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

Non-Polarized Electric Capacitor Market Size

Non-Polarized Electric Capacitor Market was valued at USD 17.4 billion in 2023 and is estimated to attain 7% CAGR between 2023 and 2032. The electric capacitor sector has made remarkable strides, solidifying its presence in a broad spectrum of electronic and electrical applications. The widespread adoption of capacitors can be attributed to their versatility across diverse uses and their efficacy in storing electrical energy. As devices undergo continuous evolution, integrating advanced microprocessors to augment complexity, functionality, and integration, there is a substantial and growing requirement for capacitors with increased capacitance. This heightened demand is particularly noteworthy in emerging economies.
 

The electronic components industry is poised for favorable growth, driven primarily by investments in transmission and distribution, consumer electronics, automotive manufacturing, and related sectors. A significant impact on this growth is the increasing prevalence of electronic control units (ECUs) in vehicles, propelled by the trend towards vehicle electrification. In response to these demands, automakers are increasingly adopting design and simulation technologies to develop capacitors that meet stringent specifications. The industry's growing focus on manufacturing designs that prioritize miniaturization, cost-effectiveness, and superior performance is expected to further drive the demand for capacitors.

The incorporation of capacitors in the power sector is progressively gaining momentum, driven largely by increased investments in power grids spurred by the global demand for electricity. Power capacitors play a pivotal role in enhancing the quality, efficiency, and overall effectiveness of electrical systems, leading to a simultaneous reduction in power losses. Consequently, they make a positive contribution to minimizing environmental impact. This trend is anticipated to result in significant growth in the adoption of power capacitors in the years to come.
 

COVID- 19 Impact

The COVID- 19 outbreak has impacted the overall non-polarized 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. 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.
 

Non-Polarized Electric Capacitor Market Trends

The industry is witnessing a push towards miniaturization, driven by the demand for smaller electronic devices along with the increasing prevalence of consumer electronics, including smartphones and IoT devices, has led to a growing need for non-polarized capacitors. Ongoing advancements in materials and manufacturing technologies are contributing to improved performance and efficiency in capacitors. The rise of renewable energy projects and the expanding electronic content in automobiles, particularly with the rise of electric vehicles and advanced driver-assistance systems, are influencing the demand for non-polarized capacitors. In addition, there is a focus on capacitors capable of withstanding high temperatures and frequencies, particularly in aerospace and automotive applications.
 

The swift and continuous advancement of technology is driving the evolution of innovative capacitor designs, including multilayer ceramic capacitors (MLCCs), solid-state capacitors, and polymer electrolytic capacitors. The primary focus of these advancements is to enhance performance, reliability, and energy storage capacities. In adition, the growing uptake of renewable energy sources like wind and solar power is fueling the demand for electric capacitors. Capacitors are pivotal in renewable energy systems, supporting essential functions such as power conversion, energy storage, and grid stabilization, thereby contributing positively to the growth of the market.
 

Non-Polarized Electric Capacitor Market Analysis

The film capacitors or film dielectric capacitors is projected to experience approximately 6.8% growth rate from 2024 to 2032. This growth can be attributed to their several advantages, including higher stability, lower inductance, and cost-effectiveness. These capacitors offer a broad capacitance range, typically ranging from 1nF to 30µF, and are known for their extended service life and high reliability. They have gained significant popularity, primarily due to their suitability for applications where high temperatures and frequency stability are crucial factors.
 

• Film capacitors are actively exploring opportunities in the expanding eco-friendly market, especially within the power and automotive sectors.
   
• Their increased adoption in Electric Vehicles (EVs), Hybrid Electric Vehicles (HEVs), and renewable energy systems such as wind and solar power is driven by their slower aging and low average failure rate. This makes them a preferred choice over other capacitor types in the years to come.
   
• 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 boost non-polarized electric capacitor market development.

The consumer electronics sector is projected to witness around 7.5% growth through 2032, driven by the escalating needs within the smartphone, portable computing, and automotive sectors. The heightened intricacy and improved functionalities of electronic devices, coupled with their extensive use in activities such as on-demand energy supply, noise filtering, signal decoupling, and operation at higher frequencies, have compelled industry participants to refine and optimize their product offerings.
 

• The automotive industry's quest for improved fuel efficiency, enhanced safety, superior driving performance, and increased convenience has led to a growing dependence on electronic assemblies and modules.
   
• This reliance includes components such as capacitors, and their utilization is expected to increase as automakers increasingly turn to advanced propulsion technologies to comply with stringent emission regulations.
   
• Automotive-grade capacitors are being widely embraced across various automotive systems, encompassing accessory, engine control, safety, wiper control circuits, lighting, vehicle navigation, speech recognition, and body control structures, thereby creating a favorable business environment.
   
• Furthermore, the expanding trend of electrification in commercial vehicles, coupled with a focus on fuel economy standards and incentives for low or zero-emission vehicles, is set to propel industry growth.

The Asia Pacific non-polarized electric capacitor market will grow at a CAGR of over 6.5% through 2032, primarily driven by its robust manufacturing capabilities in the consumer electronics and automotive industries. The region, being a major center for electronics manufacturing, experiences increased demand for non-polarized electric capacitors, primarily driven by the production of consumer electronics, automotive components, and industrial equipment.
 

• The growth of the automotive industry in countries such as China, Japan, and South Korea further fuels the demand for non-polarized capacitors, particularly as vehicles integrate more electronic components.
   
• The region's substantial investments in renewable energy projects, particularly in countries embracing wind and solar power installations, contribute to the demand for capacitors in these systems.
   
• The continuous technological advancements in the electronics industry, coupled with government initiatives supporting electronics manufacturing, renewable energy, and technological innovation, play pivotal roles in shaping the market trends.
   

Non-Polarized Electric Capacitor Market Share

Leading players in the market have consistently prioritized the development of capacitors that offer high quality and maximum capacitance. They have also focused on technical innovation, ensuring timely delivery, and maintaining competitive pricing as key strategies to secure and strengthen their competitive positions in the market. In addition, the industry is marked by both established global players and regional companies, where the competition is driving innovation and efficiency, benefiting customers in terms of better technology and competitive pricing across the end use segment.
 

Non-Polarized Electric Capacitor Market Companies

Major players operating in the non-polarized electric capacitor industry are:

• 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
• WIMA GmbH & Co. KG
   

Non-Polarized 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 non-polarized 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 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

Asia Pacific

• China
• Japan
• India
• South Korea
• Australia

Middle East & Africa

• Saudi Arabia
• UAE
• Qatar
• Kuwait

Latin America

• Brazil
• Argentina
• Chile