Non-polarized Electrolytic Capacitor Market Share

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.