Electric Capacitor Market Growth Analysis | 2023-2028

Market Insights

The electric capacitor market was estimated at USD 19.6 billion in 2022 and is likely to grow at a CAGR of 7% during 2023-2028 to reach USD 29.49 billion in 2028.

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What is an electric capacitor?

An electric capacitor is a passive component with two terminals insulated from each other and it stores electrical energy in an electric field.

Market Dynamics

The growth of the market is driven by the increasing functionality, convergence, and complexity of electronic devices, as well as the increasing demand for smart components from emerging markets. Furthermore, ongoing technological advancements in the consumer electronics industry, especially in the smartphone segment, have prompted industry players to opt for high-speed energy-offering products. In addition, increasing deployment across applications requiring a combination of high capacitance and voltage across the automobile & power T&D industries is likely to complement the business outlook over the forecast period.

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Segment Analysis

By Material Type

The electric capacitor market is segmented as film capacitors, ceramic capacitors, electrolytic capacitors, and others. Film capacitors are expected to register constant growth in the market during the forecast period on account of their increasing use in automotive electronic units due to their high voltage handling capability. Electrolytic capacitors, on the other hand, are estimated to witness significant growth in the market, as a result of ongoing advancements in the electric mobility sector, fuelling the overall industry growth over the forecast period.

By Polarization Type

The market is segmented as polarized and non-polarized. Polarized electric capacitor is likely to register substantial growth in the market during the forecast period, owing to features such as high capacitance and the ability to handle heavy charge and discharge cycles, as well as quick delivery and charge storage. Non-polarized electric capacitor is estimated to witness significant growth in the market on account of its higher stability, lower current leakage, and lower losses at high frequencies.

By Voltage Type

The market is bifurcated into high, medium, and low. The low voltage segment is expected to witness high growth in the market over the forecast period. Increasing demand for consumer electronics, driven by rapid urbanization, coupled with gradually declining prices, is expected to drive the low voltage market. Furthermore, ongoing economic growth has resulted in an increase in global disposable income; the consequent increase in consumer income has escalated the demand for automobiles and consumer electronics, which, in turn, drives the overall industry growth. High voltage is estimated to register significant growth in the market over the forecast period, owing to increasing focus on minimizing the power system losses and ensuring efficient & continuous power supply.

By End-Use Type

The market is segmented as consumer electronics, automotive, communication & technology, transmission & distribution, and others. Consumer electronics is likely to register a high growth rate and account for the major share of the market during the forecast period owing to rising demand for smartphones, laptops, and digital camcorders, along with their short replacement cycles.

Furthermore, the introduction of new technologies, such as 4K and OLED televisions, with diversifying electronic content and functionality, necessitates the need for increased energy density, capacitance, and bandwidth, thereby boosting product adoption.

Regional Insights

Asia-Pacific is expected to lead the market during the forecast period. The growth of the region’s market is owing to the robust manufacturing of consumer electronic products and rising consumer spending on electronic appliances in the region. Europe is expected to experience significant market growth over the forecast period as a result of a shift in focus toward energy-efficient technologies and government initiatives aimed at reducing emissions.

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Critical Questions Answered in the Report

• What are the key trends in the market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the market?
• What are the key strategies adopted by the major vendors to lead in the market?
• What is the market share of the top vendors?

Market Segmentation

This report studies the market covering 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The electric capacitor market is segmented into the following categories.

By Material Type

• Film Capacitors
• Ceramic Capacitors
• Electrolytic Capacitors
• Others

By Polarization Type

• Polarized
• Non-Polarized

By Voltage Type

• Low
• Medium
• High

By End-Use Type

• Consumer Electronics
• Automotive
• Communication & Technology
• Transmission & Distribution
• Others

By Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, Russia, Italy, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Brazil, Argentina, and Others)

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Key Players

The following are some of the key players in the electric capacitor market:

• ABB Limited
• AVX Corporation
• Cornell Dubilier Electronics, Inc.
• Eaton Corporation Plc
• Elna Co. Ltd.
• Hubbell Power Systems Inc.
• Samsung Electro-Mechanics
• Schneider Electric SE
• Siemens AG
• TDK Corporation.

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s electric capacitor market realities and future market possibilities for the forecast period of 2023 to 2028.The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.

The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.

We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

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