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Asia Pacific Ceramic Electric Capacitor Market Trends

Report ID: GMI11601
Published Date: Sep 2024
Report Format: PDF

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Asia Pacific Ceramic Electric Capacitor Market Trends

The rising demand for higher capacitance in electronic devices, driven by the increasing complexity and functionality of modern appliances such as smartphones, electric vehicles, and smart home systems, is accelerating the adoption of ceramic electric capacitors. Additionally, the growing focus on sustainability and energy efficiency is driving the use of these capacitors in electrical infrastructure. As essential components in electrical systems, capacitors enhance energy efficiency and minimize power losses, aligning with global efforts toward environmental responsibility. This shift is fueling demand in the ceramic electric capacitor market, particularly from industries prioritizing eco-friendly practices.

Authors: Ankit Gupta , Shashank Sisodia

Frequently Asked Questions (FAQ) :

The market was valued at USD 3.4 billion in 2023 and is projected to grow at a 6.9% CAGR from 2024 to 2032, driven by extensive use in electrical equipment manufacturing and energy storage.

The low voltage sector is expected to surpass USD 5 billion by 2032, fueled by advancements in materials and manufacturing techniques aimed at improving performance.

China's market is anticipated to exceed USD 2 billion by 2032, supported by the modernization of electrical transmission and distribution systems and the implementation of smart grids.

Key players include ABB, AVX, Cornell Dubilier, Elna, Havells, Kemet, Kyocera, Murata, Panasonic, Samsung Electro-Mechanics, Schneider Electric, Siemens, Taiyo Yuden, TDK, Vishay, Wima, and Xuansn.