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Fixed Capacitor Market Overview
The Fixed Capacitor Market size is estimated to reach US$13.8 billion by 2027, growing at a CAGR of 7.5% from 2022
to 2027. This growth is attributed to the rapid digitalization, technological advancements,
growing need for electric circuitry across multiple industry verticals, growing
market demand for consumer electronics and the growth of the automotive
industry. In power supply systems, these fixed capacitors help in the power
generation, transmission and distribution of electric charges. As a result
of this flow of electric charges, these power supply systems are being used in
every type of electrical system such as computers, telecommunication devices,
process control systems, electric vehicles and many others. These factors would trigger the adoption of fixed capacitors, boosting the overall
market growth. Polarized capacitor such as aluminum electrolytic capacitor is
used in lowering fluctuations in various filtering devices, coupling signals
between amplifier stages and in noise filtering or decoupling in power supply
systems. Whereas Non-polarized capacitor such as Multilayer Ceramic Capacitor is
being used in small-value capacitances such as consumer electronics, communication,
automobile and so on. These factors, in turn, would positively change the Fixed
Capacitor Industry Outlook over the forecast period.
Report Coverage
The report: “Fixed Capacitor Industry Outlook –
Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the
following segments in the Fixed Capacitor industry.
Key Takeaways
- In the Fixed Capacitor market report, the multilayer ceramic capacitor segment is analyzed to grow at a significant CAGR of 8.2% during the forecast period 2022-2027. This growth is due to its operational capabilities in high temperature, high stability and capacitance.
- By end-use industry in the Fixed Capacitor Market report, the automotive industry is expected to grow at the highest CAGR of 7.9% during the forecast period due to factors such as the increasing adoption of EVs, advanced driver-assistance systems and usage of advanced electronic devices.
- The APAC region had the largest share of 39% in the global Fixed Capacitor Market size, owing to factors such as rising consumer demand for electronic devices, government initiatives encouraging the usage of EVs and the presence of major manufacturers.
Global Fixed Capacitor Market Value Share, by Region, 2021 (%)
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Fixed
Capacitor Market Segment Analysis - by Product Type
Based on product type, the multilayer ceramic capacitor
(MLCC) segment in the Fixed Capacitor Market report is analyzed to grow with the
highest CAGR of 8.2% during the forecast period 2022-2027. This growth
of the segment is mainly driven by the high-temperature operational capabilities,
high stability and high capacitance. As a result of these factors, multilayer
ceramic capacitors are being widely used in electric vehicles, smartphones,
laptops and other electronic circuits. Additionally, noise reduction and
compact size of these non-polarized capacitors facilitate their easy and higher
installation in electronic devices, demanding compact chipset designs. According
to a SAMSUNG report published in 2021, approximately 10,000 multi-layer ceramic
capacitors were used in the development of an automobile and up to 30,000 in a
luxury car. TESLA's Model 3 has over 9,000 MLCCs, while its
Model S and X each have over 10,000 MLCCs. As a result, the MLCC segment within
the Fixed Capacitor is growing, boosting the overall Fixed Capacitor Market
size.
Fixed
Capacitor Market Segment Analysis - by End-user Industry
Based on the end-use industry, the automotive segment in the Fixed Capacitor Market report is analyzed to grow at the highest CAGR of 7.9% during the forecast period 2022-2027. This growth is owing to factors such as the increasing adoption of electric vehicles and autonomous vehicle technologies, government mandates for vehicles with advanced driver-assistance systems and increased use of advanced electronic devices in the automobile industry to ensure vehicle safety. In February 2022, Murata launched the NFM15HC435D0E3, an automotive-grade three-terminal fixed capacitor that assists in the separation of electricity and the removal of noise in automobiles equipped with advanced driver assistance systems and autonomous driving functions. These developments would boost the adoption of Fixed Capacitors in the automotive sector. This would positively influence the Fixed Capacitor Industry Outlook.
Fixed Capacitor Market Segment Analysis - by Geography
APAC dominated the global Fixed Capacitor Market with a market share of 39% in 2021. The region is also analyzed to have a significant growth over the forecasting period, owing to factors such as rising consumer demand for electronic devices, government initiatives encouraging the use of electric vehicles and advanced driver-assistance systems and more. Due to their high capacitance levels and miniaturized size, fixed capacitors are increasingly being used in a variety of end-use industries. Additionally, the continued R&D investments by major manufacturers are boosting the Fixed Capacitor Industry in the APAC region. In 2021, China’s total Electric Vehicles sales were 2.92 million units which were more than half of the global sales. This triggers the adoption of fixed capacitors which, in turn, influences the Fixed Capacitor Industry in the region.
Fixed Capacitor Market Drivers
Growing application of fixed capacitors in high-powered electronic circuits and consumer devices:
The growing
use of fixed capacitors in high-power electronic circuits and consumer
electronics is driving up demand for Fixed Capacitors. Capacitors
determine the system's stability and reliability, making them one of the most
important components in any electronic design. Because of their high dielectric
constant, steady flow of electric charge and thin dielectric layers, they
are widely used to meet the increasing demand for high charge density materials.
In February 2022, Sabae Murata Manufacturing Co., Ltd. invested US$ 55.24
million in a new R&D project which would be used to make electronic
components even smaller by using these fixed capacitors. This continuous growth
would boost the Fixed Capacitor Market size.
Increasing Electric Vehicles Penetration in Automotive Sector:
The rising popularity of electric vehicles along with government initiatives such as tax
cuts and subsidies for electric vehicle adoption would boost the adoption of Fixed
Capacitors in electric vehicles. This would eventually boost the Fixed
Capacitors Industry over the forecast period. Due to the steady flow of
electric charge and usage of aluminum electrolytic capacitors in DC/DC
converters and motor generators, the adoption of fixed capacitors would increase
over the forecast period. In January 2021, Kemet launched A780, PHA225 and
PHH225 hybrid aluminum electrolytic capacitors which can be used in automotive
applications as well as industrial applications. These factors would positively
influence the Fixed Capacitors industry outlook.
Fixed
Capacitor Market Challenges
High manufacturing costs and lack of awareness regarding the benefits of capacitors:
High manufacturing costs, combined with a lack of awareness about capacitor benefits, are significant impediments to the growth of the Fixed Capacitor industry. Fixed capacitors are expensive due to the high cost of their base material. According to e-commerce websites, one MLCC costs around US$ 300 to US$ 500. Due to such high cost of the components, the end product is also priced highly. As a result, these factors are hampering the Fixed Capacitors Market growth.
Fixed Capacitor Industry Outlook
Product launches, collaborations and R&D activities are key strategies adopted by players in the Fixed Capacitor Market. The top 10 companies in the Fixed Capacitor market are:
- Hitachi Energy
- Samsung Electro-Mechanics
- KEMET Corporation
- Kyocera Corporation
- Murata Manufacturing Co. Ltd.
- Taiyo Yuden Co. Ltd.
- TDK Corporation
- Nippon Chemi-Con
- Vishay Intertechnology
- Taiyo Yuden Co. Ltd.
Recent Developments
- In March 2022, KYOCERA Corporation acquired ROHM Semiconductor’s tantalum and polymer capacitor businesses to expand the existing portfolio of electrolytic capacitor solutions for medical, military and aerospace applications. This acquisition would boost the Fixed Capacitor Market size.
- In October 2021, Nippon Chemi-Con created supercapacitor DLCAP modules. These are ideal for backup power supplies in situations such as power outages. The products are designed using Fixed Capacitors for Industrial Machinery.
- In December 2021, Murata Manufacturing Co. Ltd. launched GCM31CC71C226ME36, an MLCC for automotive safety applications. The small size of these fixed capacitors increases the capacitance and thereby improves automobile safety. This is poised to increase the market share of the company.
Relevant Report Titles:
Report
Code: ESR 0397
Report
Code: ESR 0310
Report Code: CMR 0104
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