Report Ocean published a new report on the global Electric Capacitor market. The study includes an in-depth analysis of regional trends and market growth in North America, Europe, Asia-Pacific, and Middle East Africa. This study report also examines the challenges that are negatively impacting the industry’s growth and outlines a strategy adopted by companies during 2023 to 2031.
The global electric capacitor market revenue was around US$ 17.9 billion in 2021 and is estimated to reach US$ 31.9 billion by 2031, growing at a compound annual growth rate (CAGR) of 6.4% during the forecast period from 2022 to 2031.
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An electric capacitor, like a rechargeable battery, may produce a static voltage between its plates while storing energy in the form of electrical charge. It has successfully replaced conventional batteries because of its straightforward charging and discharging capabilities and lightweight. Capacitors have become an essential component in the design of practically every electronic device with the development of technology.
Factors Influencing Market Growth
Increased smart component demand from developing economies as well as increasing functionality, convergence, and complexity of electronic devices. Such factors drive market growth.
Due to rising disposable income consumer interest in smart products such as wearable technology and smart TVs and ongoing product innovation. Thus, these factors create a positive impact on the market.
Lack of energy storage may slow down the overall market growth.
Study of the COVID-19 Pandemic
The COVID-19 pandemic had a negative impact on the electric capacitor market. Due to lockdowns enacted by the government, several manufacturing plants, including those that produced capacitors and other electronic components had to close. The market impact was further impacted by the lack of skilled labor and the scarcity of raw resources brought on by the stringent restrictions on the import and export of products. Many government-funded transmission and distribution projects were also closed, which also had an impact on the market’s expansion.
Regional Insights
Asia-Pacific dominated the electric capacitor market. Due to rising consumer and wearable electronics demand as well as rising industrial and electronic equipment demand for polymer-based capacitors. The rising use of automation in various industries is also expected to enhance demand for electric capacitors. The market is expanding quickly due to increased Internet of Things (IoT) usage.
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In the future, IoT may run on superconductors. Additionally, due to its lightweight design and straightforward charging and discharging capabilities, it has successfully replaced conventional batteries. Capacitors have become an essential part of almost every electronic device with the development of technology. The activities described above will likely play a significant role in the market’s expansion in this region during the projection period.
Leading Competitors
The leading competitors in the global electric capacitor market are:
Siemens AG
ABB Ltd
Schneider Electric
Kemet Corporation
Suzhou Maxwell Technologies Co Ltd
AVX Corporation
Cornell Dubilier
Murata Manufacturing Co Ltd
WIMA GmbH
TDK-EPC Corporation
Samsung Electronics Co Ltd
Panasonic Corp
Others
Segmentation Analysis
The global electric capacitor market segmentation focuses on Type, Capacity, Application and Region.
Segmentation based on Type
Plastic Film
Ceramic
Aluminum Electrolytic
Others
Segmentation based on Capacity
Low Voltage
High Voltage
o Voltage Range
? 500-1000V
? 1001-7000V
? 7001-14000V
? Above 14000V
Segmentation based on Application
Power Generation
Transmission
Distribution
Others
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Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
Aim of the Report
- This study aims to determine the market size of various segments and countries with forecast values for next ten years.
- Within the regions and countries studied, the report covers both qualitative and quantitative aspects of the industry.
- It also provides detailed information about the crucial aspects such as drivers & challenges that will influence the market’s future growth.
- The report will also include investment opportunities in micro markets for stakeholders. In addition, an in-depth analysis of key players’ products and the competitive landscape.
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