Non-polarized Electrolytic Capacitor Market Trends

Growth Drivers

• Increasing Adoption of Electrolytic Vehicles: The automobile sector is a big consumer of non-polarized capacitors, as they are used in different parts of automotive electronic systems. The part includes engine control units, navigation systems, and advanced driver-assistance systems. There is a substantial need for capacitors with high capacitance. The adoption of electrolytic vehicles is increasing and the integration of advanced electronics such as microprocessors to increase complexity and functionality in automobiles is expected to drive the growth of non-polarized capacitors in this sector. Installation of series capacitor in vehicles will provide high performance and reliability.
• Growing Investments in the Electronic Sector:  Businesses have started investing in transmission and distribution, consumer electronics, the automotive industry, and the correlated sector. A notable growth has been observed in the growing frequency of electronic control units (ECUs) resulting in vehicle electrification. The conclusion of this increasing demand made automakers adopt design and the latest technologies to develop capacitors to meet the specifications. The electronic sector is now aiming to manufacture designs that are cost-effective, miniature, and provide outstanding performance.

Challenges

• High Cost of Raw Materials: The production of large capacity non-polarized capacitors is very expensive as the raw material used in the capacitors is not affordable to the electronic sector resulting in high cost.

• Various products are present in the industry that can be used in place of non-polarized capacitors as they can meet all the demands of the growing automotive sector, the presence of such products is likely to hamper market growth.