The global electric capacitor market was valued at US$249.438 billion in 2017 and is projected to expand at a CAGR of 3.90% over the forecast period to reach US$313.818 billion by 2023. Electric capacitor is a component which has the capacity to store electrical energy across the plates, much like a rechargeable battery. The electric capacitor is driving the market due to its high capacitance value. It is an essential component in the circuit designer’s inventory die to its compact size and cost-effectiveness. Advancement in technology is playing a key role in the extensive use of capacitors across diverse applications like automotive, manufacturing and etc. Supercapacitors and Polymer based capacitors are now gaining traction due to their reliable characteristics and are widely used in industrial applications like motor drives, power inverters and etc. The market is expected to flourish in the upcoming years owing to its rising utilization in hybrid energy systems and hybrid cars which are the upcoming technologies.
By the type of capacitor, the global market has been segmented as Aluminum, Ceramic, Tantalum, Paper and Film, Supercapacitors and Others. Supercapacitors held a significant market share in 2017 on account of its increased use in applications within cars, buses, trains, cranes and elevators etc. Paper and Film capacitors are continuing to gain traction in the market due to the increased use of electronics in a wide range of applications.
By End User Industry
With respect to end user industry, the global market has been segmented as Consumer electronics, Automotive, Communication and Technology, Manufacturing, and Energy & Power among others. Manufacturing, communication and technology and automotive industries hold a major share in this market on account of rapid growth of these industries driven by increasing investments by major market players into research and development.
Geographically, the global electric capacitor has been segmented as North America, Europe, Middle East & Africa, Asia-Pacific and South America. Asia-Pacific holds significant share in this market owing to the growing market of wearable electronics, presence of major players in the region and rising disposable income.
The global electric capacitor market is competitive owing to the presence of well diversified global and regional players. The global key players are Kemet, Yageo Corporation, Kyocera Corporation, TDK Corporation, Panasonic Corporation, Rubycon Corporation, Nichicon Corporation and Nippon Chemi-con Corporation.
The global electric capacitor market has been analyzed through following segments:
• By Type
o Paper and Film
• By End User Industry
o Consumer Electronics
o Communication and Technology
o Energy & Power
• By Geography
o North America
o South America
o Middle East and Africa
o Asia Pacific