Electrolytic Capacitor Market Report 2025

The electrolytic capacitor market size has grown steadily in recent years. It will grow from $7.58 billion in 2024 to $7.9 billion in 2025 at a compound annual growth rate (CAGR) of 4.3%. The growth in the historic period can be attributed to electronics industry growth, increased capacitor demand in electronic devices, increased energy storage and power supply needs, increased industrial and automotive applications, and miniaturization of electronics.

The electrolytic capacitor market size is expected to see strong growth in the next few years. It will grow to $9.81 billion in 2029 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to 5g technology expansion, electric vehicle (ev) market growth, emerging market adoption of electronics, renewable energy integration, and global market expansion. Major trends in the forecast period include integration of capacitors in power electronics, technological advancements in capacitor design, eco-friendly capacitors, miniaturized capacitors for wearables and iot, and strategic partnerships.

The electrolytic capacitor market is expected to experience growth driven by the increasing demand for capacitors. Capacitors, electronic components with two terminals capable of storing energy in the form of an electric charge, find extensive use in DC power supply circuits due to their large capacitance, aiding in reducing voltage and voltage fluctuations. In February 2022, Global Trade magazine reported that China and Hong Kong were the largest capacitor importing markets, with imports amounting to $8.8 billion and $5.4 billion, respectively. Additionally, Germany accounted for $2 billion in capacitor imports in the same period. Data from the Observatory of Economic Complexity for 2020-21 revealed a 23.7% increase in electrical capacitors exports, rising from $28.4 billion to $35.1 billion. This surge in demand for capacitors is a key driver for the electrolytic capacitor market.

The automotive sector is expected to contribute significantly to the growth of the electrolytic capacitors market. Electrolytic capacitors, a type of capacitor, are widely used in various automotive applications, including engine control units (ECU), hybrid solutions, cooling, pumping and steering systems, advanced driver-assistance systems (ADAS), safety systems, and improving electric vehicle (EV) efficiency. According to the European Automobile Manufacturers Association, the global production of vehicles reached 85.4 million in 2022, marking a 5.7% increase compared to the previous year. The growing demand for electrolytic capacitors in the automotive sector is anticipated to drive further growth in the electrolytic capacitor market.

Technological advancements are a key trend in the electrolytic capacitor market, with major companies focusing on developing new technological solutions to enhance their positions. In October 2022, Nippon Chemi-Con Corporation introduced the KHU/LHU series of snap-in type aluminum electrolytic capacitors. These capacitors, designed to smooth power supply input, contribute to the downsizing and longevity of shifting energy sources and general-purpose inverters. The KHU Series ensures 3,000 hours at 105°C, while the LHU Series promises 5,000 hours at 105°C. These advancements aim to achieve increased capacitance for existing products without sacrificing durability, enhancing capacitance per volume by up to 60% compared to the current series.

Major companies in the electrolytic capacitor market are prioritizing product innovations, such as the development of polymer hybrid aluminum electrolytic capacitors, to better cater to the needs of their consumers. Polymer hybrid aluminum electrolytic capacitors, also known as hybrid capacitors, combine the advantages of electrolytic and polymer capacitors in terms of performance. These capacitors use a combination of liquid and conductive polymer as the electrolyte, offering unique features and benefits. In July 2022, Nichicon Corporation, a Japanese manufacturing company specializing in capacitors, introduced the GYF series of high-capacitance conductive polymer hybrid aluminum electrolytic capacitors. The GYF series boasts one rank greater capacity than the GYA series, certified for 4,000 hours at 125°C. Designed for markets demanding high reliability, such as automotive, industrial machinery, and telecommunications, the GYF series provides increased capacity within the same case size as the GYE series. This innovation is expected to facilitate circuit design advancements by reducing the number of capacitors, resulting in decreased weight and fewer components.

In January 2022, Exxelia, a France-based company specializing in high-performance sub-systems and passive components, acquired Alcon Electronics for $100 million. This strategic acquisition aims to strengthen Exxelia's engineering capabilities. Alcon Electronics, based in India, is known for manufacturing custom-designed aluminum and film electrolytic capacitors.

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.

Electrolytic capacitors are a specific type of capacitor that utilizes an electrolyte to achieve a larger capacitance compared to other capacitor types. These capacitors are particularly effective in reducing voltage and mitigating voltage fluctuations. They find prominent use in DC power supply circuits due to their capacity for providing substantial capacitance in a compact size, effectively reducing ripple voltage.

The primary types of electrolytic capacitors include aluminum electrolytic capacitors, tantalum electrolytic capacitors, and niobium electrolytic capacitors. Tantalum capacitors, a subtype of electrolytic capacitors, are constructed with tantalum metal serving as the anode. This is covered by a layer of oxide, which acts as the dielectric, and surrounded by a conductive cathode. Tantalum capacitors are applied across a range of applications, including power generation, transmission, distribution, and various sectors such as consumer electronics, industrial electronics and lighting, computers and telecommunications, energy, as well as automotive and aerospace, including defense applications.

The electrolytic capacitor market research report is one of a series of new reports that provides electrolytic capacitor market statistics, including electrolytic capacitor industry global market size, regional shares, competitors with an electrolytic capacitor market share, detailed electrolytic capacitor market segments, market trends and opportunities, and any further data you may need to thrive in the electrolytic capacitor industry. This electrolytic capacitor market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Asia-Pacific was the largest region in the electrolyte capacitor market in 2024. The regions covered in this electrolytic capacitor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The countries covered in the electrolytic capacitor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The electrolytic capacitors market consists of sales of nonsolid (liquid, or wet), solid manganese dioxide, solid polymer, leaded tantalum capacitors, and surface mount tantalum capacitors. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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