Ceramic Electric Capacitor Market - By Voltage (Low, Medium, High), By End-Use (Consumer Electronics, Automotive, Communication & Technology, Transmission & Distribution) & Forecast, 2024 - 2032

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.
 

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.
 

COVID- 19 Impact

The ceramic electric capacitor market faced challenges during the COVID-19 pandemic, experiencing disruptions in the supply chain, production delays, and fluctuations in demand. However, the industry demonstrated resilience, adapting to the dynamic market conditions. The emphasis on digital transformation and the increasing need for electronic devices contributed to the market's recovery post-pandemic.
 

Ceramic Electric Capacitor Market Trends

Increasing demand for higher capacitance in electronic devices, driven by the evolving complexities and functionalities of modern appliances like smartphones, electric vehicles, and smart home systems is spurring the growth towards the adoption of ceramic electric capacitors. In addition, growing emphasis on sustainability and energy efficiency is witnessing deployment of the product across electrical infrastructure. Capacitors, being integral components in electrical systems, play a crucial role in improving energy efficiency and reducing power losses. This aligns with the global focus on environmental responsibility, pushing industries to adopt technologies that contribute to a greener future. As a result, the market is witnessing increased demand from sectors prioritizing eco-friendly practices.
 

The market is experiencing a surge in demand from the power sector, fueled by substantial investments in power grids to meet the escalating global power demand. Power capacitors, known for enhancing the quality and performance of electrical systems while minimizing power losses, are becoming integral in power grid infrastructure. These trends collectively reflect a dynamic landscape for the market, characterized by technological advancements, sustainability considerations, and a growing need for efficient energy storage solutions.
 

Ceramic Electric Capacitor Market Analysis

Based on voltage, the market is segmented as low, medium, & high. Low voltage ceramic electric capacitor industry will grow at a rate of over 7.3% by 2032. Rising emphasis on advanced materials and manufacturing techniques to enhance the performance of low voltage ceramic capacitors will witness a substantial growth over the projected timeframe. Manufacturers are investing in research and development to innovate materials, improve capacitance values, and ensure reliability in diverse operating conditions. This trend reflects the ongoing efforts to meet the evolving requirements of modern electronic applications.
 

• The market is experiencing a surge in demand from the automotive sector as electric vehicles (EVs) become increasingly prevalent. Low voltage ceramic capacitors play a crucial role in EVs, contributing to energy storage, power management, and electronic control units.
   
• As the automotive industry transitions towards electrification, the demand for low voltage ceramic capacitors is poised to witness sustained growth.
   
• These trends collectively define a dynamic landscape for the low voltage market, driven by technological advancements and the evolving needs of contemporary electronic applications.
   

Based on end-use the ceramic electric capacitor market is segmented as consumer electronics, automotive, communications & technology, transmission & distribution, others. The transmission & distribution end use industry will grow at a rate of over 7.6% by 2032. Increasing adoption of these capacitors in power grids and substations to address challenges related to power quality and distribution will increase the product deployment across the transmission & distribution end use industry. With the modernization of T&D infrastructure and the integration of renewable energy sources, there is a growing need for capacitors that can stabilize voltage levels, reduce losses, and improve overall system performance.
 

• The automotive industry is experiencing a surge in the utilization of electronic assemblies and modules, including capacitors, driven by the imperative to enhance fuel efficiency, safety levels, driving performance, and overall convenience in vehicles.
   
•  Automakers are increasingly incorporating advanced propulsion technologies to comply with stringent emission regulations, leading to a higher number of these electronic components in automobiles.
   
• Automotive grade capacitors find extensive adoption across various car systems, encompassing accessory, engine control, safety, wiper control circuits, lighting, vehicle navigation, speech recognition, and body control structures.
   
• This widespread integration of capacitors contributes to a positive business outlook for the automotive electronic components industry.
   

Asia Pacific ceramic electric capacitor market will grow at a rate of over 6.9% by 2032. The Asia Pacific region has experienced a rise in the demand for ceramic electric capacitors, attributed to the ongoing modernization efforts in electrical transmission and distribution systems. The adoption of smart grids, aimed at promoting energy conservation and incorporating renewable energy sources, is a key factor driving the deployment of these capacitors in the region. In addition, the market is fueled by the growth in renewable energy initiatives and the ongoing retrofitting and replacement activities targeting aging infrastructure. As countries in the Asia Pacific region continue to advance their power systems to meet contemporary standards and sustainability goals, the demand for ceramic electric capacitors is expected to propel during the projected timeframe.
 

• In North America, utilities are implementing strategies to minimize transmission and distribution losses through the installation of distribution capacitors. The industry's growth is driven by a rigorous framework for grid modernization and supported by state-owned utilities through various mechanisms and endowments.
   
• The growth prospects for the industry are expanding due to the increased demand for aluminum, tantalum, and ceramic chip capacitors driven by advancements in robotics, drone technology, and their integration with the IoT.
   
• There has been massive investment for fiber optic buildout and 5G wireless network technology that act as an avenue for new technologies prospects. In addition, the government across the region, specifically the U.S. has proposed agendas including deregulation and significant cut in corporate tax that benefits the telecommunication industry, hence directly propelling the capacitor demand.
   
• Technological advancements and continued pursuit of customer centricity are at the core of this industry and will continue to act as an avenue for growth over the forecast period.
   

Ceramic Electric Capacitor Market Share

The focal point for leading players in the market remains the development of high-quality capacitors with maximum capacitance, coupled with a focus on technical innovation, timely delivery, and competitive pricing. These key factors contribute to securing a competitive position for industry leaders in the dynamic landscape of the capacitor market.
 

Ceramic Electric Capacitor Market Companies

Key manufacturers operating in the ceramic electric capacitor industry includes:

• ABB
• Cornell Dubilier
• ELNA CO., LTD.
• Havells India Ltd.
• KEMET Corporation
• KYOCERA AVX Components Corporation
• Murata Manufacturing Co., Ltd.
• Panasonic Corporation
• SAMSUNG ELECTRO-MECHANICS
• Schneider Electric
• Siemens
• TAIYO YUDEN CO., LTD.
• TDK Corporation
• Vishay Intertechnology, Inc.
• WIMA GmbH & Co. KG
• Xuansn Capacitor
   

Ceramic Electric Capacitor Industry News

• In April 2023, ABB launched electrical asset monitoring platform, CogniEN, for cognitive electrical networks used in renewable energy infrastructure, data centers, and EV charging applications. The platform is suited for cognitive electrical network utilizing data intelligence that allows operators to identify problems with the related electrical installation.
   
• In February 2023, KEMET introduced a new series of electrical capacitors, AAR80 series, an AEC-Q200 aluminum rectangular capacitor, designed for automotive applications. The product offers good ripple current capability, high capacitance, and robust vibration resistance. The introduction of new product series is anticipated to increase the product adoption across automobile applications, thereby augmenting the overall electrical capacitor market growth.
   

Ceramic electric capacitor market research report includes in-depth coverage of the industry with estimates & forecast in terms of ‘Thousand Units & ‘USD Million’ from 2019 to 2032, for the following segments:

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By Voltage, 2019 – 2032 (Thousand Units & USD Million)

• Low
• Medium
• High

By End Use, 2019 – 2032 (Thousand Units & USD Million)

• Consumer electronics
• Automotive
• Communications & technology
• Transmission & distribution
• Others

The above information has been provided for the following countries across the regions:

North America

• U.S.
• Canada
• Mexico

Europe

• UK
• France
• Germany
• Italy
• Austria

Asia Pacific

• China
• Japan
• India
• South Korea
• Australia

Middle East & Africa

• Saudi Arabia
• UAE
• Qatar
• Kuwait

Latin America

• Brazil
• Argentina
• Chile