Electric Capacitor Market: Global Industry Analysis and Forecast (2024-2030) Trends, Statistics, Dynamics, Segmentation

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 Electric Capacitor market is segmented by Material, Voltage, End-Use, and geography. On the basis of Material, the Electric Capacitor market is segmented Film, Ceramic, Electrolytic, 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 following Regions: North America, Europe, Asia-Pacific, South America, and Middle East & Africa. For each segment, the market sizing and forecasts have been done on the basis of value (in USD Billion).

 

 

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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 electric vehicle market is having around 18.2% of CAGR. It will reach around 0.8 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 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.

 

Electric capacitor Market Restraints: 

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 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.  

 

Electric Capacitor Market Segment Analysis:

By Material, The market for film-based electric capacitors is expected to increase steadily due to its 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 compared 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.

 

By End-Use, Electric capacitor market from consumer electronics will witness growth on account of rise in the demand for smartphones, digital camcorders, and laptops along with their short replacement cycles. Advent of new technologies including 4K & OLED televisions with diversifying electronic content & functionality necessitates the need for increased energy density, capacitance & bandwidth, thus stimulating the product adoption.

 

Grid integration of renewable energy sources coupled with enhanced efforts to improve the efficiency, resiliency and quality of electrical systems will drive the market growth. In addition, gradual up gradation & replacement of the ageing grid infrastructure coupled with the ability of these systems to allow reliable & flexible power transmission through power factor improvement will propel the market growth.

 

Electric Capacitor Market Regional Insights:

Asia Pacific Segment is dominating in the Electric Capacitor market with 30% share. Because of the robust manufacturing of consumer electronic items and increased individual spending on electronic appliances, the Asia Pacific electric capacitor market is expected to rise significantly.

 

Product demand will be fuelled by an increasing reliance on technology for everyday activities, which will be assisted by on-going residential and commercial construction initiatives. The commercial picture will be complemented by the rapid growth of HVDC transmission technologies and renewable energy, such as wind and solar, as well as the advancement of electric car infrastructure.

 

Because of increased investments in electricity and energy, North America is expected to see a large market growth. Furthermore, the Edison Electric Institute estimates that more than 1.18 million electric vehicles were on the road in the United States as of March 2019.

 

The European market will develop as a result of shifting trends toward energy-efficient technologies, as well as aggressive government efforts to reduce emissions. Furthermore, increased attempts to promote electric mobility, as well as federal incentives to encourage the adoption of renewable energy systems, will propel the market forward.

 

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 global market, key players in the market, particularly in North America and Europe, 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 Global Electric Capacitor market to the stakeholders in the industry. The report provides trends that are most dominant in the Global 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 Global 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 Global 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 Global Electric Capacitor market. The report studies factors such as company size, market share, market growth, revenue, Material ion volume, and profits of the key players in the Global 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 Global Electric Capacitor market. The report also analyses if the Global 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 Global Electric Capacitor market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Global Electric Capacitor market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Global Electric Capacitor market is aided by legal factors.

 

Electric Capacitor Market Scope:

Electric Capacitor Market
Market Size in 2023	USD 25.00 Bn.
Market Size in 2030	USD 32.90 Bn.
CAGR (2024-2030)	4%
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segment Scope	By Material Film Ceramic Electrolytic Others
	By Voltage Low Medium High
	By End-Use Consumer Electronics, Automotive Communication & Technology Transmission & Distribution Others
Regional Scope	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

 

Electric Capacitor Market Key Players: 

• Siemens (Munich Germany)
• ABB (Zurich, Switzerland)
• Schneider Electric (Rueil-Malmaison, France)
• Kemet (South Carolina, United States)
• Maxwell Technologies (California, United States)
• AVX Corporation (South Carolina, United States)
• Cornell Dubilier (California, United States)
• Murata Manufacturing (Kyoto, Japan)
• WIMA GmbH (Germany)
• TDK-EPC Corporation (Tokyo, Japan)
• Samsung (South Korea)
• Panasonic (Osaka, Japan)
• Vishay Intertechnology (United States)
• C&H Technology (Minnetonka, United States)
• Schaffner Group (Switzerland)