Aluminum Electrolytic Capacitor Market to Reach Valuation of USD 6.58 Billion by 2028 - Surge in Usage in Defense, Aerospace, and Automotive Applications to Drive the Market Growth

From the period of 2022 to 2028, the Global Aluminum Electrolytic Capacitor Market is expected to reach USD 6.58 Billion in terms of revenue, growing at a Compound Annual Growth Rate (CAGR) of 3.60%.

Electrolytic capacitors are polarized capacitors with a metal positive plate or anode, such as aluminum or tantalum, that oxidizes to generate an insulating oxide layer that acts as the dielectric. The main distinction between electrolytic capacitors and ordinary capacitors is that metal oxide layers and an electrolyte separate the conducting plates on the opposite ends of the latter. Because of their tiny size, high capacitance per volume, and low cost compared to conventional capacitors, these electronic circuit components are gaining favor across a wide range of sectors. Furthermore, the increased use of supercapacitors, a form of electrolytic capacitor with stacked capacitors, in a variety of devices to provide capacitance greater than thousands of farads, is expected to boost demand in the global market. Despite the various advantages of electrolytic capacitors, drawbacks like as short life, equivalent series resistance, low value tolerance, and high leakage currents, to name a few, are hindering their widespread use in a variety of industries. As a result, sales of electrolytic capacitors are suffering. In addition, customers' increasing preference for multilayered ceramic capacitors (MLCCs) in modern cellphones, entertainment systems, and other computing solution devices is constraining demand for electrolytic capacitors.

Key Highlights from the Report

• The market is divided into two categories based on voltage: high voltage and low voltage. High Voltage was the market leader in 2020. Electrolytic capacitors are utilized in a variety of applications, including ripple voltage reduction and signal smoothing filters. They're found in inverter main circuits, switching mode power supplies, control circuits, and computer motherboards, among other electronic items and components. As a result, increased demand for these products and components is likely to open up attractive market opportunities around the world.

• The market is divided into industrial, telecommunications, computers, consumer electronics, energy and power, automotive, and others based on the end user. Automotive dominates the Global Aluminum Electrolytic Capacitor Market, and this dominance is expected to continue throughout the projected period. Electrolytic capacitors are used in electric vehicles for high-density power supply, and aluminum electrolytic capacitors are preferred due to their high efficiency. The aluminum electrolytic market is predicted to rise significantly over the forecast period as a result of the rising use of electric vehicles. According to the International Energy Agency, global electric vehicle sales surpassed 2.1 million in 2019, breaking the previous year's record. Furthermore, sales of electric vehicles climbed by 40% year over year.

• is the fastest regional segment in terms of growth. The increasing telecommunications sector is driving demand for components of inverter main circuits and switching mode power supply, which is boosting demand for electronic gadgets such as personal computers across Asia Pacific. As a result, the market's major manufacturers are concentrating on releasing new products to fulfil the increased demand. Jianghai, a leading capacitor manufacturer in China, recently announced the release of three new electrolytic span-in capacitors – CD 895 ZK, CD 892 ZL, and CD 891 ZJ – that can be utilized on the primary side of switching mode power supplies. Electrolytic capacitor sales in Asia Pacific, excluding Japan, are likely to increase as a result of new product releases.

Market Dynamics:

Increased Application in Defense, Aerospace, and Automotive

With good quality research and a longer life span, new technologies are developing ways to employ Aluminum Electrolytic Capacitor in numerous areas. These capacitors, along with hermetically sealed packages, have found their way into the aerospace and defense industries for a variety of reasons, including cost savings over tantalum capacitors. The idea to utilize in these industries is the sealing established by new glass to aluminum. The sophisticated Aluminum Electrolytic Capacitor has 30G vibration resistance, allowing it to be used in automotive applications. Furthermore, their use in the automobile industry has increased due to superior lifetime and other criteria. These factors will make the Aluminum Electrolytic Capacitor business very profitable.

Electrolytic Capacitors are in High Demand due to their High Capacitance Value

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. Furthermore, the dielectric materials employed in these capacitors can provide exceptional insulating resistance, making them ideal for use in blocking, coupling, and timing circuits. Electrolytic capacitors are also widely used in a variety of applications that demand consistent performance in difficult environments, including jet aircraft engine control, automotive ignition, down-hole oil logging and exploration, and avionics and military applications.

Over the projection period, Europe is expected to have tremendous growth. The rising trend of electrification in the automotive sector, along with rising gasoline prices, has led in an increase in electric car sales in nations such as Germany, the United Kingdom, France, and others. According to a study conducted by the International Energy Agency, roughly 1.4 million electric vehicles would be sold across Europe in 2020, with Germany and France accounting for approximately 395,000 and 185,000 units sold, respectively. Due to the huge capacitance of electrolytic capacitors, which play a crucial function in regulating voltage in electronic circuits used in electric vehicles, increased sales of these vehicles are likely to aid market growth in Europe.