Market Trends of consumer electronics mlcc Industry
The increasing disposable incomes of individuals are expected to encourage the uptake of the market
- MLCCs are suited for use in air conditioner applications because of their high capacitance values and high operating temperature capabilities. They can also lead to improving the AC system's efficiency and dependability. The AC industry is expected to grow significantly in the coming years due to the increasing global temperature and humidity levels and the growing acceptance of AC as a utility rather than a luxury product. Technologically advanced air conditioners such as AC with inverters and AC purification technologies are also expected to impact the air conditioner market positively.
- The air conditioner (AC) shipments increased by 3.46% from 101.20 million units in 2021 to 104.70 million units in 2022. The increasing demand for air conditioners in the residential and commercial sectors can be attributed to the impact of climate change and rising global temperatures. Improved living standards and higher disposable incomes have made air conditioners more affordable for individuals and families.
- Urbanization and population growth in various regions have also fueled the demand for air conditioners, driven by the need for improved comfort and indoor air quality. Technological advancements have resulted in the availability of energy-efficient and eco-friendly air conditioning options, catering to the preferences of environmentally conscious consumers. Urbanization has led to the construction of more high-rise buildings. As these buildings require air conditioning to provide acceptable living and working environments, this has increased demand for air conditioners. Additionally, government initiatives to encourage the usage of energy-efficient AC systems are contributing to the market's growth.
Understand The Key Trends Shaping This Market
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- The increasing demand for laptops is stagnating PC sales
- The increasing penetration of electric gadgets is driving the demand for HDDs and SSDs sales
- The transition to digital workflows and virtual collaboration tools is expected to stagnate the growth
- Technological advancements and the availability of 5G technology are influencing the demand
- Increase in digitization to enhance business processes is expected to provide lucrative growth
- Integration of newer technologies like 3D and AR/VR gaming is expected to drive market growth
- The rise in adoption of laptops in educational institutions is propelling the market
- The rise in population and urbanization has resulted in an upsurge in sales
- Increasing health awareness among consumers is surging the demand
- The digital transformation, along with rising internet penetration, is expected to fuel the market
