New York, USA, July 21, 2023 (GLOBE NEWSWIRE) -- According to a comprehensive research report by Market Research Future (MRFR), “Capacitor Market Research Report Information By Capacitor Type, By End Use Industry, By Voltage and By Region –Market Forecast Till 2032, the market is anticipated to acquire a valuation of approximately USD 61.1 billion by the end of 2032. The reports further predict the market to flourish at a robust CAGR of over 6.20% during the assessment timeframe.
The increasing use of electronic devices, the burgeoning middle class, rising disposable incomes, technological advancements, and the rapid growth of the consumer electronics industry are the main factors driving demand for smartphones, tablets, wearable technology, and other electronic devices.
Key Players
Eminent industry players profiled in the global Capacitor market report include
- Murata Manufacturing Co., Ltd.
- Maxwell Technologies, Inc.
- Samsung Electro-Mechanics
- Nippon Chemi-Con Corporation
- TDK Corporation
- AVX Corporation
- Kyocera Corporation
- CAP XX Limited
- Taiyo Yuden Co., Ltd.
- Panasonic
- Yageo Corporation
- KEMET Corporation
- Vishay Intertechnology
- Darfon Electronics,
- Johanson.
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The tremendous growth of the consumer electronics industry is a major driver of the capacitor market's development. Consumer electronics have become a necessary part of daily life as more people rely on smartphones, computers, tablets, smartwatches, and other gadgets for communication, entertainment, and productivity. Because capacitors are essential components of consumer electronics, their use has grown as society's reliance on them has grown. One of the key factors propelling market expansion is the pervasive use of smartphones worldwide. Numerous features, such as internet access, multimedia capabilities, and sophisticated applications, are available on smartphones. They are now necessary for contemporary communication. Capacitors are used in telephones for power management, noise reduction, voltage regulation, and filtering. The market is growing as a result of rising smartphone demand, which also drives up capacitor consumption.
Report Scope:
| Report Metric | Details |
| Revenue Forecast in 2032 | USD 61.1 Billion |
| Growth Rate | CAGR of 6.20% from 2023 to 2032 |
| Base Year | 2022 |
| Study Period | 2023-2032 |
| Key Market Opportunities | Government initiatives promoting renewable energy |
| Key Market Drivers | Increasing demand for consumer electronics |
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Capacitor Market Dynamics
The popularity of tablets and laptops is increasing demand for capacitors, much like it did for smartphones. These devices require capacitors for energy storage, power supply stability, and efficient power transfer. Capacitors, for instance, are crucial to the signal processing, voltage management, and power conditioning of smart TVs. The use of smart TVs, which have features like high-resolution displays, internet connectivity, and streaming capabilities, is on the rise, which is boosting the need for capacitors.
A rising number of people are using wearable technology, such as fitness trackers and smartwatches, to keep track of their health and stay connected. Capacitors are essential components in these systems because they provide capabilities for power management, data storage, and energy harvesting. As wearable technology advances and permeates more aspects of daily life, the demand for capacitors will rise. The development of the Internet of Things (IoT) is another important element. In Internet of Things (IoT) devices like linked appliances, smart metre, and home automation systems, capacitors are used to control the power supply and store energy.
As IoT devices proliferate in both homes and businesses, there is an enormous demand for capacitors.
Additionally, the demand for capacitors with certain performance characteristics is fueled by the continual development of cutting-edge consumer electronics products. To stay up with evolving consumer electronics industry demands, such as for capacitors with bigger capacitance, increased energy density, and enhanced temperature and voltage ratings, capacitor manufacturers are investing in R&D. Therefore, the rapid rise of the consumer electronics industry is a key element driving the capacitor market's expansion. Due to the expanding demand for smartphones, laptops, tablets, smart TVs, wearable technology, and IoT products, capacitors are becoming more and more essential in applications for power management, energy storage, and voltage regulation.
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Capacitor Market Segmentation
Papers and plastics, ceramics, tantalum, aluminium, and supercapacitors are among the segments of the capacitor market that are based on the kind of capacitor. The ceramics category dominated the market in 2022 with 30.54% of market revenue because more people are using electrical gadgets and that trend is anticipated to continue.
Based on end-use industry, the capacitor market is segmented into telecom, computers, consumer electronics, automotive, industrial, and others. Consumer electronics was the industry segment that generated the highest revenue.
High voltage and low voltage are two voltage-based segments of the capacitor market. The low voltage category generated the highest revenue. Low voltage capacitors are widely used in a variety of industries, including consumer electronics, automotive, telecommunications, and industrial sectors.
Regional Analysis
The analysis offers market insights for North America, Europe, Asia-Pacific, and the rest of the world, by region. In 2022, this market was dominated by the North American capacitor market (45.80%). North American growth has been accelerated by the creation of ultra-small case-size capacitors for portable electronic devices and a rise in the manufacturing of electric vehicles. Additionally, the North American market for capacitors in the United States had the biggest market share, while the market for armour materials in Canada grew the fastest.
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As consumer electronics continue to alter as a result of technical advancements and the introduction of new goods, opening up opportunities for innovation and market expansion, the need for capacitors is expected to rise continuously. driving the income of the capacitor market.
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