Electrolytic Capacitor Global Market Report 2024 - By Demand, Share, Growth, Report, Forecast To 2033

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.

Market Overview -
Electrolytic capacitors refer to a type of capacitor that uses an electrolyte to achieve a larger capacitance than other capacitor types. These capacitors reduce voltage and voltage fluctuations. It is used in DC power supply circuits due to their large capacitance and small size for reducing the ripple voltage.

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Explosive Growth Electrolytic Capacitor Market Thrives On Rising Demand For Capacitors
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.

Competitive Landscape -
Major companies operating 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., Hangzhou Aihua Instrument Limited Company, Jianghai Capacitor Co. Ltd., High Energy Corp., 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

Evolving Capacitor Technology Nippon Chemi-Con's Khu/Lhu Series Redefines Aluminum Electrolytic Capacitors
Technological advancements are the key trend gaining popularity in the electrolytic capacitor market. Major companies operating in the electrolytic capacitor market are focused on developing new technological solutions to strengthen their position. For instance, in October 2022, Nippon Chemi-Con Corporation, a Japan-based company that manufactures capacitors and other miscellaneous electrical components, launched the KHU/LHU series of snap-in type aluminum electrolytic capacitors. The KHU Series ensures 3,000 hours at 105°C, whereas the LHU Series promises 5,000 hours at 105°C. These capacitors are used to smooth the power supply input, which aids in the downsizing and longevity of shifting energy sources and general-purpose inverters. Aluminum electrolytic capacitors of the snap-in kind are mostly utilized in power supply smoothing circuits. The newly designed LHU Series and KHU Series achieve increased capacitance for existing 475V and 500V KHS/LHS Series products without sacrificing durability. When compared to the present series, capacitance per volume can be enhanced by up to 60%.

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Key Segments -
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

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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