LONDON--(BUSINESS WIRE)--According to the latest market study released by Technavio, the global vacuum capacitors market is expected to reach USD 80.1 million by 2020, growing at a CAGR of more than 12%.
This research report titled ‘Global Vacuum Capacitors Market 2016-2020’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. To calculate the market size, the report considers the revenue generated from unit shipments of vacuum capacitors. This report also features vendor landscape, with a corresponding analysis of the top vendors in the market.
Vacuum capacitors are largely used as components in the impedance matching networks for flat panel display manufacturing. Flat panel displays such as HD televisions incorporate RF generators for plasma generation and vacuum capacitors for impedance matching. Consecutively, with the rising demand for HD televisions worldwide, the demand for vacuum capacitors in flat panel display manufacturing is also increasing, thereby contributing to the growth of the global vacuum capacitor market.
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Technavio’s hardware and semiconductor analysts categorize the global vacuum capacitors market into five major segments by current range. They are:
- 0 to 150 Arms
- 151 to 300 Arms
- 301 to 450 Arms
- 451 to 600 Arms
- Greater than 600 Arms
The top three current range segments in the global vacuum capacitors market are:
Vacuum capacitors in current range 0 to 150 Arms
The global 0 to 150 Arms current range vacuum capacitor market was valued at USD 35.68 million in 2015 and is likely to reach USD 64 million by 2020, growing at a CAGR of 12.4% during the forecast period.
Vacuum capacitors in the current range 0 to 150 Arms find applications across a wide variety of sectors such as the semiconductor manufacturing equipment, industrial, broadcasting equipment, and flat panel display manufacturing. These capacitors are generally used in the impedance matching networks for flat panel display manufacturing.
According to Navin Rajendra, an industry expert, specializing in semiconductor equipment from Technavio, “With the rise in demand for large screen displays such as LCD and LED televisions, the demand for vacuum capacitors within the current range 0-150 Arms is also increasing. Moreover, the semiconductor manufacturing industry is also witnessing significant growth.”
Vacuum capacitors in current range 151-300 Arms
The global 151 to 300 Arms current range vacuum capacitor market was valued at USD 6.87 million in 2015 and is likely to reach USD 12.29 million by 2020, growing at a CAGR of 12.33% during the forecast period.
Vacuum capacitors in the current range 151-300 Arms find applications across industries such as the semiconductor manufacturing equipment, industrial, broadcasting equipment, and flat panel display manufacturing. However, these capacitors are most widely used in broadcasting equipment, flat panel display manufacturing, and industrial applications. Due to the higher current range, vacuum capacitors in the current range 151-300 Arms are largely used in broadcasting equipment such as antenna tuners.
“Large area flat panel displays are subject to higher current loads as compared to the smaller ones, and hence these capacitors suit the needs of manufacturers. The higher current range also makes these capacitors suitable for use in industrial applications,” says Navin.
Vacuum capacitors in current range 301-450 Arms
The global 301 to 450 Arms current range vacuum capacitor market was valued at USD 0.89 million in 2015 and is likely to reach USD 1.67 million by 2020, growing at a CAGR of 13.45% during the forecast period.
Vacuum capacitors in the current range 301-450 Arms find applications across a limited set of sectors. These capacitors are used in the impedance matching networks for semiconductor manufacturing equipment and flat panel display manufacturing where a higher operating current range is required. Vacuum capacitors in the current range 301-450 Arms are also used in broadcasting equipment because of the higher current range. As these capacitors are only used for a limited set of applications, their contribution to the revenue of the global vacuum capacitor market is comparatively lower than that of lower current range vacuum capacitors such as 0 to 150 Arms.
However, despite the lower revenue share in the market, these capacitors are likely to grow at faster pace than both 0 to 150 Arms and 151 to 300 Arms vacuum capacitors, mainly due to the rise in demand for broadcasting equipment such as medium wave transmissions worldwide. Communication systems serve as a key to improving productivity for organizations and industries. As a result of this, communication and broadcasting equipment are experiencing high penetration worldwide, which will, in turn, drive the growth of the global 301 to 450 Arms current range vacuum capacitor market during the forecast period.
The top vendors highlighted by Technavio’s research analysts in this report are:
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