February 11, 2021
According to the research report titled ‘Global Trimmer Capacitors Market Size, by Type (SMD Ceramic Trimmer Capacitor, DIP Ceramic Trimmer Capacitor) by Application (Communication Devices, Consumer Electronics, Others) and Regional Forecasts 2020-2027’, available with Market Study Report LLC, global trimmer capacitors market was valued at USD 710 million in 2019 and is expected to record 3.5% CAGR during 2020-2027.
Growing usage in various electronic products for managing varied voltage and current consumption, along with increasing miniaturization of electronic components and devices are the key factors stimulating global trimmer capacitors market growth.
For those unversed, trimmer capacitors are variable condensers which help in initial equipment calibration during fabrication and servicing. Notably, the component can solve issues related with difference in voltage and current consumption of electronic products.
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Speaking about efforts taken by major players, Suntan Technology Company Ltd. has been focusing on research & development initiatives to improve its position in marketplace worldwide, with an investment of around 10-15% of its turnover each year. Similarly, Compex Corporation was reportedly acquired in April 2019 by Knowles Precision Devices, following which the business plans to increase its capacitor portfolio.
The efficiency of the trimmer capacitors is influenced by atmospheric conditions as well as different design issues. Factors such as barometric pressure, temperature, and humidity directly influence the dielectric material of the trimmer capacitor, which can affect the device output, hence negatively impacting worldwide trimmer capacitors industry remuneration.
With respect to type, global trimmer capacitors market is split into DIP ceramic trimmer capacitor, and SMD ceramic trimmer capacitor. Based on application scope, the industry is segmented into consumer electronics, communication devices, and others.
Citing the regional landscape, North America trimmer capacitors industry observed a tremendous growth in the recent past, owing to constant advancements in mobile communication technologies for commercial applications, mainly in the US.
Meanwhile, Asia Pacific is emerging as lucrative growth avenues for worldwide trimmer capacitors industry, on account of escalating capacitor manufacturers in the region, low costs of raw materials, and scaled up production of these capacitors.
Established firms in global trimmer capacitors market sphere are Shanghai Fu Shan Precision Manufacturing Co. Ltd., Johanson Technology Inc., Tusonix Inc., Vishay Intertechnology Inc., Voltronics Corporation, Sprague-Goodman Electronics Inc., and Murata Manufacturing Co. Ltd.