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Electric Capacitor Market Analysis | 2023-2028
Electric Capacitor Market Size, Share, Trends, Dynamics, Forecast, & Growth Analysis: 2023-2028
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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An electric capacitor is a passive component with two terminals insulated from each other and it stores electrical energy in an electric field.
The major factors driving the growth of the electric capacitor market are:
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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The following are some of the key players in the electric capacitor market:
Note: The above list does not necessarily include all the top players in the market.
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Segmentations |
List of Sub-Segments |
Segments with High Growth Opportunity |
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Material Type Analysis |
Film Capacitors, Ceramic Capacitors, Electrolytic Capacitors, and Others |
Film capacitors are expected to register constant growth in the market during the forecast period. |
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Polarization Type Analysis |
Polarized and Non-Polarized |
Polarized electric capacitor is likely to register substantial growth in the market during the forecast period, |
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Voltage Type Analysis |
Low, Medium, and High |
The low voltage segment is expected to witness high growth in the market over the forecast period. |
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End-Use Type Analysis |
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. |
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Regional Analysis |
North America, Europe, Asia-Pacific, and Rest of the World |
Asia-Pacific is expected to lead the market during the forecast period. |
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.
The market is segmented as polarized and non-polarized. Polarized electric capacitors are 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.
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.
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.
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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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 market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:
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
By Polarization Type
By Voltage Type
By End-Use Type
By Region
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Company Profiling
Competitive Benchmarking
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An electric capacitor is a passive component with two terminals insulated from each other and it stores electrical energy in an electric field.
The electric capacitor market was estimated at USD 19.6 billion in 2022.
The electric capacitor market is likely to reach USD 29.49 billion in 2028.
The electric capacitor market is likely to grow at a CAGR of 7% during 2023-2028.
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, and TDK Corporation are some of the top players in the market.
Asia-Pacific is estimated to be the leading region in the market in the coming years on account of robust manufacturing of consumer electronic products and rising consumer spending on electronic appliances in the region.
Consumer electronics is estimated to remain dominant in the market during the forecast period owing to rising demand for smartphones, laptops, digital camcorders, along with their short replacement cycles.
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.
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