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Transient Voltage Suppressor (TVS) Market - Forecast(2022 - 2027)

 Voltage Transients can be defined as short duration surges of electrical energy and are the result of the sudden release of energy previously stored or induced by other means, such as heavy inductive loads or lightning. A transient voltage suppressor, or TVS, is a general classification of an array of devices that are designed to react to sudden or momentary overvoltage conditions. Globally, growing trend of component miniaturization has resulted in an increased sensitivity to electrical stresses and has resulted in higher demand of transient voltage suppressor in major end-use applications, which is expected to remain one of the key growth drivers for the transient voltage suppressor (TVS) market during the period of study. Transient Voltage Suppressor (TVS) Market Geographically, North America dominated the transient voltage suppressor (TVS) market driven by higher demand and consumption of electronics devices. North America was followed by Asia-Pacific and Europe as second and...