© demarco dreamstime.com Components | April 25, 2013
European Market for Passives dropped 10% in 2012
After an increase by 9% in 2011 the market for European Passives Components has dropped by 10% in 2012, mainly resulting from the ongoing financial crisis, especially in the Southern European countries.
EECA-EPCIA President Ralph Bronold summarizes: "Consequently, the latest market forecast for 2013 is worse (minus 4%) compared to the previous forecast issued in fall 2012 (minus 2%). For 2014 the EPCIA members expect a moderate recovery of the Passive Components market in Europe by plus 4%.” ”This results in a total market volume of around 4 Bn. Euro overall Passive Components in 2013.” “After an increase of the Capacitors market by 14% in 2011 and a strong decrease by 16% in 2012, a further reduction by 5% in 2013 is being forecasted. The projection for 2014 shows a moderate increase by 3%, up to a volume of around 1.5 Bn. Euro. The Resistors market is fluctuating much less: The market 2013 (704 Mio. Euro) was only 3% below the 2012 volume. For 2014 a slight recovery of this market, up to a volume of 718 Mio. Euro (+2%), is expected." "The combined market for Electromagnetic Components and RF-Filters was also badly hit in 2012 (minus 6%). For 2013 the experts expect a further decrease by 3% down to a volume of 1.812 Mio. Euro. For 2014 a strong recovery by around 7% is anticipated.” Main European market segments for Passive Components The Automotive sector is of major importance, also for Passive Components, in Europe. Coming from an exceptionally high market level in 2011 and 2012, resulting from the success of the premium car manufacturers in Germany, the outlook for 2013 recently became much less optimistic (-4%). Main reason seems to be the softening of the European automotive market. The Industrial market is of similar importance in Europe due to the strong need for energyefficient drives, the growth of renewable energy and industry automation segments. However 2012 has ended below the estimation of the market experts in spring due to the downturn especially in the renewable energy sector. For 2013 a flat market development is expected - best case! Sales of Passive Components to the global Telecom markets has been fostered by the rapidly increasing number of smart phones but also by the need for more base stations. The dramatically increasing data traffic and the transition towards LTE (Long Term Evolution) help to further support this trend. However the European Mobile Phone and Base Station makers have lost market share. This has resulted in a significantly lower Passives market in 2012. For 2013 the outlook remains sceptical but not as bad as in the previous years. The Consumer Electronics market showed a reduction of around 14% in 2012 primarily as a consequence of the weak market in Flat Panel TV. Also here, the outlook for 2013 stays stable flat in the best case. Overall the result for 2013 may be heavily impacted by the ongoing Euro currency crisis and the reduction of consumer confidence in Europe.
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