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Polarized Electric Capacitor Market Size - By Material (Film capacitors, Ceramic capacitors, Electrolytic capacitors), By Voltage (Low, Medium, High), By End Use & Growth Forecast, 2024 – 2032

  • Report ID: GMI9953
  • Published Date: Jun 2024
  • Report Format: PDF

Polarized Electric Capacitor Market Size

Polarized Electric Capacitor Market was valued at USD 3.16 billion in 2023 and will grow at a CAGR of 7.6% from 2024 to 2032, due to technological advancements, increasing demand in various applications, and evolving market dynamics. Polarized electric capacitors, which include electrolytic and tantalum capacitors, are essential components in electronic circuits for applications requiring higher capacitance values and voltage ratings. They are widely used in consumer electronics, automotive, industrial, and telecommunications sectors.

Polarized Electric Capacitor Market

Rise in demand for consumer electronics coupled with rapid increasing automotive expansion across the globe with the adoption of EVs is complementing the business scenario. As a result, the automotive sector, particularly electric vehicles (EVs) and hybrid electric vehicles (HEVs), is increasingly adopting polarized capacitors for energy storage, power conditioning, and filtering applications.

Polarized Electric Capacitor Market Trends

Advancements in industrial automation coupled with rising miniaturization and high-performance capacitors will increase the product adoption, thereby augmenting the market growth. Industrial automation and the expansion of IoT (Internet of Things) are driving the need for reliable capacitors in power supplies, motor drives, and control systems. In addition, significant trend towards miniaturization and the development of high-performance capacitors with higher energy densities, longer life spans, and better reliability is complementing the market scenario.

Polarized Electric Capacitor Market Analysis

Polarized Electric Capacitor Market, By Material, 2022 - 2032 (USD Billion)

Based on material, the film capacitor industry is anticipated to exceed over USD 1.5 billion by 2032. Advancements in dielectric materials and electrolytes along with increasing advance manufacturing technique are leading to capacitors with higher capacitance, better temperature stability, and longer operational life.

Polarized Electric Capacitor Market Revenue Share, By End Use, 2023

Based on end use, the automotive industry is expected to grow over 7.5% CAGR through 2032. Continued investment in research and development is critical for addressing challenges related to miniaturization, performance enhancement, and cost reduction across automobile segment, thereby contributing to the market growth.

Asia Pacific Polarized Electric Capacitor Market Size, 2022 – 2032 (USD Billion)

Asia Pacific polarized electric capacitor market size surpass USD 2 billion by 2032, owing to its large electronics manufacturing base, particularly in China, Japan, and South Korea. In addition, the region is also seeing significant growth in the automotive and industrial sectors, which in turn will complement the business scenario. Furthermore, regulations regarding electronic waste and the use of hazardous materials are influencing the production and disposal of polarized capacitors across the countries including Japan, Australia, & South Korea where manufacturers are focusing on developing environmentally friendly products. This is expected to have a positive product deployment across regulatory governed industries including transmission & distribution and automotive.

The U.S. polarized electric capacitor market is driven by technological advancements, high demand for consumer electronics, and robust automotive and industrial sectors. In addition, rapid technological changes will make existing products obsolete, necessitating continuous innovation and adaptation.

Polarized Electric Capacitor Market Share

Polarized Electric Capacitor Company Market Share Analysis, 2023

Companies including ABB, Siemens, Schneider Electric, Panasonic Corporation Murata Manufacturing Co., Ltd. Are among the key operating players in the market. Leading market players have consistently prioritized developing high-quality capacitors with maximum capacitance. They have also emphasized technical innovation, timely delivery, and competitive pricing as key strategies to secure and strengthen their competitive positions in the market.

Polarized Electric Capacitor Market Companies

Major key players operating across the polarized electric capacitor industry are:

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

Polarized Electric Capacitor Industry News

  • In March 2024, Schneider Electric decided to invest around USD 140 million to expand its manufacturing capabilities in the U.S. to assists critical infrastructure, industries, and data center demand. This investment will increase the production of electric capacitors, thereby spurring growth to the market.
  • In April 2024, TDK Corporation introduced the new EPCOS B43659 series of snap-in aluminum electrolytic capacitors. These next-generation, ultra-compact general-purpose components are designed for 450 V (DC) applications and feature a high CV product. The launch of the new product will further strengthen the company’s market positioning, thereby contributing to the overall market growth.

This polarized electric capacitor market research report includes in-depth coverage of the industry with estimates & forecast in terms of ‘Thousand Units & USD Billion’ from 2021 to 2032, for the following segments:

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Market, By Material

  • Film capacitors
  • Ceramic capacitors
  • Electrolytic capacitors
  • Others

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 
  • Europe
    • UK
    • France
    • Germany
    • Italy
    • Austria
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa 
  • Latin America
    • Brazil
    • Argentina


Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The market size of polarized electric capacitor was worth USD 3.16 billion in 2023 and is projected to expand at 7.6% CAGR from 2024 to 2032, led by the rise in demand for consumer electronics coupled with rapid expansion of automotive sector.

The film capacitor material segment in the polarized electric capacitor industry is projected to surpass USD 1.5 billion by 2032, due to the rising advancements in dielectric materials and electrolytes along with increasing advance manufacturing technique.

The automotive end-use segment in the polarized electric capacitor industry is estimated to grow at over 7.5% CAGR between 2024 and 2032, due to the rising trend of miniaturization, need for performance enhancement, and cost reduction.

Asia Pacific polarized electric capacitor industry is estimated to surpass USD 2 billion by 2032, owing to the presence of large electronics manufacturing base, particularly in China, Japan, and South Korea.

Polarized Electric Capacitor Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 16
  • Tables & Figures: 12
  • Countries covered: 18
  • Pages: 90
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