The global electric capacitor market revenue was around US$ 18.5 billion in 2023 and is estimated to reach US$ 32.3 billion by 2032, growing at a compound annual growth rate (CAGR) of 6.4% during the forecast period from 2024 to 2032.
An electric capacitor is a rechargeable battery. It can store energy in the form of electrical charge while making a static voltage across its plates. It has effectively supplanted conventional batteries due to its discharging characteristics, simple charging, and lightweight.
Market Driving Factors
The demand for electric capacitors is increasing in several industries, including automotive, telecommunications, and industrial manufacturing. These sectors utilize capacitors for power factor correction, noise suppression, and other applications. In addition, the surge in the adoption of miniaturization and higher capacitance products has witnessed an increasing need for smaller and more efficient capacitors, mainly in automotive applications. As a result, manufacturers are concentrating on developing capacitors with higher capacitance values in smaller form elements to fulfill these needs, which in turn is propelling the market expansion.
The Chinese government has subsidized local electronics manufacturing via a series of stimulus projects like Automobiles to the Countryside," "Home Appliances to the Countryside," and "Replace the Old with New," These regulations have aided China's capacitor market by increasing the nation's electronics industry. Electric capacitors are in high demand in India due to the Indian government's efforts to gradually switch from fuel-powered to hybrid public transportation. The surge in awareness among individuals and the introduction of various government policies to offer several subsidies for the people have boosted the demand for the electric vehicle industry, which drives the electric capacitor market.
Improper mounting of electric capacitors can prevent them from reaching the desired capacitance. It can also lead to internal gas pressure, which can explode and impede market growth.
Regional Analysis
North America is expected to dominate the market in terms of the largest shares. This is owing to the continuous modernization of distribution systems & electrical transmission. The surge in the adoption of smart grids to facilitate energy conservation and integration of renewable energy will boost product deployment in the region. Utilities across this region are adopting strategies to limit the distribution & transmission losses by installing distribution capacitors. Moreover, the strict framework on grid modernization coupled with support mechanisms and endowments offered by state-owned utilities will boost market expansion. Additionally, advances in drone & robotics technology need a large number of tantalum, and ceramic chip capacitors to operate and their connection with the Internet of Things (IoT) is creating lucrative opportunities for the market.
Segmentation Insights
Capacity Insight
The high voltage segment is estimated to dominate the market in terms of the largest shares. This is mainly owing to the surge in the demand to propel grid infrastructure for a surge in electricity accessibility in developing and developed nations.
Application Insight
The power generation segment is estimated to dominate the market in terms of revenue. Power generation equipment has witnessed a robust demand due to the surge in the population followed by an increase in the number of consumers and immediate urbanization. Furthermore, the surge in consumption leads to an increase in electricity demand, which raises the demand for electrical capacitors in power generation equipment. Therefore, a broad range of the utilization of electric capacitors in power generation applications is predicted to create opportunities for market growth.
Prominent Companies
Segmentation Outline
The global electric capacitor market segmentation focuses on the Type, Capacity, Application, and Region.
By Type
By Capacity
By Application
By Region
[ TABLE OF CONTENT ]
1 INTRODUCTION OF GLOBAL ELECTRIC CAPACITOR MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY: ELECTRIC CAPACITOR MARKET
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
3.5 ANALYST TOOLS AND MODELS
4 GLOBAL ELECTRIC CAPACITOR MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS AND TRENDS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE ANALYSIS
4.4 VALUE CHAIN ANALYSIS
4.5 MARKET GROWTH AND OUTLOOK
4.5.1 PRICE TREND ANALYSIS
4.5.2 OPPORTUNITY SHARE
5 GLOBAL ELECTRIC CAPACITOR MARKET, BY TYPE
5.1 OVERVIEW
5.2 PLASTIC FILM
5.3 CERAMIC
5.4 ALUMINUM ELECTROLYTIC
5.5 OTHERS
6 GLOBAL ELECTRIC CAPACITOR MARKET, BY CAPACITY
6.1 OVERVIEW
6.2 LOW VOLTAGE
6.3 HIGH VOLTAGE
6.3.1 VOLTAGE RANGE
6.3.1.1 500-1000V
6.3.1.2 1001-7000V
6.3.1.3 7001-14000V
6.3.1.4 ABOVE 14000V
7 GLOBAL ELECTRIC CAPACITOR MARKET, BY APPLICATION
7.1 OVERVIEW
7.2 POWER GENERATION
7.3 TRANSMISSION
7.4 DISTRIBUTION
7.5 OTHERS
8 GLOBAL ELECTRIC CAPACITOR MARKET, BY GEOGRAPHY
8.1 OVERVIEW
8.2 NORTH AMERICA
8.2.1 NORTH AMERICA MARKET SNAPSHOT
8.2.2 U.S.
8.2.3 CANADA
8.2.4 MEXICO
8.3 EUROPE
8.3.1 EUROPE MARKET SNAPSHOT
8.3.2 WESTERN EUROPE
8.3.2.1 THE UK
8.3.2.2 GERMANY
8.3.2.3 FRANCE
8.3.2.4 ITALY
8.3.2.5 SPAIN
8.3.2.6 REST OF WESTERN EUROPE
8.3.3 EASTERN EUROPE
8.3.3.1 POLAND
8.3.3.2 RUSSIA
8.3.3.3 REST OF EASTERN EUROPE
8.4 ASIA PACIFIC
8.4.1 ASIA PACIFIC MARKET SNAPSHOT
8.4.2 CHINA
8.4.3 JAPAN
8.4.4 INDIA
8.4.5 AUSTRALIA & NEW ZEALAND
8.4.6 ASEAN
8.4.7 REST OF ASIA PACIFIC
8.5 MIDDLE EAST & AFRICA
8.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
8.5.2 UAE
8.5.3 SAUDI ARABIA
8.5.4 SOUTH AFRICA
8.5.5 REST OF MEA
8.6 SOUTH AMERICA
8.6.1 SOUTH AMERICA MARKET SNAPSHOT
8.6.2 BRAZIL
8.6.3 ARGENTINA
8.6.4 REST OF SOUTH AMERICA
9 GLOBAL ELECTRIC CAPACITOR MARKET COMPETITIVE LANDSCAPE
9.1 OVERVIEW
9.2 COMPANY MARKET RANKING
9.3 KEY DEVELOPMENT STRATEGIES
9.4 COMPETITIVE DASHBOARD
9.5 PRODUCT MAPPING
9.6 TOP PLAYER POSITIONING, 2022
9.7 COMPETITIVE HEATMAP
9.8 TOP WINNING STRATEGIES
10 COMPANY PROFILES
10.1 ABB LTD
10.1.1 OVERVIEW
10.1.2 FINANCIAL PERFORMANCE
10.1.3 PRODUCT OUTLOOK
10.1.4 KEY DEVELOPMENTS
10.1.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.2 PANASONIC CORP
10.2.1 OVERVIEW
10.2.2 FINANCIAL PERFORMANCE
10.2.3 PRODUCT OUTLOOK
10.2.4 KEY DEVELOPMENTS
10.2.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.3 TDK-EPC CORPORATION
10.3.1 OVERVIEW
10.3.2 FINANCIAL PERFORMANCE
10.3.3 PRODUCT OUTLOOK
10.3.4 KEY DEVELOPMENTS
10.3.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.4 WIMA GMBH
10.4.1 OVERVIEW
10.4.2 FINANCIAL PERFORMANCE
10.4.3 PRODUCT OUTLOOK
10.4.4 KEY DEVELOPMENTS
10.4.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.5 AVX CORPORATION
10.5.1 OVERVIEW
10.5.2 FINANCIAL PERFORMANCE
10.5.3 PRODUCT OUTLOOK
10.5.4 KEY DEVELOPMENTS
10.5.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.6 SAMSUNG ELECTRONICS CO LTD
10.6.1 OVERVIEW
10.6.2 FINANCIAL PERFORMANCE
10.6.3 PRODUCT OUTLOOK
10.6.4 KEY DEVELOPMENTS
10.6.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.7 MURATA MANUFACTURING CO. LTD
10.7.1 OVERVIEW
10.7.2 FINANCIAL PERFORMANCE
10.7.3 PRODUCT OUTLOOK
10.7.4 KEY DEVELOPMENTS
10.7.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.8 SIEMENS AG
10.8.1 OVERVIEW
10.8.2 FINANCIAL PERFORMANCE
10.8.3 PRODUCT OUTLOOK
10.8.4 KEY DEVELOPMENTS
10.8.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.9 SCHNEIDER ELECTRIC
10.9.1 OVERVIEW
10.9.2 FINANCIAL PERFORMANCE
10.9.3 PRODUCT OUTLOOK
10.9.4 KEY DEVELOPMENTS
10.9.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.10 SUZHOU MAXWELL TECHNOLOGIES CO. LTD
10.10.1 OVERVIEW
10.10.2 FINANCIAL PERFORMANCE
10.10.3 PRODUCT OUTLOOK
10.10.4 KEY DEVELOPMENTS
10.10.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.11 CORNELL DUBILIER
10.11.1 OVERVIEW
10.11.2 FINANCIAL PERFORMANCE
10.11.3 PRODUCT OUTLOOK
10.11.4 KEY DEVELOPMENTS
10.11.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.12 KEMET CORPORATION
10.12.1 OVERVIEW
10.12.2 FINANCIAL PERFORMANCE
10.12.3 PRODUCT OUTLOOK
10.12.4 KEY DEVELOPMENTS
10.12.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
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