Capacitor Market Size worth $ 58.67 Billion by 2031 | CAGR: 6.4% - Notes TMR Assessment

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Aug 25, 2022, 07:30 ET

The global capacitor market is projected to expand at a CAGR of 6.4% during 2022 to 2031
Surge in the demand for different types of electronic devices globally is fueling the growth in the capacitor market
The expansion of the consumer electronics industry in Asia Pacific is propelling the regional market

WILMINGTON, Del., Aug. 25, 2022 /PRNewswire/ -- The global capacitor market share is prognosticated to reach a value of US$ 58.67 Bn by 2031, according to a research report by Transparency Market Research (TMR). This suggests that the market is projected to develop at a CAGR of 6.4% during the forecast period of 2022 to 2031.

The report by TMR provides detailed assessment of key factors influencing the growth trajectory of the global capacitor market. Hence, this report includes exhaustive study of the growth drivers, restraints, opportunities, emerging trends, and recent developments in the global market for capacitor.

In electric vehicles, capacitors are being utilized for a wide range of purposes including smoothing out DC bus voltage variations, preventing ripple currents from returning to the power source, and ensuring the safety of semiconductors, notes a TMR assessment on the global capacitor market. This aside, capacitors play important role in suppressing unsafe high frequency components produced by switching devices in drive system of an electric vehicle. These factors suggest that the expansion of the electric vehicles industry is likely to bolster the capacitor market during the forecast period.

The government authorities of several developed and developing nations globally are implementing favorable regulations in order to boost the adoption of electric vehicles. This factor is expected to bode well with the growth trajectory of the global capacitor market during the forecast period, note analysts of a TMR report.

The capacitor market in Asia Pacific is expected to attract prominent growth opportunities during the forecast period owing to due to many factors including the expansion of consumer electronics industry and existence of sizable number of key players in the region. Moreover, a surge in the product demand from the regional power and utility and automotive sectors is fueling the market growth in the Asia Pacific region, highlight analysts at TMR.

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Capacitor Market: Key Findings

Top capacitor manufacturers and suppliers across the globe are focusing on fulfilling the rising demand the product from numerous key end-use industries including IT & telecommunication, power and utility, and consumer electronics. Moreover, players are seen increasing investments in R&Ds in order to develop small devices that can provide high capacitance. Such factors are expected to drive the growth avenues in the global capacitor market in the years ahead, according to researchers at TMR.
Different types of capacitors are being increasingly utilized in varied electronic devices such as inverter main circuits, control circuits, computer motherboards, and switching mode power supplies. Hence, increase in the utilization of such components and products globally is projected to fuel the sales growth in the global capacitor market during the forecast period.

Capacitor Market: Growth Boosters

Increase in the use of varied consumer electronics products by people from across the globe is boosting the demand for capacitors
Surge in the penetration of mobile devices worldwide is fueling the sales growth in the capacitor market
Rise in sales of electric vehicles across developed and developing nations is creating business opportunities for capacitor manufacturing companies

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Capacitor Market: Key Players

Some of the key players profiled in the report are:

Evans Capacitor Company
Alcon Electronics Private Limited
KEMET Corporation
Jinzhou Kaimei Power Co., Ltd.
KYOCERA Corporation
Kendeil Srl
NICHICON CORPORATION
Murata Manufacturing Co., Ltd.
Omni Pro Electronics
Nippon Chemi-Con Corporation
Rubycon Corporation
Panasonic Industry Co., Ltd.
TAIYO YUDEN CO., LTD.
SAMSUNG ELECTRO-MECHANICS
Vishay Intertechnology, Inc.
TDK Electronics AG

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Capacitor Market Segmentation

Product Type

Multilayer Ceramic Capacitor
Silicon Capacitor
Vacuum Capacitor
Paper/Film Capacitor
Tantalum Capacitor
Others

Mounting Type

Surface Mounted
Through-Hole

Voltage

Up to 500 V
501 to 1000 V
1001 to 2000 V
Above 2000 V

End-use Industry

Automotive and Transportation
Consumer Electronics
IT and Telecommunication
Power and Utility
Aerospace and Defense
Healthcare
Others

Regions Covered

North America
South America
Europe
Asia Pacific
Middle East & Africa

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