Industrial Electronics Electric Capacitor Market - Forecasts from 2019 to 2024

The industrial electronics electric capacitor market is projected to grow at a CAGR of 4.97% to teach US$1,633.174 million by 2024, from US$1,220.714 million in 2018. Mining companies are investing in automation equipment including trucks, dozer systems, and communication systems, among others to reduce the variable cost, dependence on lab our and improve productivity. This automation equipment inherently uses capacitors and increasing expenditure on mining automation will drive the demand for electric capacitors from the industrial industry. Furthermore, regular maintenance of offshore equipment and rising expenditure on oil and gas exploration activities due to increasing demand for oil will drive the demand for various exploration machines and equipment. Simultaneously, Introduction of new machines across various industries coupled with rising construction expenditure will augment the demand for electric capacitors over the forecast period.

Drivers

Rising expenditure on military equipment.

Growing trend of factory automation.

Industry Updates

AVX Corporation launched a high temperature wet electrolytic tantalum capacitor in June 2018 specifically for applications in military, aerospace, industrial, and oil drilling equipment.
In July 2017, Cornell Dubilier Electronics Inc. launched a new line of axial-lead aluminium electrolytic capacitors for various applications including across military and aerospace industries that demand high-performance under all operating conditions.

Major industry players profiled as part of the report are KEMET Corporation, YageCorporation, Vishay Intertechnology, Inc., and Nichicon Corporation among others.

Segmentation

The industrial electronics electric capacitor market has been analyzed through the following segments:

BY TYPE

Aluminum
Ceramic
Tantalum
Paper and Film
Others

BY POLARIZATION

Polarized
Non-Polarized

BY VOLTAGE

High Voltage
Low Voltage

BY GEOGRAPHY

North America
USA
Canada
Mexico

South America
Brazil
Others

Europe
Germany
France
United Kingdom
Spain
Others

Middle East and Africa
Israel
Others

Asia Pacific
China
Japan
South Korea
India
Others