Aluminum Electrolytic Capacitor Market

Global Aluminum Electrolytic Capacitor Market

Aluminum Electrolytic Capacitor Market: By Type, Voltage, End Users and Region.

Market Synopsis:

The Global Aluminum Electrolytic Capacitor Market is valued at USD 5.18 Billion in the year 2022 and is projected to reach a value of USD 6.87 Billion by the year 2030. The Global Market is forecasted to grow exhibiting a Compound Annual Growth Rate (CAGR) of 3.60% over the forecast period.

The anode electrode of an Aluminum Electrolytic Capacitor is made of pure aluminum foil with an etched surface, and it is also known as a polarized capacitor due to its anodization technique. Because the anode is comprised of aluminum foil and covered with aluminum oxide insulation, these capacitors have a high CV. They find applications when a lot of capacitances is required. They can also be used to smooth signals. They're also found in inverter main circuits, computer motherboards, switching mode power supply, and other applications in industries like telecommunications, computers, consumer electronics, and automotive.

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Electrolytic capacitors are a type of passive component that is extremely reliable and stable. They're employed for a variety of commercial, industrial, and medical purposes. This is mostly due to their ability to resist extreme temperatures. Electrolytic capacitors are capable of operating at a wide range of temperatures. They can endure temperatures up to 250°C and have excellent stability and insulating resistance. Electrolytic capacitors have the most amazing leakage current-temperature properties when compared to most high-temperature capacitors on the market.

Despite the numerous benefits of electrolytic capacitors, limitations like as short life, equivalent series resistance, less value tolerance, and significant leakage currents, among others, are preventing their widespread implementation across multiple industries. Aluminum Electrolytic Capacitor sales are being hampered as a result of this. Furthermore, the growing preference of customers for multilayered ceramic capacitors (MLCCs) in new cellphones, entertainment systems, and other computing solution devices is limiting demand for electrolytic capacitors.

Market Segmentation:

The Aluminum Electrolytic Capacitor Market is segmented on the basis of Type, Voltage and End User. On the basis of type, the market is segmented into Solid aluminum electrolytic capacitors and non-solid aluminum electrolytic capacitors. On the basis of Voltage, the market is segmented into High voltage and Low voltage. On the basis of End User, the market is segmented into industrial, telecommunications, computers, consumer electronics, energy and power, automotive and others

Based on Voltage:

In 2021, the market was led by the High Voltage. Electrolytic capacitors are used in a variety of applications, including filtering devices that reduce ripple voltage and smooth signals. They're found in a variety of electronic goods and components, including inverter main circuits, switching mode power supply, control circuits, and computer motherboards. As a result, rising demand for these products and components is expected to open up lucrative potential in the global market.

Based on End User:

The global market for Aluminum Electrolytic Capacitor is led by Automotive, which is likely to maintain its lead during the forecast period. For high-density power supply, electrolytic capacitors are utilized in electric vehicles, and aluminum electrolytic capacitors are favored due to their great efficiency. As a result of the increased use of electric vehicles, the aluminum electrolytic market is expected to grow significantly throughout the projection period. Additionally, electric vehicle sales increased by 40% year over year. Many countries have been rapidly expanding their charging infrastructure in order to create an acceptable infrastructure environment for the surge in electric vehicle sales. epidemic, electric car sales increased by 43% in 2020 compared to 2019.

Asia Pacific to Continue Witnessing Fastest Adoption of Aluminum Electrolytic Capacitor

Asia Pacific is projected to acquire the largest market share with a share of 36.90%. Electronic gadgets, such as personal computers, are seeing rapid growth in demand across Asia Pacific, fuelled by the rising telecommunications sector, which is driving demand for components of inverter main circuits and switching mode power supplies. As a result, the market's leading manufacturers are focusing on releasing new goods to meet this rising demand. For example, Jianghai, one of China's major capacitor producers, recently announced the introduction of three new electrolytic span-in capacitors – CD 895 ZK, CD 892 ZL, and CD 891 ZJ – that can be used on the primary side of switching mode power supplies. Such new product introductions are expected to boost electrolytic capacitor sales in Asia Pacific, excluding Japan.

Competitive Landscape:

Key players operating in the Global Aluminum Electrolytic Capacitor Market include Jianghai, Nippon chemi-con, Panasonic, Sam Young, HEC, Aihua, Lelon, Vishay, RubyCon, KEMET and others.

Segmentation of the Global Aluminum Electrolytic Capacitor Market: