Capacitor Market Faces Hurdles as Costs Rise – Supply Shortages and Power Price Increases Pose Challenges

Dublin, Oct. 20, 2023 (GLOBE NEWSWIRE) -- The "Global Aluminum and Film Capacitor Market (By Type, Voltage, Application, End-Users, & Region): Insights and Forecast with Potential Impact of COVID-19 (2022-2027)" report has been added to's offering.

The global aluminum electrolytic capacitor market is projected to reach US$7.18 billion in 2023, with a Compound Annual Growth Rate (CAGR) of 6.05% over the forecast period. Similarly, the global film capacitor market is anticipated to reach US$3.44 billion in 2023, experiencing a CAGR of 3.84% during the same period.

Understanding Capacitors:

Capacitors are passive electronic components used to store electric energy through charge separation in an electric field. Two major types discussed in this report are:

  • Aluminum Electrolytic Capacitors: These are polarized capacitors with an anode electrode (+) constructed of pure aluminum foil with an etched surface.
  • Film Capacitors: These capacitors use a thin plastic film as the dielectric. They are generally known for being inexpensive, stable over time, and having low self-inductance.

Key Drivers and Trends:

  • Miniaturization of Electronic Devices: Shrinking device sizes drive the growth of aluminum electrolytic capacitors, making them essential for modern electronics.
  • Increasing Sales of Electric Vehicles (EVs): The demand for high-performance capacitors in EVs and HEVs contributes to the growth of both aluminum and film capacitor markets.
  • Proliferating Demand from Aerospace & Defense: The transition towards private space businesses and the need for advanced technology in space hardware boost the demand for capacitors in the aerospace and defense sectors.


  • High Costs: Capacitor makers face cost challenges due to supply shortages and rising power prices, impacting both film and aluminum capacitors.

Global Market Segmentations:

Aluminum Electrolytic Capacitor Market:

By Type:

  • Non-Solid
  • Solid (Expected to grow at the highest CAGR)

By Voltage:

  • High Voltage (Market leader)
  • Low Voltage

By End-Users:

  • Automotive (Highest share)
  • Industrial
  • Consumer Electronics
  • Telecommunications
  • Others

Film Capacitor Market:

By Type:

  • Polypropylene Film Capacitors (Majority share)
  • Polyester Film Capacitors
  • Others

By Application:

  • DC Applications (Dominant)
  • AC Applications

Regional Insights:

Aluminum Electrolytic Capacitor Market:

  • Asia Pacific leads the market due to rising demand for electronic devices and increased manufacturing in India and China.
  • North America, led by the US, is expected to grow significantly, driven by consumer electronics and industrial sectors.
  • Europe, with Germany as a key player, thrives due to high-tech automotive product manufacturing and R&D growth.
  • The Rest of the World region shows potential, with China and Japan playing vital roles.

Film Capacitor Market:

  • Asia Pacific dominates the market, driven by demand from consumer electronics and automobiles.
  • North America, particularly the US, leads in consumer electronics and industrial sectors.
  • Europe, with Germany as a hub, experiences growth due to the automotive industry.
  • The Rest of the World region sees strong potential, with China, Japan, and South Korea as key players.

Key Players:

The global aluminum and film capacitor market is highly fragmented, with major players including:

  • TDK Corporation
  • Nippon Chemi-Con Corporation
  • Nichicon Corporation
  • Panasonic Holdings Corporation
  • Hitachi Ltd. (Hitachi Chemical Co., Ltd.)
  • Yageo Corporation (Kemet Corporation)
  • Murata Manufacturing Co., Ltd.
  • Rubycon Corporation
  • Xiamen Faratronic Co., Ltd.
  • Capxon International Electronic Company Limited
  • Lelon Electronics Corporation
  • Cornell Dubilier Electronics, Inc.
  • Vishay Intertechnology, Inc.

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