North America Hybrid Capacitor Market Size, Share & Trends Analysis Report By Product (Laminating Type, and Radial Type), By Application (Power Generation, Transmission, Distribution, and Others), By Country and Growth Forecast, 2023 - 2030
The North America Hybrid Capacitor Market would witness market growth of 4.7% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 438.42 Hundred Units, showcasing a growth of 4.2% (2019-2022).
Batteries can provide longer cycle life than electrolytic capacitors but may still fall short of the cycle life offered by these capacitors. Batteries are also more susceptible to self-discharge, memory effect, and limited charge-discharge cycles, affecting their performance and longevity. This makes them ideal for applications that require reliable, long-lasting energy storage solutions, such as renewable energy systems, electric vehicles, and industrial equipment.
They also have a broad operating temperature range and low equivalent series resistance (ESR), enabling efficient energy storage and delivery in various conditions. These capacitors' applications include regenerative vehicle braking systems, backup power supplies, and energy harvesting systems. They are also used with batteries to improve overall performance and longevity in hybrid and electric vehicles.
Canada's smart grid plan is a national program emphasizing natural resources. It discusses how the Pan-Canadian Framework's objectives for clean growth and climate change mitigation are created. Utility-led initiatives to reduce greenhouse gas emissions, utilize present electrical resources more effectively, and foster innovation have received more than $100 million in funding. These initiatives aim to guarantee power availability to support industry growth and urbanization. Thus, the region presents lucrative growth opportunities for the market.
The US market dominated the North America Hybrid Capacitor Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $9,352.2 Thousands by 2030. The Canada market is experiencing a CAGR of 7% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 6.1% during (2023 - 2030).
Based on Product, the market is segmented into Laminating Type, and Radial Type. Based on Application, the market is segmented into Power Generation, Transmission, Distribution, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- TAIYO YUDEN CO., LTD.
- SPEL TECHNOLOGIES PRIVATE LIMITED
- Vishay Intertechnology, Inc.
- Yunasko Ltd
- Kemet Corporation
- JTEKT Corporation
- CAP-XX Ltd
- Murata Manufacturing Co., Ltd.
- Quantic Electronics (Arcline Investment Management LP)
By Product (Volume, Hundred Units, USD Million, 2019-2030)
- Laminating Type
- Radial Type
- Power Generation
- Transmission
- Distribution
- Others
- US
- Canada
- Mexico
- Rest of North America
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Hybrid Capacitor Market, by Product
- 1.4.2 North America Hybrid Capacitor Market, by Application
- 1.4.3 North America Hybrid Capacitor Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- 3.3 Porter’s Five Forces Analysis
- Chapter 4. North America Hybrid Capacitor Market, by Product
- 4.1 North America Laminating Type Market, by Country
- 4.2 North America Radial Type Market, by Country
- Chapter 5. North America Hybrid Capacitor Market, by Application
- 5.1 North America Power Generation Market, by Country
- 5.2 North America Transmission Market, by Country
- 5.3 North America Distribution Market, by Country
- 5.4 North America Others Market, by Country
- Chapter 6. North America Hybrid Capacitor Market, by Country
- 6.1 US Hybrid Capacitor Market
- 6.1.1 US Hybrid Capacitor Market, by Product
- 6.1.2 US Hybrid Capacitor Market, by Application
- 6.2 Canada Hybrid Capacitor Market
- 6.2.1 Canada Hybrid Capacitor Market, by Product
- 6.2.2 Canada Hybrid Capacitor Market, by Application
- 6.3 Mexico Hybrid Capacitor Market
- 6.3.1 Mexico Hybrid Capacitor Market, by Product
- 6.3.2 Mexico Hybrid Capacitor Market, by Application
- 6.4 Rest of North America Hybrid Capacitor Market
- 6.4.1 Rest of North America Hybrid Capacitor Market, by Product
- 6.4.2 Rest of North America Hybrid Capacitor Market, by Application
- Chapter 7. Company Profiles
- 7.1 TAIYO YUDEN CO., LTD.
- 7.1.1 Company Overview
- 7.1.2 Financial Analysis
- 7.1.3 Regional Analysis
- 7.1.4 Research & Development Expenses
- 7.1.5 Recent strategies and developments:
- 7.1.5.1 Partnerships, Collaborations, and Agreements:
- 7.2 SPEL Technologies Private Limited
- 7.2.1 Company Overview
- 7.3 Quantic Electronics (Arcline Investment Management LP)
- 7.3.1 Company Overview
- 7.3.2 Recent strategies and developments:
- 7.3.2.1 Product Launches and Product Expansions:
- 7.4 CAP-XX Limited
- 7.4.1 Company Overview
- 7.4.2 Financial Analysis
- 7.4.3 Regional Analysis
- 7.4.4 Research & Development Expenses
- 7.5 Vishay Intertechnology, Inc.
- 7.5.1 Company Overview
- 7.5.2 Financial Analysis
- 7.5.3 Segmental and Regional Analysis
- 7.5.4 Research and Development Expense
- 7.5.5 SWOT Analysis
- 7.6 YUNASKO LTD
- 7.6.1 Company Overview
- 7.6.2 SWOT Analysis
- 7.7 KEMET Corporation
- 7.7.1 Company Overview
- 7.7.2 Recent strategies and developments:
- 7.7.2.1 Product Launches and Product Expansions:
- 7.7.3 SWOT Analysis
- 7.8 JTEKT Corporation
- 7.8.1 Company Overview
- 7.8.2 Financial Analysis
- 7.8.3 Segmental Analysis
- 7.8.4 Research & Development Expenses
- 7.9 Murata Manufacturing Co., Ltd.
- 7.9.1 Company Overview
- 7.9.2 Financial Analysis
- 7.9.3 Segmental and Regional Analysis
- 7.9.4 Research & Development Expense
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook