The aluminum electrolytic capacitor market is projected to grow at a CAGR of 2.09% to reach US$7,036.995 million by 2024, from US$6,215.604 million in 2018. Aluminium electrolytic capacitor is one of the most widely used capacitors across industry verticals including communication and technology, energy and power, automotive, and consumer electronics among many others. Rising automotive production coupled with the growing adoption of various consumer electronic devices including smartphone, televisions, and tablets among other will boost the demand for these capacitors. Geographically, Asia Pacific is one of the most attractive markets owing to booming automotive production, rising disposable, improvement in the standard or living and growing demand for internet connectivity. The Asia Pacific aluminum electrolytic capacitor market will grow at an impressive CAGR over the forecast period.
Rising production of electric vehicles
Growing investment in renewable energy
Availability of substitutes
Fluctuating prices of raw materials.
In June 2017, US-based Company Cornell Dubilier Electronics, Inc. (CDE) announced the development of a line of axial-lead aluminum electrolytic capacitors for high-performance applications with longer shelf life.
The major players profiled in the aluminum electrolytic capacitor market include Kemet, Vishay Intertechnology, Nichicon Corporation, and Nippon Chemi-Con Corporation among others.
The aluminum electrolytic capacitor market has been analyzed through the following segments:
By Industry Vertical
Communication and Technology
Energy and Power
Middle East and Africa