Ceramic Electric Capacitor Market Size - By Voltage, By End Use, Analysis, Share, & Growth Forecast, 2025 - 2034

Ceramic Electric Capacitor Market Size

The global ceramic electric capacitor market size was estimated at USD 9.5 billion in 2024 and is expected to reach USD 19 billion by 2034, growing at a CAGR of 7.5% from 2025 to 2034, credited to the broader application of capacitors, increased investment in electrical equipment, and their role as energy storage components. Miniaturization and higher capacitance are the prime trends as manufacturers are keen to keep pace with the demands of smaller, more efficient devices.
 

The increasing use of electric vehicles and 5G technology also spurs demand for stable, high-frequency components. Manufacturers are concentrating on creating capacitors that can operate well in high-temperature and harsh environments, catering to industrial and automotive applications. Sustainability and regulatory compliance are also driving innovations in environmentally friendly materials and manufacturing processes. For instance, Izumo Murata Manufacturing, a subsidiary of Murata Manufacturing, started building a new facility in March 2024 to address the projected demand for ceramic multilayer capacitors. This growth is expected to positively impact on the overall automotive high-voltage electric capacitor market.
 

Investment in consumer electronics, the automotive industry, and manufacturing facilities is expected to drive strong growth for electronic components. There is also a notable shift in the industry towards the designing and building of devices with strong cost-effective performance, advanced miniaturization, and high efficiency, which is further increasing market demand.
 

The expansion of the ceramic electric capacitor market is associated with powerful advanced energy storage and new dielectric materials. Additionally, the need for more efficient power management and smart grids is expected to influence the high voltage application of the device, boosting overall market demand.
 

In April 2025, trade tariffs implemented by the U.S. administration will have a deep impact on the industry. Tariffs of 34% apply to imports from China, 46% apply to imports from Vietnam, and 26% apply to imports from India, all countries that supply ceramic capacitors and other parts in majority. This added import will subsequently increase production costs for U.S. electronics producers, likely raising consumer prices and causing supply chain disruptions. Various companies across the industry will look to alternative sourcing or domestic production in order to counter these issues.
 

Ceramic Electric Capacitor Market Trends

The growing need for higher capacitance in electronic devices fueled by the increasing complexity and advanced functionality of modern technologies with smartphones, electric vehicles, and smart home systems is driving the widespread adoption of ceramic electric capacitors. The rising emphasis on sustainability and energy efficiency is boosting their integration into electrical infrastructure.
 

The global demand for electricity is on the rise due to greater investments being made in the power grid infrastructure. Power capacitors assist in the reduction of system losses of the electrical power system, increase the efficiency of the grid and improve its function assisting in meeting the new requirements of power systems. The developing market is driven by cutting-edge technology and the demand for enhanced energy storage.
 

These capacitors support electric systems, they reduce power losses and help enhance energy efficiency, supporting sustainability goals all over the world. That strengthens the demand for ceramic electric capacitors from the green focus industries in the market. Additionally, the growing emphasis on new manufacturing approaches has positively affected the demand for low voltage ceramic capacitors, as new materials are anticipated to be available in the marketplace in recent years.
 

Reliability, capacitance, and new materials are the focuses currently spearheaded for development by the active manufacturers for various operating conditions. This trend underscores the industry's continuous efforts to adapt to the evolving demands of modern electronic applications.
 

Ceramic Electric Capacitor Market Analysis

• The global ceramic electric capacitor industry was valued at USD 8.9 billion, USD 9.2 billion, and USD 9.5 billion in 2022, 2023, and 2024, respectively. Based on the voltage the industry has been trifurcated into low, medium and high.
   
• The low voltage ceramic electric capacitors are expected to surpass USD 15 billion by 2034. The increasing focus on advanced materials and manufacturing techniques to enhance the performance of low-voltage ceramic capacitors is expected to drive significant growth in the coming years.
   
• Manufacturers are actively investing in research and development to innovate new materials, enhance capacitance values, and ensure reliability across various operating conditions. This trend underscores the industry's continuous efforts to adapt to the evolving demands of modern electronic applications.
   
• The ceramic medium voltage capacitors market is estimated to grow at a CAGR of 7% till 2034, driven mostly by the renewed interest from power distribution, automotive, industrial automation, and renewable energy sectors. The market for reliable, high-quality capacitors that sustain medium voltage levels is continually on the rise.
   
• Moreover, the adoption of smart grid technologies, the shift towards electrification of transport, and powered transportation are additional reasons for growth. With current investments in sustainable energy technologies, sustainable energy adoption, and these developments, it is expected that the market will expand further.
   
• The increase in power transmission networks and the adoption of electric vehicles, along with the automation of industries, is anticipated to drive high-voltage ceramic electric capacitors to unprecedented growth levels. Auxiliary devices in automobiles and electronics make these components highly critical due to exceptional reliability, strength of insulation, extreme conditions, and extremities.
   

• Based on end use, the T&D sections are expected to grow at a CAGR of over 8% through 2034. This growth is caused by an increase in the use of capacitors in power grids and substations at power stations to solve issues concerning power quality and distribution.
   
• The development of the digital infrastructure, paired with the increasing demand for efficient and secure data transfer, will catalyze growth within the communication and technology end-use market. In the future, this market will continue to increase.

• These capacitors hold the most value as they are critical components in the operation of telecommunication devices, data centers, consumer electronics, IoT, and other systems and devices used in emerging technologies.

• As traditional infrastructure gets renewed with the new technologies, these include the integration of renewable energy sources, there is a growing demand for capacitors that offer voltage control, energy loss mitigation, and system optimization.
   
• The automotive sector is characterized by a sharp increase in the installation and use of electronic assemblies and modules, including capacitors, which is associated with improvements in fuel economy, safety, driving convenience, and overall vehicle performance.
   
• The implementation of new propulsion technologies is increasing the demand for electronic components in vehicles. Multipurpose automotive-grade capacitors are ubiquitous throughout a vehicle's systems, including accessories, engine control units, safety systems, wiper controls, lighting, navigation systems, voice recognition modules, and body control modules.
   

• The U.S. ceramic electric capacitor market was assessed at USD 1.1 billion, USD 1.2 billion, & USD 1.3 billion in the year 2022, 2023, & 2024 respectively. This progression in growth is driven by the advances in technology and the growing electronics industry as well as increased consumption in automotive, telecommunication, consumer electronics, and other major sectors together with other factors.
   
• The Europe electric industry has been boosted due to policy initiatives with the deregulation of corporate taxes, which subsequently improved the telecommunications area, in turn, increasing the demand for capacitors. Capacitor demand will be driven significantly further due to the new technological advancements that are aimed towards improving customer solutions alongside other innovations made during the construction of the product.
   
• The Asia Pacific ceramic electric capacitor market will grow at GAGR of over 6% through 2034, owing to the region's increase in urbanization along with the rapid industrial energy requirements caused by the persistent development of electrical power system components. These capacitors are deployed more rapidly due to the adoption of smart grids which aim at enhancing energy efficiency and better harnessing renewable sources of energy.
   
• For example, in July 2024, KYOCERA AVX added 20 KAM Series Automotive MLCCs to their product listing. These automotive-grade KAM Series MLCCs are compact, lightweight, and surface mounted, allowing them to optimize board space and provide high capacitance, thereby reducing the need for crescent capacitors. This change assists automotive engineers with the growing problems associated with electric vehicles (EVs), advanced driver assistance systems (ADAS), and automated driving systems (ADS).
   
• The technological innovations across robotics, drone technology and their subsequent connection to the Internet of Things (IoT) are also increasing the market's prospects, along with the modernization and replacement of older infrastructure, which is currently driving market growth, expanding the market for aluminum, tantalum, and ceramic chip capacitors.
   
• The Middle East and Africa region is fueled to grow at a poised rate, driven by expanding infrastructure development, increased investments in the energy and power sectors, and the rapid adoption of consumer electronics and communication technologies. The region invests in modernizing their power grids, telecommunications infrastructure, and industrial automation systems, the demand for reliable and high-performance electronic components will drive the industry.
   

Ceramic Electric Capacitor Market Share

Top 5 companies including ABB, Murata, Schneider Electric, Siemens, and Panasonic Corporation holds over 35% of the market share in the overall market. These industry leaders pay great attention to the technological innovations, efficient delivery, and low cost of developing high-performance capacitors with maximum capacitance, because these factors are fundamental for competing in the advanced nuclear capacitor market.
 

The market for ceramic electric capacitors is very aggressive, as the competition is always trying to reinforce their market share through innovative design and specialized business strategies. This has resulted in significant investments by manufacturers in advanced material technologies and product development by adding reliable structural elements capable of functioning under extreme operating conditions, coupled with the new demands for efficiency and reliability.
 

Siemens applies its expertise in electrical engineering and advanced materials design to create multi-purpose, high-performance capacitors that span a variety of industries. The firm specializes in the design and manufacturing of reliable and durable ceramic capacitors that provide added power stability, energy efficiency, and reliable operations with high voltage, high frequency, and other demanding conditions. Siemens has an annual turnover of USD 18.05 Billion in 2024.
 

Murata Manufacturing Co., Ltd. is the world's leading company dealing with passive electronic elements and ceramic capacitors due to innovative techniques and advanced technology. The company focuses on multilayered ceramic capacitors (MLCCs) which are broadly applied in consumer electronics, automotive, telecommunications, industrial equipment, as well as in renewable energy sources.
 

Panasonic has also developed and offers a complete line of capacitors including conductive polymer aluminum electrolytic capacitors, conductive polymer tantalum solid capacitors, conductive polymer aluminum solid capacitors, and conductive polymer hybrid aluminum electrolytic capacitors. These capacitors are manufactured for multiple purposes and are compact for space on boards.
 

Ceramic Electric Capacitor Market Companies

Major industry players operating across ceramic electric capacitor industry include:

• 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 February 2025, KYOCERA AVX released an updated version of its SpiCAT online simulation software which now includes functionality for supercapacitors. KYOCERA AVX components, such as multilayer ceramic capacitors (MLCCs), polymer and tantalum and niobium capacitors, as well as multilayer varistors (MLVs) and negative-temperature-coefficient (NTC) thermistors, can be easily analyzed and compared with the advanced features provided by SpiCAT.
   
• In January 2025, TDK Corporation expanded its CGA series for automotive and C series for commercial multilayer ceramic capacitors (MLCCs) to 10 nF at 1,250V in a compact 3225 size with C0G characteristics. This marks the industry’s highest capacitance for a 1,250V-rated MLCC in this size and temperature characteristic which enables high-temperature and high-voltage operation and higher power efficiency in advanced electronic circuits.
   
• In September 2024, Murata Manufacturing Co., Ltd. announced an unmatched industry milestone with the introduction of the world’s first 006003-inch multilayer ceramic capacitor (MLCC). With Murata’s ultra-compact 006003-inch MLCC, the previous record-holder 008004-inch MLCC, can be minimized in volume by an astonishing approximately 75%. This remarkable achievement further augments the manufacturer’s leadership position in passive component technologies, as it enables cutting-edge advancement in the design miniaturization of next-generation electronic devices.
   
• In July 2024, Samsung Electro-Mechanics started the mass production of CL32B226KLV6PN, their latest compact high-capacitance multilayer ceramic capacitor (MLCC). Targeting the 12V battery systems of EVs and DC-DC converters, the new MLCC employs ultra-precision stacking of fine-particle ceramics and electrodes to miniaturize MLCCs for space-constrained applications.
   

This ceramic electric capacitor market research report includes in-depth coverage of the industry with estimates & forecast in terms of ‘000 Units & “USD Million” from 2021 to 2034 for the following segments:

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Market, By Voltage

• Low
• Medium
• High

Market, By End Use

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

The above information has been provided for the following region & countries:

• 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