China Electric Capacitor Market - Forecasts from 2022 to 2027

China electric capacitor market is estimated to be valued at US$9,117.290 million in 2020. Electric capacitors are electronic components that store and release electricity. A capacitor is almost usually included in an electrical circuit because it is a necessary component of electronic equipment. Because of its simple charging and discharging characteristics and lightweight, it has effectively supplanted traditional batteries. With the growth of technology, capacitors have become a crucial component in the construction of all most every electronic gadget. The continued increase in the manufacture of items such as cell phones, laptops, desktop PCs, servers, TVs, and DVD players is driving significant demand for capacitors in information technology, communications, and consumer electronics applications in China. According to International Energy Agency, China accounted for the second-highest registrations globally for the electric vehicle. China accounts for 25% of the world’s electric two-wheelers on the road.

The Chinese government has subsidized local electronics manufacturing through a series of stimulus projects like "Home Appliances to the Countryside," "Replace the Old with New," and "Automobiles to the Countryside," among others. These regulations have helped China's capacitor market by boosting the country's electronics industry. China's exports and imports have seen a significant rise after a dip in 2020, and the exports and imports have increased since. Ceramic & electrolytic devices are expected to be the dominant product categories in the capacitor market in china. In product segments, multilayer ceramic capacitors and solid double-layer capacitors are expected to be the growing product segments in the forecasted period.  The demand for capacitors in the energy and power business will grow as the world's demand for efficient power generation, storage, and distribution grows. Furthermore, as the demand for alternative energy sources grows, so will the demand for electric capacitors.

Key Developments

Supercapacitors will become an important part of the energy storage family as the advantages of supercapacitors are fast charging, high power, long cycle life, strong temperature adaptability, environmental protection, and no pollution. With the prices of supercapacitors dropping by 80% compared to 2012, the supercapacitor is an expanding market. It is forecasted to grow in the future, according to Cao Gaoping, a researcher at PLA’s chemical research institute. The rapid use of supercapacitors in wind power generation in China has increased the use and demand for supercapacitors in China.  China is a leading country in patenting fuel cell batteries, ultracapacitors, and battery technology. It is the leading nation in terms of patenting sub-parts of the electric capacitor.

By Type, China electric capacitor market is segmented into aluminium, ceramic, tantalum, paper & film, and supercapacitors. Cars, buses, trains, cranes, and elevators, among other things, employ supercapacitors for regenerative braking, short-term energy storage, and burst mode power delivery. The growing use of freshly enhanced capacitors in the industrial and electronic sectors has been a primary driver of the electrical capacitor market's growth. Ceramic and supercapacitors are forecasted to grow in this period.

By Polarization, China's electric capacitor market is segmented into polarized and non-polarized. The polarized capacitor is a type of capacitor that can be connected one way in a circuit, whereas non-polarized capacitors can be connected either way. Polarized capacitors are expected to grow in the forecasted period as their high capacitance, the capacity to sustain the heavy charge and discharge cycles, as well as rapid supply and charge storage, are just a few of the key attributes that are propelling product adoption.

Because of its excellent stability, low current leakage, and decreased losses at high frequencies, the non-polarized section will grow. The increasing use of these goods in various applications ranging from digital devices and automotive to power transmission and distribution will support the expansion of the industry.

By Voltage, China electric capacitor market is segmented into high voltage and low voltage. Low voltage electric capacitors will see significant growth due to rising demand for consumer electronic items, which will be fuelled by short replacement cycles and steadily falling prices.

Because of the increased focus on decreasing power system losses and providing an efficient and continuous power supply, the high voltage segment will rise.

By Industry vertical, China electric capacitor market is segmented into consumer electronics, automotive, communication & technology, energy & power, industrial electronics, and others. Automotive and energy & power are expected to rise in the future as EVs, and plug-in hybrids are in demand and in sales. With the increase in sales and use of EVs in China, it is one of the leading nations in EVs.

COVID-19 Insights

COVID-19 had a negative impact on the electric capacitor market as demand and sales for electric cars declined during that period. In 2020, due to COVID-19, major industries impacted were the automotive industry and manufacturing units. As a result of the shutdown in export and import, losses were incurred by the companies. Nevertheless, gradually with the world back to normal and sales and demand picking up, a new world of post-COVID is what is aspired by the businesses & leaders as some industries have shown immense growth potential and will be growing in the forecasted period.

Market Segmentation:

By Type

• Aluminum
• Ceramic
• Tantalum
• Paper & film
• Supercapacitor

By Polarization

• Polarized
• Non-Polarized

By Voltage

• High
• Low

By Industrial Vertical

• Consumer Electronics
• Automotive
• Communication & Technology
• Energy & Power
• Industrial Electronics
• Others