Year-over-year revenue growth in the global capacitor industry averaged 43.85% for the quarter ending March 2010, compared to the same quarter in March 2009. Leading the pack in year-over-year revenue growth were vendors who specialize in ceramic capacitors with emphasis upon high capacitance MLCC from 1.0 to 100 Microfarad. Lead by growth in Taiyo Yuden’s capacitor division; which reported 115.5% year-over -year growth in sales; the high capacitance MLCC portion of the global capacitor industry saw tremendous year-on-year growth. Other vendors producing high capacitance MLCC that realized excellent year-on-year revenue gains were Murata Capacitors Group, TDK Electronic Materials Group, Samsung EMCO LCR Group, Yageo Corporation and Walsin PSA Group; each of which realized year-over-year revenue growth of between 50% and 72% year-over-year. Two other companies that showed excellent growth rates were Nippon Chemi-Con, the world’s largest manufacturer of aluminum electrolytic capacitors and Kemet Electronics, a diversified vendor; but who is tied for the number one market share in tantalum capacitors with AVX. Other companies that performed well were Vishay and EPCOS.
Companies who grew slower than others did so in our opinion because they were more focused on value-added and application specific capacitors and because of a larger regional revenue base from cash credit tight-Europe.
Additional Resources: (1) Passive Electronic Components: World Market Outlook: 2010-2015 ISBN # 1-893211-99-1 (2010).