Technavio, a tech-focused market research firm, has published a new report on the global low-voltage ceramic capacitor market, which is expected to grow at a CAGR of close to 5% during the forecast period 2017-2021.
Based on geographical segmentation, Technavio market researchers categorize the global low-voltage ceramic capacitor market into the following key regions: the Americas, APAC, and EMEA.
Source: Technavio
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Top three contributors for the global low-voltage ceramic capacitor market are elaborated below
Low-voltage ceramic capacitor market in APAC: The market for low-voltage ceramic capacitors in APAC is flourishing owing to the rapid economic development in countries such as India and China. The major vendors in the region are Murata Manufacturing, SEMCO, and TDK EPCOS. The growth of the automotive sector and the consumer electronics industry in APAC is expected to reflect positively on the demand for low-voltage ceramic capacitors in the region during the forecast period.
According to Anju Ajaykumar, a lead analyst at Technavio, specializing in research on tools and components, “With the rise in manufacturing costs, existing players are shifting their operations to countries where they can get labor, raw materials, and other facilities at a lower cost. In addition, in 2014, several automotive companies in Western Europe outsourced their manufacturing operations to China.”
Low-voltage ceramic capacitor market in EMEA: The growth of the market in EMEA is dependent primarily on the demand for consumer electronics such as television sets, PCs, and smartphones. Countries such as Germany, France, and Italy are the leading revenue contributors to the market in this region. The market is projected to experience substantial growth during the forecast period owing to the revival of the automotive industry in EMEA.
Low-voltage ceramic capacitor market in the Americas: The US, Mexico, and Canada are the major revenue contributors to the market in the Americas. The growth of the automotive and consumer electronics market in the US and Brazil is spurring the demand for low-voltage ceramic capacitors, leading to the growth of the market.
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The top vendors operating in the global low-voltage ceramic capacitor market are:
- Kyocera
- Murata Manufacturing
- Samsung Electro-Mechanics
- TAIYO YUDEN
- TDK EPCOS
Other prominent vendors in the market include ABB, KEMET, Knowles, NIPPON CHEMI-CON, Vishay, and Yageo.
A more detailed analysis is available in the Technavio report titled, ‘Global Low-voltage Ceramic Capacitor Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Low-voltage Capacitor Market 2016-2020
- Global Multi-layer Ceramic Capacitor Market 2016-2020
- Global Discrete Capacitors Market 2016-2020
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