Industrial MLCC Market Trends

Statistics for the 2023 & 2024 Industrial MLCC market trends, created by Mordor Intelligence™ Industry Reports. Industrial MLCC trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

INSTANT ACCESS

Market Trends of industrial mlcc Industry

Continuous advancements to meet the evolving requirements of automation applications are increasing the demand for control PLC sales

  • MLCCs are essential components in PLCs, alongside the processor, power supply, and input/output (I/O) section. An important role of MLCCs in PLCs is to ensure a stable power supply and filter out noise for sensitive components like microprocessors and integrated circuits.
  • By providing reliable decoupling or bypassing capabilities, MLCCs enhance the performance of PLCs, reducing the potential for malfunctions and data corruption, thus ensuring seamless operation in industrial environments. As a result, the demand for MLCCs in the PLC market continues to grow, driven by the need for robust and reliable power management solutions in industrial automation.
  • The demand for industrial programmable logic controllers (PLCs) is fueled by their continuous advancements to meet the evolving requirements of automation applications. PLCs now offer enhanced programming capabilities, enabling greater flexibility, scalability, and ease of use. They are equipped with larger memory capacities and compact sizes, allowing for the integration of high-speed (gigabit) Ethernet connectivity and built-in wireless features. This feature facilitates efficient monitoring and control of distributed server/multi-user applications. The availability of compact MLCCs with high capacitance values enables PLC manufacturers to design smaller yet highly functional systems, meeting the demand for space-efficient and high-performance PLC solutions.
Global Industrial MLCC Market

The emergence of smart factories is propelling the demand for MLCCs

  • The industrial robots' production volume increased from 0.41 million units in 2021 to 0.43 million units in 2022. Industrial robots play a crucial role in manufacturing industrial automation, with many core operations in industries being managed by robots. In industrial robots, MLCCs are primarily used for filtering and decoupling purposes. They help stabilize and regulate the power supply, ensuring smooth and reliable operation of the robot's electronic components. MLCC requirements in industrial robots can vary depending on factors such as the size and complexity of the robot, the power requirements, and the level of precision and reliability needed.
  • The industrial robotics market is segmented into articulated robots, linear robots, cylindrical robots, parallel robots, and SCARA robots, which can be used in various end-user industries such as automotive, chemical and manufacturing, construction, electrical and electronics, food and beverage, machinery and metal, and pharmaceutical. The overall automotive industry witnessed growth in terms of production volume, from 133.20 million units in 2021 to 139.87 million units in 2022. The rising demand for automobiles necessitates increased production, resulting in the increased use of industrial robots in the automotive manufacturing process and the involvement of AI and digitalization.
  • During the COVID-19 pandemic, there was an increase in demand for robots since they could be used to curb the spread of infectious diseases. With the introduction of robots, healthcare professionals were able to perform surgery with maximum precision.
Global Industrial MLCC Market

OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

  • Technological advancements are helping propel service robots
  • The growing demand for solar power is expected to stimulate growth
  • Increasing advancements in automation are expected to surge the demand

Industrial MLCC Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029