Global Capacitor Market to Garner USD 61.1 Billion by 2032, at 6.20% CAGR from 2023 to 2032

The capacitor market is projected to register notable revenue growth during the next few years. The significant expansion of the consumer electronics industry would drive market growth. According to Market Research Future (MRFR), the global capacitor market value is poised to escalate from USD 35.6 BN in 2022 to USD 61.1 BN by 2032, growing at a 6.20% CAGR during the assessment period (2023-2032). 

Capacitors are extensively used in wireless telecommunications, high-powered lasers, and electric vehicles’ regenerative braking systems. The extensive uptake of capacitors in energy, consumer electronics, industrial, and automotive sectors pushes the market growth. Besides, the growing use of smartphones, tablets, wearable technology, and other electronic devices substantiates the capacitor market size. 

Increasing applications of capacitors in portable electronic medical devices is a major driving force behind the market growth. Additional factors bolstering the growth in the market include the increasing need for energy conservation and the demand for high-performance capacitors from the automotive sector. Evolving energy storage technologies substantiate the capacitor market revenues excellently.

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Market Players

Players leading the capacitor market are

• Maxwell Technologies, Inc.
• Murata Manufacturing Co., Ltd.
• Samsung ElectroMechanics
• TDK Corporation
• Nippon Chemi-Con Corporation
• AVX Corporation
• CAP-XX Limited
• Kyocera Corporation
• Taiyo Yuden Co., Ltd.
• Yageo Corporation
• Panasonic
• KEMET Corporation
• Darfon Electronics
• Vishay Intertechnology
• Johanson

Global Capacitor Market – Segmentation

The report has been segmented into types, voltage, end-use industries, and regions. The type segment is sub-segmented into ceramics, aluminum, tantalum, papers, plastics, and supercapacitors. The voltage segment is sub-segmented into low voltage and high voltage. The end-use industry segment is sub-segmented into telecom, computers, consumer electronics, automotive, industrial, and others. By regions, the capacitor market is segmented into North America, Europe, APAC, and the rest of the world.

Global Capacitor Market – Regional Analysis 

North America dominates the global capacitor market due to the development of small form factor capacitors for portable electronic gadgets. Besides, the increase in electric vehicle production and implementation of advanced technologies create a vast demand for capacitors. The spurring rise in the automotive and consumer electronics industries substantiates the capacitor market revenues. 

Furthermore, the growing demand for increasing R&D activities and strict regulation pertaining to environment-friendly technologies are driving the regional market. Due to the presence of major electronics manufacturers and rising demand for digital technologies, the US and Canada are countries that account for major contributors to the regional market growth.

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The European capacitor market demonstrates a huge potential for revenue generation. The growing power generation & renewable energy capacities, rising demand for electronic gadgets, and advances in in-car technologies boost the capacitor market size. Moreover, burgeoning electronics industries, especially in the UK and Germany, contribute to the region’s capacitor market share. 

APAC is the fastest-growing market for capacitors. The rising consumer electronics demand and quick industrialization across the region lead the market. Additionally, government programs supporting renewable energy and rising infrastructural investment escalate the region’s capacitor market value. The steady consumer electronics and automotive industry growth drives the regional market. 

China, Japan, and India are major capacitor markets due to the presence of many electronic device manufacturing companies in these countries. The availability of potent technologies at a much more affordable cost is a trend likely to continue in the upcoming years, which is further expected to help the regional market generate a substantial revenue pocket during the projected period.

Global Capacitor Market – Competitive Analysis 

Highly competitive, the capacitor market appears fragmented due to the presence of numerous well-established players. Strategic moves such as innovation, mergers & acquisitions, and brand reinforcement support the growth and expansion plans of the key players.

These players substantially invest in R&D to deliver reliable, leading-edge products and services. Strongly focused on enhancing their product portfolios with the latest technologies, these companies follow organic and inorganic growth approaches, engaging in product development. The market competition would intensify further with new entrants and product launches. 

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Industry/ Innovation/ Related News

Aug. 09, 2023 — TDK Corporation launched a new ultra-compact high-density snap-in capacitor series with extremely high capacitance density. The new capacitor series, EPCOS B43657, is an aluminum electrolytic capacitor series with snap-in terminals. These new capacitors have a service life of at least 2000 hrs. and operate at a maximum temperature of 105 °C. They cover a voltage rate between 450 V DC to 475 V DC with capacitance values from 120 µF to 1250 μF.

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