Electric Capacitor Market By Type (Plastic Film, Ceramic, Aluminum Electrolytic, Others), By Capacity (Low Voltage, High Voltage), By Application (Power Generation, Transmission, Distribution, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global electric capacitor market size was valued at $16.4 billion in 2021, and projected to reach $30.4 billion by 2031, with a CAGR of 6.4% from 2022 to 2031.
Electric capacitors are electronic components that store and release electricity. A capacitor is almost usually included in an electrical circuit because it is a necessary electronic equipment component. It has effectively supplanted traditional batteries because of its simple charging and discharging characteristics and lightweight. Capacitors have become a crucial component in the construction of almost every electronic gadget with the growth of technology.
The capacitor market has developed in response to increased demand for consumer and wearable electronics, as well as increased use of polymer-based capacitors in industrial applications and electronic equipment. Moreover, increase in use of automation in different industries is projected to surge the demand for electric capacitors in the market. The electric capacitor market is likely to increase due to rise in the utilization of IoT in various electronic products; furthermore, in the future capacitor can end up powering products related to Internet of Things (IoT). In 2020, according to International Energy Agency, China accounted for the second-highest registrations globally for the electric vehicle. China accounts for 25% of the world's electric two-wheelers on the road.
Rise in consumer interest in smart products such as smart TVs and smart wearable, increase in disposable income, surge in product innovation, and presence of significant market players in this region are the factors that contribute toward the growth of the global electronics market, which, in turn, boosts the growth of the electric capacitors market. There is a rise in the requirement of efficient power generation, storage, and distribution, which boosts the demand for capacitors in the energy and power business. Furthermore, the demand for electric capacitors is projected to increase owing to the rise in demand for alternative energy sources.
The electric capacitor market is segmented on the basis of type, capacity, application and region. On the basis of type, the market is classified into plastic film capacitor, ceramic capacitor, aluminum electrolytic capacitor, and others. On the basis of capacity, it is bifurcated into low voltage and high voltage; high voltage is further classified into 500-1000V, 1001-7000V, 7001-14000V, and above 14000V. On the basis of application, the market is categorized into power generation, transmission, distribution and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, Asia-Pacific accounts for the largest share of the market, followed by North America and Europe.
The major companies profiled in this report include Siemens AG, ABB Ltd, Schneider Electric, Kemet Corporation, Suzhou Maxwell Technologies Co., Ltd, AVX Corporation, Cornell Dubilier, Murata Manufacturing Co., Ltd, WIMA GmbH, TDK-EPC Corporation, Samsung Electronics Co Ltd, and Panasonic Corp. Rapid development of industrialization, modernization, increase in the demand for portable electronic gadgets, and investment in the renewable energy fuel the demand for electric capacitor. Additional growth strategies such as expansion of production capacities, acquisition, partnership and research & innovation in the power generation, transmission, and distribution make way for key developments in the global electric capacitor market.
COVID-19 analysis:
COVID-19 has severely impacted the global economy with devastating effects on global trade, which has simultaneously affected households, business, financial institution, industrial establishments and infrastructure companies. The novel coronavirus has affected several economies ad caused lockdown in many countries which has limited the growth of the market. The shutdown of industrial manufacturer led to the decline in the demand for solar related equipment in most of the countries across the world led to decline in the demand of the electric capacitor market. The decrease in utilization of power in the industrial facilities across the globe during the outbreak has a negative impact on the development of the market.
The outbreak of COVID-19 in China and its spread across numerous countries around the world halted the manufacturing activities of industrial sectors which correspondingly hampered high voltage capacitor manufacturing as well. The raw material procurement was also challenged owing to outbreak of COVID-19. The revenue streams of government of numerous countries were halted which correspondingly hindered the government funded transmission and distribution projects. This consequently decreased the demand for high voltage capacitors. It is expected that as economies of numerous countries are recovering the government funded transmission and distribution projects might resume as soon as possible. The above mentioned factors will increase the demand for high voltage capacitor. The trend is expected to continue during the forecast period.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the electric capacitor market analysis from 2021 to 2031 to identify the prevailing electric capacitor market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the electric capacitor market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global electric capacitor market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
Plastic Film
Ceramic
Aluminum Electrolytic
Others
By Capacity
Low Voltage
High Voltage
Voltage Range
500-1000V
1001-7000V
7001-14000V
Above 14000V
By Application
Power Generation
Transmission
Distribution
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
Siemens AG
ABB Ltd
Schneider Electric
Kemet Corporation
Suzhou Maxwell Technologies Co., Ltd
AVX Corporation
Cornell Dubilier
Murata Manufacturing Co.,Ltd
WIMA GmbH
TDK-EPC Corporation
Samsung Electronics Co Ltd
Panasonic Corp.
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