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Electric Capacitor Market Size - By Material (Film, Ceramic, Electrolytic), By Polarization (Polarized, Non-Polarized), By End-Use (Consumer Electronics, Automotive, Communication & Technology, Transmission & Distribution), Voltage & Forecast, 2024 - 2032

  • Report ID: GMI3824
  • Published Date: May 2023
  • Report Format: PDF

Electric Capacitor Market Size

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. Its utilization in varied applications and high suitability to provide efficient storage of electrical energy has favored its adoption. Furthermore, the enhanced complexity, functionality, and convergence of devices that utilize state-of-the-art microprocessors is entailing increased capacitance and hence the demand for these products is growing exponentially across the emerging economies.

 Electric Capacitor Market

Positive outlook toward electronic components, predominantly due to investments in consumer electronics, automotive, and other manufacturing facilities will boost the industry growth. In recent years, the quantity of electronic control units (ECUs) installed within a vehicle has enhanced with the progression of automobile electrification. The requirement for capacitors across these applications are lightweight, small, and can withstand vibration, temperature, current & high voltage while achieving low resistance to optimize temperature rise. In response to these necessities, the automakers are adopting design & simulation technologies to create suitable products. The increasing focus toward manufacturing designs that contribute to miniaturization, cost reduction and superior performance will further lead to intensified demand.


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.


The utilization of capacitors in the power sector is witnessing momentum due to increasing investments toward power grids driven by growing global power demand. The power capacitors improve the quality, efficiency, performance of electrical systems & minimize the power losses. Consequently, they reduce the environmental impact and thus their adoption is expected to grow substantially across the forecast timeline.


COVID- 19 Impact

The COVID- 19 outbreak has impacted the overall electric capacitor market along with other end use industries. Supply chain disruptions decreased product demand in certain sectors, along with price fluctuation were the major impact caused due to the pandemic. The global capacitor industry heavily relies on the supply of raw materials and components from various countries. The pandemic led to disruptions in the global supply chain, including manufacturing shutdowns, transportation restrictions, and delays in the delivery of raw materials. These disruptions affected the production capacity and caused delays in the delivery of capacitors to customers.

However, the economies gradually recovered from the pandemic, the market is expected to regain momentum. The resumption of manufacturing activities, easing of supply chain constraints, and increased demand for electronic devices are likely to drive the growth of the capacitor market in the post-pandemic period.

Electric Capacitor Market Trends

The demand for electric capacitors was being driven by various industries, including automotive, consumer electronics, telecommunications, industrial manufacturing, and renewable energy. These sectors were utilizing capacitors for energy storage, power factor correction, noise suppression, and other applications. Increasing adoption for miniaturization and higher capacitance products has witnessed a growing need for smaller and more efficient capacitors, especially in portable electronic devices and automotive application. As a result, manufacturers are focusing on developing capacitors with higher capacitance values in smaller form factors to meet these requirements, which in turn is boosting the electric capacitors market growth.

Continuous & exponential technological advancement is leading to the development of innovative capacitor designs, such as multilayer ceramic capacitors (MLCCs), solid-state capacitors, and polymer electrolytic capacitors. These advancements were aimed at improving performance, reliability, and energy storage capabilities. In addition, the increasing adoption of renewable energy sources, such as wind and solar, is driving the demand for electric capacitors. Capacitors are used in renewable energy systems for power conversion, energy storage, and grid stabilization, thereby channeling growth to the market on a positive note.

Electric Capacitor Material Market Analysis

Electric Capacitor Market Size, By Material,

Film capacitors or film dielectric have witnessed growth on account of their higher stability and lower inductance cost. It offers capacitance ranging from 1nF to 30µF and are characterized by long service life & high extent of reliability. These units have gained extensive penetration which can be attributed to their suitability across applications where high temperatures may be encountered, and frequency stability is of paramount importance. These capacitors are pursuing opportunities in the growing environment-friendly market, specifically the power and automotive sectors. Their increased utilization across Electric Vehicles (EVs), Hybrid Electric Vehicles (HEVs), and wind & solar power systems due to slower aging and low average failure rate is anticipated to replace its counterparts in the coming years.

The suppliers of film capacitors are focusing on building high temperature & electrical characteristics to boost the penetration across emerging and established applications. The propensity to perform stable operations at high power, temperature and vibrational automotive environments will instigate a favorable electric capacitors market scenario. The constant adoption of these products is characterized by a large number of players prevailing in the industry focused on continual enhancement of the film materials including polyester, polypropylene, and others. These capacitors hold a significant amount of industry penetration and finds its extensive deployment across power applications owing to their high dielectric strength, low dielectric constant, and volumetric mass.

Electric Capacitor Market Revenue Share, By End Use,

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. The increasing functionality & complexity of the electronic devices coupled with growing utilization of these products in large volumes to provide on-demand energy, noise filtering, decoupling of signals, and increased operational frequency has triggered industry players to streamline their product line.

The need to enhance fuel efficiency, level of safety, driving performance, and convenience has augmented the use of electronic assemblies & modules used in automobiles. The number of these assemblies and modules including capacitors is predicted to increase as automakers are focusing on advanced propulsion technologies to meet new emission regulations. The extensive adoption of automotive grade capacitors in a variety of car systems including accessory, engine control, safety, wiper control circuits, lighting, vehicle navigation, speech recognition, and body control structures impart a positive electric capacitor market scenario. In addition, the growing electrification of the commercial vehicles and focus on fuel economy standards and incentives for low or zero emission vehicles will foster the industry growth.

North America Electric Capacitor Market,

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. The market is further driven by growth in renewable energy and retrofitting & replacement of aging infrastructure.

Utilities across North America are adopting strategies to limit the transmission & distribution losses by installing distribution capacitors. The stringent framework on grid modernization coupled with support mechanisms and endowments provided by state-owned utilities will propel the industry growth. In addition, advancements of robotics & drone technology require a large number of aluminum, tantalum, and ceramic chip capacitors to operate and their connection with the IoT is expanding the growth prospects for the industry. There has been massive investment for fiber optic buildout and 5G wireless network technology that act as an avenue for new technologies prospects.

In addition, the government across the region, specifically the U.S. has proposed agendas including deregulation and significant cut in corporate tax that benefits the telecommunication industry, hence directly propelling the capacitor demand. Technological advancements and continued pursuit of customer centricity are at the core of this industry and will continue to act as an avenue for growth over the forecast period.

Electric Capacitor Market Share

Key manufacturers operating in the electric capacitor market includes :

  • Siemens
  • ABB
  • KEMET Corporation
  • Murata Manufacturing Co. Ltd.
  • Vishay Intertechnology, Inc.
  • KYOCERA AVX Components Corporation
  • Cornell Dubilier
  • Panasonic Corporation
  • ELNA CO., LTD.
  • TDK Corporation
  • Schneider Electric
  • Havells India Ltd.
  • Xuansn Capacitor
  • WIMA GmbH & Co. KG.

The development of high quality and maximum capacitance providing capacitors, technical innovation, timely delivery and competitive pricing has continued to be the focal point for the leading players to secure a competitive position in the market.

Electric Capacitor Industry News

  • In April 2023, ABB launched electrical asset monitoring platform, CogniEN, for cognitive electrical networks used in renewable energy infrastructure, data centers, and EV charging applications. The platform is suited for cognitive electrical network utilizing data intelligence that allows operators to identify problems with the related electrical installation.
  • In February 2023, KEMET introduced a new series of electrical capacitors, AAR80 series, an AEC-Q200 aluminum rectangular capacitor, designed for automotive applications. The product offers good ripple current capability, high capacitance, and robust vibration resistance. The introduction of new product series is anticipated to increase the product adoption across automobile applications, thereby augmenting the overall market growth.

This electric capacitor market research report includes in-depth coverage of the industry with estimates & forecast in terms of ‘Thousand Units & ‘USD Million’ from 2019 to 2032, for the following segments:

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Market, By Material

  • Film capacitors
  • Ceramic capacitors
  • Electrolytic capacitors
  • Others

Market, By Polarization

  • Polarized
  • Non-Polarized

Market, By Voltage

  • Low
  • Medium
  • High

Market, By End Use

  • Consumer Electronics
  • Automotive
  • Communications & Technology
  • Transmission & Distribution
  • Others

The above information has been provided for the following regions and countries:

North America

  • U.S.
  • Canada
  • Mexico


  • UK
  • France
  • Germany
  • Italy
  • Austria


  • Russia
  • Belarus
  • Kazakhstan
  • Armenia
  • Kyrgyzstan

Asia Pacific

  • China
  • Japan
  • India
  • South Korea
  • Australia


  • Azerbaijan
  • Moldova
  • Tajikistan
  • Turkmenistan

Middle East & Africa

  • Saudi Arabia
  • UAE
  • Qatar
  • Kuwait

Latin America

  • Brazil
  • Argentina
  • Chile


Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The market size of electric capacitor was worth over USD 20.6 billion in 2023 and will progress at more than 7.1% CAGR between 2024 and 2032, propelled by the enhanced complexity, functionality, and convergence of devices that utilize state-of-the-art microprocessors.

electric capacitor market is likely to surpass a mammoth of $25 billion by the end of 2025.

The consumer electronic end-use segment will amass notable revenues by 2032, owing to the growing utilization of these products in large volumes to provide on-demand energy, noise filtering, decoupling of signals, and increased operational frequency.

North America market is slated to witness considerable growth over 2023-2032, as a result of the increasing adoption of smart grids to encourage energy conservation and integration of renewable energy in the region.

Electric Capacitor Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 23
  • Tables & Figures: 1157
  • Countries covered: 53
  • Pages: 830
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