Japan electric capacitors market was evaluated at US$1,696.240 million in 2020.
Growing demand for electric capacitors across the automotive industry and rising demand for supercapacitors in the electronics industry of the country are projected to drive the market growth. Moreover, the initiative taken by the government to boost electric vehicle production is anticipated to drive the market growth further. The Japanese electric capacitor market is segmented into – By Type, By Polarization, By Voltage, By Industry Vertical, and By Geography. By Type, the market is segmented into- aluminium, ceramic, tantalum, paper and film, supercapacitor, and others.
Japan Electric Capacitors Market, By Type
One of the prime reasons supporting the growth of the electric capacitors market is the growing demand for supercapacitors across the consumer electronics and automotive industry of Japan. Supercapacitors are used in electronic devices such as laptops, smartphones, LED lights, wearable devices, GPS Chips, etc. Rapid growth in the consumer electronics industry of Japan is expected to surge the demand for supercapacitors which in turn is anticipated to drive the growth of the overall market. Moreover, rising innovations and initiatives taken by the country's government are projected to fuel the market growth. For instance, Tokyo has invited semiconductor manufacturers from various developed countries to set their bases in Japan. Japan is targeting to become a leader in the electric capacitors market and wants to demolish China's hegemony in the world electronics market. Muarat, a Japanese capacitor manufacturing giant which is also the world’s largest capacitor manufacturer, has decided to shift its production facility out of China. Additionally, Japan has installed large supercapacitors (4MW systems) in their commercial buildings to decrease the grid consumption at peak demand and ease loading. Based on the above scenario, it can be predicted that Japan is going to be the next big market for electric capacitors.
Japan Electric Capacitors Market by Industry Vertical
The Japanese economy is majorly supported by its transportation infrastructure and is evolving along with the growth of other industries. Additionally, Japan is making efforts the development of electric vehicle mobility. For instance, Toyota, the biggest motor vehicle company in the country, has partnered with Mazda to increase the development of electric vehicle technology which has increased the demand for electric capacitors across the country and is predicted to drive the market growth during the next few years. Furthermore, initiatives taken by the Japanese government to sell all new electric and hybrid vehicles by the end of 2050 and to offer subsidies to increase the development of batteries and motors for electric vehicles are expected to have a positive impact on the overall market growth owing to the massive demand of electric capacitors across the automotive industry of the country. The government of Japan is targeting to reduce greenhouse gas emissions from vehicles and to support this aim, the Japanese trucks and bus manufacturers are focusing on the production of electric vehicles that can help the government to achieve the target. All this scenario predicted that there would be a surge in demand for electric capacitors in the automotive industry across the country.
The COVID-19 pandemic has negatively impacted the growth of Japan's electric capacitor market. During the pandemic, the power sector and automotive industry of the country were severely affected due to supply chain disruptions because of the strict lockdown restriction imposed by the government of various countries. With the outbreak of COVID-19, all the manufacturing units in Japan were shut down, which slowed down the overall market growth.
The Japanese electric capacitor market has been analyzed through the following segments:
Nippon Chemi-Con Corporation
Murata Manufacturing Co., Ltd.
Shizuki Electric Co., Inc.
Taiyo Yuden Co., Ltd.
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