Uni-polar TVS.

• By Application Analysis

Based on application, the market can be divided into Industrial, Automotive Electronics, Consumer Electronic and Others.

Driving Factors

"Increasing Adoption of Electronic Devices in a Variety of Applications to Foster the Market Growth"

Electronic devices are becoming increasingly ubiquitous in our lives. They are used in everything from smartphones and laptops to cars and medical equipment. This increasing adoption of electronic devices is driving the demand for Them. TVS diodes are used to protect electronic devices from transient voltage surges, which can be caused by a variety of factors, such as lightning strikes, power outages, and switching of electrical loads. The IoT is a network of physical devices that are connected to the internet. These devices collect and exchange data, which can be used to improve efficiency, safety, and convenience. They are used to protect IoT devices from transient voltage surges, which can disrupt their operation. The automotive industry is increasingly using electronic devices, such as sensors, actuators, and controllers. These devices are vulnerable to transient voltage surges, which can cause damage to the vehicle's electrical system. They are used to protect automotive electronic devices from transient voltage surges.

"Growing Demand for High-Speed Data Transmission to Result in the Expansion of the Market"

The demand for high-speed data transmission is also driving the demand for Them. High-speed data transmission is used in a variety of applications, such as cloud computing, streaming video, and online gaming. They are used to protect high-speed data transmission systems from transient voltage surges, which can corrupt data or disrupt the transmission. Cloud computing is a model for delivering hosted services over the internet. It allows businesses and individuals to access computing resources, such as servers, storage, and applications, on demand. They are used to protect cloud computing systems from transient voltage surges, which can disrupt the delivery of services. The rise of streaming video: Streaming video is the delivery of video content over the internet. It allows users to watch videos without having to download them first. They are used to protect streaming video systems from transient voltage surges, which can corrupt the video or disrupt the streaming.

Restraining Factors

Less energy handling capability to hamper the Market Growth

The less energy handling capability of TVS diodes is a restraining factor in the market because it limits the applications where TVS diodes can be used. TVS diodes are designed to protect electronic devices from transient voltage surges. However, the amount of energy that a TVS diode can handle is limited. If the transient voltage surge is too large, the TVS diode will fail and the electronic device will be damaged.

TVS diodes market Regional Insights

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"Asia Pacific to Lead the Market Owing to the Growing Demand for High-Speed Data Transmission. "

The Asia Pacific region has shown the highest TVS diodes market growth. The Asia Pacific region is home to some of the world's largest electronics manufacturers, such as Samsung, Sony, and TSMC. These manufacturers are driving the demand for TVS diodes in the region. The Asia Pacific region is also a major market for high-speed data transmission. The region is home to many data centers and cloud computing providers, which require TVS diodes to protect their systems from transient voltage surges.

Key Industry Players

"Key players are employing advanced technologies in order to stimulate further growth of the market.  "

All the major players are motivated to offer superior and more advanced services in order to gain a competitive edge in the market. To increase their market presence, vendors are using a variety of techniques, including product launches, regional growth, strategic alliances, partnerships, mergers, and acquisitions.

List of Market Players Profiled

• Infineon (Germany)
• Littelfuse (U.S.)
• Bourns (U.S.)
• PROTEK (Taiwan)
• INPAQ (Taiwan)
• SOCAY (China)
• BrightKing (China)
• STMicroelectronics (Switzerland)
• WAYON (China)
• ON Semiconductor (U.S.)
• MDE (China)
• TOSHIBA (Japan)

Report Coverage

This report examines an understanding of the TVS diodes market’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.