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Global Electrolytic Capacitor Market was Valued at US$ XX Bn in 2019 and it is Expected to Reach More than US$ XX Bn by 2028, Likely to Grow with the CAGR of 6.1% During the Forecast Period.
The electrolytic capacitors are known as e-cap that is a polarized capacitor. These capacitors are coated through electrolysis of one plate along with oxide that acts as a dielectric and the other plate is replaced by an electrolyte. The prime driver of the electrolytic capacitor market is increased demand for high-quality capacitors in telecommunication, medical electronics, and automotive industries. Currently, the market is driven by miniaturization of electronic devices that are stimulating the demand of electrolytic capacitors during the forecast period. Government regulations are backing for lesser transmission loss and increased stability in the power generation industry had attributed to the growth of the electrolytic capacitor market. In contrast to the traditional methods of capacitors including ceramic capacitors and plastic film, the application of electrolytic capacitor exhibit greater capacitance per unit volume had increased the market demand. Moreover, good investments are being made by the government and private industries associated with telecommunication infrastructure,
Industrial automation, robotics, and automation would boost the market demand of electrolytic capacitors in the coming years. Advancement in personal computers and smartphones and smart equipment has significant potential for the electrolytic capacitors. But the consumer electronics sector market is stagnant due to the lesser demand from the customer globally. Such factors have decreased the application of electrolytic capacitors in video systems, DVD systems, and audio devices to the shift of customers towards advanced electronic devices. Electrolytic capacitors are rising in its market growth by its functionalities including, convergence & complexity of electronic devices along with increased customer preference of smart components in the developing countries. Advancements in the technologies in the consumer electronics sector, mostly in the smartphone sector are in the need of high-speed energy offerings. However, usage of these capacitors is coupled with high capacitance and voltage in the automobile and power industries shall substantiate the organizational market performance.
The cost associated with the electrolytic capacitor is low and have fewer barriers to trade in this industry are accelerating the market growth of electrolytic capacitors. Additionally, the market is trending in customer demand for next-generation electronics and their components for high performance supports the market growth of electrolytic capacitors. Technological advancements in renewable systems along with electronic controls for hybrid transportation concepts, machinery & engines and personal computing equipment shall enhance the thrust of electrolytic capacitors product demand.
Rising Aerospace & Defense Sector Industry to Drive the Demand for Electrolytic Capacitor
Application of advanced packaging technology of capacitors contributed to the commercially available parts that have greater seals in contrast to other capacitors. Such capacitors have higher application in the aircraft and jets. The COTS commercial off the shelf is being integrated by the engineers of defense & aerospace industry such aspects are also supporting the electrolytic capacitors having tight seals true hermetic capacitors for mission-critical applications where hermetic wet tantalum capacitors are highly utilized.
The usage of aluminum electrolytic capacitors has been embrace by military and aerospace industry for its reliable seals, longer lifespan, compact nature, and flat form. In the past decades, there is a high usage of electrolytic capacitor in power supplies in defense and commercial aircraft, also in ground-based and shipboard radar systems. Therefore the application of electrolytic capacitors have registered high growth in aerospace & defense end-use segment worldwide and it could continue during the forecast period.
The Asia-Pacific Region Is Projected to Register the Highest Growth in the Electrolytic Capacitor Market during the Forecast Period
The Asia Pacific accounted for the healthy growth of electrolytic capacitors globally and it is expected to have a good revenue share in 2019 and is anticipated for the fastest-growing region during the forecast period. Such market demand is attributed to the presence of numerous manufacturers in this region to take advantage of cost-effectiveness in the production of electrolytic capacitors. The electronics manufacturers in this region are rapidly expanding their geographical presence for capturing the benefits associated with this region. Prominent countries that are supporting the growth of electronics and power transmission industry are associated with developing countries including China, India, South Korea, and Japan being the leading exporters of consumer electronics goods globally. These companies are projected to expand their production capacities, as a result, the demand for electrolytic capacitors application would also be increased substantially.
The global electrolytic capacitor market is fragmented having various competitor companies operating along with local and global players. The competition for the electrolytic capacitor market is high.
Key players operating in the global electrolytic capacitor market are Nippon Chemi-Con Corporation, HEC, NICHICON CORPORATION, Jianghai Capacitor Co., Ltd., Rubycon Corporation, Aihua, Panasonic Corporation, CapXon, SamYoung Electronic Co. Ltd., Lelon Electronics Corp., and Vishay
Global Electrolytic Capacitor Market Key Segments
Global Electrolytic Capacitor Market, By Product Type
- Chip Type
- Miniature Type
- Large Can Type
- Conductive Polymer Aluminum Solid
- Conductive Polymer Hybrid
Global Electrolytic Capacitor Market, By Application
- Consumer Electronics
- Industrial Electronics & Lighting
- Computer & Telecommunications
- Aerospace & Defense
Global Electrolytic Capacitor Market, By Region
- North America
- Asia Pacific
- Middle East and Africa
- Latin America