Germany 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 Voltage (High Voltage, Low Voltage), And By Industry Vertical (Consumer Electronics, Automotive, Communication & Technology, Energy & Power, Industrial Electronics, Others) - Forecasts From 2022 To 2027

Germany electric capacitor market is estimated to be valued at US$381.071 million in 2020.

Introduction

Electric capacitors are electronic components that store and release electricity. A capacitor is almost usually included in an electrical circuit because it is a necessary component of electronic equipment. Because of its simple charging and discharging characteristics and lightweight, it has effectively supplanted traditional batteries. With the growth of technology, capacitors have become a crucial component in constructing almost every electronic gadget. Rising consumer and wearable electronics demand, as well as increased use of thermoplastic capacitors in industrial and electrical equipment, has boosted the capacitor market in this region. With the surging use of automation in various industries, the need for electric capacitors would rise.

Market Trend

The electric capacitor dominates the market because of its higher capacitance value. Electric capacitors are a vital part of a circuit designer's inventory because they offer low size, high capacitance, and low cost compared to other capacitors. The electric capacitor industry is rising as a result of its extended service life and low cost. On the market, there is a plentiful supply of raw materials, as well as diverse construction and connection kinds and a highly automated manufacturing process. Limited energy storage, on the other hand, may restrict market expansion due to its 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; because of these limitations, market expansion may be hampered. Electric capacitors are also an essential component in circuit design since they can give high capacitance for a small-size capacitor if positioned appropriately. Due to increased consumer durable demand, the need for electric capacitors is predicted to increase rapidly, thus creating opportunities in the electric capacitor market. According to the Observatory of economic complexity, In Europe, Germany is the highest exporter and importer of electric capacitors and stands third worldwide.

Growth Factors

• Rise of electric vehicles

For high-density power supply, electrolytic capacitors are utilized in electric vehicles, and aluminium electrolytic capacitors are favoured due to their remarkable efficiency. This is why, as the use of electric vehicles grows, the aluminium electrolytic market is expected to grow at a rapid pace during the forecasted period. Growing awareness of concerns about vehicle emissions, such as Carbon dioxide, cheaper operating and maintenance costs, and more government and environmental agency initiatives to encourage the adoption of electric vehicles will all contribute to the region's high-performance electric vehicle market's growth.

The German government and automakers work hard to make Germany Europe's largest market and producer. They are cooperating to ensure that electric vehicles are broadly accepted throughout. In 2019, the German government and major automobile firms signed an agreement to promote the widespread production of electric vehicles in the country. The rising trend of electrification in the automotive sector, along with rising gasoline prices, has led to an increase in electric car sales in nations such as Germany, the United Kingdom, France, and others. According to a study conducted by the International Energy Agency, in 2021, Germany will have the largest electric car market in Europe, with more than one in every three new cars sold in November and December being electric. Germany had by far the largest market share among large European markets, at 25%.

• Electronic device miniaturization:

Miniaturization of electronic equipment, such as mobile phones, medical gadgets, touch screens, displays, and other electronic devices, is becoming more popular. Miniaturized electronic devices are being manufactured to increase product sophistication, performance, and market penetration for manufacturers. As a result of this, as electronic devices become smaller, the need for aluminium electrolytic capacitors is increasing, and the aluminium electrolytic market is expected to rise at a faster rate throughout the projected period.

Restraint

• Capacitor Manufacturing Costs: Fixed and Variable:

To improve profitability, vendors concentrate primarily on variable costs such as raw materials, labor, variable overhead, and manufacturing expenses. In the case of supercapacitors, the use of activated carbon to cover the electrodes accounts for approximately half of the material cost. Leading industry titans are concentrating their efforts on reducing material costs to achieve better results. Because most countries import electric capacitors from Japan and China, the overall cost eliminates price elasticity for most countries. Since Germany is at par with their exports and import data, gradually, with more exports, the total costs for the company should decline over the forecasted period.

Impact of COVID-19 Pandemic:

Germany, under lockdown, suffered losses of business and revenue as manufacturing units were shut down and production came to a standstill. Logistics of consumer electronics and automobile manufacturing industries suffered heavy losses, thereby slowing the growth for the period. However, due to work from home situation, demand for high-valued goods was relatively high such as Pcs and servers. After the lockdown, manufacturing units began operations, and countries were able to cater to clients worldwide.

 Segmentation:

• By Type
  • Aluminum
  • Ceramic
  • Tantalum
  • Paper & film
  • Supercapacitor
  • Others
• By Polarization
  • Polarized
  • Non-Polarized
• By Voltage
  • High
  • Low
• By Industry vertical
  • Consumer Electronics
  • Automotive
  • Communication & Technology
  • Energy & Power
  • Industrial Electronics
  • Others

---