Capacitance Meter Market

Capacitance Meter Market Overview

The global capacitance meter market is estimated at USD 10.88 Bn in 2021 and will likely secure a value of USD 11.61 Bn in 2022. The industry is anticipated to procure a market value of USD 45.2 Bn in 2032 while recording a CAGR of 6.7% during the forecast period. Growth of the market can be attributed to the expansion of the electronic industry during the forecast period.

Increasing demand for the miniaturization of electronic devices such as LCDs, laptops, and others is anticipated to play a salient role in driving the market for capacitance market during the forecast period. Besides, government across the globe has imposed stringent regulations for testing equipment, which is another vital factor adding to the market expansion.

Governments of countries such as Mexico and Brazil have announced to increase their funding for various electrification projects. Such projects include distribution and transmission, railway electrification, and urbanization, among others. Germany has emerged as an outstanding electronics manufacturer. The electronics industry in Germany is also Europe’s dominating production and sales market. Besides, China has been identified as one of the most remunerative markets. The country is a renowned global hub of electronics and electrical manufacturing. The market in China is projected to record significant growth during the forecast period.

How does the Rapid Growth of the Electronics Industry Boost the Market?

The rapid innovations in electronics technology are spiking the demand for more efficient electronic devices and applications. Such demand is likely to augment the capacitance market in the forecast period. Besides, ongoing developments in 4G and 5G, increasing demand for wireless audio devices and smart TVs, and surging adoption of IoT are other crucial factors bolstering the industry in the forecast period.

 In addition, the growing product launches by the players are projected to widen the growth scope of the market. For instance, Techon, a prominent name in precision fluid dispensing technologies, announced that it would launch the TS9800 Series Jet Valve Dispensing System. It is the fastest dispensing system available. Such initiatives are projected to boost the demand for capacitance meters and boost the industry in the assessment period.

How do High Installations Expenses Hinder the Market?

The costs associated with installing testing and measuring equipment are projected to hamper the market.  Different types of equipment demand different types of tests and measurement tasks.

High installation costs act as a significant barrier for SMEs to enter the market. Moreover, it also demands expertise to operate testing and measurement equipment to perform tests in accordance with regulations and directives. Therefore, players with a small budget are filtered, thereby, limiting the market size.

How is the Semiconductor Industry Fuelling the Market?

As per the analysis, the market in APEJ is anticipated to secure significant market value during the forecast period. Expansion of the market can be attributed to China. The robust expansion of the semiconductor industry in the region is projected to play a key role in driving the market.

Increasing demand for high-end technology-based equipment along with affordable prices is boosting the semiconductor industry, consequently increasing demand for capacitance meters. Besides, the US-China trade tensions have resulted in notable development of chip production in China. In 2020, the Chinese semiconductor sector recorded unprecedented annual growth of 30.6% to reach USD 39.8 Bn. The robust growth is projected to have brought a positive impact on the capacitance market.

Nearly 15,000 Chinese semiconductor firms registered in 2020. Most of the firms specialized in EDA, FPGA, AI, GPU, and other higher-end chip design. The aforementioned factors are predicted to develop the semiconductor sector of China, as a result, pumping the Capacitance mater market.

Nikhil Kaitwade

Principal Consultant

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What are the Market Growth Prospects in North America?

As per the analysis, the market in North America is projected to secure the largest market share during the forecast period. The industry is projected to record a CAGR of 4%. The growth of the regional market is attributed to the considerable development of the electronics sector in the region.

The growing demand for electronics such as; speakers, monitors, and wearables are anticipated to bolster the market for capacitance market in the region. The U.S is projected to make the most significant contribution in boosting the market. As per the Consumer Technology Association, the population in the U.S is anticipated to spend about USD 528 on average on technology-based products. Owing to the aforementioned factors, the capacitance market is anticipated to augment significantly in the coming time.

Market Competition

Key players of the global capacitance meter market include ABB, Fluke Corporation, Keysight Technologies, B&K Precision Corporation, PROMAX ELECTRONICA S.L, HIOKI E.E. CORPORATION, SHANGHAI YIHUA V&A INSTRUMENT CO., LTD., Tecpel Co., Ltd., TES Electrical Electronic Corp., Wireless Telecom Group, Inc., and FLIR Systems.

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Scope of Report 

Key Segments Profiled in the Global Capacitance Meter Market

By Method of Measurement:

• Non-Bridge Capacitance Meters
• Bridge Capacitance Meters

By Product Type:

• Stationary
• Portable

By Frequency:

• Below 500 Hz
• Between 500 to 1 kHz
• Between 1-100 Khz
• Above 100 Khz

By Application:

• Capacitive Component Troubleshooting
• Electronic Assembly
• Component Sorting
• Quality Control

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• Japan
• Middle East and Africa