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Electrical And Electronics Ceramics Market Analysis, Latest Trends, Growth, Opportunities, and Forecast To 2032
Electrical And Electronics Ceramics Market Analysis
The Business Research Company's Electrical And Electronics Ceramics Global Market Report 2023 identifies growing semiconductor and electronics as the major driver for the electrical and electronics ceramics market's growth in the forecast period. Semiconductors are referred to as materials with a resistance that falls between conductors and insulators. These are widely used in the electronics industry and in electronic devices such as diodes, transistors, and integrated circuits. Electrical ceramics, also known as piezoelectric ceramics, are gaining popularity in consumer electronics due to their ease of fabrication in a wide range of forms and sizes, which adds greatly to the miniaturization of electro-mechanical characteristics.
The global electrical and electronics ceramics market size grew from $11.48 billion in 2022 to $12.43 billion in 2023 at a compound annual growth rate (CAGR) of 8.3%. 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 electrical and electronics ceramics market size is expected to grow to $16.45 billion in 2027 at a CAGR of 7.3%.
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Major competitors in the electrical and electronics ceramics market are CeramTec GmbH, CoorsTek Inc., Kyocera Corporation, Mantec Technical Ceramics Ltd., Morgan Advanced Materials PLC., NGK Spark Plug Co. Ltd.
A key trend in the electrical and electronics ceramics market includes technological advancements. Major companies operating in the electrical and electronics ceramics market sector are focused on developing technologically advanced products to strengthen their market position. For instance, in June 2021, CeramTec, a Germany-based ceramic manufacturing company, launched a new ceramic power semiconductor module for drive inverters in e-mobility. The company has developed a ceramic chip-on-heatsink technology that uses ceramic coolers that de-heat semiconductor chips, providing efficient cooling.
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The electrical and electronics ceramics market is segmented -
1) By Product: Monolithic Ceramics, Ceramics Matrix Composites, Ceramics Coatings, Other Products
2) By Material: Alumina Ceramics, Titanate Ceramics, Zirconia Ceramics, Silica Ceramics, Other Materials
3) By End-User: Home Appliances, Power Grids, Medical Devices, Mobile Phones, Other End-Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the electrical and electronics ceramics market.
The Business Research Company's "Global Electrical And Electronics Ceramics 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 Electrical And Electronics Ceramics Market Include:
1. Executive Summary
2. Electrical And Electronics Ceramics Market Characteristics
3. Electrical And Electronics Ceramics Market Trends And Strategies
4. Electrical And Electronics Ceramics Market - Macro Economic Scenario
5. Electrical And Electronics Ceramics Market Size And Growth
………….
26. Africa Electrical And Electronics Ceramics Market
27. Electrical And Electronics Ceramics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Electrical And Electronics Ceramics Market
29. Electrical And Electronics Ceramics Market Future Outlook and Potential Analysis
30. Appendix
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