Knowledge Sourcing Intelligence announces the publication of a new analysis report on the “Aluminum Electrolytic Capacitor Market - Forecasted from 2019 to 2026”.
The prime factor driving the growth of the aluminum electrolytic capacitor market is the rising demand for Electric vehicles, as it is seen as the vehicles of future, where aluminum electrolytic capacitor is been widely used. The miniaturization of electronic devices is also driving the growth of aluminum electrolytic capacitor market.
As per the report, the Aluminum Electrolytic Capacitor Market is projected to grow at a CAGR of 1.56% to reach US$7,111.326 million by 2026, from US$6,379.323 million in 2019.
Aluminum electrolytic capacitors are one of the most accepted and widely used capacitors in new emerging electronic devices. Aluminum electrolytic capacitors are referred as one of the capacitors having high volumetric capacitance. The high volumetric capacitance property of Aluminum Electrolytic Capacitors increases its use in the electric cars and emerging miniature electronic devices. Production of electric cars is one of the fields in which aluminum electrolytic capacitors service is employed. Compared to normal capacitors, the anode electrode of aluminum electrolytic capacitor is made of pure aluminum foil. The high capacitance property with less size, enables the use and demand for aluminum capacitors in miniature electronic devices. The scope of electric cars in future and development of miniature electronic devices is rising the demand for aluminum electrolytic capacitor in the global market.
Based on component type, the aluminum electrolytic capacitor market can be segmented as solid aluminum electrolytic capacitors and non-solid aluminum electrolytic capacitors. The both types of market segment are highly in demand and of production in the market.
Based on voltage is one of the major segmentation criteria of aluminum electrolytic capacitor market. Depending on voltage, aluminum electrolytic capacitor is segmented as aluminum capacitor with high voltage and aluminum capacitor with low voltage. Depending on application high voltage, capacitor is employed in electric cars and large devices, where low voltage capacitor is employed in miniature electronic devices.
Based on industry vertical, the aluminum electrolytic capacitor market is classified or segmented in different sections like communication and technology, energy and power, consumer electronics, automotive and others.
Based on geography segmentation, the market of aluminum electrolytic capacitor market is segmented into North America, South America, Europe, Middle East and Africa, Asia Pacific and others. The presence of electronic giant companies based on China, Japan, and South Korea makes the Asia Pacific a leading market by region in the global aluminum electrolytic capacitor market. Followed by the demand of the aluminum electrolytic capacitor market in North America and Europe.
As a part of the report, the major players operating in the aluminum electrolytic capacitor market, that have been covered are Murata Manufacturing Co., Ltd., Cornell Dubilier, KEMET Corporation, Vishay Inter technology, TDK Corporation, Wurth Elektronik GmbH & Co., KG, Panasonic Corporation, Nichicon Corporation, Vicor Corporation, Illinois Capacitor, Inc., Nippon Chemi-Con Corporation etc.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/aluminum-electrolytic-capacitor-market
This analytics report segments the aluminum electrolytic capacitor market on the following basis