Global Chip Varistor Market, valued at USD 606 million in 2026, is undergoing a period of robust acceleration. It is projected to reach USD 1.23 billion by 2034, growing at a CAGR of 8.3%. As of early 2026, chip varistors have evolved from simple protective components into specialized guardians for high-frequency 5G hardware and high-voltage Electric Vehicle (EV) powertrains.

While historical growth (2022-2024) was stable, the "2026 Shift" marks a surge in demand for Automotive Grade and Industrial Grade varistors, which are outperforming general-grade components due to the increasing complexity of vehicle safety systems and smart grid infrastructure.

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