High voltage aluminum electrolytic capacitors are critical electronic components designed to store and release electrical energy in circuits operating at elevated voltage levels. They are typically employed when high capacitance values are needed in compact sizes, such as for smoothing, filtering, energy storage, or power conditioning in systems operating with high current and voltage demands.
The high voltage aluminum electrolytic capacitors market consists of the sales of high voltage aluminum electrolytic capacitors by entities (organizations, sole traders and partnerships) that are used by being soldered onto circuit boards, integrated into modules, or attached via mounting hardware depending on the design requirements of the application. The use of these capacitor is widespread across stationery and mobile devices, from factory automation controls and renewable energy systems to electric vehicles and satellites.
The global high voltage aluminum electrolytic capacitors market was valued at $3,317.15 million in 2019 which grew till 2024 at a compound annual growth rate (CAGR) of more than 4.00%.
Rising Electric Vehicle (EV) Adoption
The rising electronic vehicle adoption supported the growth of the high voltage aluminum electrolytic capacitors market during the historic period. Electric vehicles (EVs) require high voltage aluminum electrolytic capacitors to manage their electrical systems, including power conversion and energy storage. As more people adopted electric vehicles, the need for these capacitors increased. This led to growth in the market for high voltage aluminum electrolytic capacitors. For example, in April 2023, according to Global Electric Vehicle (EV) Outlook 2023, published by the International Energy Agency (IEA), a France-based autonomous intergovernmental organization, the total number of EVs will increase from about 30 million in 2022 to around 240 million in 2030, representing an average annual growth rate of roughly 30%. EV sales will account for more than 20 million vehicles overall in 2025 and more than 40 million in 2030 or more than 20% and 30% of all vehicle sales, respectively. Thus, the rising electronic vehicle adoption drove the growth of the high voltage aluminum electrolytic capacitors market.
Next-Generation LGA Capacitors With Advanced Features For High-Ripple Current Applications
Companies operating in the high voltage aluminum electrolytic capacitors market are focusing on developing the low profile, general purpose, aluminum electrolytic capacitors (LGA) series of high ripple current snap-in terminal type aluminum electrolytic capacitors to meet the high ripple current requirements of the on-board charger market. For example, in December 2024, Nichicon Corporation, a Japan-based manufacturer of capacitors, launched the LGA series of high ripple current snap-in terminal type aluminum electrolytic capacitors with long life (guaranteed for 5,000 hours at 105°C). These capacitors are designed with improved heat dissipation properties, ensuring reliable performance in high-temperature environments. Additionally, the LGA series features a compact design that allows for space-saving integration in power supplies for industrial and automotive applications.
The global high voltage aluminum electrolytic capacitors market is fairly fragmented, with large number of small players operating in the market. The top ten competitors in the market made up to 17.28% of the total market in 2023.
High Voltage Aluminum Electrolytic Capacitors Global Market Opportunities And Strategies To 2034 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global high voltage aluminum electrolytic capacitors market as it emerges from the COVID-19 shut down.
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Where is the largest and fastest-growing market for high voltage aluminum electrolytic capacitors? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The high voltage aluminum electrolytic capacitors 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 history and forecasts market growth by geography. It places the market within the context of the wider high voltage aluminum electrolytic capacitors market; and compares it with other markets.
The report covers the following chapters
- Introduction And Market Characteristics:- Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by type, by material type and by end-use industry.
- Key Trends:- Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Growth Analysis And Strategic Analysis Framework Analysis:- on PESTEL, end use industries, market growth rate, global historic (2019-2024) and forecast (2024-2029, 2034F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods, forecast growth contributors and total addressable market (TAM).
- Global Market Size And Growth:- Global historic (2019-2024) and forecast (2024-2029, 2034F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional And Country Analysis:- Historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison by region and country.
- Market Segmentation:- Contains the market values (2019-2024) (2024-2029, 2034F) and analysis for each segment by type, by material type and by end-use industry in the market. Historic (2019-2024) and forecast (2024-2029) and (2029-2034) market values and growth and market share comparison by region market.
- Regional Market Size And Growth: - Regional market size (2024), historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape:- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Other Major And Innovative Companies: - Details on the company profiles of other major and innovative companies in the market
- Competitive Benchmarking:- Briefs on the financials comparison between major players in the market.
- Competitive Dashboard- Briefs on competitive dashboard of major players.
- Key Mergers And Acquisitions:- Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years.
- Market Opportunities And Strategies:- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations:- This section includes recommendations for high voltage aluminum electrolytic capacitors market providers in terms of product/service offerings geographic expansion, marketing strategies and target groups next five years.
- Appendix:- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
- 1) By Type: Snap-In Capacitors; Screw Terminal Capacitors; Axial Lead Capacitors; Radial Lead Capacitors; Surface Mount (SMD) Capacitors; Custom/Module Capacitors; Other Types
- 2) By Material Type: Etched Aluminum Foil Capacitors; Formed Aluminum Foil Capacitors; Other Material Types
- 3) By End-Use Industry: Industrial; Automotive; Energy And Power; Consumer Electronics; Telecommunications; Aerospace And Defense; Other End-Use Industries
- Companies Mentioned: Nippon Chemi-Con Corporation; Nichicon Corporation; Vishay Intertechnology Inc; KEMET Corporation; TDK Corp
- Countries: Australia; China; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; UK; Italy; Spain; Russia
- 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; high voltage aluminum electrolytic capacitors indicators comparison.
- 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.