Electric Capacitor Market Scope
Electric capacitors store the electric energy by charge separation in an electric field. These capacitors are generally deployed when very large capacitance values are required. The electric capacitor is a component that has the capacity to store energy in the form of an electrical charge producing a static voltage across its plates, much like a rechargeable battery. Electric capacitors are an essential component in the circuit designer's inventory, providing low size by high capacitance and cost relative to other types of capacitors, because of its long service life and low cost it shows growth in the electric capacitor market.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia Pacific |
Largest Market | North America |
Unit | Value (USD Billion) |
Key Companies Profiled | Murata (Japan), KYOCERA (Japan), TDK (Japan), Samsung Electronics (South Korea), Taiyo Yuden (Japan), Nippon Chemi-Con Corporation (Japan), Panasonic (Japan), Nichicon (Japan), Rubycon Corp (Japan) and Kemet (United States) |
CAGR | 2.5% |
"According to AMA, the Global Electric Capacitor market is expected to see growth rate of 2.5% and may see market size of USD7.5 Billion by 2027."Leading key players are focusing on strategic partnerships to improve their products and services. Companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Research Analyst at AMA estimates that Japanese Manufacturers will contribute to the maximum growth of Global Electric Capacitor market throughout the predicted period.
Murata (Japan), KYOCERA (Japan), TDK (Japan), Samsung Electronics (South Korea), Taiyo Yuden (Japan), Nippon Chemi-Con Corporation (Japan), Panasonic (Japan), Nichicon (Japan), Rubycon Corp (Japan) and Kemet (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Yageo (Taiwan), Vishay (United States) and Walsin (Taiwan).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Electric Capacitor market by Type , by Application (Industrial, Automotive Electronics, Consumer Electronics, Energy and Others) and Region with country level break-up.
On the basis of geography, the market of Electric Capacitor has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2021. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Leaders and their expansionary development strategies
On 19 January 2022, Exxelia, a designer and manufacturer of high-performance passive components and subsystems, announced the acquisition of a majority stake in Alcon Electronics for close to USD100 million. Exxelia will benefit from Alcon's unique engineering capabilities centred on testing and instrumentation equipment, according to the company.
On 16th July 2021, Taiyo Yuden announced the commercialization of its cylinder-type electric double-layer capacitor LT series featuring eight products, including the LT08202R7335. Example applications for these new capacitors include peak assistance and backup power supply in smart meters, drive recorders, and servers.
The increased demand for supercapacitors in automotive applications is expected to be a major driver of market growth. Because of their long shelf life, high power density, and fast charging capability, supercapacitors are ideal for automotive applications. Furthermore, the market is expected to grow as a result of rising demand for renewable energy systems and favourable government regulations.
Electric Capacitor Market Dynamics:
Attributes | Details |
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Trends Influencing Market | - The Growth of Consumer Electronics Industry
- Increasing Demand from various End-User Industries
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Key Restraints | - The Concern Regarding Variability in the Cost of Raw Materials
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Challenges | - The Issue of Limited Energy Storage
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Market Opportunities | - Growing Demand due to Continuous Advancements and Innovation in the Energy and Power Sector
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Key Target Audience
Electric Capacitor Manufactures, Electric Capacitor Suppliers, Electric Capacitor Distributor, Government Regulatory Bodies, Private Research Organizations, Government Research Organization and Others