Low Voltage Electric Capacitor Market Size - By Material (Film, Ceramic, Electrolytic), By End-Use (Consumer Electronics, Automotive, Communication & Technology, Transmission & Distribution) & Forecast, 2023 - 2032

Low Voltage Electric Capacitor Industry Analysis

Low Voltage Electric Capacitor Market size was valued at USD 8.5 billion in 2022 and is set to record more than 7.6% growth rate from 2023 to 2032. The growing complexity, functionality, and integration of devices incorporating cutting-edge microprocessors require higher capacitance, resulting in a surging demand for these products, particularly in emerging economies.
 

To get more details on this report: Request Free Sample PDF
 

Investments in consumer electronics, automotive manufacturing, and related sectors is positive outlook for the electronic components industry. In recent years, the proliferation of electronic control units (ECUs) in vehicles, driven by the trend towards automobile electrification, has been noteworthy. Capacitors are in high demand for these applications due to their need to be lightweight, compact, capable of withstanding vibration, temperature fluctuations, high currents, and high voltage, all while maintaining low resistance to optimize temperature management. To meet these requirements, automakers are increasingly adopting design and simulation technologies to develop suitable capacitor products. The industry's growing emphasis on manufacturing designs that promote miniaturization, cost-efficiency, and superior performance is expected to further drive demand.
 

The growing trend towards enhanced functionalities in these devices has significantly increased the demand for improved storage capabilities, which is driving the growth of the low voltage electric capacitor market. The use of capacitors in the power sector is gaining momentum owing to increased investments in power grids driven by the rising global demand for electricity. Power capacitors play a crucial role in enhancing the quality, efficiency, and overall performance of electrical systems, while also minimizing power losses. This, in turn, has a positive impact on reducing environmental harm, and as a result, the adoption of power capacitors is anticipated to experience significant growth.
 

COVID- 19 Impact

The COVID- 19 outbreak has impacted the overall low voltage 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 electrical capacitor 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.
 

Low Voltage Electric Capacitor Market Trends

The demand for electric capacitors has been spurred by a range of industries, including automotive, consumer electronics, telecommunications, industrial manufacturing, and renewable energy. These sectors have been employing capacitors for diverse purposes like energy storage Systems, power factor correction, and noise suppression. The continuous and rapid advancement of technology is driving the creation of innovative capacitor designs, including multilayer ceramic capacitors (MLCCs), solid-state capacitors, and polymer electrolytic capacitors. These advancements are primarily focused on enhancing performance, reliability, and energy storage capabilities.
 

Low Voltage Electric Capacitor Material Segmentation

To get more details on this report: Request Free Sample PDF
 

Low voltage electric capacitor market from film capacitors is set to grow at a 7.7% CAGR through 2032, due to their advantages of higher stability, lower inductance, and cost-effectiveness. These capacitors have gained significant traction, primarily because of their suitability for applications where high temperatures and frequency stability are critical factors. Film capacitors are actively exploring opportunities in the expanding eco-friendly market, especially within the power and automotive sectors.
 

Film capacitor suppliers are prioritizing the development of high-temperature and superior electrical characteristics to expand their presence in both emerging and established applications. Their ability to maintain stable performance in demanding automotive environments with high power, temperature, and vibrations is expected to create a favorable environment for low voltage electric capacitor market growth. The consistent adoption of these products is marked by a large number of industry players dedicated to continually improving film materials such as polyester and polypropylene. These capacitors enjoy significant market penetration and are widely utilized in power applications due to their exceptional dielectric strength, low dielectric constant, and favorable volumetric mass properties.
 

Low Voltage Electric Capacitor End Use Segmentation

To get more details on this report: Request Free Sample PDF
 

The consumer electronics sector is poised to observe gains at nearly 8% up to 2032, driven by increasing needs in the smartphone, portable computing, and automotive industries. The rising complexity and functionality of electronic devices, combined with their extensive use for purposes such as on-demand energy supply, noise filtering, signal decoupling, and higher operational frequencies, have prompted industry players to refine and optimize their product offerings. Furthermore, the expanding trend of electrification in commercial vehicles, along with a focus on fuel economy standards and incentives for low or zero-emission vehicles, is forecast to drive industry growth.
 

Low Voltage Electric Capacitor Region Analysis

Asia Pacific low voltage electric capacitor market is projected to witness about 7% CAGR through 2032, due to its robust manufacturing capabilities in the consumer electronics and automobile industries. The shift in population from the lower-middle class to the higher-middle class in major economies like China, India, Japan, and South Korea is driving increased consumer spending. This shift is leading to changing consumption patterns, with a greater focus on discretionary spending, particularly in the consumer electronics sector, which directly fuels the demand for capacitors.
 

Many countries in the region have enjoyed prolonged periods of dynamic economic growth, resulting in an increasing consumer preference for electronic appliances. Furthermore, the accelerating growth of HVDC transmission technology and renewable energy sources including solar & wind along with the evolution of electrical vehicles infrastructure will drive the future need.
 

Low Voltage Electric Capacitor Industry Leaders

Key manufacturers operating in the low voltage electric capacitor market includes Siemens, ABB, KEMET Corporation, Murata Manufacturing Co., Ltd., Vishay Intertechnology, Inc., KYOCERA AVX Components Corporation, Cornell Dubilier, Panasonic Corporation, TAIYO YUDEN CO., LTD., SAMSUNG ELECTRO-MECHANICS, ELNA CO., LTD., TDK Corporation, Schneider Electric, Havells India Ltd., Xuansn Capacitor, and WIMA GmbH & Co. KG.
 

Low Voltage 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 electrical capacitor market growth.
   

This low voltage 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:

Click here to Buy Section of this Report

By Material

• Film capacitors
• Ceramic capacitors
• Electrolytic capacitors
• Others

By End Use

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

The above information has been provided for the following region & countries:

North America

• U.S.
• Canada
• Mexico

Europe

• UK
• France
• Germany
• Italy
• Austria

Eurasia

• Russia
• Belarus
• Kazakhstan
• Armenia
• Kyrgyzstan

Asia Pacific

• China
• Japan
• India
• South Korea
• Australia

CIS

• Azerbaijan
• Moldova
• Tajikistan
• Turkmenistan

Middle East & Africa

• Saudi Arabia
• UAE
• Qatar
• Kuwait

Latin America

• Brazil
• Argentina
• Chile