Non-Polarized Electrolytic Capacitor Market size is poised to reach USD 75 Billion by the end of 2036, growing at a CAGR of 8% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of the non-polarized electrolytic capacitor was USD 16 Billion. The power sector is adopting capacitors on a large scale as it reduces energy consumption, this sector is driving the growth of the market. According to our recent survey, the application of power capacitors in the energy industry can result in a reduction in energy consumption of up to 15% which helps in saving energy costs.
The focus on renewable energy sources is growing progressively, such as solar and wind power. It is creating an increasing demand for non-polarized capacitors in the power generation sector, these capacitors are used in inverters, converters, and power factor correction circuits in these systems. This factor is believed to fuel the market growth of non-polarized electrolytic capacitors.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
~8% |
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Base Year Market Size (2023) |
~ USD 16 Billion |
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Forecast Year Market Size (2036) |
~ USD 75 Billion |
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Regional Scope |
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Material (Film, Ceramic, Electrolytic)
The film capacitor segment in non-polarized electrolytic capacitor market is estimated to gain the largest revenue share of about 45% in the year 2036. The segment growth can be attributed to the higher stability, lower inductance, and cost-effectiveness of the capacitors. These capacitors use thin plastic film as dielectrolytic. They provide a broad range of capacitance ranging from 1nF to 30nF with high reliability. As per the latest report film capacitor can be used for products with approximate 4000 V endurance. Moreover, they have a special feature of working under high temperatures and frequency which makes them popular in the electronic industry leading to the growth of the market.
End User (Consumer Electronics, Automotive, Communication & Technology, Transmission & Distribution)
The consumer electronics segment in non-polarized electrolytic capacitor market is estimated to gain a significant share of about 30% in the year 2036. The segment growth can be attributed to the growing need for smartphones, portable computing, and the automotive sector. The complex and improved functionalities of electronic devices which are majorly used in meeting the demand for energy supply, noise filtering, signal decoupling, and operation at higher frequencies have compelled industries to filter and optimize their product offerings.
Our in-depth analysis of the global market includes the following segments:
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Material |
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End User |
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APAC Market Forecast
The non-polarized electrolytic capacitor market in Asia Pacific is anticipated to hold the largest with a share of about 34% by the end of 2036. The market growth in the region is also expected on account of powerful manufacturing capabilities by integrating latest technology in the electronic industry. Asia is the core region in the manufacture of electronic devices, which is experiencing growing demand for non-polarized capacitors. The major consumers of these capacitors are consumer electronics, automotive components, and industrial equipment. The automotive industry is growing in countries including China, Japan, and South Korea, resulting in demand for non-polarized capacitors. According to a recent report, approximately USD 9 billion capacitors were exported from China. Moreover, countries have started investing in renewable energy projects, majorly in the countries supporting energy production by wind and solar energy contributing to the rising demand for non-polarized capacitors.
North American Market Analysis
The North America non-polarized electrolytic capacitor market is estimated to be the second largest, registering a share of about 25% by the end of 2036. The market’s expansion can be attributed majorly to the growing demand for consumer electronics and automotive applications. The high-power capacitors are majorly used in power electronics devices, phase shifters, X-ray flashes, and pulsed lasers, whereas the low-power capacitors are used as decoupling capacitors, filters, and A/D convertors. In the USA, the government has taken various initiatives to promote the automotive industry and supporting electronic manufacturing, renewable energy and technological advancements. As per the recent report, around USD 3 billion capacitors were exported from USA in 2022.
Author Credits: Abhishek Verma
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