The electrolytic capacitor market has demonstrated steady growth in recent years. The market will grow from $7.58 billion in 2024 to $7.9 billion in 2025, with a compound annual growth rate (CAGR) of 4.3%. This growth during the historic period can be primarily attributed to the thriving electronics industry, increased demand for capacitors in electronic devices, increased energy storage and power supply needs, expanding industrial and automotive applications, and miniaturization of electronics.
Further growth is expected, with the electrolytic capacitor market poised to grow to $9.81 billion in 2029 with a CAGR of 5.6%. This forecasted growth can be attributed to the expansion of 5g technology, growth in the electric vehicle (ev) market, adoption of electronics by emerging markets, integration of renewable energy, and global market expansion. Major trends over the forecast period include the integration of capacitors in power electronics, technological advancements in capacitor design, eco-friendly capacitors, miniaturization of capacitors for wearables and IoT, and strategic partnerships.
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What Drives The Electrolytic Capacitor Market Growth?
The escalating demand for capacitors is a significant driver for the growth of the electrolytic capacitor market going forward. These electronic components have 2 terminals and store energy as an electric charge. Electrolytic capacitors are used extensively in DC power supply circuits for their large capacitance, thereby helping to reduce voltage fluctuations. The United States reported significant capacitor imports in February 2022, especially in China and Hong Kong, totaling $8.8 billion and $5.4 billion respectively, and Germany at $2 billion. Furthermore, according to the Observatory of Economic Complexity, a data visualization portal for global commerce, electrical capacitor exports rose by 23.7% from $28.4 billion to $35.1 billion in 2020-21. This rising demand is stimulating the growth of the electrolytic capacitor market.
What Are the Major Segments Within the Global Electrolytic Capacitor Market?
1) By Type: Aluminum Electrolytic Capacitors, Tantalum Electrolytic Capacitors, Niobium Electrolytic Capacitors
2) By End-Use Industry: Consumer Electronics, Industrial Electronics and Lighting, Computer and Telecommunications, Energy, Automotive, Aerospace and Defense
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Which Are The Top Players In The Electrolytic Capacitor Market?
Notable companies 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.
What Are The Emerging Trends In The Electrolytic Capacitor Market?
Technological advancements represent a key trend gaining traction in the electrolytic capacitor market. Companies are focusing on developing new tech solutions to consolidate their market position. For instance, in October 2022, Nippon Chemi-Con Corporation, a Japan-based manufacturer of capacitors and other miscellaneous electronic components, unveiled the KHU/LHU series of snap-in type aluminum electrolytic capacitors. These capacitors are used to smooth power supply input, aiding in the downsizing and longevity of shifting energy sources and general-purpose inverters.
Which Region Leads In The Electrolytic Capacitor Market?
In 2024, Asia-Pacific was the leading region in the electrolyte capacitor market. Western Europe, Eastern Europe, North America, South America, Middle East, Africa were also covered in the electrolytic capacitor market.
What Does The Electrolytic Capacitor Market Report 2025 Offer?
Electrolytic capacitors are a type of capacitor that utilizes an electrolyte to achieve a larger capacitance than other types of capacitors. These capacitors are used in DC power supply circuits due to their large capacitance and small size, helping to reduce the ripple voltage. The Electrolytic Capacitor Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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