What Is The Current and Historic Market Size Analysis Of The Electrolytic Capacitor Market?
The electrolytic capacitor market has seen considerable growth due to a variety of factors.
• The size of the electrolytic capacitor market has been on a consistent upward trajectory in the past few years. The market is projected to expand from a value of $7.58 billion in 2024 to approximately $7.9 billion in 2025, boasting a compound annual growth rate (CAGR) of 4.3%.
The increase in market size during the previous periods is ascribed to the growth of the electronics industry, rising demand for capacitors in electronic devices, amplified needs for energy storage and power supply, growing industrial and automotive applications, as well as the miniaturization of electronic devices.
What Are The Predictions for The Electrolytic Capacitor Market Size In The Coming Years?
The electrolytic capacitor market is expected to maintain its strong growth trajectory in upcoming years.
• The market scale for electrolytic capacitors is projected to witness robust growth in the approaching years, expanding to reach a size of $9.81 billion by 2029, soaring at a 5.6% compound annual growth rate (CAGR).
Factors contributing to this expected growth within the forecast period include the expansion of 5G technology, a thriving electric vehicle (ev) market, emerging markets embracing electronics, incorporation of renewable energy, and global market extension. Notable trends within the projection period encompass capacitor integration in power electronics, advancement in capacitor technology, environmentally friendly capacitors, downsized capacitors equipped for wearables and Internet of Things (IoT), and strategic alliances.
Which Key Drivers Are Propelling The Electrolytic Capacitor Market's Growth?
The electrolytic capacitor market is expected to soar due to the increased need for capacitors. These electric components, possessing two terminals, have the capability to retain energy as an electric charge. Their significant capacitance allows them to be applied in DC power supply circuits as a way to diminish voltage and its variations. An example of this growing trend is apparent as of February 2022, when Global Trade magazine, an American publication, reported that the top capacitor importers were China and Hong Kong with imports amounting to $8.8 billion and $5.4 billion respectively, and Germany with $2 billion. Additionally, the US data visualization portal Observatory of Economic Complexity, constructed by Macro Connections group at MIT Media Lab, highlighted that between 2020-21, exports of electrical capacitors swelled by 23.7%, rising from $28.4 billion to $35.1 billion. This spike in capacitor demand is consequently sparking an upward trend in the electrolytic capacitor market.
What Are The Key Segments Within The Global Electrolytic Capacitor Market?
The 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
Subsegments:
1) By Aluminum Electrolytic Capacitors: Radial Aluminum Electrolytic Capacitors, Axial Aluminum Electrolytic Capacitors, Snap-In Aluminum Electrolytic Capacitors
2) By Tantalum Electrolytic Capacitors: Tantalum Chip Capacitors, Tantalum Leaded Capacitors, Polymer Tantalum Capacitors
3) By Niobium Electrolytic Capacitors: Niobium Capacitors with Solid Electrolyte, Niobium Capacitors with Liquid Electrolyte
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How Are New Trends Impacting The Size Of The Electrolytic Capacitor Market?
The rise of technological innovations is a major trend shaping the electrolytic capacitor market. Many leading companies in this market are concentrating their efforts on creating new tech-based solutions to consolidate their stronghold. In October 2022, a Japan-based firm called Nippon Chemi-Con Corporation, known for producing capacitors and various electrical components, introduced the KHU/LHU range of snap-in aluminum electrolytic capacitors. The KHU Series assures a lifespan of 3,000 hours at 105°C while the LHU Series offers 5,000 hours at the same temperature. These capacitors play a vital role in smoothing power supply input which contributes to the miniaturization and extended lifespan of shifting energy sources and universal inverters. Power supply smoothing circuits most commonly employ snap-in aluminum electrolytic capacitors. The freshly-released LHU Series and KHU Series manage to increase capacitance for the current 475V and 500V KHS/LHS Series items without compromising on longevity. When comparing against the present series equipment, it was found that capacitance per volume could be improved by almost 60%.
Who Are the Key Players in the Electrolytic Capacitor Market?
Major companies operating in the electrolytic capacitor market include:
• 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.
• Company
• Jianghai Capacitor Co. Ltd.
• 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
What are the Regional Insights into the Electrolytic Capacitor Market?
Asia-Pacific was the largest region in the electrolyte capacitor market in 2024. The regions covered in the electrolytic capacitor market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
