The Global Aluminum Electrolytic Capacitor Market was valued at USD 5221.38 Million in the year 2020.
Companies Mentioned: Nippon Chemi-Con Corp.Nichicon Corporation, Rubycon Corporation, Panasonic Corporation, SUN Electronic Industries Corp.,ELNA CO., LTD, AIC Tech Inc., Vishay Intertechnology, Inc., TDK Corporation, Lelon Electronics Corp.,
The demand for aluminum electrolytic capacitors will witness a rise during the forecast period owing to an increase in the demand for consumer electronics worldwide. Furthermore, the increasing penetration of electronics in the automotive industry and the budding automation in manufacturing industries will further propel the market in the coming years. Factors such as the higher concentration of OEMs and ODMs across industries, including consumer electronics, automotive, healthcare, industrial, and others in the APAC region will significantly drive electrolytic capacitors market growth in subsequent years.
Also, the COVID-19 pandemic delayed the recovery, pushing back the timeline for capex in industrial equipment, while automotive-related products underwent production adjustments. Some overseas plants had to restrict operations due to lockdowns during the pandemic. Meanwhile, due to work-from-home/stay-at-home (WFH/SAH) situations, demand was relatively strong for high-valued-added products, such as conductive polymer capacitors for PCs and servers.
Moreover, demands for space saving, weight reduction, and power efficiency for in-vehicle devices increase the performance requirements, such as miniaturization, lower equivalent series resistance (ESR), and higher ripple current, which cannot be dealt with by conventional electrolytic capacitors. In order to respond to these requirements, Rubycon Corporation has developed a high-performance hybrid capacitor based on the conventional conductive polymer aluminum solid electrolytic capacitor (conductive polymer capacitor) using its original hybrid technology, thus contributing to the high functionality of in-vehicle equipment.
Additionally, increasing production of the manufacturing sector of the Asia Pacific region to cater the domestic requirements for superior quality products and rising exports from the region are factors leading to an increased demand for Aluminum Electrolytic Capacitors from the APAC region. Electrolytic capacitor market from consumer electronics will witness growth on account of a rise in the demand for smartphones, digital camcorders, laptops along with their short replacement cycles. Advent of new technologies including 4K & OLED televisions with diversifying electronic content & functionality necessitates the need for increased energy density, capacitance & bandwidth, thus stimulating the product adoption.