The Argentine electric capacitors market was evaluated at US$69.359 million in 2020.
Growing functionality and rising demand for smart components owing to the increasing demand for consumer electronics and electric vehicles across the country are projected to drive the electric capacitor market growth during the forecast period. The Argentina electric capacitor market is segmented into four categories: type, polarisation, voltage, industry vertical and geography.
One of the prime reasons supporting the growth of the electric capacitor market in Argentina is the rising demand for consumer electronics across the country. Rapidly growing urbanization and high disposable income have increased the demand for advanced consumer electronic devices, which is expected to drive the overall market growth during the forecast period. Appliances and electronics industries across the country are evolving and modernizing to meet the growing global and local market demands. Moreover, the rising electricity demand across the country is anticipated to have a positive impact on market growth. The government of Argentina is planning to carry out a $1.1bn transmission project for Buenos Aires that includes 500km (310.7mi) of extra-high and high voltage lines. For this project, the government is taking help from China in order to fortify its electric system.
Increased demand for electric vehicles across the country is projected to increase the demand for electric capacitors across the automotive sector of the country, which is expected to drive the overall market growth. Three electric cars have recently been manufactured in Argentina: Sero Electric by Movi Electric; Tito by Coradir; and Volt by Volt Motors. Moreover, the president of the country has submitted a bill to Congress that includes the benefits that come along with EV purchases. The government of the country announced a "sustainable mobility" bill. Under the bill, an incentive will be provided for the sale of electric vehicles (EVs). The government is making efforts to boost domestic production of EVs by providing tax incentives for their manufacture and for the production of related auto parts and charging stations. The federal government plans to replace its own fleet of combustion engine vehicles with EVs.
COVID-19 Insights
The COVID-19 pandemic has negatively impacted the growth of the electric capacitor market in the country. There was a sharp decline in prices and demand across the country. The pandemic has impacted the end-user industries, which ultimately declined the demand for electric capacitors. COVID-19 has impacted the supply chain of the equipment, which in turn has affected the company’s growth that is operating in the market.
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| Market size value in 2020 | US$69.359 million |
| Growth Rate | CAGR during the forecast period |
| Base year | 2020 |
| Forecast period | 2022–2027 |
| Forecast Unit (Value) | USD Million |
| Segments covered | Type, Polarization, Voltage, And Industry Vertical |
| Companies covered | KEMET Corporation, Yageo Corporation, Nichicon Corporation, Walsin Technology Corporation, Illinois Capacitor, Inc. |
| Customization scope | Free report customization with purchase |
Market Segmentation
The Argentina electric capacitor market has been analysed through the following segments: