Global Ceramic-metal Overvoltage Spark Gaps was valued at US$ 134 million in 2024 and is projected to reach US$ 198 million by 2032, at a CAGR of 5.0% during the forecast period 2025-2032. While North America currently leads in market share (32%), the Asia-Pacific region is expected to witness the highest growth rate (7.1% CAGR) due to rapid industrialization.
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