Global Electric Capacitor Market Size, Share, Opportunities, And Trends By Type (Aluminum, Ceramic, Tantalum, Paper And Film, Supercapacitor, Others), By Polarization (Polarized, Non-Polarized), By Voltage (High Voltage, Low Voltage), By Industry Vertical (Consumer Electronics, Automotive, Communication & Technology, Energy & Power, Others), And By Geography - Forecasts From 2024 To 2029
- Published : May 2024
- Report Code : KSI061611443
- Pages : 107
Global electric capacitor market is estimated to grow at a CAGR of 4.95% during the forecast period to reach US$34.738 billion by 2029, from US$24.772 billion in 2022.
The electric capacitor, like a rechargeable battery, can store energy in the form of electrical charge while producing a static voltage across its plates. Because of its simple charging, discharging characteristics, and lightweight traits, it has effectively supplanted traditional batteries. Capacitors have become a crucial component in constructing almost every electronic gadget as technology has advanced. The capacitor market has grown in response to rising demand for consumer and wearable electronics, as well as the increasing usage of polymer-based capacitors in industrial applications. The electric capacitor market is segmented by type, polarization, voltage, industry vertical, and geography.
Market Drivers:
- Increase in demand for EVs-
The increasing adoption of electric vehicles, driven by a surge in electric car sales, particularly battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs), has amplified the demand for aluminum electric capacitors due to their ability to provide high-power supply. According to the International Energy Agency (IEA), electric car sales surpassed 10 million in the previous year, marking a substantial 55% growth compared to 2021. The global electric car fleet also witnessed a remarkable surge, reaching over 26 million in 2022, reflecting a 60% increase from the previous year and more than five times the stock recorded in 2018. As this shift towards electric vehicles continues, the demand for electric capacitors is expected to rise, contributing to the overall expansion of the electric capacitor market.
- Increasing adoption of smartphones-
The heightened demand for electric capacitors is predominantly driven by the widespread adoption of smartphones and laptops. In 2022, the United States witnessed a continuous increase in imports of cellular phones, experiencing a growth of $2.8 billion (4.7 percent) to reach $62.6 billion – marking the highest yearly dollar volume since 2007. Government data indicates that India consistently contributes to this surge, with approximately 30 million smartphone purchases every quarter, and this figure continues to escalate multiple times throughout the year. The rising demand for electronic devices, particularly smartphones, directly contributes to the increased demand for electric capacitors.
- Limited energy storage-
Limited energy storage may cause market growth to halt due to electric capacitors' poor energy capacity. If electric capacitors are not mounted correctly, they will not attain the suitable capacitance and may cause internal gas pressure, resulting in an explosion; due to these limitations, market expansion may be hampered.
Electric capacitor market is segmented by polarization into polarized and non-polarized
The electric capacitor market is categorized based on polarization into polarized and non-polarized capacitors. Polarized capacitors find common usage in DC circuits, particularly in applications such as power supplies and filtering. On the other hand, non-polarized capacitors are frequently employed in AC circuits, playing a key role in applications like coupling and filtering.
APAC is anticipated to hold a significant share of the Electric Capacitor Market-
The Asia Pacific region is likely to hold a considerable market share and experience substantial growth due to the presence of large-scale electronic device manufacturers in the region, such as China, Hong Kong, and South Korea, among others. Additionally, growing industrial production in the Asia Pacific region to fulfill domestic demand for higher-quality products and expanding exports from the region are driving up the demand for electric capacitors in the region. Moreover, surging consumer interest in smart devices such as smart TVs and wearable devices, expanding disposable income, continued product innovation, and the presence of key market players in this region contribute to the global electronics market's growth, thus the electric capacitors market's expansion.
Market Developments:
- June 2023- Zap Energy secured power supply manufacturing capabilities through the acquisition of liquidated ICAR assets. Zap Energy had acquired a significant package of assets from ICAR, once a prominent global manufacturer of capacitors and power supply equipment. This strategic move represented the initial phase in Zap's efforts to expand its manufacturing capabilities in proprietary repetitive pulsed-power technologies. Additionally, it laid the groundwork for the near-term development of a critical system component.
- March 2022- KYOCERA AVX Components Corporation acquired the tantalum and polymer capacitor business assets of ROHM Co., Ltd. The agreement outlined the transfer of ROHM Semiconductor's tantalum and polymer capacitor business assets. This comprehensive transfer encompassed all manufacturing lines related to tantalum and polymer capacitors, along with the pertinent intellectual property.
Electric Capacitor Market Scope:
Report Metric | Details |
Market Size Value in 2022 | US$24.772 billion |
Market Size Value in 2029 | US$34.738 billion |
Growth Rate | CAGR of 4.95% |
Study Period | 2019 to 2029 |
Historical Data | 2019 to 2022 |
Base Year | 2023 |
Forecast Period | 2024 – 2029 |
Forecast Unit (Value) | USD Billion |
Segments Covered |
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Companies Covered |
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Regions Covered | North America, South America, Europe, Middle East and Africa, Asia Pacific |
Customization Scope | Free report customization with purchase |
Market Segmentation:
- By Type
- Aluminum
- Ceramic
- Tantalum
- Paper And Film
- Supercapacitor
- Others
- By Polarization
- Polarized
- Non-polarized
- By Voltage
- High Voltage
- Low Voltage
- By Industry Vertical
- Consumer Electronics
- Automotive
- Communication & Technology
- Energy & Power
- Others
- By Geography
- North America
- USA
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- UK
- Germany
- France
- Spain
- Others
- Middle East and Africa
- Saudi Arabia
- Israel
- Others
- Asia Pacific
- Japan
- China
- India
- South Korea
- Indonesia
- Thailand
- Taiwan
- Others
- North America
Frequently Asked Questions (FAQs)
Electric Capacitor Market was valued at US$24.772 billion in 2022.
The electric capacitor market is projected to reach a market size of US$34.738 billion by 2029.
The global electric capacitor market is projected to grow at a CAGR of 4.95% during the forecast period.
APAC is anticipated to hold a significant share of the electric capacitor market.
The major factor anticipated to drive the growth of the electric capacitor market is the increasing adoption of renewable energy sources and the electrification of various industries.
1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.5. Currency
1.6. Assumptions
1.7. Base, and Forecast Years Timeline
1.8. Key benefits to the stakeholder
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Research Process
3. EXECUTIVE SUMMARY
3.1. Key Findings
3.2. Analyst View
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
4.5. Analyst View
5. GLOBAL ELECTRIC CAPACITOR MARKET BY TYPE
5.1. Introduction
5.2. Aluminum
5.2.1. Market opportunities and trends
5.2.2. Growth prospects
5.2.3. Geographic lucrativeness
5.3. Ceramic
5.3.1. Market opportunities and trends
5.3.2. Growth prospects
5.3.3. Geographic lucrativeness
5.4. Tantalum
5.4.1. Market opportunities and trends
5.4.2. Growth prospects
5.4.3. Geographic lucrativeness
5.5. Paper And Film
5.5.1. Market opportunities and trends
5.5.2. Growth prospects
5.5.3. Geographic lucrativeness
5.6. Supercapacitor
5.6.1. Market opportunities and trends
5.6.2. Growth prospects
5.6.3. Geographic lucrativeness
5.7. Others
5.7.1. Market opportunities and trends
5.7.2. Growth prospects
5.7.3. Geographic lucrativeness
6. GLOBAL ELECTRIC CAPACITOR MARKET BY POLARIZATION
6.1. Introduction
6.2. Polarized
6.2.1. Market opportunities and trends
6.2.2. Growth prospects
6.2.3. Geographic lucrativeness
6.3. Non-Polarized
6.3.1. Market opportunities and trends
6.3.2. Growth prospects
6.3.3. Geographic lucrativeness
7. GLOBAL ELECTRIC CAPACITOR MARKET BY VOLTAGE
7.1. Introduction
7.2. High Voltage
7.2.1. Market opportunities and trends
7.2.2. Growth prospects
7.2.3. Geographic lucrativeness
7.3. Low Voltage
7.3.1. Market opportunities and trends
7.3.2. Growth prospects
7.3.3. Geographic lucrativeness
8. GLOBAL ELECTRIC CAPACITOR MARKET BY INDUSTRY VERTICAL
8.1. Introduction
8.2. Consumer Electronics
8.2.1. Market opportunities and trends
8.2.2. Growth prospects
8.2.3. Geographic lucrativeness
8.3. Automotive
8.3.1. Market opportunities and trends
8.3.2. Growth prospects
8.3.3. Geographic lucrativeness
8.4. Communication & Technology
8.4.1. Market opportunities and trends
8.4.2. Growth prospects
8.4.3. Geographic lucrativeness
8.5. Energy & Power
8.5.1. Market opportunities and trends
8.5.2. Growth prospects
8.5.3. Geographic lucrativeness
8.6. Others
8.6.1. Market opportunities and trends
8.6.2. Growth prospects
8.6.3. Geographic lucrativeness
9. GLOBAL ELECTRIC CAPACITOR MARKET BY GEOGRAPHY
9.1. Introduction
9.2. North America
9.2.1. By Type
9.2.2. By Polarization
9.2.3. By Voltage
9.2.4. By Industry Vertical
9.2.5. By Country
9.2.5.1. United States
9.2.5.1.1. Market Trends and Opportunities
9.2.5.1.2. Growth Prospects
9.2.5.2. Canada
9.2.5.2.1. Market Trends and Opportunities
9.2.5.2.2. Growth Prospects
9.2.5.3. Mexico
9.2.5.3.1. Market Trends and Opportunities
9.2.5.3.2. Growth Prospects
9.3. South America
9.3.1. By Type
9.3.2. By Polarization
9.3.3. By Voltage
9.3.4. By Industry Vertical
9.3.5. By Country
9.3.5.1. Brazil
9.3.5.1.1. Market Trends and Opportunities
9.3.5.1.2. Growth Prospects
9.3.5.2. Argentina
9.3.5.2.1. Market Trends and Opportunities
9.3.5.2.2. Growth Prospects
9.3.5.3. Others
9.3.5.3.1. Market Trends and Opportunities
9.3.5.3.2. Growth Prospects
9.4. Europe
9.4.1. By Type
9.4.2. By Polarization
9.4.3. By Voltage
9.4.4. By Industry Vertical
9.4.5. By Country
9.4.5.1. Germany
9.4.5.1.1. Market Trends and Opportunities
9.4.5.1.2. Growth Prospects
9.4.5.2. France
9.4.5.2.1. Market Trends and Opportunities
9.4.5.2.2. Growth Prospects
9.4.5.3. United Kingdom
9.4.5.3.1. Market Trends and Opportunities
9.4.5.3.2. Growth Prospects
9.4.5.4. Spain
9.4.5.4.1. Market Trends and Opportunities
9.4.5.4.2. Growth Prospects
9.4.5.5. Others
9.4.5.5.1. Market Trends and Opportunities
9.4.5.5.2. Growth Prospects
9.5. Middle East and Africa
9.5.1. By Type
9.5.2. By Polarization
9.5.3. By Voltage
9.5.4. By Industry Vertical
9.5.5. By Country
9.5.5.1. Saudi Arabia
9.5.5.1.1. Market Trends and Opportunities
9.5.5.1.2. Growth Prospects
9.5.5.2. Israel
9.5.5.2.1. Market Trends and Opportunities
9.5.5.2.2. Growth Prospects
9.5.5.3. Others
9.5.5.3.1. Market Trends and Opportunities
9.5.5.3.2. Growth Prospects
9.6. Asia Pacific
9.6.1. By Type
9.6.2. By Polarization
9.6.3. By Voltage
9.6.4. By Industry Vertical
9.6.5. By Country
9.6.5.1. China
9.6.5.1.1. Market Trends and Opportunities
9.6.5.1.2. Growth Prospects
9.6.5.2. Japan
9.6.5.2.1. Market Trends and Opportunities
9.6.5.2.2. Growth Prospects
9.6.5.3. India
9.6.5.3.1. Market Trends and Opportunities
9.6.5.3.2. Growth Prospects
9.6.5.4. South Korea
9.6.5.4.1. Market Trends and Opportunities
9.6.5.4.2. Growth Prospects
9.6.5.5. Indonesia
9.6.5.5.1. Market Trends and Opportunities
9.6.5.5.2. Growth Prospects
9.6.5.6. Taiwan
9.6.5.6.1. Market Trends and Opportunities
9.6.5.6.2. Growth Prospects
9.6.5.7. Thailand
9.6.5.7.1. Market Trends and Opportunities
9.6.5.7.2. Growth Prospects
9.6.5.8. Others
9.6.5.8.1. Market Trends and Opportunities
9.6.5.8.2. Growth Prospects
10. COMPETITIVE ENVIRONMENT AND ANALYSIS
10.1. Major Players and Strategy Analysis
10.2. Market Share Analysis
10.3. Mergers, Acquisition, Agreements, and Collaborations
10.4. Competitive Dashboard
11. COMPANY PROFILES
11.1. KEMET Corporation
11.2. Yageo Corporation
11.3. TDK Corporation
11.4. Vishay Intertechnology, Inc.
11.5. Murata Manufacturing Co., Ltd.
11.6. Nichicon Corporation
11.7. Taiyo Yuden Co., Ltd.
11.8. Nippon Chemi-Con Corporation
11.9. Panasonic
11.10. Walsin
KEMET Corporation
Yageo Corporation
TDK Corporation
Vishay Intertechnology, Inc.
Murata Manufacturing Co., Ltd.
Taiyo Yuden Co., Ltd.
Nippon Chemi-Con Corporation
Panasonic
Walsin
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