Aluminum Electrolytic Capacitor Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Solid, Non-Solid), By Configuration (Radial Leaded Aluminum Capacitor, Vertical Chip Capacitor (V-Chip), Horizontal Chip Capacitor (H-Chip), Screw Terminal (Large Can), Snap-In/Snap-Mount Aluminum Capacitor), By Voltage (High voltage, Low voltage), By Industry Vertical (Consumer Electronics, Communication and Technology, Energy and Power, Automotive, Others), And By Geography - Forecasts From 2023 To 2028
- Published : Jul 2023
- Report Code : KSI061611684
- Pages : 210
The global aluminum electrolytic capacitor market is anticipated to reach US$8,788.879 million by 2028 from US$6,159.013 million in 2020 with a CAGR of 4.54%.
Aluminum electrolytic capacitors are one of the most widely used electrolytic capacitors in which the anode electrode is made of pure aluminum foil and the capacitors have high volumetric capacitance. Electric vehicles are being seen as the future of vehicles and as a result, the electric vehicles market is witnessing significant growth, and as aluminum electrolytic capacitors are widely being used in electric vehicles, it is anticipated to propel the growth of the aluminum capacitor market during the forecast period. Also, as the miniaturization of electronic devices is on the rise, the demand for aluminum electrolytic capacitors has increased, which is projected to elevate the growth of the aluminum electrolytic capacitor market in the coming years. With the rising demand, various companies have been launching new and innovative products in the market which is further anticipated to contribute to market growth. For instance, in November 2020, TDK launched a series of high CV aluminum electrolytic capacitors which feature snap-in terminals to facilitate easy PCB mounting.
The recent outbreak of the novel coronavirus disease harmed the aluminum electrolytic capacitor market. Due to the lockdowns implemented in most parts of the world, the supply chain of the market was impacted. The factories were shut down and there was a shortage of workers even in places where there was no lockdown, which led to a decline in the aluminum electrolytic capacitor market in the year 2020. But the effect was short-term and the market is anticipated to continue growing at its normal pace once the situation gets normal.
Rise of electric vehicles
Electrolytic capacitors are used in electric vehicles for high-density power delivery, and aluminum electrolytic capacitors are preferred due to their high efficiency. This is the reason why, with the rise in the usage of electric vehicles, the growth of the aluminum electrolytic market is anticipated to surge during the forecasting period. According to IEA, electric cars witnessed global sales of 2.1 million in 2019 and exceeded the sales of 2018 which were considered a record year. Also, electric cars witnessed a substantial year-on-year increase of 40%. The year 2020 saw an increase in electric car sales by 43% over 2019 despite the pandemic. Only 10 thousand electric cars were there on the road in 2010 which rose to more than 10 million in 2020. Many countries have been developing the charging infrastructure in their country at a substantial rate to provide an appropriate infrastructural environment for the rise in electric car sales. In the year 2019, the number of publicly accessible chargers rose by 60% which shows how the future is being seen in electric vehicles. Up to 2020, 17 countries had announced the target to achieve 100% zero-emission or the complete phasing out of internal combustion engines in 2020. Furthermore, owing to climate change concerns and to comply with sustainable development goals, governments of countries around the world have launched policies to replace traditional vehicles with electric vehicles. IEA also states that in the year 2020, the government spending on incentives for electric cars saw a year-on-year increase of 25% with governments around the world spending a total of USD 14 billion on direct purchase incentives and tax deductions for electric cars. With such a rapid increase in the growth of electric vehicles, the demand for an aluminum electrolytic capacitor is increasing for a highly efficient power delivery, which is anticipated to propel the growth of the aluminum electrolytic capacitors market during the forecast period.
Miniaturization of electronic devices
The size of electronic devices is getting smaller and smaller over the years, which is one of the prominent factors anticipated to propel the growth of aluminum electrolytic capacitors during the forecast period. There is increased demand for the miniaturization of electronic devices, such as mobile devices, medical devices, touch screens and displays, and other electronic devices. The manufacturers are eying for enhanced product sophistication, performance, and market penetration owing to which miniaturized electronic devices are being produced. The aluminum electrolytic capacitors are ideal to use in miniaturized electronic devices. In comparison to other electrolytic capacitance, aluminum capacitors provide a much higher level of capacitance for a given volume, which implies that high-value electrolytic capacitors can be relatively small. Due to this, with the increase in the miniaturization of electronic devices, the demand for aluminum electrolytic capacitors is increasing and is anticipated to surge the growth of the aluminum electrolytic market during the forecast period.
Asia Pacific dominates the market share
Geographically, the Asia Pacific region is anticipated to hold a significant market share and is projected to witness substantial growth owing to the presence of large-scale manufacturers of electronic devices in the region such as China, Hong Kong, and South Korea, among others, and the rise in manufacturing. North America is also anticipated to witness considerable market growth owing to the growing investments in power and energy.
Competitive Insights
Prominent/major key market players in the aluminum electrolytic capacitor market include Murata Manufacturing Co., Ltd., Cornell Dubilier, and KEMET Corporation, among others. The players in the aluminum electrolytic capacitor market are implementing various growth strategies to gain a competitive advantage over their competitors in this market. Major market players in the market have been covered along with their relative competitive strategies and the report also mentions recent deals and investments of different market players over the last few years. The company profiles section details the business overview, financial performance (public companies) for the past few years, key products and services being offered along with the recent deals and investments of these important players in the aluminum electrolytic capacitor market.
Aluminum Electrolytic Capacitor Market Scope:
Report Metric | Details |
Market Size Value in 2020 | US$6,159.013 million |
Market Size Value in 2028 | US$8,788.879 million |
Growth Rate | CAGR of 4.54% from 2020 to 2028 |
Base Year | 2020 |
Forecast Period | 2023–2028 |
Forecast Unit (Value) | USD Million |
Segments Covered | Type, Configuration, Voltage, Industry Vertical, And Geography |
Regions Covered | North America, South America, Europe, Middle East and Africa, Asia Pacific |
Companies Covered | Murata Manufacturing Co., Ltd., Cornell Dubilier, Kemet Corporation, Vishay Intertechnology, Inc., Tdk Corporation, Wurth Elektronik Gmbh & Co., Kg, Panasonic Corporation, Nichicon Corporation, and more. |
Customization Scope | Free report customization with purchase |
Market Segmentation:
-
By Type
- Solid
- Non-Solid
-
By Configuration
- Radial Leaded Aluminum Capacitor
- Vertical Chip Capacitor (V-Chip)
- Horizontal Chip Capacitor (H-Chip)
- Screw Terminal (Large Can)
- Snap-In/Snap-Mount Aluminum Capacitor
-
By Voltage
- High voltage
- Low voltage
-
By Industry Vertical
- Communication and Technology
- Energy and Power
- Consumer electronics
- Automotive
- Others
-
By Geography
-
North America
- USA
- Canada
- Mexico
-
South America
- Brazil
- Argentina
- Others
-
Europe
- Germany
- France
- UK
- Others
-
Middle East and Africa
- Saudi Arabia
- UAE
- Others
-
Asia Pacific
- China
- India
- Japan
- South Korea
- Taiwan
- Thailand
- Indonesia
- Others
-
Frequently Asked Questions (FAQs)
The aluminum electrolytic capacitor market is anticipated to reach a market size of US$8,788.879 million in 2028.
Aluminum Electrolytic Capacitor Market was valued at US$6,159.013 million in 2020.
The global aluminum electrolytic capacitor market is anticipated to grow at a CAGR of 4.54% during the forecast period.
Geographically, the Asia Pacific region is anticipated to hold a significant share of the aluminum electrolytic capacitor market.
Electric vehicles are being seen as the future of vehicles and as a result, the electric vehicles market is witnessing significant growth, and as aluminum electrolytic capacitors are widely being used in electric vehicles, it is anticipated to propel the aluminum electrolytic capacitor market growth.
1. INTRODUCTION
1.1. MARKET OVERVIEW
1.2. COVID-19 IMPACT
1.3. DEFINITION
1.4. SCOPE OF THE STUDY
1.5. CURRENCY
1.6. SEGMENTATION
1.7. ASSUMPTIONS
1.8. BASE, AND FORECAST YEARS TIMELINE
2. RESEARCH METHODOLOGY
2.1. RESEARCH DESIGN
2.2. SECONDARY SOURCES
2.3. VALIDATION
3. KEY FINDINGS
3.1. RESEARCH HIGHLIGHTS
4. MARKET DYNAMICS
4.1. DRIVERS
4.1.1. RISING ADOPTION OF ELECTRIC VEHICLES
4.1.2. GROWING 5G BASE STATIONS
4.2. RESTRAINTS
4.2.1. FLUCTUATING RAW MATERIALS PRICES
4.2.2. AVAILABILITY OF SUBSTITUTES
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
5. ALUMINUM ELECTROLYTIC CAPACITOR MARKET BY TYPE
5.1. INTRODUCTION
5.2. SOLID
5.3. NON-SOLID
6. ALUMINUM ELECTROLYTIC CAPACITOR MARKET BY CONFIGURATION
6.1. INTRODUCTION
6.2. RADIAL LEADED ALUMINUM CAPACITOR
6.3. VERTICAL CHIP CAPACITOR (V-CHIP)
6.4. HORIZONTAL CHIP CAPACITOR (H-CHIP)
6.5. SCREW TERMINAL (LARGE CAN)
6.6. SNAP-IN/SNAP-MOUNT ALUMINUM CAPACITOR
7. ALUMINUM ELECTROLYTIC CAPACITOR MARKET BY VOLTAGE
7.1. INTRODUCTION
7.2. HIGH VOLTAGE
7.3. LOW VOLTAGE
8. ALUMINUM ELECTROLYTIC CAPACITOR MARKET BY INDUSTRY VERTICAL
8.1. INTRODUCTION
8.2. COMMUNICATION AND TECHNOLOGY
8.3. ENERGY AND POWER
8.4. CONSUMER ELECTRONICS
8.5. AUTOMOTIVE
8.6. OTHERS
9. ALUMINUM ELECTROLYTIC CAPACITOR MARKET BY GEOGRAPHY
9.1. INTRODUCTION
9.2 NORTH AMERICA
9.2.1. BY TYPE
9.2.2. BY VOLTAGE
9.2.3. BY INDUSTRY VERTICAL
9.2.4. BY COUNTRY
9.2.4.1. UNITED STATES
9.2.4.2. CANADA
9.2.4.3. MEXICO
9.3. SOUTH AMERICA
9.3.1. BY TYPE
9.3.2. BY VOLTAGE
9.3.3. BY INDUSTRY VERTICAL
9.3.4. BY COUNTRY
9.3.4.1. BRAZIL
9.3.4.2. ARGENTINA
9.3.4.3. OTHERS
9.4. EUROPE
9.4.1. BY TYPE
9.4.2. BY VOLTAGE
9.4.3. BY INDUSTRY VERTICAL
9.4.4. BY COUNTRY
9.4.4.1. GERMANY
9.4.4.2. FRANCE
9.4.4.3. UNITED KINGDOM
9.4.4.4. OTHERS
9.5. MIDDLE EAST AND AFRICA
9.5.1. BY TYPE
9.5.2. BY VOLTAGE
9.5.3. BY INDUSTRY VERTICAL
9.5.4. BY COUNTRY
9.5.4.1. SAUDI ARABIA
9.5.4.2. UAE
9.5.4.3. OTHERS
9.6. ASIA PACIFIC
9.6.1. BY TYPE
9.6.2. BY VOLTAGE
9.6.3. BY INDUSTRY VERTICAL
9.6.4. BY COUNTRY
9.6.4.1. CHINA
9.6.4.2. INDIA
9.6.4.3. JAPAN
9.6.4.4. SOUTH KOREA
9.6.4.5. TAIWAN
9.6.4.6. THAILAND
9.6.4.7. OTHERS
10. COMPETITIVE ENVIRONMENT AND ANALYSIS
10.1. MAJOR PLAYERS AND STRATEGY ANALYSIS
10.2. EMERGING PLAYERS AND MARKET LUCRATIVENESS
10.3. MERGERS, ACQUISITIONS, AGREEMENTS, AND COLLABORATIONS
10.4. VENDOR COMPETITIVENESS MATRIX
11. COMPANY PROFILES
11.1. MURATA MANUFACTURING CO., LTD.
11.1.1. OVERVIEW
11.1.2. PRODUCTS AND SERVICES
11.1.3. FINANCIALS
11.1.4. RECENT DEVELOPMENTS
11.2. CORNELL DUBILIER
11.2.1. OVERVIEW
11.2.2. PRODUCTS AND SERVICES
11.2.3. RECENT DEVELOPMENTS
11.3. KEMET CORPORATION
11.3.1. OVERVIEW
11.3.2. PRODUCTS AND SERVICES
11.3.3. FINANCIALS
11.3.4. RECENT DEVELOPMENTS
11.4. VISHAY INTERTECHNOLOGY, INC.
11.4.1. OVERVIEW
11.4.2. PRODUCTS AND SERVICES
11.4.3. FINANCIALS
11.4.4. RECENT DEVELOPMENTS
11.5. TDK CORPORATION
11.5.1. OVERVIEW
11.5.2. PRODUCTS AND SERVICES
11.5.3. FINANCIALS
11.5.4. RECENT DEVELOPMENTS
11.6. WURTH ELEKTRONIK GMBH & CO., KG
11.6.1. OVERVIEW
11.6.2. PRODUCTS AND SERVICES
11.6.3. FINANCIALS
11.7. PANASONIC CORPORATION
11.7.1. OVERVIEW
11.7.2. PRODUCTS AND SERVICES
11.7.3. FINANCIALS
11.7.4. RECENT DEVELOPMENTS
11.8. NICHICON CORPORATION
11.8.1. OVERVIEW
11.8.2. PRODUCTS AND SERVICES
11.8.3. FINANCIALS
11.8.4. RECENT DEVELOPMENTS
11.9. VICOR CORPORATION
11.9.1. OVERVIEW
11.9.2. PRODUCTS AND SERVICES
11.9.3. FINANCIALS
11.10. NANTONG JIANGHAI CAPACITOR CO., LTD.
11.10.1. OVERVIEW
11.10.2. PRODUCTS AND SERVICES
11.10.3. FINANCIALS
11.11. NIPPON CHEMI-CON CORPORATION
11.11.1. OVERVIEW
11.11.2. PRODUCTS AND SERVICES
11.11.3. FINANCIALS
11.11.4. RECENT DEVELOPMENTS
11.12. AIC TECH INC.
11.12.1. OVERVIEW
11.12.2. PRODUCTS AND SERVICES
11.13. SUN ELECTRONIC INDUSTRIES CORPORATION
11.13.1. OVERVIEW
11.13.2. PRODUCTS AND SERVICES
11.14. RUBYCON CORPORATION
11.14.1. OVERVIEW
11.14.2. PRODUCTS AND SERVICES
11.14.3. RECENT DEVELOPMENTS
11.15. MAN YUE TECHNOLOGY HOLDINGS LIMITED
11.15.1. OVERVIEW
11.15.2. PRODUCTS AND SERVICES
11.15.3. FINANCIALS
MURATA MANUFACTURING CO., LTD.
CORNELL DUBILIER
VISHAY INTERTECHNOLOGY, INC.
TDK CORPORATION
WURTH ELEKTRONIK GMBH & CO., KG
PANASONIC CORPORATION
NICHICON CORPORATION
VICOR CORPORATION
NANTONG JIANGHAI CAPACITOR CO., LTD.
NIPPON CHEMI-CON CORPORATION
AIC TECH INC.
SUN ELECTRONIC INDUSTRIES CORPORATION
RUBYCON CORPORATION
MAN YUE TECHNOLOGY HOLDINGS LIMITED
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