Asia Pacific Electric Capacitor Market: Industry Analysis and Forecast (2023-2029)
Asia Pacific Electric Capacitor Market was valued at USD 7.26 billion in 2022. The Asia Pacific Electric Capacitor Market size is estimated to grow at a CAGR of 4.2% over the forecast period.
Format : PDF | Report ID : SMR_996
Asia Pacific Electric Capacitor Market Definition:
Like a rechargeable battery, the electric capacitor may store energy in the form of electrical charge while producing a static voltage across its plates. It has effectively replaced traditional batteries due to its simple charging, discharging, and lightweight characteristics.
Further, the Asia Pacific Electric Capacitor market is segmented by Material type, Voltage, End User and geography. On the basis of Material, the Asia Pacific Electric Capacitor market is segmented under Film, Ceramic, Electrolytic, and Others. Based on the Voltage, the Electric Capacitor market is segmented under the Low, Medium, and High. Based on the End-Use, the Electric Capacitor market is segmented under the channels of Consumer Electronics, Automotive, Communication & Technology, Transmission & Distribution, and Others. By geography, the market covers the major countries in Asia Pacific i.e., India, China, Japan, Australia and Rest of Asia Pacific For each segment, the market sizing and forecasts have been done on the basis of value (in USD Billion).
Asia Pacific Electric Capacitor COVID 19 Insights:
Several factories throughout the world have shut down as a result of the COVID-19 outbreak. Original equipment manufacturers in the automotive and consumer electronics industries are expected to postpone orders for electric capacitors as a result of the stoppage. As a result, the growth of the electric capacitor market slowed slightly in 2021.
The automotive sector is one of the primary industries that have been hit hard by the COVID-19 outbreak. Lockdowns and the shutdown of car manufacturing operations in many nations across the world have had a global influence on both supply and demand for autos. Several automakers in the impacted countries have stopped manufacturing, resulting in a temporary decline in demand for automotive electric capacitors.
Asian countries under attack have lost a substantial amount of business and money as a result of the closure of a number of manufacturing operations in the region. The disease's spread has had a substantial influence on transportation, consumer electronics, and vehicle manufacturing activities, resulting in a slowdown in the Asia-Pacific electric capacitor market's growth in 2021.
Asia Pacific Electric Capacitor Market Dynamics:
- Increasing Demand for Fuel-Efficient Vehicles
With increasing fuel prices and Fuel regulations the customers are looking for fuel-efficient vehicles. Electric vehicles (EV) and Hybrid electric vehicles (HEV) are very fuel-efficient and EVs are not using fossil fuels and do not harm the environment as well. The EVs will dominate the market for sure. Higher demand for fuel-efficient vehicles drives more adoption by automobile companies to use ultra-capacitors.
There will be significant growth in the Electric Capacitor market through the forecast period. The Asia Pacific electric Vehicle market is having around 34.6% of CAGR. It will reach around 761.97 Bn market through the forecast period.
- Adopting The Deployment of Electric Capacitors in EVS And HEVS
Showing a rapid growth in recent years in 2021 electric car market achieved 10 Mn cars on the road mark. 43% increase was seen in the sale of EVs in 2021. As the demand for EVs is increasing the market for Electric Capacitors is going to increase. The EV market is adopting modern technology for providing the best solution for petrol or diesel cars.
Adoption of Electric Capacitors in EVs is increasing due to the various benefits like better fuel efficiency, storage of energy, longer battery life, etc. Electric Capacitors are very much beneficial for EVs and HEVs. Adopting the deployment of Electric Capacitors in EVs and HEVs is driving the market growth as their use enables the vehicle manufacturers to reduce the vehicle weight, expand the battery capacity, and reduce CO2 emission.
- New Energy Conservation and Storage Techniques are Still Being Developed
The consumer electronics markets' on-going technical improvements, particularly in the smartphone segment, have pushed companies to choose high-speed energy-offering devices. Furthermore, increasing usage across applications needing a mix of high capacitance and voltage in the automotive and power T&D industries will add to the positive outlook.
- Reduction in Maintenance Prices
Long-term trends toward reduced prices and maintenance costs, as well as fewer import restrictions, are some of the important factors that will help grow the market. In addition, the launch of next-generation automotive electronics to support advanced driver assistance systems, as well as growing customer demand for mobility and connection, will drive the industrial landscape forward.
Furthermore, the development of new applications such as renewable energy systems, electronic controls for industrial machinery and engines, hybrid transportation concepts, and personal computing devices will drive product demand even higher.
Despite the demand for EVs and HEVs, their higher prices as compared to normal vehicles are a major constraint. EVs are not available in the affordable ranges that any customer can afford it. EVs are having around 2-2.5 times higher prices.
The charging infrastructure is a very important part of the EV market infrastructure and is one of the major constraints for the EV market. Without the proper infrastructure, it is difficult to grow an EV market, EV companies are working on that and in the upcoming few years, it is expected that the required infrastructure will be developed.
Asia Pacific Electric Capacitor Market Segment Analysis:
By Material, The market for film-based electric capacitors is expected to increase steadily due to their utilization in automotive electronic units, as well as their ability to perform stable operations in higher temperature and vibrating settings. The high voltage handling capability of these items, in comparison to their competitors, can also be contributed to their broad application.
The electrolytic capacitor market is growing due to on-going innovations in the electric mobility sector, which have increased the use of vehicle convenience systems such as automated windows, air conditioning, and airbag controls. Furthermore, favourable government programs for zero or low-emission vehicles, combined with an increase in the number of Electronic Control Units (ECUs) installed in vehicles will provide a beneficial business environment.
By Voltage, The growth of the low voltage market will be driven by growing demands for consumer electronics, driven by high urban population growth, and steadily falling prices. Furthermore, world economic growth has resulted in an increase in disposable income. Furthermore, as consumer income has increased, demand for automobiles and consumer gadgets have increased as well, driving total sector growth.
Because of the increased focus on decreasing power system losses and providing an efficient and continuous power supply, the high voltage segment will rise. Furthermore, utilities' greater attention to avoiding overload conditions, improving power flow across parallel lines, and increasing system stability will boost their adoption.
Consumer Electronics Market In Asia Pacific Region was valued at US$ 263 Bn in 2021.China is a leading exporter of Computer Devices. Value of Computer accessories exports in China was valued at US$ 34.4 Bn.
By Application, The electric capacitor market from consumer electronics will witness growth on account of the rise in the demand for smartphones, digital camcorders, and laptops along with their short replacement cycles. The advent of new technologies including 4K & OLED televisions with diversifying electronic content & functionality necessitates the need for increased energy density, capacitance & bandwidth, thus stimulating product adoption.
Grid integration of renewable energy sources coupled with enhanced efforts to improve the efficiency, resiliency, and quality of electrical systems will drive market growth. In addition, gradual up-gradation & replacement of the aging grid infrastructure coupled with the ability of these systems to allow reliable & flexible power transmission through power factor improvement will propel the market growth.
Asia Pacific Electric Capacitor Market Key Players Insights:
The market is characterized by the existence of a number of well-known firms. These companies control a large portion of the market, have a wide Material portfolio, and have a global presence. In addition, the market comprises small to mid-sized competitors that sell a limited variety of items, some of which are self-publishing organizations.
The market's major companies have a significant impact because most of them have extensive global networks through which they can reach their massive client bases. To drive revenue growth and strengthen their positions in the europemarket, key players in the market, particularly in this region, are focusing on strategic initiatives such as acquisitions, new collection launches, and partnerships.
The objective of the report is to present a comprehensive analysis of the Asia Pacific Electric Capacitor market to the stakeholders in the industry. The report provides trends that are most dominant in the Asia Pacific Electric Capacitor market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the Asia Pacific Electric Capacitor Market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.
The qualitative and quantitative data provided in the Asia Pacific Electric Capacitor market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the Asia Pacific Electric Capacitor market. The report studies factors such as company size, market share, market growth, revenue, Material volume, and profits of the key players in the Asia Pacific Electric Capacitor market.
The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals exist, who they are, and how their Material quality is in the Asia Pacific Electric Capacitor market. The report also analyses if the Asia Pacific Electric Capacitor market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly, if the market is dominated by a few players, etc.
The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the Asia Pacific Electric Capacitor market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Asia Pacific Electric Capacitor market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Asia Pacific Electric Capacitor market is aided by legal factors.
Asia Pacific Electric Capacitor Market Scope:
Asia Pacific Electric Capacitor Market Scope
Market Size in 2022
USD 7.26 Bn.
Market Size in 2029
USD 9.68 Bn.
By End User
North America- United States, Canada, and Mexico
Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe
Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC
Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa
South America – Brazil, Argentina, Rest of South America
Asia Pacific Electric Capacitor Market Key Players:
- TDK (Tokyo, Japan)
- Yageo (Taiwan)
- Panasonic (Osaka, Japan)
- Nichicon Corporation (Kyoto, Japan)
- Murata Manufacturing (Kyoto, Japan)
- Samsung Electro Mechanics (South Korea)
- Rubycon Corporation (Japan)
Frequently Asked Questions
The segments covered in the Asia Pacific Electric Capacitor Market report are based on Material, Voltage, and End User.
The market size of the Asia Pacific Electric Capacitor Market by 2029 is expected to reach USD 9.68 Billion.
The forecast period for the Asia Pacific Electric Capacitor Market is 2022-2029.
The market size of the Asia Pacific Electric Capacitor Market in 2022 was valued at USD 7.26 Billion.
- Scope of the Report
- Research Methodology
- Research Process
- Asia Pacific Electric Capacitor Market: Target Audience
- Asia Pacific Electric Capacitor Market: Primary Research (As per Client Requirement)
- Asia Pacific Electric Capacitor Market: Secondary Research
- Executive Summary
- Competitive Landscape
- Stellar Competition matrix
- Asia Pacific Stellar Competition Matrix
- Key Players Benchmarking: - by Material, Pricing, Investments, Expansion Plans, Physical Presence, and Presence in the Market.
- Mergers and Acquisitions in Industry: - M&A by Region, Value, and Strategic Intent
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Challenges
- PESTLE Analysis
- PORTERS Five Force Analysis
- Value Chain Analysis
- Stellar Competition matrix
- Asia Pacific Electric Capacitor Market Segmentation
- Asia Pacific Electric Capacitor Market, by Material (2022-2029)
- Asia Pacific Electric Capacitor Market, by Voltage (2022-2029)
- Asia Pacific Electric Capacitor Market, by End User (2022-2029)
- Consumer Electronics,
- Communication & Technology
- Transmission & Distribution
- Asia Pacific Electric Capacitor Market, by Country (2022-2029)
- Rest of Asia Pacific
- Asia Pacific Electric Capacitor Market, by Material (2022-2029)
- Company Profiles
- Key Players
- Company Overview
- Material Portfolio
- Financial Overview
- Business Strategy
- Key Developments
- Nichicon Corporation
- Murata Manufacturing
- Samsung Electro Mechanics
- Rubycon Corporation
- Key Players
- Key Findings