Consumer Electronics Electric Capacitor Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Aluminum, Ceramic, Tantalum, Paper And Film, Supercapacitor, Others), By Polarization (Polarized, Non-Polarized), By Industry Verticals (Consumer Electronics, Automotive, Communication And Technology, Energy And Power), By Voltage (Low, High), And By Geography - Forecasts From 2022 To 2027

The consumer electronics electric capacitor market is projected to grow at a CAGR of 4.43% during the forecast period to reach US$5.596 billion by 2027, from US$4.131 billion in 2020.

The consumer electronics electric capacitor market in consumer electronics is expected to expand due to increased demand for smartphones, digital video recorders, and laptops and their short replacement cycles. The introduction of new technologies, such as 4K and OLED televisions, with diverse digital content and functionality, necessitates the importance of increasing power density, capacitance, and bandwidth, thereby expected to stimulate consumer electronics electric capacitor adoption.

An electric capacitor in a circuit works as its storage unit for power. The effect which is produced by a capacitor is known as its capacitance. Thin sheets, foil, electrolytes, and sintered metal beads can all be used as conductors. A nonconducting dielectric such as ceramic, glass, plastic film, and others increases the capacity charge in capacitors. Many typical electrical gadgets employ capacitors as part of their electrical circuits. An ideal capacitor, unlike a resistor, does not decrease substantially, yet real-life capacitors do. The growing economy is expected to fuel the expansion of key businesses, propelling the consumer electronics electric capacitors market forward. A major driver for the growth of the consumer electronics electric capacitor market is expected to be the rise in global warming concerns along with the development of more efficient power generation methods. High market demand is expected to be attributed to an increase in electric pumps in irrigation and industries. Maximum demand and energy charges, power factor penalties, and apparent energy charges are also likely to drive the market for consumer electronics electric capacitors to produce high-energy-efficient and cost-effective products.

The Consumer Electronics Electric capacitors market is expected to be driven by the increasing penetration of durable consumer products, which is expected to raise the production of consumer electronics and drive the demand for growth of electric capacitors in consumer electronics. Furthermore, it is expected that as the industry focuses more on research and development, the need for consumer electronics electric capacitors will grow even faster. According to Japan's electronics and information technology industry association, the consumer electronics industry has seen a rise of 83.8% in its production rate.  As the population grows, the number of devices per person also increases. The number of devices used in a household is also on the rise; thus, population growth will directly impact the market of electric capacitors in consumer electronics. The total population increased by 7.762 billion in 2020, indicating a 27 percent increase in the total world population over the last two decades, according to the World Bank. Efficiency and quality play a major role in the success of any electronics product. Cell phones, wearables, PCs, and tablets are all kinds of consumer electronics. The technology has advanced rapidly in the last decade, with smaller devices and better productivity, confronting power and RF design issues. The consumer electronics electric capacitor market is expected to rise due to the increased functionality, coherence, and intricacy of electronic devices, as well as the growing adoption of smart technology from emerging economies. The consumer electronics industry's ongoing technical improvements, particularly in the smartphone market, are expected to have pushed industry participants to choose efficient energy-offering devices. Furthermore, predicted expanding adoption across applications needing a mix of high capacitance and energy in the automotive and power transmission and distribution industries is expected to add to the positive outlook for the foreseen period.

Restraints

Capacitor value tolerances, equivalent series resistance capacity, and a limited life period are factors that the consumer electronics electric capacitor market is expected to face as constraints.   When capacitors are subjected to voltages or currents that exceed their tolerances, or when they reach their expected end of life, they can fail, which is expected to slow the growth of the energy and power electric capacitor market. The market of global consumer electronics electric capacitors is also expected to see a restrain due to the rising price of consumer electronics and the lack of standardization of durables.

The Asia Pacific consumer electronics electric capacitor market is expected to expand significantly

Due to the rigorous consumer electronics production process and the rising number of personal spending on electronics products, APAC is set to expand. The growing usage of technology for daily activities, facilitated by ongoing residential and retail development projects, is expected to drive consumer electronics electric capacitor demand. Accelerating growth in high voltage direct current transmission innovation and sustainable sources, including wind and solar, will augment the business growth and success, and so will the evolution of the electric vehicle sector.

Moving toward energy-efficient technology solutions, combined with aggressive government moves to reduce emissions, is expected to boost Europe's market growth for consumer electronics electric capacitors. Furthermore, increased steps to encourage electric mobility, as well as government incentives to encourage the deployment of renewable energy systems, are predicted to propel industry growth for the forecasted period.

Key Developments

• In December 2021, TDK Corporation announced its decision to further enhance its operating efficiency through a sustainable business management structure by consolidating three subsidiaries in Japan. These three relevant manufacturing subsidiaries are part of Electronic Components Business Company which deals with electronic components. This consolidation will strengthen TDK’s monozukuri capacity with an integrated structure of each company’s production engineering technology and manufacturing knowledge.
• NICHICON CORPORATION developed a new JUH series of heat-resistant Electric Double-layers capacitors rated to 85 degrees Celsius in April 2020. These new series could work as a backup power source for consumer electronics like smart meters and gas meters.  

COVID-19 Impact

The pandemic had a significant impact on the consumer electronics electric capacitor market globally. The imposed lockdowns to contain the spread of coronavirus worldwide resulted in huge supply chain disruptions. Furthermore, to combat the unique coronavirus, manufacturing plants were shut down, and the government established rigorous protective measures and directives. During this time, the market for capacitors suffered a setback owing to a shift in consumer preference and reduced demand for consumer electronics at the beginning of the pandemic. However, the demand for consumer electronics like computers, mobiles, laptops, and tablets grew exponentially in second half of 2020 due to changing work environment and the introduction of e-learning platforms globally. This shift helped the consumer electronic demand to stabilize during the pandemic, consequently impacting the growth of the consumer electronics electric capacitor market.  

Consumer Electronics Electric Capacitor Market Scope:

Key Market Segments

• By Type
  • Aluminum
  • Ceramic
  • Tantalum
  • Paper and Film
  • Supercapacitor
  • Others
• By Polarization
  • Polarized
  • Non-Polarized
• By Voltage
  • Low
  • High
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Spain
    • Others
  • The Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Taiwan
    • Others 

Frequently Asked Questions (FAQs)

Q1. What is the size of the global consumer electronics electric capacitor market?
A1. Consumer Electronics Electric Capacitor Market was valued at US$4.131 billion in the year 2020.

Q2. What will be the consumer electronics electric capacitor market size by 2027?
A2. The consumer electronics electric capacitor market is projected to reach a market size of US$5.596 billion by 2027.

Q3. What are the growth prospects for the consumer electronics electric capacitor market?
A3. The global consumer electronics electric capacitor market is projected to grow at a CAGR of 4.43% during the forecast period.

Q4. What factors are anticipated to drive the consumer electronics electric capacitor market growth?
A4. The consumer electronics electric capacitor market is expected to expand due to increased demand for smartphones, digital video recorders, and laptops, as well as their short replacement cycles.

Q5. Which region holds the maximum market share in the consumer electronics electric capacitor market?
A5. The Asia Pacific consumer electronics electric capacitor market is expected to expand significantly owing to the rigorous consumer electronics production process and the rising number of personal spending on electronics products.