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Multilayer Ceramic Capacitor Global Market Analysis by Trends, Technological Advancement, Forecast to 2032
Multilayer Ceramic Capacitor Global Market
The Business Research Company's Multilayer Ceramic Capacitor Global Market Report 2023 identifies Growing demand from the automotive industry due to the advent of electric vehicles (EVs) as the major driver for the Multilayer Ceramic Capacitor market's growth in the forecast period. lectric vehicles are vehicles that consist of a motor that is powered through electricity stored in batteries. It operates on electric motors and charges its batteries with electricity rather than utilizing fossil fuels like gasoline or diesel. The production and sale of EVs increase, there will be a huge demand created for multilayer ceramic capacitors as they are an integral part of EVs due to essential functions and small-value capacitances.
The global multilayer ceramic capacitor market size is expected to grow from $9.48 billion in 2022 to $10.32 billion in 2023 at a compound annual growth rate (CAGR) of 8.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The multilayer ceramic capacitor market is expected to grow to $14.02 billion in 2027 at a CAGR of 7.96%.
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Major competitors in the Multilayer Ceramic Capacitor market are Murata Manufacturing Co Ltd., Samsung Electro-Mechanics, Taiyo Yuden Co Ltd., Yageo Group, Walsin Technology Corporation, Kyocera Corporation, TDK Corporation
A key trend in the Multilayer Ceramic Capacitor market includes technological advancement. Major companies operating in the market are incorporating innovative technologies in the manufacture of multilayer ceramic capacitors, such as MLCCs using recyclable polyethylene terephthalate (PET), miniaturization of MLCCs, high-temperature MLCCs, and others to sustain their position in the market. For instance, in January 2022, TDK Corporation, a Japan-based manufacturer of electronic components, developed a recycling technology that successfully repurposes PET films used in the production of multilayer ceramic capacitors (MLCCs). The surfaces of PET films left over from the MLCC production process are often specifically processed, otherwise making it impossible to reuse them without additional processing.
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The Multilayer Ceramic Capacitor market is segmented -
1) By Equipment Type: Class 1, Class 2
2) By Rated Voltage Range: Low Range (Up To 50V), Mid Range (100V To 630V), High Range (1000V And Above)
3) By Application: Consumer Electronics, Automotive, Manufacturing, Healthcare, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Europe was the largest region in the Multilayer Ceramic Capacitor market.
The Business Research Company's "Global Multilayer Ceramic Capacitor Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Multilayer Ceramic Capacitor Market Include:
1. Executive Summary
2. Multilayer Ceramic Capacitor Market Characteristics
3. Multilayer Ceramic Capacitor Market Trends And Strategies
4. Multilayer Ceramic Capacitor Market - Macro Economic Scenario
5. Multilayer Ceramic Capacitor Market Size And Growth
……
27. Multilayer Ceramic Capacitor Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Multilayer Ceramic Capacitor Market
29. Multilayer Ceramic Capacitor Market Future Outlook and Potential Analysis
30. Appendix
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