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Market Overview:
The Electroceramics size is estimated to reach $18 billion by 2030, growing at a CAGR of 5.2% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Electroceramics – By Product (Dielectric Ceramics, Ceramic insulators, Piezoelectric Ceramics, Ferroelectric Ceramics), By Application (Capacitors, Data Storage Devices, Optoelectronic Devices, Actuators and Sensors, Power Distribution Devices, and Others), By End User (Automotive, Electronics, Energy & Power, Others), By Geography – Global Opportunity Analysis & Industry Forecast, 2024-2030”.
Asia-Pacific Dominated the Market in 2023:
Asia – Pacific held the largest share of about 36% in the Electroceramics Market in 2023. Rapid industrialization and urbanization in countries such as China, Japan, South Korea, and India have led to increased demand for advanced electronic components, of which electroceramics are a key part. The increasing consumer electronics industry, with rising adoption of smartphones, wearable devices, and other smart gadgets, has spurred the need for components like capacitors, sensors, and actuators, all reliant on electroceramics. Additionally, the region's strong automotive manufacturing base, especially with the growing shift towards electric vehicles (EVs), has increased the use of electroceramics in sensors, energy storage systems, and communication devices driving the growth of the Electroceramics industry in the Asia-Pacific region.
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Scope of the Report:
Recent Developments:
- The electroceramics market is experiencing a surge in demand due to the rising adoption of renewable energy technologies. Electroceramic materials are increasingly utilized in energy storage systems, such as solid oxide fuel cells and ceramic capacitors, enhancing the efficiency and reliability of renewable energy solutions.
- The rapid advancement of consumer electronics, including smartphones, wearables, and smart home devices, has driven demand for high-performance electroceramics. Manufacturers are focusing on producing miniaturized and efficient electroceramic components to meet the growing requirements of these devices.
- The electroceramics industry is increasingly prioritizing sustainability, with manufacturers investing in eco-friendly production processes and materials. Research into lead-free and non-toxic ceramic compositions aims to reduce the environmental impact of electroceramic products.
- In October 2023, Electro Ceramic Industries is expanding its product offering to provide customers with a wider range of electronic packaging solutions. They have announced the recent acquisition of United Glass to Metal Sealing, Inc.
Electroceramics: Competitive Landscape
Key companies profiled in the Electroceramics are
1. TDK Corporation
2. CoorsTek Inc.
3. Murata Manufacturing Co. Ltd.
4. Kyocera Corporation
5. Taiyo Yuden
6. National Magnetics Group, Inc.
7. Electro Ceramics Co. Ltd.
8. NTK Ceratec Co. Ltd.
9. Morgan Advanced Materials
10. PI Ceramic GmbH among others.
About IndustryARC™:
IndustryARC primarily focuses on Market Research and Consulting Services specific to Cutting Edge Technologies and Newer Application segments of the market. The company’s Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets.
IndustryARC’s goal is to provide the right information required by the stakeholder at the right point in time, in a format that assists an intelligent and informed decision-making process.
Contact Us:
Mr. Venkat Reddy
IndustryARC
Email: [email protected]
USA: (+1) 518-282-4727