Aluminum Electrolytic Capacitors

germain

Aluminum Electrolytic Capacitors:World Markets, Technologies & Opportunities:2010-2015

Table of Contents:
ALUMINUM ELECTROLYTIC CAPACITORS: ..................................................................................... 1
WORLD MARKETS, TECHNOLOGIES & 􀀲􀀳􀀳􀀲􀀵􀀷􀀸􀀱􀀬􀀷􀀬􀀨􀀶:.......................................................... 1
2010-2015........................................................................................................................................................... 1
1.0 ALUMINUM ELECTROLYTIC CAPACITORS: TECHNOLOGY GUIDE: ............................. 15
1.1 AN EXPLANATION OF ALUMINUM ELECTROLYTIC CAPACITORS INCLUDED IN THIS REPORT: .......... 15
1.2 Aluminum Capacitor Types:............................................................................................................. 15
1.3 Aluminum Capacitor Configurations: ............................................................................................. 15
1.3.1 Vertical Chip Capacitors (V-Chip) ............................................................................................................ 17
1.3.2 Horizontal Chip Capacitors (H-Chip)........................................................................................................ 18
1.3.3 Radial Leaded Aluminum Capacitors........................................................................................................ 18
1.3.4 Axial Leaded Aluminum Capacitors ......................................................................................................... 19
1.3.5 Flash Aluminum Capacitors...................................................................................................................... 19
1.3.6 Snap-In/Snap-Mount Aluminum Capacitors............................................................................................. 20
1.3.7 Computer Grade/Screw Terminal {Large Can} ....................................................................................... 21
1.3.8 Motor Start (Large Can) ............................................................................................................................. 21
1.4 ALUMINUM ELECTROLYTIC CAPACITORS: END-USE MARKET SEGMENTS & PRODUCT MARKETS: . 22
1.4.1 Consumer Audio and Video Imaging Equipment: ................................................................................... 22
1.4.2 Power Supplies (See Special Notes).......................................................................................................... 22
1.4.3 Computers & Peripherals: .......................................................................................................................... 22
1.4.4 Telecommunications Equipment: .............................................................................................................. 23
1.4.5 Home Appliances:...................................................................................................................................... 23
1.4.6 Line Voltage Equipment and Lighting Ballasts:....................................................................................... 23
1.4.7 Automotive Electronic Subassemblies: ..................................................................................................... 23
1.4.8 Medical Electronics: .................................................................................................................................. 24
1.4.9 Industrial Automation Equipment: ............................................................................................................ 24
1.4.10 Defense Electronics: ................................................................................................................................ 24
1.4.11 Oil & Gas Exploration:............................................................................................................................ 24
1.4.12 Rail Road and Locomotive Electronics:.................................................................................................. 24
1.4.13: Renewable Energy Systems:................................................................................................................... 25
1.5 ALUMINUM ELECTROLYTIC CAPACITORS: APPLICATIONS IN CIRCUITS:: ........................................... 25
1.5.1 Noise Filtering: .......................................................................................................................................... 25
1.5.2 Coupling: .................................................................................................................................................... 25
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1.5.3 Voltage Hold-Up:....................................................................................................................................... 25
1.5.4 Transient Reduction................................................................................................................................... 25
1.5.5 Timing Circuits .......................................................................................................................................... 26
1.5.6 Pulse Discharge/Flash................................................................................................................................ 26
1.6 ALUMINUM ELECTROLYTIC CAPACITOR PRODUCT VARIATIONS BASED UPON OPERATING
TEMPERATURE ............................................................................................................................................. 26
1.6.1 +85°C Aluminum Electrolytic Capacitors: ............................................................................................... 26
1.6.2 +105°C Aluminum Electrolytic Capacitors: ............................................................................................. 26
1.6.3 +125°C Aluminum Electrolytic Capacitors: ............................................................................................. 27
1.6.4 Recent Development Work on High Temperature Aluminum Electrolytic Capacitors: 2010: ............. 27
1.7 ALUMINUM CAPACITOR PRODUCT VARIATIONS BASED UPON PERFORMANCE CHARACTERISTIC:... 27
1.7.1 Low ESR/Low Impedance (Including Conductive Polymer Electrolyte):.............................................. 27
1.7.2 Low Leakage Aluminum Electrolytic Capacitors: ................................................................................... 27
1.7.3 Bi-Polar Aluminum Electrolytic Capacitors: ............................................................................................ 28
1.7.4 Pulse Discharge or Flash Type Aluminum Electrolytic Capacitors: ....................................................... 28
Section One Summary:........................................................................................................................... 28
2.0 GLOBAL ALUMINUM CAPACITOR MARKETS AND FORECASTS: 2010-2015: ................ 29
2.1.1 Lead Time Trend For Aluminum Electrolytic Capacitors: 2010................................................ 29
2.1.2 Lead Time Trend For Aluminum Electrolytic Capacitors By Component Type and
Configuration: 2010............................................................................................................................... 31
Global Aluminum Electrolytic Capacitor Lead-Times in Weeks By Type: 2010 ........................................... 33
2.1.3 Quarterly Revenues In The Aluminum Electrolytic Capacitor Market: Downturn and
Recovery: 2008-2010 .............................................................................................................................. 33
Quarterly Revenues Of The World’s Top Aluminum Capacitor Manufacturers: 2008-2010......................... 34
2.1.4 Analysis of Recent Market Events: 2008-2009-2010 .................................................................. 35
2.2 GLOBAL ALUMINUM ELECTROLYTIC CAPACITOR CONSUMPTION VALUE: 2010 FISCAL YEAR
ENDING MARCH & FISCAL YEAR -2011-2015 FORECASTS........................................................................ 36
Global Aluminum Electrolytic Capacitor Consumption Value: 2003-2010; 2011-2015F (In Millions of
USD) .................................................................................................................................................................... 37
2.2.1 Global Aluminum Electrolytic Capacitor Consumption Volume: 2003-2010; 2011-2015
Forecast .................................................................................................................................................. 38
Global Aluminum Electrolytic Capacitor Consumption Volume: 2003-2010; 2011-2015F (In Billions of
Pieces) .................................................................................................................................................................. 39
2.3 AVERAGE UNIT PRICING FOR ALUMINUM ELECTROLYTIC CAPACITORS BY DIELECTRIC: 2003-2010;
2011-2015F.................................................................................................................................................. 40
Global Aluminum Electrolytic Capacitor Consumption Volume: 2003-2010; 2011-2015F (In Billions of
Pieces):................................................................................................................................................................. 41
2.4 GLOBAL MARKET SUMMARY: VALUE, VOLUME AND PRICING FOR ALUMINUM ELECTROLYTIC
CAPAICTORS: 2003-2010; 2011-2015 (FISCAL YEARS): ............................................................................ 42
Global Aluminum Electrolytic Capacitor Consumption Volume: 2003-2010; 2011-2015F (In Billions of
Pieces):................................................................................................................................................................. 42
Section Two Summary: .......................................................................................................................... 43
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3.0 ALUMINUM ELECTROLYTIC CAPACITORS: MARKETS BY TYPE: 2010:........................ 44
3.1 Aluminum Electrolytic Capacitors: Demand By Component Configuration (Throughole Versus
Surface Mount): 2010 ............................................................................................................................. 44
3.1.1 Throughole Product Markets: 2010 ........................................................................................................... 44
3.1.2 Surface Mount Product Market: 2010 ....................................................................................................... 44
3.2 Aluminum Electrolytic Capacitors: Demand By Component Type: 2010..................................... 45
Global Consumption Value For Aluminum Capacitors By Type: 2010........................................................... 47
3.2.1 Radial Leaded Aluminum Capacitors........................................................................................................ 47
3.2.2 Vertical Chip Capacitors (V-Chip) ............................................................................................................ 47
3.2.3 Snap-In/Snap-Mount Aluminum Capacitors............................................................................................. 48
3.2.4 Computer Grade/Screw Terminal {Large Can} ....................................................................................... 48
3.2.5 Horizontal Chip Capacitors (H-Chip)........................................................................................................ 49
3.2.7 Axial Leaded Aluminum Capacitors ......................................................................................................... 49
3.2.8 Motor Start (Large Can) ............................................................................................................................. 50
3.3 Market Forecasts By Component Type: 2010-2015....................................................................... 50
3.4 WORLDWIDE CONSUMPTION OF ALUMINUM ELECTROLYTIC CAPACITORS BY CAPACITANCE RANGE:
2010.............................................................................................................................................................. 51
3.5 WORLDWIDE CONSUMPTION OF ALUMINUM ELECTROLYTIC CAPACITORS BY VOLTAGE RATING:
2010.............................................................................................................................................................. 53
3.6 PROFIT CENTERS FOR ALUMINUM CAPACITORS BY CAPACITANCE AND VOLTAGE RATING.............. 55
3.7 ALUMINUM ELECTROLYTIC CAPACITORS: DEMAND BY COMPONENT ELECTRODE SYSTEM
(CONDUCTIVE POLYMER VERSUS ETCHED CATHODE FOIL: ...................................................................... 57
3.17 - 2010- 2015 Updated Forecasts for Conductive Polymer Capacitor Consumption Forecasts:
................................................................................................................................................................. 57
Value and Volume of Demand For Conductive Polymer Aluminum Capacitors: 2005-2010; 2015 Forecast
.............................................................................................................................................................................. 57
3.18 A Huge Gamble Is About To Pay Off: ........................................................................................... 58
3.4 DEMAND FOR ALUMINUM CAPACITORS BY OPERATING TEMPERATURE: 2010 ............................. 60
3.5 Electrochemical Capacitor Technology Roadmap: 2005-2010..................................................... 62
Section Three Summary: ......................................................................................................................... 63
4.0 OUTLOOK FOR DEMAND BY END-USE MARKET SEGMENT: 2010-2015........................... 65
4.1 FORECASTED CHANGES IN DEMAND BY END-USE MARKET SEGMENT: JUSTIFYING GROWTH
FORECASTS- 2007-2010 & 2011 FORECAST. .............................................................................................. 65
Global Consumption Value for Passive Electronic Components: 2007-2010 FY Ending March & 2011
Forecast ................................................................................................................................................................ 66
4.2 Aluminum Electrolytic Capacitor Consumption By End-Use Market Segment: 2010 ................. 67
4.3 MARKET FORECASTS FOR PASSIVE COMPONENTS BY END-USE MARKET SEGMENT: 2010-2015.... 69
4.4 Aluminum Electrolytic Capacitor Requirements To 2015: ............................................................ 70
Value of Global Consumption For Aluminum Electrolytic Capacitors: 2008-2010; 2011 Fiscal Year
Forecasts (In Millions of USD) ........................................................................................................................... 70
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4.5 2015 Forecast for Aluminum Electrolytic Capacitor Consumption By End-Use Market Segment:
................................................................................................................................................................. 70
Forecasted Unit Shipments for Aluminum Electrolytic Capacitors By End-Use Market Segment: 2010-
2015(In Billions of Pieces) ................................................................................................................................. 72
4.5.1 CONSUMER AUDIO & VIDEO IMAGING MARKETS FOR ALUMINUM CAPACITORS:.......................... 72
Consumer Audio and Video Imaging Markets For Passive Components: 2010-2015............................ 74
Television Sets and Home Theatre Electronics: FY 2010-2011 Outlook ........................................................ 75
Passive Component Vendors To The Consumer Audio and Video Imaging/Home Theatre Industry: FY2011
.............................................................................................................................................................................. 75
Consumer Electronics: Market Outlook for Passive Components: 2009 and 2010......................................... 77
Consumer Segment Outlook: FY2011................................................................................................................ 78
Television Set Markets For Passive Components: 2010-2015.......................................................................... 79
LCD and PDP TV Set Production and Outlook: 2010-2015............................................................................. 80
Global Production Forecasts For LCD and PDP TV Sets: 2010-2015 (In Millions of Units)....................... 80
Changes in The CRT Monitor Markets: 2009-2015 .......................................................................................... 81
Global Production Forecasts For CRT TV Sets: 2009-2015 (In Millions of Units)........................................ 81
Digital TV Market Trends: Temporary Slowdown, But Growth Drivers Remain Apparent: 2010-2015: .... 81
Key Growth Catalysts In Digital Television Sets: 2009-2015.......................................................................... 83
Future Trends: Connected TVs, Multi-Standard Media Decoders and The Inductor Market: 2010-2015 .... 83
Transition To Digital TV Standards in Developing Nations: 2010-2015......................................................... 84
DVD-Recorder Markets For Passive Components: 2010-2015 .......................................................... 84
Passive Component Content in DVD-Recorders: FY 2009 .............................................................................. 84
DVD-R Market Outlook: 2010-2015:................................................................................................................. 84
Global Production Forecasts For DVD Recorder Boxes: 2009-2015 (In Millions of Units).......................... 85
DVD-R Growth Drivers: 2010-2015 .................................................................................................................. 86
High-Definition TV Set Sales Strongly Relate to DVR Sales. ......................................................................... 86
Most of The World’s Population Still Receive TV over Analog Channels ..................................................... 86
Planned Switch To Digital TV Signal By Country To 2016:............................................................................ 86
Key Technical-Economic Trends Impacting DVD-R: 2010-2015 ................................................................... 88
BRIC Economies Adopting Red-Laser DVDs:.................................................................................................. 88
Opportunities in The Emerging Automotive DVD Market Segment ............................................................... 88
Blue-Ray and Upconverter DVD Trends: 2010-2015: ...................................................................................... 89
Video Game Device Markets For Passive Components: 2010-2015................................................... 90
Passive Comonents in Video Game Devices: FY 2009..................................................................................... 90
Set-Top Video Game Device Market Outlook: 2010-2015: ............................................................................. 90
Global Production Forecasts For Set Top Video Game Consoles: 2009-2015 (In Millions of Units)........... 91
Portable Video Game Device Market Outlook: 2010-2015:............................................................................. 92
Global Production Forecasts For Portable Video Game Consoles: 2009-2015 (In Millions of Units) .......... 92
Video Game Market Outlook: Upgrades and MEMs in 2011-2012................................................................. 93
Video Game Companion Electronic Devices: A New Market Opportunity .................................................... 93
Pricing Pressure For Next Generation Game Consoles:.................................................................................... 94
Next Generation Portable Gaming Trends: 2010-2015 ..................................................................................... 94
Digital Camera Markets For Passive Components: 2010-2015.......................................................... 94
Passive Component Markets in Digital Cameras: FY 2011.............................................................................. 94
Digital Still Camera Market Outlook: 2010-2015: ............................................................................................ 94
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Global Production Forecasts For Digital Still Camera: 2009-2015 (In Millions of Units) ............................. 95
Digital Cameras: Technical Trends and Directions: 2010-2015....................................................................... 96
Threats To The Near-Term Market Cycle:......................................................................................................... 96
Coming Changes In Camera Technology: 2010-2015....................................................................................... 97
The Development of High Definition Hybrid Cameras: 2010-2015: ............................................................... 97
Wi-Fi Enabled Digital Cameras: 2010-2015:..................................................................................................... 97
Digital Single-Lens Reflect (DSLR) Technology:............................................................................................. 98
4.5.2 COMPUTER MARKETS FOR ALUMINUM CAPACITORS: ...................................................................... 98
Computer Markets For Passive Components: 2010-2015 ................................................................... 99
Computers & Business Machine Market Segment: FY 2010-2011 Outlook................................................... 99
Passive Component Vendors To The Computer and Business Machine Industry: 2010.............................. 100
Computer Market: FY 2011 Outlook................................................................................................................ 101
Computers & Business Machine Market Segment: FY 2011 Outlook........................................................... 102
Global Production Forecasts For Notebook & Netbook Personal Computers: 2009-2015 (In Millions of
Units).................................................................................................................................................................. 103
Netbook: Unit Shipments for 2010-2014.......................................................................................................... 104
Market Shares in The Emerging Netbook Computer Market: 2009............................................................... 105
Are Netbooks a Threat To The Overall Computer Market For Components?............................................... 105
Global Production Forecasts For Desktop Personal Computers: 2009-2015 (In Millions of Units).......... 106
Computer Printer Markets For Passive Components: 2010-2015 .................................................... 107
Passive Component Markets in The Worldwide Computer Printer Industry: 2010 ...................................... 107
Global Production Forecasts For Computer Printers: 2009-2015 (In Millions of Units).............................. 108
4.5.3 CONSUMPTION OF ALUMINUM CAPACITORS IN INDUSTRIAL POWER AND LIGHTING: 2010 ........ 109
(a) Large DC Motors:........................................................................................................................................ 109
Camera Flashes: ................................................................................................................................................ 109
Transportation Strobes:..................................................................................................................................... 110
Electronic Ballasts:............................................................................................................................................ 110
Industrial and Specialty Markets For Passive Components: 2010-2015.......................................... 111
Industrial and Specialty Electronics Market Segment:.................................................................................... 111
Power Transmission and Distribution Markets For Passive Components: 2010-2015................... 112
2011 Global Market Outlook............................................................................................................................ 112
An Important Market Opportunity for Manufacturers of High Voltage Power Components:...................... 112
State Goals: Renewable Energy Generation as A Percentage of Total Power Consumption: 2009-2025... 113
White Goods (Large Home Appliances) Markets For Passive Components: 2010-2015................ 114
FY 2011 Global Market Outlook: ..................................................................................................................... 114
The Market For White Goods and Outlook To 2015:...................................................................................... 115
Global Production Volume for White Goods: 2009-2014 Forecasts (In Millions of Units)......................... 116
Power Supply Markets For Passive Components: 2010-2015........................................................... 117
FY 2011 Global Market Outlook ...................................................................................................................... 117
Lighting Ballast Markets For Passive Components: 2010-2015....................................................... 118
FY 2011 Global Market Outlook: ..................................................................................................................... 118
Global Market Outlook For Lighting Ballasts: 2010-2015: ............................................................................ 119
Global Production Volume for Electronic Slim Line and Rapid Start Lighting Ballasts: 2009-2014 Forecasts
(In Millions of Units) ........................................................................................................................................ 120
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4.5.4 CONSUMPTION OF ALUMINUM CAPACITORS IN TELECOMMUNICATIONS INFRASTRUCTURE
EQUIPMENT ................................................................................................................................................ 121
Consumption of Aluminum Electrolytic Capacitors in Automotive Electronics:.............................. 121
Air Bag Circuits: ............................................................................................................................................... 121
4.5.5 AUTOMOTIVE MARKETS FOR PASSIVE COMPONENTS: 2010-2015 ................................................ 123
Automotive Electronics Market Segment: FY 2011 Outlook.............................................................. 123
Percent Decline in Unit Sales of Class 3-7 Sedans and Light Trucks: 2008 and 2009.................... 124
Global Light Class 3-8 Vehicle Sales Outlook To 2015: ................................................................................ 124
Global Class 3-7 Sedan and Class 8 Truck Production Forecasts: 2009-2015 .............................................. 125
Passive Component Vendors With Exposure To Automotive Electronics Segment:.................................... 126
• Under-The-Hood Electronics:................................................................................................................... 126
• Safety & Convenience Electronics: ........................................................................................................... 127
• Car Navigation System Electronics:.......................................................................................................... 127
• Hybrid Electric Vehicle Electronics:......................................................................................................... 127
Growing Demand for Hybrid Vehicle Technologies........................................................................... 128
Hybrid Solution Should Change The Numbers For Passive Content Per Automobile: ................................ 128
Automotive: Overall Impact On Passive Components: ................................................................................... 128
2010-2011 Growth Outlook: ............................................................................................................................. 129
Consumption of Aluminum Electrolytic Capacitors in Specialty Electronics: ................................. 129
Implantable Defibrillators:................................................................................................................................ 129
4.5.6 DEFENSE ELECTRONICS MARKETS FOR PASSIVE COMPONENTS: 2010-2015 ................................ 130
2010 Global Defense Market Outlook:............................................................................................................. 130
Changes in Defense Spending On Electronics in 2008-2009:......................................................................... 131
4.5.7 MEDICAL ELECTRONICS MARKETS FOR PASSIVE COMPONENTS: 2010-2015 ............................... 132
FY 2011 Global Market Outlook.......................................................................................................... 132
4.5.8 EMERGING MARKETS AND OPPORTUNITIES FOR PASSIVE COMPONENTS: 2010-2015.................. 133
Applications that Will Drive the Future Growth of Inductor Content In Digital Electronics: ........ 133
Mobile Internet Devices (MIDs): ......................................................................................................... 134
The Combination of Communications Features and Functionality In Traditional Consumer
Electronics:........................................................................................................................................... 134
The Proliferation of Touch Screen Interfaces:.................................................................................... 135
Digital Photoframes and Connected Displays:................................................................................... 136
Six New Consumer Technologies That Will Grow The Inductor Market:......................................... 136
Section Summary:................................................................................................................................. 137
5.0 REGIONAL GROWTH OUTLOOK: 2010-2015 ............................................................................. 138
5.1 Point of Sale For Aluminum Capacitors: 2010............................................................................. 138
5.2 The Difference Between Point of Sales and Consumption:.......................................................... 139
5.3 Regional Forecasts To 2015: Aluminum Electrolytic Capacitor Consumption....................................... 140
5.3.1 Greater China: .......................................................................................................................................... 142
5.3.2 Korea, Singapore and Thailand:............................................................................................................... 142
5.3.3 The Japanese Home Market: .................................................................................................................... 143
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5.3.4 The European Market ............................................................................................................................... 144
5.3.5 The American Market:............................................................................................................................. 144
Section Summary .................................................................................................................................. 144
6.0 ANALYSIS OF THE MATERIALS SUPPLY CHAIN FOR ELECTROLYTIC CAPACITORS:
2010................................................................................................................................................................. 146
The Supply Chain and Market Pull For Capacitors By Dielectric: 2010 ....................................................... 146
Introduction To Aluminum Capacitor Raw Materials-.................................................................................... 147
6.0 (a) Aluminum Capacitors Are A Complex Component: ............................................................... 148
6.1 GLOBAL THIN HIGH-PURITY FOIL CONSUMPTION: ............................................................................ 148
ALUMINUM PRICE TREND 2010: ................................................................................................................ 148
Aluminum Pricing Trend By Month-2003 to 2010.......................................................................................... 149
6.1.1 Thin Foil Stock for Capacitors: Global Value, Volume, and Pricing ...................................... 149
6.1.2 CAPACITOR FOIL PRICING TREND: 1997–2010; FORECASTS TO 2014 ........................................... 150
6.1.3 Capacitor Foil Pricing Outlook: 2009-2015 ............................................................................. 150
6.14 Average Unit Price for Capacitor Foils: 1997–2008; 2009-2014 Forecas t ......................... 151
Inability for the Supply Chain To React To Quick Change: ........................................................................... 152
6.15 THE CAPACITOR FOIL MARKET OUTLOOK: 2010-2015 ................................................................... 153
6.16 Global Consumption Volume for Etched Anode and Cathode Foils: 1997–2010; 2011–2015F
............................................................................................................................................................... 154
6.17 CAPACITOR FOIL CONSUMPTION: GLOBAL VOLUME FORECASTS: 2010-2015............................... 155
6.18 CAPACITOR FOIL CONSUMPTION: GLOBAL VALUE FORECASTS: 2010-2015.................................. 155
6.19 PRIMARY RESOURCED: INTERVIEWS WITH JAPANESE SUPPLIERS ON FOIL SUPPLY CHAIN .......... 156
Section Summary .................................................................................................................................. 159
7.0 ANALYSIS OF THE COSTS TO PRODUCE: 2010 ........................................................................ 160
7.1 ALUMINUM ELECTROLYTIC CAPACITORS: COST TO PRODUCE: ........................................................ 160
7.1.1 Aluminum Capacitors: Worldwide Revenues: FY 2010............................................................ 160
7.1.2 Aluminum Capacitors: Operating Margin: FY 2010 ................................................................ 160
7.1.3 Aluminum Capacitors: Cost of Sales: FY 2010 ......................................................................... 160
7.1.4 Cost To Produce Metrics For Aluminum Electrolytic Capacitors: FY 2010........................... 161
7.1.5 Aluminum Capacitors: Cost of Goods Sold ............................................................................... 162
Fixed Costs: ....................................................................................................................................................... 162
Variable Costs: .................................................................................................................................................. 162
Raw Materials:................................................................................................................................................... 162
Variable Overhead: ........................................................................................................................................... 162
Variable Labor:.................................................................................................................................................. 162
Variable “Other” Manufacturing:..................................................................................................................... 163
7.1.6 Raw Materials Cost Breakdown: FY 2010................................................................................. 164
Anode and Cathode Foils: ................................................................................................................................ 164
Can and Sleeve: ................................................................................................................................................. 166
Electrolytes and Associated Chemistry: ........................................................................................................... 166
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Rubber End Seals: ............................................................................................................................................. 168
Separator Paper: ................................................................................................................................................ 168
Electrode/Tab Materials:................................................................................................................................... 169
Lead Wires:........................................................................................................................................................ 169
PPS/Foot Tape:.................................................................................................................................................. 169
Other Costs: ....................................................................................................................................................... 169
7.2 BEST PRACTICES IN COST SAVINGS FOR ALUMINUM ELECTROLYTIC CAPACITORS: ....................... 171
7.2.1 FY 2011 Expected Changes in Cost Structure ........................................................................... 172
7.2.2 Expected Changes In Raw Material Cost Factor and Operational Capacity In: FY 2011 .... 173
Costs To Produce By Aluminum Capacitor Type Expected for FY 2011 Due To Rising Prices of
Commodity Materials ....................................................................................................................................... 173
Section Summary .................................................................................................................................. 174
8.0 MARKET SHARE DATA: ................................................................................................................... 175
8.1 TOP GLOBAL CAPACITOR MANUFACTURERS: CHANGES IN REVENUES - 2007-2010 FY ................ 175
8.1.1 Top 15 Vendors of Capacitors: Change in 2008-2010 FY Revenues....................................... 176
8.2 ALUMINUM ELECTROLYTIC CAPACITOR MARKET SHARES: 2007,2008,2009, 2010........................ 177
8.2.1 Aluminum Electrolytic Capacitor Market Shares: .................................................................... 177
Summary Graph: Top Global Vendors of Aluminum Capacitors 2010: ........................................... 180
8.2.3 Controlling Interest In The Aluminum Electrolytic Capacitor Market By Country: 2010 .... 181
8.3 MARKET SHARES IN ALUMINUM ELECTROLYTIC CAPACITORS BY TYPE: 2010............................... 182
8.3.1 Radial Leaded Aluminum Electrolytic Capacitors: Global Market Shares: 2010.................. 183
8.3.2 Vertical Chip Aluminum Electrolytic Capacitors: Global Market Shares: 2010.................... 184
8.3.3 Horizontal Conductive Polymer Chip Aluminum Electrolytic Capacitors: Global Market
Shares: 2010......................................................................................................................................... 185
8.3.4 Large Can and Snap In Type Aluminum Electrolytic Capacitors: Global Market Shares: 2010
............................................................................................................................................................... 186
NIPPON CHEMI-CON............................................................................................................................... 187
NIPPON CHEMI-CON CORPORATION (RIC:6996) ...................................................................................... 187
Business Description: ........................................................................................................................... 188
2010 UPDATE:............................................................................................................................................ 188
Change In Revenues: 2008-2009-2010................................................................................................ 188
Sales By Capacitor Product Line: 2009-2010 F................................................................................. 188
Conductive Polymer Aluminum Capacitor Sales: 2009-2010 FY...................................................... 190
NCC Revenues by World Region: ........................................................................................................ 190
NCC Revenues by End-Use Market Segment:..................................................................................... 190
NCC Manufacturing Facilities:............................................................................................................ 190
Nippon Chemi-Con Technology Assessment:...................................................................................... 190
Polymer, Power Film and EDLC Outlook: 2011-2015 ................................................................................... 190
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NICHICON ................................................................................................................................................... 191
NICHICON CORPORATION (RIC: 6996) ...................................................................................................... 191
Nichicon Company Description:.......................................................................................................... 192
2010 Update: Nichicon Revenues Increase 7.4% Quarter-To-Quarter ............................................ 192
2010 YoY Update and FY Outlook:...................................................................................................... 193
Nichicon: Revised Revenues By Capacitor Type: 2010: .................................................................... 193
Update: Plant Consolidation: .............................................................................................................. 194
Update: Workforce Reduction: ............................................................................................................ 194
Update: Capacitor Foil Pricing: FY 2010 .......................................................................................... 194
Update: Capex Spending for 2010....................................................................................................... 195
FMD Acquisition:................................................................................................................................. 195
Update: Conductive Polymer Aluminum Capacity:............................................................................ 195
Nichicon Revenues 1999-2010:............................................................................................................ 196
Nichicon Passive Component Revenues .............................................................................................. 197
Nichicon Product Lines In Passive Components ................................................................................ 197
Nichicon Revenue Growth By Capacitor Type (Al203, Ta205, Film, EDLC) .................................. 198
Nichicon Revenues by World Region:.................................................................................................. 199
Nichicon Revenues by End-Use Market Segment: .............................................................................. 199
Nichicon Technology Assessment: ....................................................................................................... 200
Nichicon Strategy in Capacitors: ......................................................................................................... 200
RUBYCON.................................................................................................................................................... 200
RUBYCON CORPORATION (PRIVATE) ......................................................................................................... 200
Company Description ........................................................................................................................... 201
Rubycon Product Lines:........................................................................................................................ 201
Other Products:.................................................................................................................................................. 201
Rubycon Revenue Estimates For Passive Components ...................................................................... 201
Rubycon Revenues By Product Line and Type:................................................................................... 201
Rubycon Revenues By End-Use Market Segment ............................................................................... 202
Rubycon Manufacturing Footprint in Asia: ........................................................................................ 202
Rubycon Passive Component Technology Assessment:...................................................................... 202
PANASONIC ................................................................................................................................................ 203
PANASONIC ELECTRONIC DEVICES (RIC: 6752):...................................................................................... 203
Formerly-Matsushita Electric Industrial Co., Limited..................................................................................... 203
Company Description: .......................................................................................................................... 203
Panasonic Passive Component Revenues: .......................................................................................... 204
Panasonic Component & Device Division Update: ........................................................................... 204
Panasonic Component Lines: ............................................................................................................... 205
Panasonic 2009 Earnings Update: ...................................................................................................... 205
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Panasonic Passive Component Revenues: .......................................................................................... 206
Panasonic Revenues by World Region: ............................................................................................... 206
Panasonic Revenues by End-Use Market Segment: ........................................................................... 207
Panasonic Inductor Manufacturing Facilities (Tajima and Tianjin): ............................................... 207
Company Outlook for FY 2010: ........................................................................................................... 208
Closing of The ACOM Plant: 2010...................................................................................................... 210
Merger With Sanyo: 2010..................................................................................................................... 210
Expected Sanyo Impact On PED Passive Component Sales: 2011................................................... 210
Section Summary:................................................................................................................................. 211
9.0 MARKET OPPORTUNITIES IN COMPETING TECHNOLOGIES: 2010-2015 ..................... 212
9.1.1 How Aluminum Electrolytic Capacitors Fit Into The Larger Capacitor Market:................... 213
9.1.2 The Technical and Economic Differences Between Dielectrics: 2010 .................................... 214
9.1.3 Strengths and Weaknesses of The Aluminum Electrolytic Capacitors in The Market: ........... 215
9.1.4 Global Capacitor Value Shipments By Dielectric: 2003-2009; 2010-2015F.......................... 215
9.1.5 Global Capacitor Market Forecasts: 2007-2010, 2011 Forecast -FY Ending March- (In
Millions of USD) .................................................................................................................................. 219
9.2 GLOBAL CAPACITOR MARKET REVENUE FORECASTS BY DIELECTRIC: 2009-2010 FY ENDING
MARCH ....................................................................................................................................................... 220
9.2.1 Ceramic Capacitors: 2009-2010; 2011 Outlook ....................................................................... 220
9.2.1 (a) Ceramics and Competition With Aluminum Electrolytic Capacitors: 2010-2015: ........................ 220
9.2.2 Tantalum Capacitors: 2009-2010 FY; 2011 FY Outlook......................................................... 222
9.2.3 (a) Tantalum and Competition With Aluminum Electrolytic Capacitors: 2010-2015:........................ 223
9.2.4 DC Film Capacitors: 2009-2010; FY 2011 Outlook................................................................. 224
9.2.4 (a) DC Film and Synergies With Aluminum Electrolytic Capacitors: 2010-2015:.............................. 224
9.2.5 AC Power Film Capacitors: 2009-2010; FY 2011.................................................................... 225
9.2.5 (a) AC Power Film Capacitors and Synergies With Aluminum Electrolytic Capacitors: 2010-2015:226
9.2.6 Other Capacitors: 2009-2010- 2011 .......................................................................................... 227
Section Summary:................................................................................................................................. 227
10.0 FIVE YEAR CAPACITOR MARKET FORECASTS: 2010-2015 .............................................. 229
10.1 Global Capacitor Volume Consumption By Dielectric: 2003-2009; 2010-2015F ................. 229
Global Unit Consumption For Capacitors: Forecasts by Type: 2010-2015................................................... 230
10.2 Global Capacitor Value Consumption By Dielectric: 2003-2009; 2010-2015F...................... 230
Global Capacitor Value Consumption By Dielectric: 2003-2010; 2011-2015F............................................ 231
10.3 Average Unit Pricing For Capacitors By Dielectric: 2003-2010; 2011-2015F ...................... 232
Average Unit Price Erosion For Capacitors By Type: 2003-2009; 2010-2015F........................................... 233
Section Summary ................................................................................................................................. 233
11.0 SOLID POLYMER ALUMINUM: THE NEXT BIG OPPORTUNITY..................................... 234
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ALUMINUM ELECTROLYTIC CA PACIT O RS
PASSIVE ELECTRONIC COMPONENT MARKET RESEARCH
11.1 TECHNOLOGY LEADERSHIP IN SOLID POLYMER ELECTROLYTIC CAPACITORS: ................................... 234
11.1 (a) Sanyo Components: ................................................................................................................ 234
11.1 (b) Panasonic Electronic Devices: Merger With Sanyo............................................................. 235
11.1 © Nippon Chemi-Con:.................................................................................................................. 235
11.1 (d) Nichicon: ................................................................................................................................ 235
11.1 (e) Kemet: ..................................................................................................................................... 235
11.2 High Capacitance MLCC In Comparison To Stacked Polymer Aluminum:............................. 236
11.3 Capacitance Comparison (Polymer Aluminum, Polymer Tantalum and High Cap MLCC): . 236
11.4 Electrolytes & Low ESR:............................................................................................................. 238
11.4 (a) Aqueous & Non-Aqueous Solutions (KOH, Ethyl Glycol): .................................................. 238
11.4 (b) Manganese Dioxide (MnO2): ................................................................................................. 238
11.4 © Isoquinolinium (TCNQ): ......................................................................................................... 239
11.4 (d) Polymer Electrolytes: ............................................................................................................. 239
11.5 Solid Polymer Aluminum Capacitor Markets: ............................................................................ 241
11.6 Solid Polymer Horizontal Chip: .................................................................................................. 244
11.7 Liquid + Polymer Aluminum Capacitor Markets:..................................................................... 245
11.7 (a) Vertical Aluminum Polymer Chip .......................................................................................... 245
11.8 Radial Leaded Polymer Aluminum Capacitor Markets: ............................................................ 246
11.10 - 2010- 2015 Updated Forecasts for Conductive Polymer Capacitor Consumption Forecasts:
............................................................................................................................................................... 247
Value and Volume of Demand For Conductive Polymer Aluminum Capacitors: 2005-2010; 2015 Forecast
............................................................................................................................................................................ 247
11.11 A Huge Gamble Is About To Pay Off: ....................................................................................... 248
11.12 Liquid + Polymer Capacitor Vendors:............................................................................................... 249
11.13 Sold Polymer Aluminum Capacitor Vendors: 2010......................................................................... 250
11.14 Companies Progressing From Ionic Liquid Electrolyte Toward Solid Electrolytic Designs::.. 250
11.15 New Market Entrants Into Solid Polymer Aluminum and Solid Polymer Tantalum Capacitors
............................................................................................................................................................... 252
11.16 Additional Market Drivers Pushing Solid Polymer Aluminum................................................ 253
11.17 Polymer Capacitor Production By Operating Temperature: (The 125 Degree C Rule In Solid
Polymer Capacitor Designs) ................................................................................................................ 255
11.18 The Difference Between Polypyyrole, Polythiophene and Polyanaline In The Finished
Capacitor:............................................................................................................................................. 255
11.18 (a) Polypyyrole: .......................................................................................................................... 255
11.18 (b) Polythiophene....................................................................................................................... 255
11.18 © Polyanaline ............................................................................................................................. 256
11.18 (d) Production Process For Conductive Polymer Anodes—Methods of Penetration:........... 256
11.19 The Most Profitable System For Conductive Polymer In Solid Electrolytic Capacitors....... 256
11.22 The Fundamental Production Problems For Tantalum, Aluminum and Niobium Capacitors
When Employing A Polymer Cathode.................................................................................................. 257
11.23 Polymer Penetration Of The Anode: ......................................................................................... 257
14
ALUMINUM ELECTROLYTIC CA PACIT O RS
PASSIVE ELECTRONIC COMPONENT MARKET RESEARCH
11.24 Proper Edge Coating of the Rectangular Anode:..................................................................... 258
11.25 Lack Of Matched Materials Systems in Monomer, Oxidizer, Sealer, Silver and Graphite ... 259
11.26 Current Conductive Polymer Pricing And Changes In The Market..................................................... 259
11.27 Current issues w/ polymers that are limiting increased penetration....................................... 260
11.28 Pricing and Availability Issues in 2010 .................................................................................... 261
Section Summary:................................................................................................................................. 262