Multilayer Varistor Market Set for Steady Growth Backed by Surge in Portable Electronic Devices
The multilayer varistor market is expected to witness significant growth between 2025 and 2035, fueled by the increasing adoption of advanced electronic systems. Rising consumer preference for smart devices, along with the proliferation of Internet of Things (IoT) technology, further accelerates market expansion. The market is projected to achieve a compound annual growth rate (CAGR) of approximately 6.9 %during the forecast period.
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