Power and Utilities MLCC Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029

The Power and Utilities MLCC Market is segmented by Case Size (1210, 1812, 2 220, 3 640, 4 540, Others), by Voltage (600V to 1100V, Less than 600V, More than 1100V), by Capacitance (10 μF to 100 μF, Less than 10 μF, More than 100 μF), by Dielectric Type (Class 1, Class 2) and by Region (Asia-Pacific, Europe, North America). Market Value in USD and Market Volume in million units is presented. Key Data Points observed include raw material price trends, automotive sales, consumer electronics sales, and EV Sales etc.

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Power and Utilities MLCC Market Size

Power and Utilities MLCC Market Summary
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https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2017 - 2029
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2024) USD 0.68 Billion
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2029) USD 1.84 Billion
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by Case Size 1210
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2029) 21.87 %
https://s3.mordorintelligence.com/globe/1629285706162_test~globe_globe.svg Largest Share by Region Asia-Pacific

Major Players

Power and Utilities MLCC Market Major Players

*Disclaimer: Major Players sorted in no particular order

Key Players

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Power and Utilities MLCC Market Analysis

The Power and Utilities MLCC Market size is estimated at 0.68 billion USD in 2024, and is expected to reach 1.84 billion USD by 2029, growing at a CAGR of 21.87% during the forecast period (2024-2029).

0.68 Billion

Market Size in 2024 (USD)

1.84 Billion

Market Size in 2029 (USD)

16.10 %

CAGR (2017-2023)

21.87 %

CAGR (2024-2029)

Fastest Segment by Case Size

19.97 %

Projected CAGR, 1812, 2024-2029

Icon image

The 1812 case MLCCs are growing due to an increased demand for power electronic devices like solar inverters, charge controllers, and monitoring equipment.

Largest Segment by Voltage

43.58 %

value share, More than 1100V, 2023

Icon image

The government initiatives toward reducing carbon footprints and rising investments in renewable energy infrastructure are increasing the demand for solar photovoltaic panels that use these MLCCs.

Fastest Segment by Capacitance

21.94 %

Projected CAGR, More than 100 μF, 2024-2029

Icon image

To combat the negative impacts of pollution on the environment, countries worldwide are enacting emission control rules, thus driving the demand for more than 100µF MLCCs used in smart meters.

Fastest Segment by Dielectric Type

25.70 %

Projected CAGR, Class 2, 2024-2029

Icon image

Class 2 dielectrics like X7R, Y5V, and X5R are increasing in demand due to their ability to withstand high temperatures and perform reliably in demanding applications.

Largest Segment by Region

46.47 %

value share, Asia-Pacific, 2023

Icon image

The development of industrialized and urbanized nations has led to an increase in the installation of renewable power plants in Asia Pacific due to the implementation of guidelines to reduce carbon emissions by countries, including India, Japan

Transformative trends in the power and utilities MLCC market with different case size dynamics are reshaping the energy landscape

  • The power and utilities MLCC market, segmented by case size, offers a comprehensive view of how these critical electronic components contribute to the evolving energy landscape. As of 2023, the market witnessed substantial growth, paralleling the increasing reliance on electronic systems in power generation, distribution, and utility management.
  • The adoption of specific case sizes reflects the strategic importance of MLCCs in addressing the unique challenges and opportunities in this sector. The market demonstrated remarkable resilience in the 1210 case size segment, achieving significant revenue of USD 132.06 million in 2022. Projections indicate robust growth potential, with an estimated revenue of USD 402.25 million by 2028, driven by a substantial CAGR of 20.65% from 2023 to 2028.
  • Meanwhile, the 1812 case size segment stands at the forefront of the power and utilities MLCC Market, reflecting the growing demand for clean energy solutions in Asia and Oceania. The segment is poised to experience a surge in demand as this region pursues ambitious renewable energy goals. In Europe, the 2 220 case size segment plays a pivotal role in supporting the continent's transition toward cleaner and more sustainable electricity generation. With clean power sources contributing to approximately 55% of Europe's electricity production, the region is actively reducing its reliance on coal.
  • Lastly, the 3640 and 4540 case size segments are witnessing notable shifts in North America and Asia, respectively, as these regions grapple with their energy landscapes. In North America, the adoption of 3 640 MLCCs reflects the changing dynamics of power generation, with a significant decline in coal-based electricity and an expansion in wind and solar sources.
Global Power and Utilities MLCC Market

The shifting landscape of the power and utilities MLCC market across regions

  • The power and utilities MLCC market, segmented by region, exhibits distinct trends and opportunities in Asia-Pacific, Europe, North America, and the Rest of the World. Asia-Pacific, home to thriving economies like China and India, is witnessing robust growth in power consumption and utility demand.
  • The Indian government's ambitious goal of installing 250 million smart meters by 2026 is driving significant demand for MLCCs, particularly in smart meter production. With its proactive efforts in modernizing its energy infrastructure, India presents a substantial growth opportunity for MLCC manufacturers.
  • The United States has made significant progress in the installation of smart electric meters, with over 100 million units already in use. MLCCs are integral in ensuring efficient energy management and are poised for further growth in this market. Canada's transition to energy-efficient street lighting systems also boosts MLCC demand, supporting energy conservation efforts.
  • Saudi Arabia's groundbreaking commitment to renewable energy, aiming to generate 50% of its electricity from renewables by 2030, presents a substantial opportunity for the Industrial MLCC Market. This move aligns with their target to reduce carbon emissions by 15% or 44 million tonnes by 2035. MLCCs, particularly high-capacity ones, are expected to play a pivotal role in supporting renewable energy projects and automation systems, further reinforcing the region's significance in the MLCC market.

Global Power and Utilities MLCC Market Trends

Stringent emission standards are expected to increase demand

  • Inverter shipments increased from 62296.3 million units in 2021 to 93412.9 million units in 2022. MLCCs use a temperature-compensating ceramic with minimal capacitance variation, making them ideal for use as components in snubber circuits used in inverters that handle large voltages during switching and where compactness and heat tolerance are required.
  • With growing stringent emission standards globally, automakers are gradually shifting their production from conventional engine vehicles to hybrid and electric vehicles. Inverters of various varieties, including traction inverters and soft-switching inverters, are used in electric vehicles for a variety of applications. Governments in various countries are spending heavily on electric mobility projects and encouraging customers to adopt electric vehicles, which will provide an opportunity for electric vehicle power inverter manufacturers. The rise in the demand for electric vehicles is also expected to increase the sales of the components used in electric vehicles, such as power inverters. Power generation from solar PV increased by a record 179 TWh in 2021, marking 22% growth in 2020. Solar PV accounted for 3.6% of global electricity generation, and it remains the third largest renewable electricity technology behind hydropower and wind. With the rising concerns over pollution worldwide due to industrialization, governments are introducing policies to drive solar PV deployment. For instance, in August 2022, the federal government of the United States introduced the Inflation Reduction Act, a law significantly expanding support for renewable energy in the next 10 years through tax credits and other measures.
Global Power and Utilities MLCC Market

Increasing utilization of smart lighting in various applications

  • LED shipments increased from 1.3 million units in 2021 to 2.65 million units in 2022. MLCCs are used in LEDs to suppress electromagnetic interference (EMI) and provide DC supply smoothing and acoustic noise reduction. MLCCs used in LEDs typically need to meet specific electrical and environmental requirements, such as high capacitance values, low equivalent series resistance (ESR), high voltage ratings, and appropriate temperature stability.
  • LED lighting can be used in various applications, including commercial and residential, automotive, decorative, and outdoor lighting. The rising population leading to rising residential and commercial construction is one of the major factors that has increased the demand for various basic amenities, especially power. The COVID-19 pandemic harmed the global economy. The demand for LED lighting was lowered due to construction site suspensions and lockdowns. However, the second half of 2021 witnessed a surge in construction due to the launch of new and upgraded projects, contributing to the industry's steady recovery for LED lighting.
  • In 2021, electricity consumption by lighting in the residential and services sectors grew by around 5%, which drove the increase in emissions. Although several countries began to phase out incandescent bulbs more than 10 years ago, many are now beginning to phase out fluorescent lighting to make LEDs the leading lighting technology while saving significant CO2 emissions.
Global Power and Utilities MLCC Market

OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

  • Supportive government investments are expected to boost the adoption
  • The growing demand for solar power is expected to stimulate market growth 

Power and Utilities MLCC Industry Overview

The Power and Utilities MLCC Market is moderately consolidated, with the top five companies occupying 59.90%. The major players in this market are Kyocera AVX Components Corporation (Kyocera Corporation), Murata Manufacturing Co., Ltd, Samsung Electro-Mechanics, Taiyo Yuden Co., Ltd and Yageo Corporation (sorted alphabetically).

Power and Utilities MLCC Market Leaders

  1. Kyocera AVX Components Corporation (Kyocera Corporation)

  2. Murata Manufacturing Co., Ltd

  3. Samsung Electro-Mechanics

  4. Taiyo Yuden Co., Ltd

  5. Yageo Corporation

Power and Utilities MLCC Market Concentration

Other important companies include Maruwa Co ltd, Nippon Chemi-Con Corporation, Samwha Capacitor Group, TDK Corporation, Vishay Intertechnology Inc., Walsin Technology Corporation, Würth Elektronik GmbH & Co. KG.

*Disclaimer: Major Players sorted in alphabetical order.

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Power and Utilities MLCC Market News

  • June 2023: The growing demand for industrial equipments has driven the company to introduce NTS/NTF NTS/NTF Series of SMD type MLCC. These capacitors are rated with 25 to 500 Vdc with a capacitance ranging from 0.010 to 47µF. These MLCCs are used in on-board power supplies,voltage regulators for computers,smoothing circuit of DC-DC converters,etc.
  • July 2022: In 2022, Walsin Technology developed and released several new MLCC products are completed gradually, included high capacitance MLCCs with various temperature coefficients (X5R & X7R), high temperature MLCC, Feedthrough MLCC, miniaturized and low profile MLCCs, etc. (01005)
  • June 2022: The passive components supplier YAGEO Group offers its CL series MLCC for applications requiring low ESL. The parasitic ESL will reduce the noise and voltage fluctuations brought on by the MLCC's discharged high-frequency current. More regular MLCCs must be configured, or the preferable option is to use a low ESL MLCC to stabilize the power line operation.

Free with this Report

We provide a complimentary and exhaustive set of data points on the country and regional level metrics that present the fundamental structure of the industry. Presented in the form of 40+ free charts, the sections cover difficult to find data on various indicators including but not limited to smartphones sales, raw materials pricing trends, and EV sales etc

Global Power and Utilities MLCC Market
Global Power and Utilities MLCC Market
Global Power and Utilities MLCC Market
Global Power and Utilities MLCC Market

Power and Utilities MLCC Market Report - Table of Contents

1. EXECUTIVE SUMMARY & KEY FINDINGS

2. REPORT OFFERS

3. INTRODUCTION

  • 3.1 Study Assumptions & Market Definition
  • 3.2 Scope of the Study​
  • 3.3 Research Methodology

4. KEY INDUSTRY TRENDS

  • 4.1 Power And Utilities Equipment Sales
    • 4.1.1 Global Inverters Sales
    • 4.1.2 Global LEDs Sales
    • 4.1.3 Global Smart Meters Sales
    • 4.1.4 Global Solar PV Inverters and Optimizers Sales
  • 4.2 Regulatory Framework
  • 4.3 Value Chain & Distribution Channel Analysis

5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)

  • 5.1 Case Size
    • 5.1.1 1210
    • 5.1.2 1812
    • 5.1.3 2 220
    • 5.1.4 3 640
    • 5.1.5 4 540
    • 5.1.6 Others
  • 5.2 Voltage
    • 5.2.1 600V to 1100V
    • 5.2.2 Less than 600V
    • 5.2.3 More than 1100V
  • 5.3 Capacitance
    • 5.3.1 10 μF to 100 μF
    • 5.3.2 Less than 10 μF
    • 5.3.3 More than 100 μF
  • 5.4 Dielectric Type
    • 5.4.1 Class 1
    • 5.4.2 Class 2
  • 5.5 Region
    • 5.5.1 Asia-Pacific
    • 5.5.2 Europe
    • 5.5.3 North America
    • 5.5.4 Rest of the World

6. COMPETITIVE LANDSCAPE

  • 6.1 Key Strategic Moves
  • 6.2 Market Share Analysis
  • 6.3 Company Landscape
  • 6.4 Company Profiles
    • 6.4.1 Kyocera AVX Components Corporation (Kyocera Corporation)
    • 6.4.2 Maruwa Co ltd
    • 6.4.3 Murata Manufacturing Co., Ltd
    • 6.4.4 Nippon Chemi-Con Corporation
    • 6.4.5 Samsung Electro-Mechanics
    • 6.4.6 Samwha Capacitor Group
    • 6.4.7 Taiyo Yuden Co., Ltd
    • 6.4.8 TDK Corporation
    • 6.4.9 Vishay Intertechnology Inc.
    • 6.4.10 Walsin Technology Corporation
    • 6.4.11 Würth Elektronik GmbH & Co. KG
    • 6.4.12 Yageo Corporation
  • *List Not Exhaustive

7. KEY STRATEGIC QUESTIONS FOR MLCC CEOS

8. APPENDIX

  • 8.1 Global Overview
    • 8.1.1 Overview
    • 8.1.2 Porter’s Five Forces Framework
    • 8.1.3 Global Value Chain Analysis
    • 8.1.4 Market Dynamics (DROs)
  • 8.2 Sources & References
  • 8.3 List of Tables & Figures
  • 8.4 Primary Insights
  • 8.5 Data Pack
  • 8.6 Glossary of Terms
** Subject To Availablity

List of Tables & Figures

  1. Figure 1:  
  2. SALES OF GLOBAL INVERTERS , MILLION, GLOBAL, 2017 - 2029
  1. Figure 2:  
  2. SALES OF GLOBAL LEDS , MILLION, GLOBAL, 2017 - 2029
  1. Figure 3:  
  2. SALES OF GLOBAL SMART METERS , MILLION, GLOBAL, 2017 - 2029
  1. Figure 4:  
  2. SALES OF GLOBAL SOLAR PV INVERTERS AND OPTIMIZERS , MILLION, GLOBAL, 2017 - 2029
  1. Figure 5:  
  2. VOLUME OF GLOBAL POWER AND UTILITIES MLCC MARKET, USD, GLOBAL, 2017 - 2029
  1. Figure 6:  
  2. VALUE OF GLOBAL POWER AND UTILITIES MLCC MARKET, USD, GLOBAL, 2017 - 2029
  1. Figure 7:  
  2. VOLUME OF GLOBAL POWER AND UTILITIES MLCC MARKET BY CASE SIZE, , GLOBAL, 2017 - 2029
  1. Figure 8:  
  2. VALUE OF GLOBAL POWER AND UTILITIES MLCC MARKET BY CASE SIZE, USD, GLOBAL, 2017 - 2029
  1. Figure 9:  
  2. VALUE SHARE OF GLOBAL POWER AND UTILITIES MLCC MARKET BY CASE SIZE, %, GLOBAL, 2017 - 2029
  1. Figure 10:  
  2. VOLUME SHARE OF GLOBAL POWER AND UTILITIES MLCC MARKET BY CASE SIZE, %, GLOBAL, 2017 - 2029
  1. Figure 11:  
  2. VOLUME OF 1210 POWER AND UTILITIES MLCC MARKET, NUMBER, , GLOBAL, 2017 - 2029
  1. Figure 12:  
  2. VALUE OF 1210 POWER AND UTILITIES MLCC MARKET, USD, GLOBAL, 2017 - 2029
  1. Figure 13:  
  2. VOLUME OF 1812 POWER AND UTILITIES MLCC MARKET, NUMBER, , GLOBAL, 2017 - 2029
  1. Figure 14:  
  2. VALUE OF 1812 POWER AND UTILITIES MLCC MARKET, USD, GLOBAL, 2017 - 2029
  1. Figure 15:  
  2. VOLUME OF 2 220 POWER AND UTILITIES MLCC MARKET, NUMBER, , GLOBAL, 2017 - 2029
  1. Figure 16:  
  2. VALUE OF 2 220 POWER AND UTILITIES MLCC MARKET, USD, GLOBAL, 2017 - 2029
  1. Figure 17:  
  2. VOLUME OF 3 640 POWER AND UTILITIES MLCC MARKET, NUMBER, , GLOBAL, 2017 - 2029
  1. Figure 18:  
  2. VALUE OF 3 640 POWER AND UTILITIES MLCC MARKET, USD, GLOBAL, 2017 - 2029
  1. Figure 19:  
  2. VOLUME OF 4 540 POWER AND UTILITIES MLCC MARKET, NUMBER, , GLOBAL, 2017 - 2029
  1. Figure 20:  
  2. VALUE OF 4 540 POWER AND UTILITIES MLCC MARKET, USD, GLOBAL, 2017 - 2029
  1. Figure 21:  
  2. VOLUME OF OTHERS POWER AND UTILITIES MLCC MARKET, NUMBER, , GLOBAL, 2017 - 2029
  1. Figure 22:  
  2. VALUE OF OTHERS POWER AND UTILITIES MLCC MARKET, USD, GLOBAL, 2017 - 2029
  1. Figure 23:  
  2. VOLUME OF GLOBAL POWER AND UTILITIES MLCC MARKET BY VOLTAGE, , GLOBAL, 2017 - 2029
  1. Figure 24:  
  2. VALUE OF GLOBAL POWER AND UTILITIES MLCC MARKET BY VOLTAGE, USD, GLOBAL, 2017 - 2029
  1. Figure 25:  
  2. VALUE SHARE OF GLOBAL POWER AND UTILITIES MLCC MARKET BY VOLTAGE, %, GLOBAL, 2017 - 2029
  1. Figure 26:  
  2. VOLUME SHARE OF GLOBAL POWER AND UTILITIES MLCC MARKET BY VOLTAGE, %, GLOBAL, 2017 - 2029
  1. Figure 27:  
  2. VOLUME OF 600V TO 1100V POWER AND UTILITIES MLCC MARKET, NUMBER, , GLOBAL, 2017 - 2029
  1. Figure 28:  
  2. VALUE OF 600V TO 1100V POWER AND UTILITIES MLCC MARKET, USD, GLOBAL, 2017 - 2029
  1. Figure 29:  
  2. VOLUME OF LESS THAN 600V POWER AND UTILITIES MLCC MARKET, NUMBER, , GLOBAL, 2017 - 2029
  1. Figure 30:  
  2. VALUE OF LESS THAN 600V POWER AND UTILITIES MLCC MARKET, USD, GLOBAL, 2017 - 2029
  1. Figure 31:  
  2. VOLUME OF MORE THAN 1100V POWER AND UTILITIES MLCC MARKET, NUMBER, , GLOBAL, 2017 - 2029
  1. Figure 32:  
  2. VALUE OF MORE THAN 1100V POWER AND UTILITIES MLCC MARKET, USD, GLOBAL, 2017 - 2029
  1. Figure 33:  
  2. VOLUME OF GLOBAL POWER AND UTILITIES MLCC MARKET BY CAPACITANCE, , GLOBAL, 2017 - 2029
  1. Figure 34:  
  2. VALUE OF GLOBAL POWER AND UTILITIES MLCC MARKET BY CAPACITANCE, USD, GLOBAL, 2017 - 2029
  1. Figure 35:  
  2. VALUE SHARE OF GLOBAL POWER AND UTILITIES MLCC MARKET BY CAPACITANCE, %, GLOBAL, 2017 - 2029
  1. Figure 36:  
  2. VOLUME SHARE OF GLOBAL POWER AND UTILITIES MLCC MARKET BY CAPACITANCE, %, GLOBAL, 2017 - 2029
  1. Figure 37:  
  2. VOLUME OF 10 ΜF TO 100 ΜF POWER AND UTILITIES MLCC MARKET, NUMBER, , GLOBAL, 2017 - 2029
  1. Figure 38:  
  2. VALUE OF 10 ΜF TO 100 ΜF POWER AND UTILITIES MLCC MARKET, USD, GLOBAL, 2017 - 2029
  1. Figure 39:  
  2. VOLUME OF LESS THAN 10 ΜF POWER AND UTILITIES MLCC MARKET, NUMBER, , GLOBAL, 2017 - 2029
  1. Figure 40:  
  2. VALUE OF LESS THAN 10 ΜF POWER AND UTILITIES MLCC MARKET, USD, GLOBAL, 2017 - 2029
  1. Figure 41:  
  2. VOLUME OF MORE THAN 100 ΜF POWER AND UTILITIES MLCC MARKET, NUMBER, , GLOBAL, 2017 - 2029
  1. Figure 42:  
  2. VALUE OF MORE THAN 100 ΜF POWER AND UTILITIES MLCC MARKET, USD, GLOBAL, 2017 - 2029
  1. Figure 43:  
  2. VOLUME OF GLOBAL POWER AND UTILITIES MLCC MARKET BY DIELECTRIC TYPE, , GLOBAL, 2017 - 2029
  1. Figure 44:  
  2. VALUE OF GLOBAL POWER AND UTILITIES MLCC MARKET BY DIELECTRIC TYPE, USD, GLOBAL, 2017 - 2029
  1. Figure 45:  
  2. VALUE SHARE OF GLOBAL POWER AND UTILITIES MLCC MARKET BY DIELECTRIC TYPE, %, GLOBAL, 2017 - 2029
  1. Figure 46:  
  2. VOLUME SHARE OF GLOBAL POWER AND UTILITIES MLCC MARKET BY DIELECTRIC TYPE, %, GLOBAL, 2017 - 2029
  1. Figure 47:  
  2. VOLUME OF CLASS 1 POWER AND UTILITIES MLCC MARKET, NUMBER, , GLOBAL, 2017 - 2029
  1. Figure 48:  
  2. VALUE OF CLASS 1 POWER AND UTILITIES MLCC MARKET, USD, GLOBAL, 2017 - 2029
  1. Figure 49:  
  2. VOLUME OF CLASS 2 POWER AND UTILITIES MLCC MARKET, NUMBER, , GLOBAL, 2017 - 2029
  1. Figure 50:  
  2. VALUE OF CLASS 2 POWER AND UTILITIES MLCC MARKET, USD, GLOBAL, 2017 - 2029
  1. Figure 51:  
  2. VOLUME OF POWER AND UTILITIES MLCC MARKET, BY REGION, NUMBER, , 2017 - 2029
  1. Figure 52:  
  2. VALUE OF POWER AND UTILITIES MLCC MARKET, BY REGION, USD, 2017 - 2029
  1. Figure 53:  
  2. CAGR OF POWER AND UTILITIES MLCC MARKET, BY REGION, %, 2017 - 2029
  1. Figure 54:  
  2. CAGR OF POWER AND UTILITIES MLCC MARKET, BY REGION, %, 2017 - 2029
  1. Figure 55:  
  2. VOLUME OF GLOBAL POWER AND UTILITIES MLCC MARKET,NUMBER, IN ASIA-PACIFIC, 2017 - 2029
  1. Figure 56:  
  2. VALUE OF GLOBAL POWER AND UTILITIES MLCC MARKET, IN ASIA-PACIFIC, 2017 - 2029
  1. Figure 57:  
  2. VOLUME OF GLOBAL POWER AND UTILITIES MLCC MARKET,NUMBER, IN EUROPE, 2017 - 2029
  1. Figure 58:  
  2. VALUE OF GLOBAL POWER AND UTILITIES MLCC MARKET, IN EUROPE, 2017 - 2029
  1. Figure 59:  
  2. VOLUME OF GLOBAL POWER AND UTILITIES MLCC MARKET,NUMBER, IN NORTH AMERICA, 2017 - 2029
  1. Figure 60:  
  2. VALUE OF GLOBAL POWER AND UTILITIES MLCC MARKET, IN NORTH AMERICA, 2017 - 2029
  1. Figure 61:  
  2. VOLUME OF GLOBAL POWER AND UTILITIES MLCC MARKET,NUMBER, IN REST OF THE WORLD, 2017 - 2029
  1. Figure 62:  
  2. VALUE OF GLOBAL POWER AND UTILITIES MLCC MARKET, IN REST OF THE WORLD, 2017 - 2029
  1. Figure 63:  
  2. MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, GLOBAL, 2017 - 2029
  1. Figure 64:  
  2. MOST ADOPTED STRATEGIES, COUNT, GLOBAL, 2017 - 2029
  1. Figure 65:  
  2. VALUE SHARE OF MAJOR PLAYERS, %, GLOBAL, 2017 - 2029

Power and Utilities MLCC Industry Segmentation

1210, 1812, 2 220, 3 640, 4 540, Others are covered as segments by Case Size. 600V to 1100V, Less than 600V, More than 1100V are covered as segments by Voltage. 10 μF to 100 μF, Less than 10 μF, More than 100 μF are covered as segments by Capacitance. Class 1, Class 2 are covered as segments by Dielectric Type. Asia-Pacific, Europe, North America are covered as segments by Region.

  • The power and utilities MLCC market, segmented by case size, offers a comprehensive view of how these critical electronic components contribute to the evolving energy landscape. As of 2023, the market witnessed substantial growth, paralleling the increasing reliance on electronic systems in power generation, distribution, and utility management.
  • The adoption of specific case sizes reflects the strategic importance of MLCCs in addressing the unique challenges and opportunities in this sector. The market demonstrated remarkable resilience in the 1210 case size segment, achieving significant revenue of USD 132.06 million in 2022. Projections indicate robust growth potential, with an estimated revenue of USD 402.25 million by 2028, driven by a substantial CAGR of 20.65% from 2023 to 2028.
  • Meanwhile, the 1812 case size segment stands at the forefront of the power and utilities MLCC Market, reflecting the growing demand for clean energy solutions in Asia and Oceania. The segment is poised to experience a surge in demand as this region pursues ambitious renewable energy goals. In Europe, the 2 220 case size segment plays a pivotal role in supporting the continent's transition toward cleaner and more sustainable electricity generation. With clean power sources contributing to approximately 55% of Europe's electricity production, the region is actively reducing its reliance on coal.
  • Lastly, the 3640 and 4540 case size segments are witnessing notable shifts in North America and Asia, respectively, as these regions grapple with their energy landscapes. In North America, the adoption of 3 640 MLCCs reflects the changing dynamics of power generation, with a significant decline in coal-based electricity and an expansion in wind and solar sources.
Case Size 1210
1812
2 220
3 640
4 540
Others
Voltage 600V to 1100V
Less than 600V
More than 1100V
Capacitance 10 μF to 100 μF
Less than 10 μF
More than 100 μF
Dielectric Type Class 1
Class 2
Region Asia-Pacific
Europe
North America
Rest of the World
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Market Definition

  • MLCC (Multilayer Ceramic Capacitor) - A type of capacitor that consists of multiple layers of ceramic material, alternating with conductive layers, used for energy storage and filtering in electronic circuits.
  • Voltage - The maximum voltage that a capacitor can safely withstand without experiencing breakdown or failure. It is typically expressed in volts (V)
  • Capacitance - The measure of a capacitor's ability to store electrical charge, expressed in farads (F). It determines the amount of energy that can be stored in the capacitor
  • Case Size - The physical dimensions of an MLCC, typically expressed in codes or millimeters, indicating its length, width, and height
Keyword Definition
MLCC (Multilayer Ceramic Capacitor) A type of capacitor that consists of multiple layers of ceramic material, alternating with conductive layers, used for energy storage and filtering in electronic circuits.
Capacitance The measure of a capacitor's ability to store electrical charge, expressed in farads (F). It determines the amount of energy that can be stored in the capacitor
Voltage Rating The maximum voltage that a capacitor can safely withstand without experiencing breakdown or failure. It is typically expressed in volts (V)
ESR (Equivalent Series Resistance) The total resistance of a capacitor, including its internal resistance and parasitic resistances. It affects the capacitor's ability to filter high-frequency noise and maintain stability in a circuit.
Dielectric Material The insulating material used between the conductive layers of a capacitor. In MLCCs, commonly used dielectric materials include ceramic materials like barium titanate and ferroelectric materials
SMT (Surface Mount Technology) A method of electronic component assembly that involves mounting components directly onto the surface of a printed circuit board (PCB) instead of through-hole mounting.
Solderability The ability of a component, such as an MLCC, to form a reliable and durable solder joint when subjected to soldering processes. Good solderability is crucial for proper assembly and functionality of MLCCs on PCBs.
RoHS (Restriction of Hazardous Substances) A directive that restricts the use of certain hazardous materials, such as lead, mercury, and cadmium, in electrical and electronic equipment. Compliance with RoHS is essential for automotive MLCCs due to environmental regulations
Case Size The physical dimensions of an MLCC, typically expressed in codes or millimeters, indicating its length, width, and height
Flex Cracking A phenomenon where MLCCs can develop cracks or fractures due to mechanical stress caused by bending or flexing of the PCB. Flex cracking can lead to electrical failures and should be avoided during PCB assembly and handling.
Aging MLCCs can experience changes in their electrical properties over time due to factors like temperature, humidity, and applied voltage. Aging refers to the gradual alteration of MLCC characteristics, which can impact the performance of electronic circuits.
ASPs (Average Selling Prices) The average price at which MLCCs are sold in the market, expressed in USD million. It reflects the average price per unit
Voltage The electrical potential difference across an MLCC, often categorized into low-range voltage, mid-range voltage, and high-range voltage, indicating different voltage levels
MLCC RoHS Compliance Compliance with the Restriction of Hazardous Substances (RoHS) directive, which restricts the use of certain hazardous substances, such as lead, mercury, cadmium, and others, in the manufacturing of MLCCs, promoting environmental protection and safety
Mounting Type The method used to attach MLCCs to a circuit board, such as surface mount, metal cap, and radial lead, which indicates the different mounting configurations
Dielectric Type The type of dielectric material used in MLCCs, often categorized into Class 1 and Class 2, representing different dielectric characteristics and performance
Low-Range Voltage MLCCs designed for applications that require lower voltage levels, typically in the low voltage range
Mid-Range Voltage MLCCs designed for applications that require moderate voltage levels, typically in the middle range of voltage requirements
High-Range Voltage MLCCs designed for applications that require higher voltage levels, typically in the high voltage range
Low-Range Capacitance MLCCs with lower capacitance values, suitable for applications that require smaller energy storage
Mid-Range Capacitance MLCCs with moderate capacitance values, suitable for applications that require intermediate energy storage
High-Range Capacitance MLCCs with higher capacitance values, suitable for applications that require larger energy storage
Surface Mount MLCCs designed for direct surface mounting onto a printed circuit board (PCB), allowing for efficient space utilization and automated assembly
Class 1 Dielectric MLCCs with Class 1 dielectric material, characterized by a high level of stability, low dissipation factor, and low capacitance change over temperature. They are suitable for applications requiring precise capacitance values and stability
Class 2 Dielectric MLCCs with Class 2 dielectric material, characterized by a high capacitance value, high volumetric efficiency, and moderate stability. They are suitable for applications that require higher capacitance values and are less sensitive to capacitance changes over temperature
RF (Radio Frequency) It refers to the range of electromagnetic frequencies used in wireless communication and other applications, typically from 3 kHz to 300 GHz, enabling the transmission and reception of radio signals for various wireless devices and systems.
Metal Cap A protective metal cover used in certain MLCCs (Multilayer Ceramic Capacitors) to enhance durability and shield against external factors like moisture and mechanical stress
Radial Lead A terminal configuration in specific MLCCs where electrical leads extend radially from the ceramic body, facilitating easy insertion and soldering in through-hole mounting applications.
Temperature Stability The ability of MLCCs to maintain their capacitance values and performance characteristics across a range of temperatures, ensuring reliable operation in varying environmental conditions.
Low ESR (Equivalent Series Resistance) MLCCs with low ESR values have minimal resistance to the flow of AC signals, allowing for efficient energy transfer and reduced power losses in high-frequency applications.
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Research Methodology

Mordor Intelligence has followed the following methodology in all our MLCC reports.

  • Step 1: Identify Data Points: In this step, we identified key data points crucial for comprehending the MLCC market. This included historical and current production figures, as well as critical device metrics such as attachment rate, sales, production volume, and average selling price. Additionally, we estimated future production volumes and attachment rates for MLCCs in each device category. Lead times were also determined, aiding in forecasting market dynamics by understanding the time required for production and delivery, thereby enhancing the accuracy of our projections.
  • Step 2: Identify Key Variables: In this step, we focused on identifying crucial variables essential for constructing a robust forecasting model for the MLCC market. These variables include lead times, trends in raw material prices used in MLCC manufacturing, automotive sales data, consumer electronics sales figures, and electric vehicle (EV) sales statistics. Through an iterative process, we determined the necessary variables for accurate market forecasting and proceeded to develop the forecasting model based on these identified variables.
  • Step 3: Build a Market Model: In this step, we utilized production data and key industry trend variables, such as average pricing, attachment rate, and forecasted production data, to construct a comprehensive market estimation model. By integrating these critical variables, we developed a robust framework for accurately forecasting market trends and dynamics, thereby facilitating informed decision-making within the MLCC market landscape.
  • Step 4: Validate and Finalize: In this crucial step, all market numbers and variables derived through an internal mathematical model were validated through an extensive network of primary research experts from all the markets studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
  • Step 5: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases, and Subscription Platform
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Power and Utilities MLCC Market Research FAQs

The Global Power and Utilities MLCC Market size is expected to reach USD 683.35 million in 2024 and grow at a CAGR of 21.87% to reach USD 1.84 billion by 2029.

In 2024, the Global Power and Utilities MLCC Market size is expected to reach USD 683.35 million.

Kyocera AVX Components Corporation (Kyocera Corporation), Murata Manufacturing Co., Ltd, Samsung Electro-Mechanics, Taiyo Yuden Co., Ltd and Yageo Corporation are the major companies operating in the Global Power and Utilities MLCC Market.

In the Global Power and Utilities MLCC Market, the 1210 segment accounts for the largest share by case size.

In 2024, Asia-Pacific accounts for the largest share by region in the Global Power and Utilities MLCC Market.

In 2023, the Global Power and Utilities MLCC Market size was estimated at 683.35 million. The report covers the Global Power and Utilities MLCC Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Power and Utilities MLCC Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Power and Utilities MLCC Industry Report

Statistics for the 2023 Power and Utilities MLCC market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Power and Utilities MLCC analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Power and Utilities MLCC Market Report Snapshots

Power and Utilities MLCC Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029

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