Israel Electric Capacitor Market - Forecasts from 2022 to 2027

Israeli electric capacitor market was evaluated at US$25.130 million in 2020.

The growth of the electric capacitor market in Israel is positive owing to its high demand across consumer electronics, energy and power, and the automotive industry. Factors contributing to the growth of the market are rising demand for consumer electronics, increasing demand for premium electronic devices, and growing demand for electric capacitors from the energy and power sectors of the country. The market is segmented by type, voltage, polarization, industry vertical, and target audience.

Drivers of the Israeli Electric Capacitor Market

Demand for consumer electronics in Israel is rapidly increasing as the consumer behaviour of the country has been continuously evolving, which is expected to have a positive impact on the market growth. Factors such as changing consumer lifestyles and rising demand for electronic devices such as mobile phones, digital still cameras, PCs or notebooks, and smart televisions are supporting the growth of the market. Moreover, with the availability of 5G services, there is a high smartphone penetration across the country. Additionally, digital transformation is accelerating across the country as government, private and public institutions and developments organizations are increasingly switching toward digital platforms to improve their economic growth, which will further create a huge demand for electric capacitors across the country.

xIsrael Electric Capacitors Market, By industry vertical

Power and Energy

One of the prime reasons supporting the growth of the overall market is the growing demand for electric capacitors across the energy and power sectors of the country. Domestic energy demand will increase significantly during the forecast period because the country is switching towards cleaner fuels for power generation and transportation. According to the International Trade Administration, the number of transportation vehicles is estimated to increase to 6.4 million by 2040 due to which the demand for electricity will double by 2040 which is forecasted to increase the demand for electric capacitors across the energy and power sectors of the country, which in turn is projected to drive the overall market growth. For instance, Israel’s Electric Company has signed an energy project with Energroup, a company based in Dubai, and is expected to have a positive impact on the market growth. Moreover, the Israel Electric Corporation (IEC) is planning to invest $1 billion in its energy sector to upgrade its transmission and distribution infrastructure. It is also planning to build new substations and develop a smart and modern grid to improve the quality of electricity supply, which is anticipated to drive the demand for electric capacitors across the industry.

Covid-19 Insights

The COVID-19 pandemic has negatively impacted the growth of the Israeli electric capacitor market. During the pandemic, all industries across the country were severely affected due to supply chain disruptions because of the strict lockdown restrictions imposed by the government of Israel. With the outbreak of COVID-19 all the manufacturing units and industries were shut down, which has slowed down the overall market growth.

Market Segmentation:

The Israel electric capacitor market has been analysed through the following segments:

By Type

• Aluminium
• Ceramic
• Tantalum
• Paper and Film
• Supercapacitor
• Others  

By Polarization

• Polarized
• Non-Polarized

By Voltage

• High Voltage
• Low Voltage

By Industry Vertical

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