- Vacuum Capacitor Market to Witness Swift Demand in High Voltage & Current Applications in Automotive Industry; growing demand for variable vacuum capacitors in diverse applications to propel revenue generation
- Advancements in vacuum capacitors designs to meet requirements of electrical systems used in broadcasting communication equipment, RF power supply, and manufacture of semiconductors
ALBANY, N.Y., Nov. 16, 2021 /PRNewswire/ -- Transparency Market Research
Vacuum Capacitor Market: Broad Contours
Vacuum capacitors have been extensively used as part of electrical subsystem in diverse range of automation, industrial, and commercial applications. The manufacture and sales of vacuum capacitors have thrived from the growing demand for reliable capacitors in wide range of high-current and voltage applications.
The massive demand for chips in consumer electronics and telecommunication industries has spurred the application of vacuum capacitors in the manufacture of semiconductor, where they are prominently used as RF matching networks. Other industrial applications that drive the evolution of the vacuum capacitor market include its use as an embedded product for RF power supply in the manufacture of flat panel displays and solar panels.
Manufacturers in the vacuum capacitor market are leaning toward adopting modular designs, better materials, and semiconductor chemistries to cater to the demands in consumer electronics, telecommunication, healthcare, and automotive. In particular, suppliers are keen on adhering to stringent packaging and shipping requirements to maintain the integrity and the intended performance of these, especially in medical, automotive, and scientific RF applications. The global valuation of the vacuum capacitor market is projected to reach US$ 819 Mn by 2031.
Chip Fabrication Presents Vast Lucrative Avenue: Vacuum capacitors are a crucial part of impedance matching networks used in manufacturing equipment for the semiconductor industry. The chip fabrication application is currently a remarkably lucrative segment. The widespread demand for next-gen semiconductor manufacturing is anticipated to offer massive revenue gains throughout the forecast period of 2021 – 2031, finds the TMR study on the vacuum capacitor market. Emerging challenging requirements of chips in the semiconductor manufacturing industry is likely to catalyze the pace of product innovations in the near future.
Use in Diverse Applications Underpins Commercialization Scope: The superior temperature stability of vacuum capacitors in general and adjustable capacitance of variable vacuum capacitors in particular have led to their growing use in several diverse applications. Over the years, production of vacuum capacitors has grown steadily, especially to cater to the requirements of high-powered broadcast transmitters, amateur radio RF (radio frequency) amplifiers, and accelerators in research facilities. Additionally, they are used in analytical equipment for X-ray inspection. Manufacturers have gained revenues from the growing commercialization of variable vacuum capacitors in these applications and more. Of note, next-gen consumer electronics need electrical subsystems that offer high precision capacitance control.
Demand for Variable Vacuum Capacitors in Automotive Electronics to Rise: The automotive industry has witnessed rising demand for high nanometer chips, especially in the recent months. The manufacturing of these chips utilizes vacuum capacitors extensively. New application with potential opportunities has stemmed from the growing use of automotive electronics for electric vehicles wherein variable vacuum capacitors are notably used in wireless charging. The need for advanced power semiconductors in the automotive industry will also propel the growth of the vacuum capacitor market.
An ever-growing demand for chips for power-intensive electrical applications has spurred advancements in the capacitance component for efficiently transferring of electric power in these electrical systems. Of note, advancements in vacuum sealing methods are expanding the avenue for producers in the vacuum capacitor market, thereby spurring their demand in challenging requirements of cutting-edge RF applications.
Rapid pace of digitalization has spurred the demand for data-intensive connected smart devices in various commercial applications, such as in telecommunication. Growing R&D of novel semiconductor chemistries for use in power electronics in the semiconductor manufacturing thus has underpinned the evolution of the vacuum capacitor market.
North America has been a lucrative region in the vacuum capacitor market. The opportunities have been fueled by the continuous technological advancements in the design and materials of capacitors to meet various end-use applications.
Asia Pacific is anticipated to be a market with abundant opportunities. The prospect is likely to be propelled by rising application of products in consumer electronics, automotive, and solar cells manufacturing industries.
Some of the key players in the vacuum capacitor market are High Hope International Inc., Cixi AnXon Electronic Co., ABB Ltd., Meidensha Corporation, Kunshan GuoLi Electronic Technology Co., Ltd., Richardson Electronics, Ltd., and Comet Holding AG.
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