What is a capacitor market?

The capacitor market is a semi-consolidated market. The market is competitive with the presence of various large-scale manufacturers in the market across the globe. The capacitor market has long-standing established players who have made significant investments.

How big is the electric capacitor market in 2023?

Electric Capacitor Market size was valued at USD 20.6 billion in 2023 and is set to grow at 7.1% CAGR from 2024 to 2032. The electric capacitor industry in recent years has undergone various improvements and strengthened its roots across a spectrum of electronic & electrical applications.

What is influencing the electric capacitor market growth?

The trend of increasing functionalities has thrust the demand for better storage capabilities, influencing the electric capacitor market growth. The utilization of capacitors in the power sector is witnessing momentum due to increasing investments toward power grids driven by growing global power demand.

Why is North America electric capacitor market growing?

North America electric capacitor market has witnessed an inclination in the product demand due to the ongoing modernization of electrical transmission & distribution systems. The increasing adoption of smart grids to encourage energy conservation and integration of renewable energy will stimulate the product deployment.

How does the digital economy affect the electric capacitor market?

The digital economy gives rise to complexities in electronic appliances including TVs, smartphones, security systems, refrigerators, and electrical vehicles. The trend of increasing functionalities has thrust the demand for better storage capabilities, influencing the electric capacitor market growth.

What is the demand for electric capacitors in consumer electronics industry?

The demand for electric capacitors across the consumer electronics industry is gaining an appreciable market penetration owing to the escalating demand from smartphones, portable computing, and automotive industries.