The global electric capacitor market size was valued at $16.4 billion in 2021, and projected to reach $30.4 billion by 2031, with a CAGR of 6.4% from 2022 to 2031.
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 electronic equipment component. It has effectively supplanted traditional batteries because of its simple charging and discharging characteristics and lightweight. Capacitors have become a crucial component in the construction of almost every electronic gadget with the growth of technology.
The capacitor market has developed in response to increased demand for consumer and wearable electronics, as well as increased use of polymer-based capacitors in industrial applications and electronic equipment. Moreover, increase in use of automation in different industries is projected to surge the demand for electric capacitors in the market. The electric capacitor market is likely to increase due to rise in the utilization of IoT in various electronic products; furthermore, in the future capacitor can end up powering products related to Internet of Things (IoT). In 2020, 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.
Rise in consumer interest in smart products such as smart TVs and smart wearable, increase in disposable income, surge in product innovation, and presence of significant market players in this region are the factors that contribute toward the growth of the global electronics market, which, in turn, boosts the growth of the electric capacitors market. There is a rise in the requirement of efficient power generation, storage, and distribution, which boosts the demand for capacitors in the energy and power business. Furthermore, the demand for electric capacitors is projected to increase owing to the rise in demand for alternative energy sources.
The electric capacitor market is segmented on the basis of type, capacity, application and region. On the basis of type, the market is classified into plastic film capacitor, ceramic capacitor, aluminum electrolytic capacitor, and others. On the basis of capacity, it is bifurcated into low voltage and high voltage; high voltage is further classified into 500-1000V, 1001-7000V, 7001-14000V, and above 14000V. On the basis of application, the market is categorized into power generation, transmission, distribution and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, Asia-Pacific accounts for the largest share of the market, followed by North America and Europe.
The major companies profiled in this report include Siemens AG, ABB Ltd, Schneider Electric, Kemet Corporation, Suzhou Maxwell Technologies Co., Ltd, AVX Corporation, Cornell Dubilier, Murata Manufacturing Co., Ltd, WIMA GmbH, TDK-EPC Corporation, Samsung Electronics Co Ltd, and Panasonic Corp. Rapid development of industrialization, modernization, increase in the demand for portable electronic gadgets, and investment in the renewable energy fuel the demand for electric capacitor. Additional growth strategies such as expansion of production capacities, acquisition, partnership and research & innovation in the power generation, transmission, and distribution make way for key developments in the global electric capacitor market.
The outbreak of COVID-19 in China and its spread across numerous countries around the world halted the manufacturing activities of industrial sectors which correspondingly hampered high voltage capacitor manufacturing as well. The raw material procurement was also challenged owing to outbreak of COVID-19. The revenue streams of government of numerous countries were halted which correspondingly hindered the government funded transmission and distribution projects. This consequently decreased the demand for high voltage capacitors. It is expected that as economies of numerous countries are recovering the government funded transmission and distribution projects might resume as soon as possible. The above mentioned factors will increase the demand for high voltage capacitor. The trend is expected to continue during the forecast period.
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 electronic equipment component. It has effectively supplanted traditional batteries because of its simple charging and discharging characteristics and lightweight. Capacitors have become a crucial component in the construction of almost every electronic gadget with the growth of technology.
The capacitor market has developed in response to increased demand for consumer and wearable electronics, as well as increased use of polymer-based capacitors in industrial applications and electronic equipment. Moreover, increase in use of automation in different industries is projected to surge the demand for electric capacitors in the market. The electric capacitor market is likely to increase due to rise in the utilization of IoT in various electronic products; furthermore, in the future capacitor can end up powering products related to Internet of Things (IoT). In 2020, 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.
Rise in consumer interest in smart products such as smart TVs and smart wearable, increase in disposable income, surge in product innovation, and presence of significant market players in this region are the factors that contribute toward the growth of the global electronics market, which, in turn, boosts the growth of the electric capacitors market. There is a rise in the requirement of efficient power generation, storage, and distribution, which boosts the demand for capacitors in the energy and power business. Furthermore, the demand for electric capacitors is projected to increase owing to the rise in demand for alternative energy sources.
The electric capacitor market is segmented on the basis of type, capacity, application and region. On the basis of type, the market is classified into plastic film capacitor, ceramic capacitor, aluminum electrolytic capacitor, and others. On the basis of capacity, it is bifurcated into low voltage and high voltage; high voltage is further classified into 500-1000V, 1001-7000V, 7001-14000V, and above 14000V. On the basis of application, the market is categorized into power generation, transmission, distribution and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, Asia-Pacific accounts for the largest share of the market, followed by North America and Europe.
The major companies profiled in this report include Siemens AG, ABB Ltd, Schneider Electric, Kemet Corporation, Suzhou Maxwell Technologies Co., Ltd, AVX Corporation, Cornell Dubilier, Murata Manufacturing Co., Ltd, WIMA GmbH, TDK-EPC Corporation, Samsung Electronics Co Ltd, and Panasonic Corp. Rapid development of industrialization, modernization, increase in the demand for portable electronic gadgets, and investment in the renewable energy fuel the demand for electric capacitor. Additional growth strategies such as expansion of production capacities, acquisition, partnership and research & innovation in the power generation, transmission, and distribution make way for key developments in the global electric capacitor market.
Covid-19 Analysis
COVID-19 has severely impacted the global economy with devastating effects on global trade, which has simultaneously affected households, business, financial institution, industrial establishments and infrastructure companies. The novel coronavirus has affected several economies ad caused lockdown in many countries which has limited the growth of the market. The shutdown of industrial manufacturer led to the decline in the demand for solar related equipment in most of the countries across the world led to decline in the demand of the electric capacitor market. The decrease in utilization of power in the industrial facilities across the globe during the outbreak has a negative impact on the development of the market.The outbreak of COVID-19 in China and its spread across numerous countries around the world halted the manufacturing activities of industrial sectors which correspondingly hampered high voltage capacitor manufacturing as well. The raw material procurement was also challenged owing to outbreak of COVID-19. The revenue streams of government of numerous countries were halted which correspondingly hindered the government funded transmission and distribution projects. This consequently decreased the demand for high voltage capacitors. It is expected that as economies of numerous countries are recovering the government funded transmission and distribution projects might resume as soon as possible. The above mentioned factors will increase the demand for high voltage capacitor. The trend is expected to continue during the forecast period.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the electric capacitor market analysis from 2021 to 2031 to identify the prevailing electric capacitor market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the electric capacitor market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global electric capacitor market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- Plastic Film
- Ceramic
- Aluminum Electrolytic
- Others
By Capacity
- Low Voltage
- High Voltage
- Voltage Range
- 500-1000V
- 1001-7000V
- 7001-14000V
- Above 14000V
By Application
- Power Generation
- Transmission
- Distribution
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- Siemens AG
- ABB Ltd
- Schneider Electric
- Kemet Corporation
- Suzhou Maxwell Technologies Co., Ltd
- AVX Corporation
- Cornell Dubilier
- Murata Manufacturing Co.,Ltd
- WIMA GmbH
- TDK-EPC Corporation
- Samsung Electronics Co Ltd
- Panasonic Corp.
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: ELECTRIC CAPACITOR MARKET, BY TYPE
CHAPTER 5: ELECTRIC CAPACITOR MARKET, BY CAPACITY
CHAPTER 6: ELECTRIC CAPACITOR MARKET, BY APPLICATION
CHAPTER 7: ELECTRIC CAPACITOR MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, titled, “Electric Capacitor Market," the electric capacitor market size was valued at $16.4 billion in 2021, and electric capacitor industry is estimated to reach $30.4 billion by 2031, growing at a CAGR of 6.4% from 2022 to 2031.Capacitors are electronic components that are capable of storing electric charge in the form of electrostatic field. Low voltage capacitors usually contain low voltage-carrying conductors. They are made of aluminum foil or metal and a dielectric made of ceramic, plastic film, glass, paper, air, and mica, which are used for improving the quality of power and correcting the power factor.
Low voltage capacitors are used in low voltage networks to improve the power factor. These capacitors thereby improve operation efficiency and power savings in industrial and power applications. High voltage capacitors offer simple and reliable reactive power to enhance system efficiency, performance, and quality. It is utilized under oil for peaking in large pulse power systems or pulse shaping. The capacitors are produced utilizing foil electrode windings and dielectric. The capacitors are enclosed in plastic cases with pivotal terminals, and are exhaustively vacuum-dried and infused with an insulating liquid.
There has been an increase in the demand for efficient and continuous supply of power to meet the growing commercial and industrial needs with the growing global population. Electric capacitors are expected to witness a steady flow of demand during the forecast period given their key applications in end use industries such as, consumer products, and industrial power generation industries.
The presence of hazards such as retaining energy even after the equipment has been de-energized and which may further build up a hazardous residual charge without external energy source, subjected to high current or beyond the specific ratings can cause heating and explosion. The presence of above mentioned factor is anticipated to hamper the electric capacitor market growth.
The electric capacitor market forecast is segmented on the basis of type, capacity, application and region. On the basis of type, the market is classified into plastic film capacitor, ceramic capacitor, aluminum electrolytic capacitor, and others. On the basis of capacity, it is bifurcated into low voltage and high voltage; high voltage is further classified into 500-1000V, 1001-7000V, 7001-14000V, and above 14000V. On the basis of application, the market is categorized into power generation, transmission, distribution and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, Asia-Pacific accounts for the largest electric capacitor market share, followed by North America and Europe.
The major companies profiled in this report include Siemens AG, ABB Ltd, Schneider Electric, Kemet Corporation, Suzhou Maxwell Technologies Co., Ltd, AVX Corporation, Cornell Dubilier, Murata Manufacturing Co. Ltd, WIMA GmbH, TDK-EPC Corporation, Samsung Electronics Co Ltd, and Panasonic Corp.
Key Findings of the Study
- As per electric capacitor market analysis, by region, Asia-Pacific held dominant position in 2021 and is projected to remain dominant during the forecast period.
- By type, the plastic film capacitor segment accounted for the largest share in 2021.
- By capacity, the high voltage segment is projected as most lucrative segment.
- By application, the power generation segment is projected to create abundant revenue opportunity till 2030.
COVID-19 Analysis
- COVID-19 has severely impacted the global economy with devastating effects on global trade, which has simultaneously affected households, business, financial institution, industrial establishments and infrastructure companies. The novel coronavirus has affected several economies ad caused lockdown in many countries which has limited the growth of the market. The shutdown of industrial manufacturer led to the decline in the demand for solar related equipment in most of the countries across the world led to decline in the demand of the electric capacitor market. The decrease in utilization of power in the industrial facilities across the globe during the outbreak has a negative impact on the development of the market.
- The outbreak of COVID-19 in China and its spread across numerous countries around the world halted the manufacturing activities of industrial sectors which correspondingly hampered high voltage capacitor manufacturing as well. The raw material procurement was also challenged owing to outbreak of COVID-19. The revenue streams of government of numerous countries were halted which correspondingly hindered the government funded transmission and distribution projects. This consequently decreased the demand for high voltage capacitors. As economies of numerous countries are recovering, the government funded transmission and distribution projects resumed operations. The above mentioned factors will increase the demand for high voltage capacitor. The trend is expected to continue during the forecast period.
Companies Mentioned
- Siemens AG
- Abb Ltd
- Schneider Electric
- Kemet Corporation
- Suzhou Maxwell Technologies Co. Ltd
- Avx Corporation
- Cornell Dubilier
- Murata Manufacturing Co.Ltd
- Wima GmbH
- Tdk-Epc Corporation
- Samsung Electronics Co Ltd
- Panasonic Corp.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 406 |
| Published | August 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 16.4 billion |
| Forecasted Market Value ( USD | $ 30.4 billion |
| Compound Annual Growth Rate | 6.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
