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Ceramic Electric Capacitor Market Size
- Report ID: GMI7933
- Published Date: Jan 2024
- Report Format: PDF
Ceramic Electric Capacitor Market Size
Ceramic Electric Capacitor Market size was valued at over USD 9.29 billion in 2023 and is set to grow at a rate of over 7% by 2032. The widespread use of capacitors & incurring investment in electrical equipment manufacturing coupled with the product effectiveness in storing electrical energy, has contributed to the market growth.
For instance, in November 2023, Siemens announced that the company has invested over USD 500 million in the U.S. catering to the development of electrical equipment’s in the country. The growing complexity, functionality, and integration of devices utilizing cutting-edge microprocessors require higher capacitance, driving a substantial increase in demand for these products, particularly in emerging economies.
A favorable outlook for electronic components, driven largely by investments in consumer electronics, automotive sectors, and other manufacturing facilities, is poised to propel industry growth. Moreover, the growing emphasis on manufacturing designs that promote miniaturization, cost-effectiveness, and superior performance is anticipated to fuel an increased demand in the market.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Ceramic Electric Capacitor Market Size in 2023: | USD 9.29 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 7% |
| 2032 Value Projection: | USD 16.45 Billion |
| Historical Data for: | 2019 to 2023 |
| No. of Pages: | 380 |
| Tables, Charts & Figures: | 493 |
| Segments covered: | Voltage, End Use, & Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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The advent of the digital economy has introduced complexities in electronic appliances, encompassing devices such as TVs, smartphones, security systems, refrigerators, and electric vehicles. The growing trend towards enhanced functionalities in these devices has spurred a demand for improved storage capabilities, consequently influencing the growth of the ceramic electric capacitor market.
The use of capacitors in the power sector is gaining traction as a result of rising investments in power grids spurred by the increasing global demand for power. Power capacitors play a crucial role in enhancing the quality, efficiency, and performance of electrical systems, while also minimizing power losses. This, in turn, contributes to a reduction in environmental impact, and as a result, their adoption is anticipated to significantly increase over the forecast period.
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Ceramic Electric Capacitor Market Scope
