The electric capacitor market is estimated to be valued at US$19,490.671 million in 2019. The 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, discharging characteristics, and lightweight traits, it has effectively supplanted traditional batteries. Capacitors have become a crucial component in the construction of 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 growth will be fueled by technological developments in the consumer electronics industry, as well as increased deployment across applications necessitating a mix of high capacitance and voltage in the automotive and power industries.
The surge in demand for electric capacitors is primarily due to the increasing adoption of smartphones and laptops. Smartphone shipments are expected to reach 1.38 billion units in 2021, up 7.7% from 2020, according to the IDC Worldwide Quarterly Mobile Phone Tracker. This trend is predicted to continue into 2022, when exports will total 1.43 billion, up 3.8 percent year over year. In addition, consumer electronics and appliance sales climbed by 23.5 percent in the third quarter of FY21 compared to the same period in the previous fiscal year, according to the Retailers Association of India (RAI). According to IDC, 2.9 million PCs were shipped in the fourth quarter of FY20, with laptops accounting for more than three-quarters of overall shipments, up 62.1 percent year over year. Aluminum electric capacitors are employed in electric vehicles because of the high power supply. As a result, the electric capacitor market is likely to expand as the use of electric vehicles grows. According to the International Energy Agency, global sales of electric vehicles increased to 2.1 million in 2019, up from the record year of 2018. In addition, year over year, the number of electric vehicles sold climbed by 40%. Moreover, in 2020, government spending on electric vehicle incentives climbed by 25% year over year, with governments around the world spending a total of US$14 billion on tax concessions and direct purchase incentives for electric vehicles.
Increasing research and development investments, as well as strategic collaborations and acquisitions, will boost market expansion throughout the forecast period. For instance, PolyCharge America, a capacitor technology business, announced in August 2019 that it had secured a strategic investment from SFM Holdings, a Mursix Corporation investment arm, to commercialize NanoLamTM capacitor products and expedite the transition to sustainable mobility. Similarly, The B43548 series of EPCOS aluminum electrolytic capacitors with snap-on terminals was introduced by TDK Corporation in February 2021. The capacitors' maximum ripple current capability is 9.80 A. As a result, the products are excellent for power electronics applications that require great performance.
However, 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 right capacitance and may cause internal gas pressure, which could result in an explosion, and as a result of these limitations, market expansion may be hampered.
By region, North America and the Asia Pacific are expected to hold a significant share in the electric capacitor market during the forecast period.
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 demand for electric capacitors in the region. Moreover, rising consumer interest in smart devices such as smart TVs and smart wearables, rising disposable income, continued product innovation, and the presence of key market players in this region are all contributing to the global electronics market's growth, and thus the electric capacitors market's expansion.
North America is predicted to have a significant market increase due to rising investments in power and energy. In addition, according to the Edison Electric Institute, more than 1.18 million electric vehicles were on the road in the United States as of March 2019.
COVID-19 had a wide range of consequences in a variety of industries. The consumer electronics sector had a beneficial impact on market demand in 2020 as a result of the spike in smartphone and PC growth during the pandemic. However, due to the closure of industrial facilities due to workforce shortages, work-from-home policies, and lockdown actions, the market in several industries shrank marginally in 2020. As a result, the growth of the electric capacitor market slowed slightly in 2020.
|Market size value in 2019||US$19,490.671 million|
|Growth Rate||CAGR of during the forecast period|
|Forecast Unit (Value)||USD Million|
|Segments covered||Type, Polarization, Voltage, Industry Vertical, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||KEMET Corporation, Yageo Corporation, TDK Corporation, Vishay Intertechnology, Inc., Murata Manufacturing Co., Ltd., Nichicon Corporation, Taiyo Yuden Co., Ltd., Nippon Chemi-Con Corporation, Panasonic, Walsin|
|Customization scope||Free report customization with purchase|
Key Market Segments
Frequently Asked Questions (FAQs)
Q1. What is the size of the global electric capacitor market?
A1. Electric Capacitor Market was valued at US$19,490.671 million in 2019.
Q2. How is the global electric capacitor market segmented?
A2. The global electric capacitor market has been segmented based on type, polarization, voltage, industry vertical, and geography.
Q3. Who are the major players in the electric capacitor market?
A3. Major market players in the electric capacitor market include KEMET Corporation, Yageo Corporation, TDK Corporation, Vishay Intertechnology, Inc., Murata Manufacturing Co., Ltd., among others.
Q4. Which region holds the maximum market share of the electric capacitor market?
A4. North America and the Asia Pacific are expected to hold a significant share in the electric capacitor market.
Q5. What factors are anticipated to drive the electric capacitor market growth?
A5. The surge in demand for electric capacitors is primarily due to the increasing adoption of smartphones and laptops.
1.1. Market Definition
1.2. Market Segmentation
2. RESEARCH METHODOLOGY
2.1. Research Data
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Powers of Buyers
4.3.3. Threat of Substitutes
4.3.4. The threat of New Entrants
4.3.5. Competitive Rivalry in Industry
4.4. Industry Value Chain Analysis
5. ELECTRIC CAPACITOR MARKET, BY TYPE
5.5. Paper And Film
6. ELECTRIC CAPACITOR MARKET, BY POLARIZATION
7. ELECTRIC CAPACITOR MARKET, BY VOLTAGE
7.2. High Voltage
7.3. Low Voltage
8. ELECTRIC CAPACITOR MARKET, BY INDUSTRY VERTICAL
8.2. Consumer Electronics
8.4. Communication & Technology
8.5. Energy & Power
9. ELECTRIC CAPACITOR MARKET, BY GEOGRAPHY
9.2. North America
9.2.1. United States
9.3. South America
9.4.3. United Kingdom
9.5. Middle East and Africa
9.5.1. Saudi Arabia
9.6. Asia Pacific
9.6.3. South Korea
9.6.6. South Korea
10. COMPETITIVE ENVIRONMENT AND ANALYSIS
10.1. Major Players and Strategy Analysis
10.2. Emerging Players and Market Lucrative
10.3. Mergers, Acquisition, Agreements, and Collaborations
10.4. Vendor Competitiveness Matrix
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
Vishay Intertechnology, Inc.
Murata Manufacturing Co., Ltd.
Taiyo Yuden Co., Ltd.
Nippon Chemi-Con Corporation
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