Electric Capacitor Market – By Material, By Polarization, By Voltage, By End use and Forecast, 2025 – 2034

Electric Capacitor Market Size

The global electric capacitor market was valued at USD 21.3 billion in 2024 and is estimated to grow at a CAGR of 7.4% from 2025 to 2034.
 

The electric capacitor industry has seen significant advancements in recent years, establishing a robust presence across diverse electronic and electrical applications. Its widespread use and exceptional ability to efficiently store electrical energy have driven its growing adoption. Moreover, the increasing complexity, advanced functionality, and integration of devices utilizing cutting-edge microprocessors are driving the need for higher capacitance. This trend is fueling a rapid rise in demand for capacitors, particularly in emerging economies where technological adoption and industrialization are accelerating.
 

The industry is poised for growth driven by a favorable outlook on electronic components, supported by substantial investments in consumer electronics, automotive sectors, and manufacturing facilities. In recent years, the number of electronic control units (ECUs) integrated into vehicles has increased significantly with advancements in automotive electrification. Capacitors used in these applications are required to be lightweight, compact, and durable, capable of withstanding vibration, extreme temperatures, high currents, and voltages. Additionally, they must ensure low resistance to minimize temperature rise, optimizing performance and reliability.
 

Electric Capacitor Market Trends

The demand for electric capacitors continues to grow across various industries including automotive, consumer electronics, telecommunications, industrial manufacturing, and renewable energy. These sectors rely on capacitors for energy storage, power factor correction, noise suppression, and other critical applications. The increasing emphasis on miniaturization and higher capacitance products has led to a rising need for smaller, more efficient capacitors, particularly for portable electronic devices and automotive systems. In response, manufacturers are prioritizing the development of capacitors with enhanced capacitance values in compact designs, driving market expansion. Additionally, rapid and continuous technological advancements are fostering the creation of innovative capacitor types, such as multilayer ceramic capacitors (MLCCs), solid-state capacitors, and polymer electrolytic capacitors, further propelling industry growth.
 

Electric Capacitor Market Analysis

The ceramic electric capacitor industry will exceed USD 19 billion by 2034. Ceramic capacitors are favored for their reliability, compact size, and cost-effectiveness, making them ideal for high-frequency and high-temperature applications. The rapid miniaturization of electronic devices coupled with the increasing demand for components that support high-density circuitry has fueled the adoption of multilayer ceramic capacitors (MLCCs). Manufacturers are focusing on innovations in dielectric materials and manufacturing processes to develop capacitors with greater capacitance in smaller form factors, catering to the evolving requirements of modern electronic applications.
 

The transmission & distribution end use market will grow at a CAGR of over 6.2% till 2034. Capacitors play a critical role in improving power quality, enhancing grid stability, and supporting efficient energy transmission across long distances. As utilities expand their transmission networks to accommodate increasing electricity demand and integrate intermittent renewable energy sources, the need for high-voltage capacitors is rising. The growing adoption of advanced capacitor technologies, such as shunt capacitors and series capacitors, is further bolstering market expansion. Additionally, emerging trends in smart grids and flexible AC transmission systems (FACTS) are driving demand for capacitors that support dynamic grid operations.
 

U.S. electric capacitor market is set to reach over USD 6 billion by 2034. The electric capacitor industry across the country has experienced a surge in demand fueled by the ongoing modernization of electrical transmission and distribution systems. The rising adoption of smart grid technologies to promote energy efficiency and integrate renewable energy sources is driving increased deployment of capacitors. Market growth is further supported by the expansion of renewable energy projects and the need to retrofit and replace aging infrastructure.
 

Asia Pacific market is witnessing substantial growth, driven by rapid industrialization, urbanization, and the increasing adoption of renewable energy across the region. Countries like China, India, and Japan are leading the market due to their expanding energy infrastructure, rising demand for consumer electronics, and growing electric vehicle (EV) production. The region's push toward grid modernization, coupled with significant investments in transmission and distribution networks, has further accelerated the adoption of capacitors for power quality improvement and energy efficiency.
 

Electric Capacitor Market Share

Leading players in the electric capacitor industry including ABB, Kemet, Panasonic, TDK, among others continue to prioritize the development of high-quality capacitors with enhanced capacitance capabilities to meet the growing demands of diverse applications. Technical innovation remains a core focus with manufacturers investing heavily in advanced materials, improved designs, and state-of-the-art production processes to deliver capacitors that excel in efficiency, durability, and performance.
 

Electric Capacitor Market Companies

Major players operating in the electric capacitor industry are:

• ABB
• Cornell Dubilier
• Elna
• Havells India
• Kemet
• Kyocera AVX Components
• Murata Manufacturing
• Panasonic
• Samsung Electro-Mechanics
• Schneider Electric
• Siemens
• Taiyo Yuden
• TDK
• Vishay Intertechnology
• Wima
• Xuansn Capacitor
   

Electric Capacitor Industry News

• In October 2024, TDK Corporation has unveiled the xEVCap, a standardized and modular DC link capacitor specifically designed for powertrain inverters used in passenger cars, commercial vehicles, off-highway vehicles, and machinery tools. The xEVCap offers customizable design options, enabling tailored solutions to meet specific application requirements. This modular approach streamlines development processes, making it particularly suitable for large-scale production while addressing the demands of various automotive and industrial applications efficiently.
   
• In March 2024, KEMET launched new T581 series, the first polymer tantalum surface-mount capacitors to meet military performance specifications. These capacitors are specifically designed to provide a reliable solution for high-performance military applications, offering full compliance with MIL-PRF qualifications. The T581 series combines the high volumetric efficiency of polymer tantalum technology with robust performance standards, making it an ideal choice for applications requiring dependable, high-reliability components.
   

This electric capacitor market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume (‘000 Units) and revenue (USD Billion) from 2021 to 2034, for the following segments:

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