Product ID: UCMIG45N2075
Report ID:
UCMIG45N2075 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The market size of the Low Voltage Electric Capacitor was valued at USD 8.5 billion in 2022 and is projected to experience a growth rate exceeding 7.6% from 2023 to 2032. The increasing intricacy, functionality, and integration of devices featuring advanced microprocessors necessitate higher capacitance, leading to a rising demand for these products, especially in emerging economies. Positive prospects for the electronic components industry are evident in investments made in consumer electronics, automotive manufacturing, and related sectors. The surge in electronic control units (ECUs) in vehicles, fueled by the trend towards automobile electrification, has been noteworthy in recent years. Capacitors are in high demand for these applications, given their requirement to be lightweight, compact, capable of withstanding vibration, temperature fluctuations, high currents, and high voltage, all while maintaining low resistance to optimize temperature management.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Semiconductor Equipment by segment aggregation, the contribution of the Semiconductor Equipment in Semiconductors & Semiconductor Equipment and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Product ID: UCMIG45N2075