Leading Companies in the Capacitor Market ? TDK, Panasonic, and More, Amidst Rising Industry Growth
Tuesday, October 31, 2023
DUBLIN, Oct. 23, 2023 /PRNewswire/ -- The "Global Aluminum and Film Capacitor Market (By Type, Voltage, Application, End-Users, & Region): Insights and Forecast with Potential Impact of COVID-19 (2022-2027)" report has been added to ResearchAndMarkets.com's offering.
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The global aluminum electrolytic capacitor market is projected to reach US$7.18 billion in 2023, with a Compound Annual Growth Rate (CAGR) of 6.05% over the forecast period. Similarly, the global film capacitor market is anticipated to reach US$3.44 billion in 2023, experiencing a CAGR of 3.84% during the same period.
Understanding Capacitors:
Capacitors are passive electronic components used to store electric energy through charge separation in an electric field. Two major types discussed in this report are:
-- Aluminum Electrolytic Capacitors: These are polarized capacitors with an
anode electrode (+) constructed of pure aluminum foil with an etched
surface.
-- Film Capacitors: These capacitors use a thin plastic film as the
dielectric. They are generally known for being inexpensive, stable over
time, and having low self-inductance.
Key Drivers and Trends:
-- Miniaturization of Electronic Devices: Shrinking device sizes drive the
growth of aluminum electrolytic capacitors, making them essential for
modern electronics.
-- Increasing Sales of Electric Vehicles (EVs): The demand for
high-performance capacitors in EVs and HEVs contributes to the growth of
both aluminum and film capacitor markets.
-- Proliferating Demand from Aerospace & Defense: The transition towards
private space businesses and the need for advanced technology in space
hardware boost the demand for capacitors in the aerospace and defense
sectors.
Challenges:
-- High Costs: Capacitor makers face cost challenges due to supply
shortages and rising power prices, impacting both film and aluminum
capacitors.
Global Market Segmentations:
Aluminum Electrolytic Capacitor Market:
By Type:
-- Non-Solid
-- Solid (Expected to grow at the highest CAGR)
By Voltage:
-- High Voltage (Market leader)
-- Low Voltage
By End-Users:
-- Automotive (Highest share)
-- Industrial
-- Consumer Electronics
-- Telecommunications
-- Others
Film Capacitor Market:
By Type:
-- Polypropylene Film Capacitors (Majority share)
-- Polyester Film Capacitors
-- Others
By Application:
-- DC Applications (Dominant)
-- AC Applications
Regional Insights:
Aluminum Electrolytic Capacitor Market:
-- Asia Pacific leads the market due to rising demand for electronic
devices and increased manufacturing in India and China.
-- North America, led by the US, is expected to grow significantly, driven
by consumer electronics and industrial sectors.
-- Europe, with Germany as a key player, thrives due to high-tech
automotive product manufacturing and R&D growth.
-- The Rest of the World region shows potential, with China and Japan
playing vital roles.
Film Capacitor Market:
-- Asia Pacific dominates the market, driven by demand from consumer
electronics and automobiles.
-- North America, particularly the US, leads in consumer electronics and
industrial sectors.
-- Europe, with Germany as a hub, experiences growth due to the automotive
industry.
-- The Rest of the World region sees strong potential, with China, Japan,
and South Korea as key players.
Key Players:
The global aluminum and film capacitor market is highly fragmented, with major players including:
-- TDK Corporation
-- Nippon Chemi-Con Corporation
-- Nichicon Corporation
-- Panasonic Holdings Corporation
-- Hitachi Ltd. (Hitachi Chemical Co., Ltd.)
-- Yageo Corporation (Kemet Corporation)
-- Murata Manufacturing Co., Ltd.
-- Rubycon Corporation
-- Xiamen Faratronic Co., Ltd.
-- Capxon International Electronic Company Limited
-- Lelon Electronics Corporation
-- Cornell Dubilier Electronics, Inc.
-- Vishay Intertechnology, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/4psg4q
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