Selbyville, Delaware,, Sept. 24, 2024 (GLOBE NEWSWIRE) --
The ceramic electric capacitor market is predicted to exceed USD 16.4 billion by 2032, as reported in a research study by Global Market Insights Inc. The ongoing miniaturization trend in electronics and electrical devices is pushing industry growth. As technology advances, there is a growing demand for smaller, high-performance components that can integrate into compact device designs without sacrificing performance. According to the U.S. Bureau of Economic Analysis (BEA), the electronics manufacturing industry in the U.S. grew by approximately 6.5% in 2023, with a projected growth rate of 7.2% in 2024.
The drive for miniaturization necessitates ceramic capacitors with high capacitance and reliability in smaller sizes. As devices become more compact and multifunctional, the need for advanced ceramic capacitors that meet stringent space and performance requirements is escalating. This trend highlights the importance of continuous innovation in capacitor technology to support the evolving needs of modern electronics.
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The ceramic electric capacitor market from the medium segment will exhibit considerable expansion from 2024 through 2032, driven by their essential role in balancing performance and cost. Medium voltage capacitors are crucial for applications that require stable performance without the high costs associated with higher voltage components. The advancements in manufacturing technologies enhance the reliability and efficiency of these capacitors. Additionally, the growth of telecommunications and industrial automation sectors, which often operate within medium voltage ranges, is fueling product demand.
The ceramic electric capacitor market from the consumer electronics segment will clutch a notable market share by 2032, driven by the proliferation of smart devices and gadgets. As consumer electronics become more advanced and multifunctional, the need for reliable and efficient electronic components increases. Ceramic capacitors offer advantages such as high stability, low loss, and compact size, making them ideal for the dense and intricate circuitry found in modern electronics. The innovations in technology and a surge in consumer electronics applications further heighten the requirement for high-performance capacitors.
North America ceramic electric capacitor market will grow at an impressive rate during the forecast period, fueled by the robust technology and automotive industries. The increasing adoption of advanced electronic systems and smart technologies in various telecommunications, automotive, and industrial automation sectors, catapults the need for reliable and high-performance capacitors. Additionally, North America’s emphasis on research and development, coupled with significant investments in technology infrastructure, supports the expansion of the electronics sector. This dynamic environment creates a strong demand for ceramic capacitors to meet the region’s evolving technological needs and innovations.
Major ceramic electric capacitor market vendors include KEMET Corporation, ABB, Havells India Ltd., Cornell Dubilier, ELNA CO., LTD., Murata Manufacturing Co., Ltd., and KYOCERA AVX Components Corporation, among others.
The prominent ceramic electric capacitor providers are expanding their influence through significant investments in R&D and technology upgrades. The manufacturers are forming strategic partnerships and pursuing acquisitions to enhance their product portfolios and market presence. By focusing on innovation, quality, and customer-specific solutions, these companies are positioning themselves as market leaders.
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Partial chapters of report table of contents (TOC):
Chapter 1 Methodology & Scope
1.1 Market definitions
1.2 Base estimates & calculations
1.3 Forecast calculation
Chapter 2 Executive Summary
2.1 Ceramic electric capacitor industry 360º synopsis, 2019 – 2032
2.1.1 Business trends
2.1.2 Voltage trends
2.1.3 End use trends
2.1.4 Regional trends
Chapter 3 Ceramic Electric Capacitor Market Insights
3.1 Industry ecosystem analysis
3.2 Regulatory landscape
3.3 Industry impact forces
3.3.1 Growth drivers
3.3.2 Industry pitfalls & challenges
3.4 Growth potential analysis
3.5 Porter's analysis
3.5.1 Bargaining power of suppliers
3.5.2 Bargaining power of buyers
3.5.3 Threat of new entrants
3.5.4 Threat of substitutes
3.6 PESTEL analysis
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About Global Market Insights Inc.
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
