Consumer Electronics Electric Capacitor Market - Forecasts from 2022 to 2027

The consumer electronics electric capacitor market is projected to grow at a CAGR of 4.43% during the forecast period to reach US$5.596 billion by 2027, from US$4.131 billion in 2020.

The consumer electronics electric capacitor market in consumer electronics is expected to expand due to increased demand for smartphones, digital video recorders, and laptops, as well as their short replacement cycles. The introduction of new technologies, such as 4K and OLED televisions, with diverse digital content and functionality, necessitates the importance of increasing power density, capacitance, and bandwidth, thereby expected to stimulate consumer electronics electric capacitor adoption.

An electric capacitor in a circuit works as its storage unit for power. The effect which is produced by a capacitor is known as its capacitance. Thin sheets, foil, electrolyte, and sintered metal beads can all be used as conductors. A nonconducting dielectric such as ceramic, glass, plastic film, and others increases the capacity charge in capacitors. Many typical electrical gadgets employ capacitors as part of their electrical circuits. An ideal capacitor, unlike a resistor, does not decrease substantially, yet real-life capacitors do. The growing economy is expected to fuel the expansion of key businesses, which is expected to propel the consumer electronics electric capacitors market forward. A major driver for the growth of the consumer electronics electric capacitor market is expected to be the rise in global warming concerns along with the development of more efficient power generation methods. High market demand is expected to be attributed to an increase in electric pumps in irrigation and industries. Maximum demand and energy charges, power factor penalties, and apparent energy charges are also likely to drive the market for consumer electronics electric capacitors to produce high energy-efficient and cost-effective products.

Global Consumer Electronics Electric Capacitor Market Growth Drivers

Consumer Electronics Electric capacitors market is expected to be driven by the increasing penetration of durable consumer products, which is expected to raise the production of consumer electronics and drive the demand for growth of electric capacitors in consumer electronics. Furthermore, it is expected that as the industry focuses more on research and development, the need for consumer electronics electric capacitors will grow even faster. According to Japan's electronics and information technology industry association, the consumer electronics industry has seen a rise of 83.8% in its production rate. As the population grows, the number of devices per person also increases. The number of devices used in a household is also on the rise; thus, population growth will have a direct impact on the market of electric capacitors in consumer electronics. The total population increased by 7.762 billion in 2020, indicating a 27 percent increase in the total world population over the last two decades, according to the World Bank. Efficiency and quality play a major role in the success of any electronics product. Cell phones, wearables, PCs, and tablets are all kinds of consumer electronics. The technology has advanced rapidly in the last decade, with smaller devices and better productivity, confronting power and RF design issues. The consumer electronics electric capacitor market is expected to rise due to the increased functionality, coherence, and intricacy of electronic devices, as well as the growing adoption of smart technology from emerging economies. The consumer electronics industry's ongoing technical improvements, particularly in the smartphone market, are expected to have pushed industry participants to choose efficient energy-offering devices. Furthermore, predicted expanding adoption across applications needing a mix of high capacitance and energy in the automotive and power transmission and distribution industries is expected to add to the positive outlook for the foreseen period.

Restraints

Capacitor value tolerances, equivalent series resistance capacity, and a limited life period are factors that the consumer electronics electric capacitor market is expected to face as constraints. When capacitors are subjected to voltages or currents that exceed their tolerances, or when they reach their expected end of life, they can fail, which is expected to slow the growth of the energy and power electric capacitor market. The market of global consumer electronics electric capacitors is also expected to see a restrain due to the rising price of consumer electronics and the lack of standardization of durables.

COVID-19 Impact

Lockdown has been imposed throughout the region because of the COVID-19 outbreak. To combat the unique coronavirus, manufacturing plants were shut down, and the government established rigorous protective measures and directives. During this time, the market for consumer electronics electric capacitors suffered a setback. However, once the lockdown restrictions are lifted, the consumer electronics electric capacitor market is projected to speed up.

Regional Analysis

The Asia Pacific consumer electronics electric capacitor market is expected to expand significantly due to the rigorous consumer electronics production process and the rising number of personal spending on electronics products. The growing usage of technology for daily activities, facilitated by ongoing residential and retail development projects, is expected to drive consumer electronics electric capacitor demand. Accelerating growth in high voltage direct current transmission innovation and sustainable sources, including wind and solar, will augment the business growth and success, and so will the evolution of the electric vehicle sector.

Moving toward energy-efficient technology solutions, combined with aggressive government moves to reduce emissions, is expected to boost Europe's market growth for consumer electronics electric capacitors. Furthermore, increased steps to encourage electric mobility, as well as government incentives to encourage the deployment of renewable energy systems, are predicted to propel industry growth for the forecasted period.

Market Segmentation:

• By Type

Aluminum

Ceramic

Tantalum

Paper And Film

Supercapacitor

Others

• By Polarization

Polarized

Non-Polarized

• By Industry Verticals

Consumer Electronics

Automotive

Communication and Technology

Energy and Power

• By Voltage

Low

High

• By Geography

North America

• USA
• Canada
• Mexico

South America

• Brazil
• Argentina
• Others

Europe

• Germany
• France
• United Kingdom
• Italy
• Spain
• Others

The Middle East and Africa

• Saudi Arabia
• UAE
• Israel
• Others

Asia Pacific

• China
• Japan
• South Korea
• India
• Thailand
• Taiwan
• Indonesia
• Others