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Electrolytic Capacitor Market 2024 -2033 Business Statistics, Growth Rate, Latest Trends And Major Players | Nippon Chemi-Con Corporation, Nichicon Corporation, Nantong Jianghai Capacitor Co. Ltd., Rubycon Corporation, SamYoung Electronic Co
Electrolytic Capacitor Market
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the electrolytic capacitor industry. This report on electrolytic capacitor market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The electrolytic capacitor market size has grown strongly in recent years. It will grow from $7.33 billion in 2023 to $7.71 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to electronics industry growth, increased capacitor demand in electronic devices, increased energy storage and power supply needs, increased industrial and automotive applications, and miniaturization of electronics.
The electrolytic capacitor market size is expected to see strong growth in the next few years. It will grow to $9.5 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to 5G technology expansion, electric vehicle (EV) market growth, emerging market adoption of electronics, renewable energy integration, and global market expansion. Major trends in the forecast period include integration of capacitors in power electronics, technological advancements in capacitor design, eco-friendly capacitors, miniaturized capacitors for wearables and IoT, and strategic partnerships.
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Key Market Players:
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.
Market Drivers:
According to the Electrolytic Capacitor Market Report 2024 by The Business Research Company, The rising demand for capacitors is expected to propel the growth of the electrolytic capacitor market going forward. Capacitors refer to electronic components that have 2 terminals and the ability to store energy in the form of an electric charge. Electrolytic capacitors are used in DC power supply circuits due to their large capacitance, and this will help to reduce voltage and voltage fluctuations. For instance, in February 2022, according to Global Trade magazine, a US-based magazine, the largest capacitor importing markets were China and Hong Kong, accounting for imports of $8.8 billion, $5.4 billion, and Germany, $2 billion. Similarly, in 2020-21, according to the Observatory of Economic Complexity, a US-based data visualization portal for data on global commerce developed by Macro Connections group at the MIT Media Lab, electrical capacitors exports increased by 23.7%, from $28.4 billion to $35.1 billion. Therefore, the rising demand for capacitors is driving the growth of the electrolytic capacitor market.
More information about the Global Electrolytic Capacitor Market Report -
https://www.thebusinessresearchcompany.com/report/electrolytic-capacitor-global-market-report
Market segments for template include:
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
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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