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.
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.
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.
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.
The leading competitors in the global electric capacitor market are:
Suzhou Maxwell Technologies Co Ltd
Murata Manufacturing Co Ltd
Samsung Electronics Co Ltd
The global electric capacitor market segmentation focuses on Type, Capacity, Application and Region.
Segmentation based on Type
Segmentation based on Capacity
o Voltage Range
? Above 14000V
Segmentation based on Application
Segmentation based on Region
Rest of Western Europe
Rest of Europe
Australia & New Zealand
Rest of Asia Pacific
Middle East & Africa (MEA)
Rest of MEA
Rest of South America