The Brazilian electric capacitor market is estimated to be valued at US$308.403 million for the year 2020.
An electric capacitor, like a rechargeable battery, has the ability to store energy in the form of electrical charge while producing a static voltage across its plates. Because of its simple charging and discharging characteristics and lightweight, it has effectively supplanted traditional batteries. The rising demand for consumer electronics is one of the major factors contributing to the market growth of electric capacitors in Brazil. As the living standards of people are increasing in Brazil, the demand for consumer electronics is also increasing in the market. The electric capacitor is a major component in almost every electronic device, and the hike in the demand for electronic devices in the market is also positively influencing the market growth of electric capacitors. The penetration of automation and electronics in every industry is also giving potential to the market growth of electric capacitors. The developing economy of Brazil is encouraging technological and industrial development in the country. The support provided by the Brazilian government for developments and research in the electronic field is also resulting in technological developments and advancements in the country.
The outbreak of the COVID-19 pandemic severely affected the market growth of electric capacitors in Brazil. The lockdowns and isolations imposed by the Brazilian government to prevent the spread of the COVID-19 pandemic have adversely affected the market growth of electric capacitors in Brazil. the closure of electronic device production units and manufacturing plants has resulted in a decrease in market growth. As the manufacturing plants for electronic devices shut down in Brazil, the demand for electric capacitors also declined. The regulations imposed on transportation led to supply chain disruption in the electronic industry, which also negatively affected the import and export rate of electronic equipment inside and outside Brazil, leading to the decline of Brazil's electric capacitor market.
Rising demand for consumer electronics
The rising demand for consumer electronics is one of the major factors driving the growth of Brazil's electric capacitor market. The rise in disposable income and increasing living standards of people are resulting in more purchasing power and a rise in demand for electronic products. According to the reports of the CCBA (Confederation of Commercial and Business Associations of Brazil) sales of home appliances and consumer electronics in physical locations totaled almost 57.44 billion dollars in 2019. The increasing working-class population is also resulting in the increased purchase of electronic devices, which in turn leads to the growth of Brazil's electric capacitor market.
Rising penetration of automation and government support
The rising penetration of automation and the support of the government are two of the major factors contributing to the potential growth of Brazil's electric capacitor market. As Brazil is an emerging economy, the government of Brazil is showing support for new ventures and developments in Brazil, which is boosting the development and market growth of electronic products in Brazil, which results in the rising market demand for electric capacitors. Large investments in electronic sectors and other industries are expected to bring drastic growth in the electric capacitor market of Brazil during the forecast period.
|Market size value in 2020||US$308.403 million|
|Growth Rate||CAGR during the forecast period|
|Forecast Unit (Value)||USD Million|
|Segments covered||Type, Polarization, Voltage, And End Users|
|Companies covered||KEMET Corporation, TDK Corporation, Yageo Corporation, Nichicon Corporation, Murata Manufacturing Co., Ltd., Cornell Dubilier (CDE), ROHM Co., Ltd.|
|Customization scope||Free report customization with purchase|
Murata Manufacturing Co., Ltd.
Cornell Dubilier (CDE)
ROHM Co., Ltd.
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