Global electric capacitor market is estimated to grow at a CAGR of 4.95% during the forecast period to reach US$34.738 billion by 2029, from US$24.772 billion in 2022.

The electric capacitors are the components that store electric energy in an electric field. An electric capacitor adds capacitance to an electric circuit. It is also named a condenser. It has two terminals mostly in form of metallic plates. The electric capacitor can be used like a temporary battery whenever disconnected from a charging point or circuit as it stores electric energy. To prevent losing the information in volatile memory, the electric capacitor is used when batteries are charged. 

It converts kinetic energy into electric energy. The group of electric capacitors is used for the supply of huge current pulses. This is done for the application of many pulses of power. The electric capacitors with large size are used as an energy source in the nuclear weapons for the slapper or exploding bridge wire detonators. Certain type of electric capacitors is also used in the power supplies in which they smooth the output of the wave rectifier. Whereas to generate a higher voltage than the input voltage, the electric capacitors are also used in charged pumps.

Demand for High Speed and Long-Lasting Energy Storage Expected to Propel the Global Electric Capacitor Market

The convergence, complexity, and functionality of electronic devices are growing with the advanced innovations in this field. This has paved way for the increase in an increase in the demand for smart components. This factor has been estimated to drive the global electric capacitor market growth. The advancement in the electronic industrial sectors has introduced many new and innovative gadgets. These devices require a large amount of energy storage. Thus, almost every such advanced electronic device prefers an electric capacitor in it. Especially the smartphone consumers prefer smartphones with high battery storage. To top in fulfilling this demand the smartphone industries opt for the best electric capacitors. 

Due to the increase in the per capita income and requirement of digital connectivity the demand for smartphones, tablets, and laptops is rising in the last few years. Developing countries like India also registered a high rate of smartphone usage. An official industrial report in November 2021, stated that the per daytime spent on the mobile phone has increased to an average of five hours. This robust the demand for the high energy storage in the phones. Consumers are ready to pay the cost for long-lasting battery storage smartphones. Hence, with the increase in the demand for smartphones, there is rising demand for electric capacitors from the smartphone industry sector. Therefore, the smartphone industry is estimated to drive the global electric capacitors growth during the forecast period.

In terms of polarization, there are two types of electric capacitors. They are polarized and non-polarized electric capacitors. The ability of the polarized electric capacitor to resist degradation and to retain the product’s operational functionality is one of the unique features of these capacitors which augment their demand. Additionally, polarized electric capacitors also possess the features such as the ability to bear heavy charge along with fast delivery, charge storage, and high capacitance. Likewise, non-polarized electric capacitors are also expected to grow in the forecast period owing to their properties of lower current leakage, high stability, and low losses at high frequency. The application of these products in almost all the sectors such as digital, power transmission, and automotive has attributed to the growth of its overall market in upcoming years.

Urbanization and Low Electronic Cost Drive the Market Growth

Many developing countries have experienced urbanization in the last few years. Thus, the rate of electronic gadget usage is rising day by day. Increasing economic growth in these countries led to an increase in disposable income in these countries. Moreover, the cost of electronic devices has been declining which has made them affordable to purchase. This is estimated to foster the market of low voltage storage devices with eventually attributing to the growth of the electric capacitor market globally in the next few years. Whereas, due to the increase in focus on reducing power loss, to ensure continuous power supply, and efficiency, the market of high voltage electric capacitors is also projected to grow in the future. 

Asia-Pacific Is Expected to Grow at a Faster Pace in the Forecast Period

The demand for electronic devices from consumers in Asian countries is rising and is estimated to rise rapidly in upcoming years. Likewise, the dependency on the technology for day-to-day activities and for commercial developments projects in these countries has expected to fuel the electric capacitor’s demand. This increasing demand for electronic appliances and other electric products has robust the growth in these products in the Asia-Pacific region. Therefore, this has paved the way for growing the market size of the electric capacitor market in the forecast era. 

Whereas Europe is also expected to enhance the electric capacitor market growth in the upcoming years owing to the shift in energy-efficient technology trends along with plans of ambitious governments of these countries to pertain to the reduction in energy emission. Furthermore, the initiatives taken by the European country’s government to promote electric mobility for the adoption of renewable energy systems along with the federal incentives will also robust the electric capacitor market in Europe. 

Recent Developments

in February 2021, TDK corporation announced the launch of a new EPCOS aluminium electric capacitor in its B43548 series. This new electric capacitor has snap-in terminators with a capacity of 9.80 A. They are said to be high in power performance. they are also rated to operate a maximum temperature of around 105 degrees Celsius and a voltage of 400 V.

Analysis of COVID-19 Impact on the Global Electric Capacitor Market

Due to the outbreak of the COVID-19 pandemic, many industrial sectors were shut down for nearly a year. This has declined the production of many industries. Thus, it also affected the production of electric capacitors for a year. This had slowed down the electric capacitor market growth all over the world. However, the steady growth in the demand for electronic devices before and even during the Covid-19 period from the developed countries and the urban area of developing countries has attributed to overcoming the market decline and paved the way for the growth in the electric capacitor market. This is one of the prime reasons to drive the electric capacitor market during the forecast period. 

The Structural Adhesives Market was valued at US$8.689 billion for the year 2020 and is expected to grow at a CAGR of 4.47%, reaching a market size of US$11.798 billion by the year 2027.

Structural adhesives are strong adhesives that harden or cure into materials strong enough to hold two or more substrates together while carrying the forces between the substrates. In an end-use product, these junctions between substrates are crucial because if they break, the structure and functionality of the product could be severely compromised. High-performance structural adhesives are in greater demand because they can enable final end-use goods or components to withstand shock, chemicals, vibration, temperature changes, and other sorts of agents.

Structural adhesives are now being used in the automotive and aerospace sectors to ensure impact resistance and light weight. The automobile industry’s growing use of structural adhesives will likely contribute significantly to the market’s predicted significant growth. The demand for daylight reduction and energy-efficient “smart” buildings from the building and construction sectors is anticipated to increase. The structural adhesive market is experiencing increased demand as a result of the economic expansion in developing nations. However, rising public health concerns and stringent government regulations on VOC emissions are anticipated to have a detrimental effect on market growth.

Lucrative opportunities in the Automotive Sector are driving the Structural Adhesives Market’s Growth.

Fasteners, riveting, welding, and other procedures have been used by stakeholders in the automotive sector to perform commercial activities for many years. In order to create reliable multi-substrate end products, structural adhesives are emerging as a possible replacement for these traditional methods. Structural adhesives are not only more powerful than previous methods, but they also have a number of advantages over them. For example, they are more cost-effective, accelerate the production of autos, and require less technical expertise to operate. For instance, BETAMATE by Dupont is a range of structural adhesives that provide adhesion to automotive substrates like steel, aluminium, magnesium, and composites. It takes the role of welds and mechanical fasteners, which lowers fatigue and failure that are frequently seen with conventional procedures and significantly boosts manufacturing efficiencies.

In order to make cars lighter, structural adhesives were launched as a low-volume substitute in the automotive sector. However, after realising its potential, the auto industry began utilising it for mass production. A growing reliance on high and ultrahigh strength aluminium and steels for body structures, particularly unitized bodies-in-white (BIW), to save weight without compromising crash-mitigating strength or handling-degrading stiffness is driving the growth in the use of structural adhesives. The use of structural adhesives in the automotive industry has also increased in Japan.

Electric vehicles (EVs) have started using structural adhesives as a lightweight substitute for traditional binding materials since they are becoming mindful of the many advantages they offer. The International Energy Agency predicts that sales of electric vehicles will increase from 3 million vehicles in 2017 to 23 million in 2030. The shift toward electric vehicles is likely to increase demand for structural adhesives.

Demand for structural adhesives is rising in the construction industry.

The demand for smart and innovative construction solutions that increase construction’s efficiency and durability is rising due to the significant surge in infrastructure development around the world. Building materials like structural insulated panels offer advantages like simple installation and great construction quality. The need for structural insulated panels in commercial buildings is increased by features including their light weight, superior insulation, and cost effectiveness. Costs associated with mechanically fastened joints can be avoided with the aid of structural adhesives. They thus lower the cost of materials, the quantity of parts, labour costs, and processing time. Additionally, they are simple to administer because they come in a range of packaging and dispensing choices. As the global population has grown exponentially, there has been a significant increase in energy demand. This has led to an increase in the demand for energy generation infrastructure that makes use of structural adhesives to maintain structures that are lightweight, effective, and efficient without sacrificing structural integrity.

The booming construction industry, which uses new materials that require strong adhesion, as well as the use of the product in numerous applications like carpet flooring, drywall lamination, ceramic tile fixing, and so on, due to their affordability and aesthetic appeal, can be attributed to the industry’s growth. For instance, H.B. Fuller Company purchased the construction adhesives supplier, Fourny NV, situated in Belgium, on July 20, 2022. Fourny’s status as a pioneer in the commercial roofing sector, which enables the localization of goods imported from the U.S., is thought to have accelerated H.B. Fuller’s expansion throughout Europe. Construction expenditures are predicted to rise as a result of economic development and population growth. It is anticipated that this will increase the demand for structural adhesives in the construction industry.

Asia-Pacific is expected to hold a major share due to the rapid adoption of adhesives in industrial and automotive manufacturing.

Given the rapid adoption of adhesives in industrial and automotive manufacturing, it has been reported that the Asia-Pacific area holds a considerable market share. Due to the rising sales of consumer electronics, where structural adhesives are used for electronic assemblies, conductive films, and other applications, the Asia-Pacific region is expected to become a lucrative growth market for stakeholders in the upcoming years. A further driving force is the rising need for adhesives in nations like Thailand, India, and China. Other important elements are ease of access, subsidies, and tax incentives from the government.

Furthermore, the National Development and Reform Commission reports that the Chinese government has given the go-ahead for 26 infrastructure projects with a total estimated investment of about USD 42 billion. The expected completion date for these ongoing projects is 2023. The Indian government has put in place a number of initiatives, like the Smart Cities project and Housing for all by 2022, which are anticipated to provide the sluggish construction sector a boost. Over the course of the projection period, the aforementioned elements are anticipated to have an impact on structural adhesive demand in the Asia-Pacific region.

Government restrictions on VOC emissions are anticipated to have a negative effect on market growth.

There are many benefits associated with structural adhesives. However, the majority of structural adhesives are harmful to both the environment and human health. Phthalates and formaldehyde have been shown to be the two most frequently occurring substances in structural adhesives. These two substances are both prone to off-gassing, which means that as they dry, they emit gases. With adverse consequences ranging from skin irritability to liver and kidney damage, these emissions have the potential to have a significant impact on air quality and human health. Although phthalates and formaldehyde are the substances in adhesives that are most frequently cited, there are many other ones as well.

As the demand for eco-friendly or green products in various applications grows, so does the need for green adhesives or those with low VOC. Environmentally friendly adhesives with low VOC levels have been required by REACH (Registration, Evaluation, Authorization, and Restrictions of Chemicals) in Europe, USEPA (United States Environmental Protection Agency), LEED (Leadership in Energy and Environmental Design) in the US, and other regulatory bodies across various regions.

Structural Adhesives Market Scope:

The global metal packaging market size was valued at US$115.829 billion in 2020 and is anticipated to increase at a Compound Annual Growth Rate of 3.18% over the predictive period to reach US$150.510 billion by 2027.

Metal packaging is a type of packaging process composed mostly of metals such as aluminium, and steel. One of the primary factors expected to enhance the global metal packaging market over the forecast period is its recyclability. Aluminum and steel packaging materials are the most durable raw materials for packaging because of their superior recycling infrastructure. Given the increased demand for canned food, particularly in urban areas, the rising popularity of using the product for tinned food is helping to boost consumption. Metal packaging is also commonly used in the fragrances sector due to its capacity to tolerate high pressure and durability, making it a desirable material for deodorants and aerosol sprays.

Benefits of Using Metal Packaging

Preserves Freshness: Canning technique keeps food fresh and nutritious without a lot of additives and chemicals, making canned foods and beverages a nutritional alternative. Nutrients in foods are sealed throughout the canning process, so the amount of vitamins and nutrients in the food is the same on the day it was canned as it is a year afterward.

Eco Friendly: Since metal cans are infinitely recyclable, canned goods are environmentally beneficial. Cans are one of the most recycled products around the world, owing to their sustainable nature.

Provides Strength: Due to the sturdiness and strength of canned products, they can withstand a lot of impacts and damages, which makes them a perfect alternative to traditional plastic packaging.

Products in the Market

Crown Holdings Incorporated has been providing its services to a number of companies. Perio, Inc. collaborated with Crown to create two distinctive, limited-edition shaving cream cans to reflect the upcoming Jurassic World film in support of the long-awaited sequel to Steven Spielberg’s iconic Jurassic Park series.

Crown has collaborated with WD-40 Company to release a number of limited-edition collector aerosol cans, ranging from commemorating American military heroes to celebrating reality TV personality Chip Foose’s latest automobile innovations.

The Ball Aluminum Cup™, produced and marketed by Ball Corporation, has been created as a sustainable alternative to plastic disposable cups. The innovative design of the Ball Aluminum Cup has been increasingly adopted across food and beverage sectors in sports, theatres, and other places. These cups are available in retail outlets and stores across select regions.

Adargh launched a 187ml canned wine product for the British beverage company, NICE.  According to Adargh, the technical characteristics of the wine can range were created to preserve the taste and quality of wine and wine-based beverages, and the new 187ml format, which is a quarter of a standard 75cl bottle, is the desired quantity for casual wine drinkers looking for a suitable single-serve alternative while on the go.

Developments in the Metal Packaging Market

According to a release by Ball Corporation on April 19th, 2022, the company and Novelis Inc. announced that the Ball Aluminum Cup would now be made with 90% recycled content, which would help in fulfilling the company’s goal to decrease its carbon footprint. The cup was released as a sustainable solution for food services and beverage industries across different sectors.

Another report by Ball Corporation on 25th April announced that the Ball Aluminum CupTM was named as the gold wined of the 2022 Edison Awards in the field of Consumer Solutions: Sustainability. Expert reviewers from all over the world chose the Ball Aluminum Cup as the winner after weighing in on more than 350 nominees.

According to a release by Can-pack on 20th January 2022, the company has announced its support to Pivovarna Laško, in a drive to raise awareness about the impact of climate change and global warming. The companies have been working together to find sustainable solutions for the market.

According to a release on 01st December 2021, CCL Container Inc announced that it had won the World Aluminum Aerosol Can Award 2021, in the Prototype category. The products ‘Save the Earth’ and ‘The Matrix’ earned this award for their unique design and printing technology. The appealing cans were created in collaboration with Sun Chemical in response to consumer demand for innovative methods to design aluminum cans.     

North American Region to Lead the Market

Throughout the forecast period, the metal packaging market is likely to be dominated by the North American region. Factors such as increased usage in the food and beverage sector, as well as the need for sustainable and recyclable packaging materials, are expected to drive the market forward. The increased need for metal packaging is due to the expanding market for canned soft drinks, beer, and other beverages as a result of beverage firms’ aggressive marketing methods. Consumers have shifted away from plastic bottles and toward canned goods as their concerns about plastic waste have grown. The increasing deodorant and aerosol spray markets have also reported a significant increase in demand. Furthermore, the rising need for metal packaging in the manufacturing of pharmaceutical equipment has boosted demand for the metal packaging market, which is expected to develop considerably in the area over the predicted period.

Covid-19 Insight

A worldwide economic downturn was precipitated by the COVID-19 pandemic. Since most governments imposed lockdown and social isolation regulations, most firms have experienced significant losses. Due to the closure of key manufacturers and companies, the metal packaging industry also experienced a considerable drop in revenues and demand. The market was hampered by a scarcity of raw materials and a manpower deficit, both of which had a significant impact on the sector. As a result, most key supply and manufacturing lines were affected, resulting in a drop in imports and exports. Due to the tight COVID-19 regulations, the food and beverage industry has also experienced a decline in demand. However, the market is expected to rise as a result of the increasing e-commerce and online shopping trends. Furthermore, the industry is expected to grow considerably as most nations begin to lift their COVID-19 procedures.

Metal Packaging Market Scope:

The global safety relays market is estimated to grow at a CAGR of 7.10% to reach US$880.689 million in 2028 from US$544.814 million in 2021. Safety relays enable the machine to either initiate or execute directions to stop the machine and assist in inspecting and monitoring a safety system. A safety relay is an easy and effective way to comply with safety regulations, ensuring equipment safety and lowering the risk of expensive mishaps or equipment replacement. When connected together, these relays tied to individual functions provide a complete monitoring system for industries. Due to the market’s extensive end-use applications across numerous end-use industrial verticals, it is anticipated to expand rapidly. In order to ensure the safety of industrial processes and workers, there are strict rules in place, such as the OSHA and Machinery Directive, which are also increasing market demand. Additionally, rising concerns regarding the safety and security of industry employees are fueling the market’s expansion.

Siemens, Rockwell Automation, Inc., ABB, SICK AG, Schneider Electric, Panasonic Corporation, Phoenix Contact, OMRON Corporation, Pilz GmbH & Co. KG, and others are a few key major players in the market for safety relays.

Siemens operations span across the sectors of automation, electrification, and digitalization. The business creates, develops, and produces products as well as installs sophisticated systems and projects. It also offers a variety of specially designed solutions for different needs. Siemens specialises in distributed energy systems, intelligent building infrastructure, and power generation and delivery. Munich, Bavaria, Germany, serves as the headquarters for Siemens. Siemens offers safety relays under the brand Sirius. Its wide range includes affordable standard devices as well as innovative safety relays with features like emergency stop shutoff, protective door monitoring, or the suitable protection of presses or punches. Siemens introduced their 3RQ1 series force-guided coupling relays in May 2021 for use in safety-related applications. The 3RQ1 series makes it possible to safely manage brakes and doors in elevators, industrial production facilities, railroad and signalling applications, and other settings.

Rockwell Automation’s products and services include supplying industrial automation power, control, and information solutions. The company provides integrated designed packages and panels, midrange architectural systems, asset and consultancy management, manufacturing intelligence, front-end design and engineering integration services, and on-machine solutions. Its offerings cover discrete control, information solutions, drive systems, machine builders, process solutions, migration solutions, motion solutions, linked and maintenance services, security solutions, and sustainable production. Rockwell Automation offers safety relays under the brand Allen-Bradley. The company’s Intelligent Devices segment, which sells safety relays, saw an increase in revenue from USD 2,956.0 million in 2019 to USD 3,311.9 million in 2020. Software Configurable Safety Relays, MSR300 Series Modular Safety Relays, Guardmaster Safety Relays, Safety Control Relays, Single-function Safety Relays with Delayed Outputs, Single-function and Specialty Relays are among the product offerings by Rockwell Automation.

OMRON Corporation produces and sells medical equipment, social systems, automation components, and electrical components. The product line of the company consists of sensors, safety components, relays, automation systems, motion and drives, switches, control components, robotics, power supplies, switches, relays, and connectors. Omron’s headquarters are in Kyoto, Japan’s Shimogyo-ku district. The company’s safety switches are employed for establishing safety circuits, detecting intrusion into hazardous places, and shutting down mechanical guards. Omron offers a wide range of safety relay products like power relays, relays with forcibly guided contacts, and magnetic contactors. On May 11, 2022, OMRON Corporation launched a new high-voltage DC relay called “G9KB” globally for large-capacity home energy storage systems. In household storage systems with increasing capacity, G9KB safely cuts off the direct current.

ABB, provides products, systems, services, and solutions for electrification, motion, and industrial automation. Its products improve industrial productivity, power reliability, and energy efficiency. ABB offers its products directly to customers as well as through third-party channel partners such as distributors, installers, wholesalers, OEMs, and system integrators. ABB offers safety relays under the brand Sentry. The company’s electrification segment, which sells safety relays, saw an increase in revenue from USD 11,564 million in 2019 to USD 12,957 million in 2020.  Sentry USR10 Safety relay, Sentry USR22 Safety relay, Sentry USR10P Safety relay, Sentry USR22P Safety relay are among the product offerings by ABB.

Safety Relays Market Scope: