Electrolytic Capacitor Global Market Report 2024

“Electrolytic Capacitor Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on electrolytic capacitor market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for electrolytic capacitor? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The electrolytic capacitor market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

• 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
• Companies Mentioned: Nippon Chemi-Con Corporation; Nichicon Corporation; Nantong Jianghai Capacitor Co. Ltd.; Rubycon Corporation; SamYoung Electronic Co. Ltd.
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Electrolytic capacitors are a specific type of capacitor that utilizes an electrolyte to achieve a larger capacitance compared to other capacitor types. These capacitors are particularly effective in reducing voltage and mitigating voltage fluctuations. They find prominent use in DC power supply circuits due to their capacity for providing substantial capacitance in a compact size, effectively reducing ripple voltage.

The primary types of electrolytic capacitors include aluminum electrolytic capacitors, tantalum electrolytic capacitors, and niobium electrolytic capacitors. Tantalum capacitors, a subtype of electrolytic capacitors, are constructed with tantalum metal serving as the anode. This is covered by a layer of oxide, which acts as the dielectric, and surrounded by a conductive cathode. Tantalum capacitors are applied across a range of applications, including power generation, transmission, distribution, and various sectors such as consumer electronics, industrial electronics and lighting, computers and telecommunications, energy, as well as automotive and aerospace, including defense applications.

The electrolytic capacitor market research report is one of a series of new reports from The Business Research Company that provides electrolytic capacitor market statistics, including electrolytic capacitor industry global market size, regional shares, competitors with an electrolytic capacitor market share, detailed electrolytic capacitor market segments, market trends and opportunities, and any further data you may need to thrive in the electrolytic capacitor industry. This electrolytic capacitor market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

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 expansion observed in the historical period can be attributed to various factors, including the growth of the electronics industry, heightened demand for capacitors in electronic devices, increased requirements for energy storage and power supply, growing applications in industrial and automotive sectors, and the ongoing trend of miniaturization in electronics. These factors collectively contributed to the overall growth observed during that timeframe.

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 anticipated growth in the forecast period can be attributed to several key drivers, including the expansion of 5G technology, the growth of the electric vehicle (EV) market, increased adoption of electronics in emerging markets, the integration of capacitors in renewable energy systems, and the overall expansion of the global market. Noteworthy trends expected in this period encompass the integration of capacitors in power electronics, continuous technological advancements in capacitor design, the development of eco-friendly capacitors, the creation of miniaturized capacitors tailored for wearables and the Internet of Things (IoT), as well as the formation of strategic partnerships within the industry. These trends are poised to contribute significantly to the projected growth and evolution of the capacitor market in the forecasted period.

The electrolytic capacitor market is expected to experience growth driven by the increasing demand for capacitors. Capacitors, electronic components with two terminals capable of storing energy in the form of an electric charge, find extensive use in DC power supply circuits due to their large capacitance, aiding in reducing voltage and voltage fluctuations. In February 2022, Global Trade magazine reported that China and Hong Kong were the largest capacitor importing markets, with imports amounting to $8.8 billion and $5.4 billion, respectively. Additionally, Germany accounted for $2 billion in capacitor imports in the same period. Data from the Observatory of Economic Complexity for 2020-21 revealed a 23.7% increase in electrical capacitors exports, rising from $28.4 billion to $35.1 billion. This surge in demand for capacitors is a key driver for the electrolytic capacitor market.

The automotive sector is expected to contribute significantly to the growth of the electrolytic capacitors market. Electrolytic capacitors, a type of capacitor, are widely used in various automotive applications, including engine control units (ECU), hybrid solutions, cooling, pumping and steering systems, advanced driver-assistance systems (ADAS), safety systems, and improving electric vehicle (EV) efficiency. According to the European Automobile Manufacturers Association, the global production of vehicles reached 85.4 million in 2022, marking a 5.7% increase compared to the previous year. The growing demand for electrolytic capacitors in the automotive sector is anticipated to drive further growth in the electrolytic capacitor market.

Technological advancements are a key trend in the electrolytic capacitor market, with major companies focusing on developing new technological solutions to enhance their positions. In October 2022, Nippon Chemi-Con Corporation introduced the KHU/LHU series of snap-in type aluminum electrolytic capacitors. These capacitors, designed to smooth power supply input, contribute to the downsizing and longevity of shifting energy sources and general-purpose inverters. The KHU Series ensures 3,000 hours at 105°C, while the LHU Series promises 5,000 hours at 105°C. These advancements aim to achieve increased capacitance for existing products without sacrificing durability, enhancing capacitance per volume by up to 60% compared to the current series.

Major companies in the electrolytic capacitor market are prioritizing product innovations, such as the development of polymer hybrid aluminum electrolytic capacitors, to better cater to the needs of their consumers. Polymer hybrid aluminum electrolytic capacitors, also known as hybrid capacitors, combine the advantages of electrolytic and polymer capacitors in terms of performance. These capacitors use a combination of liquid and conductive polymer as the electrolyte, offering unique features and benefits. In July 2022, Nichicon Corporation, a Japanese manufacturing company specializing in capacitors, introduced the GYF series of high-capacitance conductive polymer hybrid aluminum electrolytic capacitors. The GYF series boasts one rank greater capacity than the GYA series, certified for 4,000 hours at 125°C. Designed for markets demanding high reliability, such as automotive, industrial machinery, and telecommunications, the GYF series provides increased capacity within the same case size as the GYE series. This innovation is expected to facilitate circuit design advancements by reducing the number of capacitors, resulting in decreased weight and fewer components.

In January 2022, Exxelia, a France-based company specializing in high-performance sub-systems and passive components, acquired Alcon Electronics for $100 million. This strategic acquisition aims to strengthen Exxelia's engineering capabilities. Alcon Electronics, based in India, is known for manufacturing custom-designed aluminum and film electrolytic capacitors.

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, Wurth Elektronik GmbH & Co., Elna Co. Ltd., ROHM Semiconductor Pvt. Ltd., Shanghai Yongming Electronic Co. Ltd., Exxelia Group

Asia-Pacific was the largest region in the electrolyte capacitor market in 2023. The regions covered in this electrolytic capacitor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The countries covered in the electrolytic capacitor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The electrolytic capacitors market consists of sales of nonsolid (liquid, or wet), solid manganese dioxide, solid polymer, leaded tantalum capacitors, and surface mount tantalum capacitors. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.