Dublin, Oct. 20, 2023 (GLOBE NEWSWIRE) -- The "Global Aluminum and Film Capacitor Market (By Type, Voltage, Application, End-Users, & Region): Insights and Forecast with Potential Impact of COVID-19 (2022-2027)" report has been added to ResearchAndMarkets.com's offering.
The global aluminum electrolytic capacitor market is projected to reach US$7.18 billion in 2023, with a Compound Annual Growth Rate (CAGR) of 6.05% over the forecast period. Similarly, the global film capacitor market is anticipated to reach US$3.44 billion in 2023, experiencing a CAGR of 3.84% during the same period.
Understanding Capacitors:
Capacitors are passive electronic components used to store electric energy through charge separation in an electric field. Two major types discussed in this report are:
- Aluminum Electrolytic Capacitors: These are polarized capacitors with an anode electrode (+) constructed of pure aluminum foil with an etched surface.
- Film Capacitors: These capacitors use a thin plastic film as the dielectric. They are generally known for being inexpensive, stable over time, and having low self-inductance.
Key Drivers and Trends:
- Miniaturization of Electronic Devices: Shrinking device sizes drive the growth of aluminum electrolytic capacitors, making them essential for modern electronics.
- Increasing Sales of Electric Vehicles (EVs): The demand for high-performance capacitors in EVs and HEVs contributes to the growth of both aluminum and film capacitor markets.
- Proliferating Demand from Aerospace & Defense: The transition towards private space businesses and the need for advanced technology in space hardware boost the demand for capacitors in the aerospace and defense sectors.
Challenges:
- High Costs: Capacitor makers face cost challenges due to supply shortages and rising power prices, impacting both film and aluminum capacitors.
Global Market Segmentations:
Aluminum Electrolytic Capacitor Market:
By Type:
- Non-Solid
- Solid (Expected to grow at the highest CAGR)
By Voltage:
- High Voltage (Market leader)
- Low Voltage
By End-Users:
- Automotive (Highest share)
- Industrial
- Consumer Electronics
- Telecommunications
- Others
Film Capacitor Market:
By Type:
- Polypropylene Film Capacitors (Majority share)
- Polyester Film Capacitors
- Others
By Application:
- DC Applications (Dominant)
- AC Applications
Regional Insights:
Aluminum Electrolytic Capacitor Market:
- Asia Pacific leads the market due to rising demand for electronic devices and increased manufacturing in India and China.
- North America, led by the US, is expected to grow significantly, driven by consumer electronics and industrial sectors.
- Europe, with Germany as a key player, thrives due to high-tech automotive product manufacturing and R&D growth.
- The Rest of the World region shows potential, with China and Japan playing vital roles.
Film Capacitor Market:
- Asia Pacific dominates the market, driven by demand from consumer electronics and automobiles.
- North America, particularly the US, leads in consumer electronics and industrial sectors.
- Europe, with Germany as a hub, experiences growth due to the automotive industry.
- The Rest of the World region sees strong potential, with China, Japan, and South Korea as key players.
Key Players:
The global aluminum and film capacitor market is highly fragmented, with major players including:
- TDK Corporation
- Nippon Chemi-Con Corporation
- Nichicon Corporation
- Panasonic Holdings Corporation
- Hitachi Ltd. (Hitachi Chemical Co., Ltd.)
- Yageo Corporation (Kemet Corporation)
- Murata Manufacturing Co., Ltd.
- Rubycon Corporation
- Xiamen Faratronic Co., Ltd.
- Capxon International Electronic Company Limited
- Lelon Electronics Corporation
- Cornell Dubilier Electronics, Inc.
- Vishay Intertechnology, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/n9qnkl
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