According to a new market report published by Lucintel, the future of the capacitor market looks promising with opportunities in the computer, telecom, consumer electronics, automotive, and industrial sectors. The global
capacitor market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $28.9 billion by 2025 with a CAGR of 4% to 6% from 2020 to 2025. The major drivers for this market are increasing demand for consumer electronics products, growing demand for premium smartphones, and increasing production of electric vehicles.
In this market, various type of capacitors, such as ceramic, aluminum, tantalum, paper/plastic, and supercapacitor are used in different end use industries. Ceramic capacitors will remain the largest segment due to increasing usage for multilayer ceramic capacitors (MLCC) in smartphones and electric vehicles. Supercapacitor market is expected to witness the highest growth over the forecast period due to increasing usage of supercapacitors in regenerative braking systems of electric vehicles.
Within the capacitor market, telecom will remain the largest end use industry due to the increasing demand for capacitors in tablet and smartphones. Lucintel predicts that capacitors for consumer electronics market is expected to witness the highest growth over the forecast period due to the growth in IoT enabled devices and increasing demand for various consumer electronics products, particularly in televisions, laptops, refrigerators, and others.
Asia Pacific will remain the largest region by value and volume and it is also expected to witness the highest growth over the forecast period due to the increasing electronic content in automotive and growth in consumer electronic devices & telecommunication products. Increasing usage of electric vehicles due to growing environmental concerns and regulations is also expected to drive the demand for capacitors in this region.
An emerging trend, which has a direct impact on the dynamics of the industry, includes development of ultra-small case size capacitors for portable electronic devices. Murata, Taiyo Yuden, Kyocera, Yageo, Samsung Electro Mechanics are among the major manufacturers of capacitors.
Lucintel, a leading global strategic consulting and
market research firm, has analyzed growth opportunities in the global capacitor market by capacitor type, end use industry, voltage, and region. Lucintel has prepared a comprehensive research report entitled
“Growth Opportunities in the Global Capacitor Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global capacitor market by end use industry, capacitor type, voltage, and region as follows:
By Capacitor Type [Volume (billion pcs) and $M shipment analysis for 2014 – 2025]:
Ceramic
Aluminum
Tantalum
Paper and Plastic
Supercapacitor
By End Use Industry [Volume (billion pcs) and $M shipment analysis for 2014 – 2025]:
Telecom
Computer
Consumer Electronics
Automotive
Industrial
Others
By Voltage [Volume (billion pcs) and $M shipment analysis for 2014 – 2025]:
By Region [Volume (billion pcs) and $M shipment analysis for 2014 – 2025]:
North America
US
Canada
Mexico
Europe
Russia
Germany
United Kingdom
France
Italy
Asia Pacific
China
India
South Korea
Japan
The Rest of the World
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