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Polarized Electric Capacitor Market Trends

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

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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.

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.