Capacitors are selling well

How big is the capacitors market?

The Capacitors market in the U.S. is estimated at US$5 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.8 Billion by the year 2027 trailing a CAGR of 9.3% over the analysis period 2020 to 2027.

How competitive is the capacitor market?

Competitive Market: The capacitor market is highly competitive, with numerous manufacturers worldwide, leading to price pressures and the need for innovation. Alternative Technologies: Advancements in alternative energy storage technologies, like batteries and supercapacitors, may pose competition to traditional capacitors in certain applications.

What is the capacitor market size in 2024?

The Capacitor Market size is estimated at USD 25.21 billion in 2024, and is expected to reach USD 33.57 billion by 2029, growing at a CAGR of 5.90% during the forecast period (2024-2029).

Why is the capacitor market growing?

Despite these restrictions, the Capacitor market is expected to continue growing as electronic devices become more integrated into daily life and as emerging technologies like 5G, electric vehicles, and renewable energy systems drive demand for capacitors with specific performance characteristics.

Who are the major players in the capacitor market?

The capacitor market is semi-consolidated, with major players like Murata Manufacturing, TDK Corporation, and KEMET Corporation leading the charge through strategic collaborations and product innovations.

What are the key drivers and restrictions affecting the capacitor market?

Here are some key drivers and restrictions affecting the Capacitor market: Electronics Industry: The rapid growth of the electronics industry, including smartphones, computers, and consumer electronics, drives the demand for capacitors used in electronic circuits.