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Surge In Electric Vehicle Adoption Ignites Growth In The Multilayer Ceramic Capacitors Market: Key Factor Driving The Growth In The Multilayer Ceramic Capacitor Market
Multilayer Ceramic Capacitor
What Is the Expected Multilayer Ceramic Capacitor Market Size During the Forecast Period?
In recent times, the multilayer ceramic capacitor market size has seen significant growth. It's projected to rise from $11.08 billion in 2024 to $11.97 billion in 2025, with a compound annual growth rate (CAGR) of 8.0%. The expansion during the historic period can be linked to several factors such as the increase in electronics demand, miniaturization of electronics, developments in consumer electronics, progress in industrial automation, the shift towards renewable energy, and advancements in medical devices.
Projected to see robust expansion in the ensuing years, the market for multilayer ceramic capacitors is set to surge to a value of $16.48 billion by 2029, recording a compound annual growth rate (CAGR) of 8.3%. Key factors driving this growth for the forecast period include an expanding electronics market, the increase in electrification of vehicles, a surge in Internet of Things (IoT) devices, and heightened demand in consumer electronics. The forecast period will also witness other trends such as global economic patterns, competitive dynamics in the market, alterations in supply chain, environmental policies, and progressive growth in aerospace electronics.
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What Are the High-Growth Segments in the Multilayer Ceramic Capacitor Market?
The multilayer ceramic capacitor market covered in this report 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
Subsegments:
1) By Class 1: C0G (NP0) Capacitors, C1G Capacitors, Temperature-Stable Capacitors
2) By Class 2: X7R Capacitors, X5R Capacitors, Y5V Capacitors
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What Key Drivers Are Expected to Influence Future Multilayer Ceramic Capacitor Market Growth?
The surge in needs from the automotive sector due to the emergence of electric vehicles (EVs) is predicted to boost the expansion of the multilayer ceramic capacitors market. EVs are automobiles which include a motor that is energized by electricity stored in batteries, operating on electric motors and recharging its batteries with electricity instead of using fossil fuels like petrol or diesel. With the increase in production and purchase of EVs, there will be a considerable demand for multilayer ceramic capacitors, given they are a crucial component of EVs, providing vital functions and small-value capacitances. For example, the Global EV Outlook 2022 report published in May 2022 revealed that the sales of EVs had doubled from the previous year in 2021, hitting a record of 6.6 million. Thus, the rising demand from the automotive sector owing to the emergence of EVs will stimulate the growth of the multilayer ceramic capacitors market.
Which Companies Hold the Largest Share Across Different Multilayer Ceramic Capacitor Market Segments?
Major companies operating in the multilayer ceramic capacitor market are Murata Manufacturing Co. Ltd., Samsung Electro-Mechanics Co. Ltd., Taiyo Yuden Co. Ltd., Yageo Group, Walsin Technology Corporation, Kyocera Corporation, TDK Corporation, Vishay Intertechnology Inc., Samwha Capacitor Co. Ltd., Nippon Chemi-Con Corporation, Darfon Electronics Corp., MARUWA Co. Ltd., Johanson Dielectrics Inc., Knowles Corp., API Technologies Corp., AVX Corporation, Ceramic Substrates & Components Ltd., Chaozhou Three-Circle (Group) Co. Ltd., Chilisin Electronics Corp., Dearborn Electronics Pvt. Ltd., Delta Electronics Inc., Exxelia Alcon Electronics Pvt Ltd., Faratronic Co. Ltd., Holy Stone Enterprise Co. Ltd., KEMET Corporation, KOA Corporation, NIC Components Corp., Novacap Investments Inc., Presidio Components Inc., RFMW Ltd.
What Trends Are Driving Growth in The Multilayer Ceramic Capacitor Market?
Pioneering technologies are emerging as a pivotal trend in the multilayer ceramic capacitor market. Dominant corporations in the market are steering innovation by integrating cutting-edge technologies in the production of multilayer ceramic capacitors, like MLCCs that use eco-friendly polyethylene terephthalate (PET), miniaturized MLCCs, high-temperature MLCCs and more, to secure their market status. For example, TDK Corporation, a renowned electronic components manufacturer in Japan, in January 2022, rolled out a novel recycling solution that effectively recycles PET films employed in manufacturing of multilayer ceramic capacitors (MLCCs). After the production of MLCCs, residual PET films usually undergo specific processing, which makes them unrecyclable without further processing.
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What Are the Emerging Geographies for The Multilayer Ceramic Capacitor Market Growth?
Europe was the largest region in the multilayer ceramic capacitor market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the multilayer ceramic capacitor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Multilayer Ceramic Capacitor Market?
2. What is the CAGR expected in the Multilayer Ceramic Capacitor Market?
3. What Are the Key Innovations Transforming the Multilayer Ceramic Capacitor Industry?
4. Which Region Is Leading the Multilayer Ceramic Capacitor Market?
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