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How big is the electric capacitor market?

The electric capacitor market size was valued at USD 20.6 billion in 2023 and is set to grow at 7.1% CAGR from 2024 to 2032, driven by the positive outlook toward electronic components, predominantly due to investments in consumer electronics, automotive, and other manufacturing facilities.

How big is the electric capacitor market in 2023?

Electric Capacitor Market size was valued at USD 20.6 billion in 2023 and is set to grow at 7.1% CAGR from 2024 to 2032. The electric capacitor industry in recent years has undergone various improvements and strengthened its roots across a spectrum of electronic & electrical applications.

How is the electric capacitor market segmented?

The electric capacitor market is segmented by type, polarization, voltage, industry vertical, and geography. Market growth will be fueled by technological developments in the consumer electronics industry, as well as increased deployment across applications necessitating a mix of high capacitance and voltage in the automotive and power industries.

How competitive is the capacitor market?

The market is competitive with the presence of various large-scale manufacturers in the market across the globe. The capacitor market has long-standing established players who have made significant investments. These companies leverage strategic collaborative initiatives to increase their market share and profitability.

Why is North America electric capacitor market growing?

North America electric capacitor market has witnessed an inclination in the product demand due to the ongoing modernization of electrical transmission & distribution systems. The increasing adoption of smart grids to encourage energy conservation and integration of renewable energy will stimulate the product deployment.

What is the demand for electric capacitors in consumer electronics industry?

The demand for electric capacitors across the consumer electronics industry is gaining an appreciable market penetration owing to the escalating demand from smartphones, portable computing, and automotive industries.

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