Electrolytic Capacitor Market Set for Strong Growth, Poised to Reach $9.5 Billion by 2028, Driven by High Demand in Consumer Electronics and Automotive Sectors

The electrolytic capacitor market has witnessed robust growth, surging from $7.33 billion in 2023 to $7.71 billion in 2024, exhibiting a Compound Annual Growth Rate (CAGR) of 5.1%. Projections indicate continued momentum, reaching $9.5 billion by 2028, with an anticipated CAGR of 5.4%.

Explosive Growth Driven by Capacitor Demand:

1. Rising Demand for Capacitors:
The electrolytic capacitor market is experiencing a surge in growth propelled by the escalating demand for capacitors. Capacitors, electronic components with two terminals storing energy in electric charge form, are crucial for various applications. Electrolytic capacitors, known for their large capacitance, find extensive use in DC power supply circuits, contributing to voltage reduction and stability. Global Trade magazine reports China, Hong Kong, and Germany as the leading capacitor importers, with imports reaching $8.8 billion, $5.4 billion, and $2 billion, respectively. Additionally, electrical capacitors exports surged by 23.7% from $28.4 billion to $35.1 billion in 2020-21.

Revving Up Growth in the Automotive Sector:

2. Automotive Sector as Growth Driver:
The increasing demand for electrolytic capacitors in the automotive sector is a significant factor fueling market expansion. Electrolytic capacitors play a vital role in various automotive applications, including engine control units (ECU), hybrid solutions, cooling, pumping, steering systems, ADAS features, safety systems, and enhancing Electric Vehicle (EV) efficiency. The European Automobile Manufacturers Association reports a global production increase of 5.7% in 2022, reaching 85.4 million vehicles, highlighting the growing demand for electrolytic capacitors in the automotive industry.

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Major Players and Innovations:

1. Key Market Players:
Major companies operating in the electrolytic capacitor market, including Nippon Chemi-Con Corporation, Nichicon Corporation, and TDK Electronics AG, are key contributors to market dynamics. These companies are at the forefront of technological advancements and product innovations.

Evolving Capacitor Technology:

2. Nippon Chemi-Con's KHU/LHU Series:
Technological advancements are a key trend in the electrolytic capacitor market, with Nippon Chemi-Con Corporation introducing the KHU/LHU series of snap-in type aluminum electrolytic capacitors. These capacitors, ensuring 3,000 and 5,000 hours at 105°C, contribute to power supply input smoothing, enabling downsizing and longevity of energy sources. Notably, the LHU Series and KHU Series achieve increased capacitance without compromising durability.

3. Nichicon's GYF Series:
Innovation in hybrid capacitors is prominent, with Nichicon Corporation launching the GYF series of high-capacitance conductive polymer hybrid aluminum electrolytic capacitors. These capacitors offer greater capacity, certified for 4,000 hours at 125°C, catering to markets requiring high dependability such as automotive, industrial machinery, and telecommunications. The GYF series facilitates circuit design development, reducing weight and components.

Regional Dynamics and Market Segmentation:
Asia-Pacific stands as the largest region in the electrolytic capacitor market in 2023, maintaining its prominence.

The electrolytic capacitor market covered in this report is segmented -
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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Electrolytic Capacitor Global Market Report 2024 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.

The Electrolytic Capacitor Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on electrolytic capacitor market size, electrolytic capacitor market drivers and trends, electrolytic capacitor market major players, electrolytic capacitor market competitors' revenues, electrolytic capacitor market positioning, and electrolytic capacitor market growth across geographies. The electrolytic capacitor market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

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