Global Electrolytic Capacitor market overview 2024, Forecast To 2033
30 Jan, 2024
The electrolytic capacitor market has experienced strong growth, increasing from $7.33 billion in 2023 to $7.71 billion in 2024, with a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period is attributed to the growth of the electronics industry, increased demand for capacitors in electronic devices, rising energy storage and power supply needs, increased industrial and automotive applications, and the miniaturization of electronics. Looking ahead to 2028, the market is projected to witness strong growth, reaching $9.5 billion with a CAGR of 5.4%. This anticipated expansion is linked to the expansion of 5G technology, growth in the electric vehicle (EV) market, emerging market adoption of electronics, renewable energy integration, and global market expansion. Major trends in the forecast period include the integration of capacitors in power electronics, technological advancements in capacitor design, eco-friendly capacitors, miniaturized capacitors for wearables and IoT, and strategic partnerships.
Global Electrolytic Capacitor Market Key Driver
The electrolytic capacitor market is set to grow with the rising demand for capacitors globally. Global Trade magazine highlights China and Hong Kong as the largest capacitor importing markets, accounting for substantial imports. This surge in demand for capacitors is evident in the Observatory of Economic Complexity's data, indicating a 23.7% increase in electrical capacitors exports from $28.4 billion to $35.1 billion.
Get A Free Sample Of The Global Electrolytic Capacitor Market ReportGlobal Electrolytic Capacitor Market Segments
The global electrolytic capacitor market covered in this report is segmented –
1) By Type: Aluminum Electrolytic Capacitors, Tantalum Electrolytic Capacitors, Niobium Electrolytic Capacitors
2) By End-Use Industry: Consumer Electronics, Industrial Electronics and Lighting, Computer and Telecommunications, Energy, Automotive, Aerospace and Defense
By Geography: The regions covered in the Electrolytic Capacitor market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
Asia-Pacificwas the largest region in the electrolyte capacitor market in 2023. The regions covered in the electrolytic capacitor market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major Electrolytic Capacitor Industry Players
Nippon Chemi-Con Corporation, Nichicon Corporation, Nantong Jianghai Capacitor Co. Ltd., Rubycon Corporation, SamYoung Electronic Co. Ltd., TDK Electronics AG, Panasonic Corporation, Capxon Electronic Industrial Co. Ltd., Lelon Electronics Corp., Vishay Intertechnology Inc., KEMET Corporation, Man Yue Technology Holdings Limited, Samwha Capacitor Group, Alcon Electronics Pvt. Ltd., Hangzhou Aihua Instrument Limited Company, Jianghai Capacitor Co. Ltd., High Energy Corp., NIC Components Corp., Hitano Enterprise Corp., Taiwan Chinsan Electronics Industrial Co. Ltd., Illinois Capacitor Inc., Cornell Dubilier Electronics Co., Murata Manufacturing Co. Ltd., AVX Corporation, Würth Elektronik GmbH & Co., Elna Co. Ltd., ROHM Semiconductor Pvt. Ltd., Shanghai Yongming Electronic Co. Ltd., Exxelia Group
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Electrolytic Capacitor Market Overview
Electrolytic capacitors refer to a type of capacitor that uses an electrolyte to achieve a larger capacitance than other capacitor types. These capacitors reduce voltage and voltage fluctuations. It is used in DC power supply circuits due to their large capacitance and small size for reducing the ripple voltage.
Electrolytic Capacitor Global Market Report 2023 provides data on the global electrolytic capacitor market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The electrolytic capacitor market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.