Capacitor Market

Capacitor Market

Capacitor Market Forecasts to 2030 - Global Analysis By Product (Electrolytic Capacitors, Ceramic Capacitors, Tantalum Capacitors, Film Capacitors, Electrochemical Capacitors, Variable Capacitors and Other Products), Mounting Type (Surface Mounted and Through-Hole), Voltage, Application, End User and By Geography

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4.4 (15 reviews)
Published: 2024 ID: SMRC25023

This report covers the impact of COVID-19 on this global market

Years Covered


Estimated Year Value (2023)

US $24.32 BN

Projected Year Value (2030)

US $34.67 BN

CAGR (2023 - 2030)


Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Highest Growing Market

North America

According to Stratistics MRC, the Global Capacitor Market is accounted for $24.32 billion in 2023 and is expected to reach $34.67 billion by 2030 growing at a CAGR of 7.9% during the forecast period. A capacitor is an electronic component that stores electrical energy in an electric field. Comprising two conductive plates separated by an insulating material, it can store and release charge rapidly. Capacitors are vital in electronic circuits for smoothing voltage fluctuations, filtering signals, and timing applications. Capacitors ensures stability and proper functioning by regulating voltage and controlling the flow of electrical signals within circuits.

According to GSMA Mobile Economy 2021, in terms of multilayer ceramic capacitor demand for IoT devices, North America is expected to lead the market through 2025 with 5.1 billion.

Market Dynamics: 


Miniaturization of electronic devices

The miniaturization of electronic devices has been compelling manufacturers to produce compact and efficient capacitors. As electronic devices become smaller and more sophisticated, there is an increasing demand for capacitors with higher energy density, smaller form factors, and improved performance. This trend has led to advancements in capacitor technology, fostering innovation and competition in the market as companies strive to meet the evolving requirements of miniaturized electronics.


Fluctuations in raw material costs

The capacitor industry heavily relies on materials like aluminum, tantalum, and ceramics. Volatile price movements in these raw materials impact manufacturing expenses, leading to uncertain production costs. These uncertainties make it challenging for capacitor manufacturers to maintain stable production costs and pricing strategies. Consequently, the capacitor industry faces increased risks and uncertainties, impacting profit margins and overall market stability.


Growing 5G technology deployment

Advanced capacitors are becoming more and more necessary to sustain the infrastructure of 5G networks, which require higher frequencies and quicker data transfer rates. In order to maintain the dependability and effectiveness of 5G equipment, capacitors are essential for filtering and stabilizing electrical signals. Thereby, the rapid global rollout of 5G technology is driving up demand for high-performance capacitors, creating new growth opportunities in the capacitor industry.


Rising availability of counterfeit products

Counterfeits undermine product reliability, safety, and performance, leading to potential malfunctions in electronic devices. This surge in counterfeit capacitor production not only jeopardizes consumer trust but also poses economic challenges for legitimate manufacturers. The rise in counterfeit capacitors also challenges efforts to maintain quality standards and regulatory compliance within the industry. Therefore, this aspect is hampering the market growth.

Covid-19 Impact

The covid-19 pandemic has significantly impacted the market. Supply chain disruptions, labor shortages, fluctuations in raw material prices and reduced manufacturing capacity have led to increased costs and delays in production. The global economic slowdown has affected demand, particularly in industries like automotive and consumer electronics. Despite challenges, there's a growing demand for capacitors in healthcare equipment and technology infrastructure, driven by increased reliance on remote communication and medical devices. 

The electrochemical capacitors segment is expected to be the largest during the forecast period

The electrochemical capacitors segment is estimated to have a lucrative growth. Electrochemical capacitors are energy storage devices that store and release electrical energy through electrostatic charge separation. They use electrolytes and high surface area electrodes to achieve higher capacitance. Their unique combination of high power density, long cycle life, and fast charging capabilities distinguishes them from other energy storage technologies, providing versatile solutions for various technological and industrial applications.  

The consumer electronics segment is expected to have the highest CAGR during the forecast period

The consumer electronics segment is anticipated to witness the highest CAGR growth during the forecast period. Capacitors play a crucial role in consumer electronics by storing and releasing electrical energy, enhancing device performance. They stabilize voltage, filter out noise, and improve power factor correction, ensuring consistent and efficient operation. Overall, capacitors contribute to the efficient and reliable functioning of consumer electronics, improving performance, reducing interference, and extending the lifespan of electronic devices.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to the increasing demand in electronic devices, automotive applications, and renewable energy projects. The region's expanding industrialization, rapid technological advancements, and rising consumer electronics consumption contribute to the market's upward trajectory. The region, comprising key economies like China, Japan, South Korea, and India, is witnessing a surge in capacitor adoption for energy storage, power electronics, and electronic devices. Rising investments in infrastructure and the growing focus on renewable energy projects further contribute to the market's expansion.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, owing to the augmented demand across electronics, automotive, and telecommunications industries. The region is home to key players namely Murata Manufacturing, Illinois Capacitor, Panasonic Corporation and Eaton Corporation. Factors such as technological advancements, rising consumer electronics consumption, and the automotive sector's expansion contribute to market expansion. Additionally, the push towards miniaturization and increased efficiency in electronic devices in the US and Canada are further fuelling the demand.

Key players in the market

Some of the key players profiled in the Capacitor Market include Murata Manufacturing Limited, TDK Corporation, Nichicon Corporation, Vishay Intertechnology Inc, KEMET Corporation, Panasonic Corporation, AVX Corporation, Rubycon Corporation, Würth Elektronik Group, Nippon Chemi-Con Corporation, Kyocera Corporation, Cornell Dubilier Electronics Inc, Yageo Corporation, Samsung Electro-Mechanics Limited, Illinois Capacitor Inc, Rohm Semiconductor, Tantalum Corporation, CapXon International Electronic Limited, Honeywell International and Lelon Electronics Corporation.

Key Developments:

In November 2023, ROHM has developed the BTD1RVFL series, a new line of silicon capacitors. By utilizing thin-film technology, their silicon capacitors offer a greater capacitance in a thinner form compared to the current multilayer ceramic capacitors (MLCCs) available in the market.

In April 2023, Kyocera Corporation announced that the company's Electronic Components Division developed a new capacitor (MLCC) with EIA 0201 size, with a capacitance of 10 microfarads, which the company claims to be the industry's highest among MLCCs in the 0201 case size. The dimensions of the capacitor are 0.6 mm x 0.3 mm. 

In February 2022, Murata launched the NFM15HC435D0E3 MLCC, designed with 3 terminals to provide a capacitance of 4.3 F. The capacitor is designed for automotive applications to attain results on noise removal and superior decoupling that are required for high-performance processors employed in advanced driver assistance systems and autonomous driving functions. 

Products Covered:
• Electrolytic Capacitors
• Ceramic Capacitors
• Tantalum Capacitors
• Film Capacitors
• Electrochemical Capacitors
• Variable Capacitors
• Other Products

Mounting Types Covered:
• Surface Mounted
• Through-Hole

Voltages Covered:
• Up To 500 V
• 501 To 1000 V
• 1001 To 2000 V
• Above 2000 V

Applications Covered:
• Consumer Electronics
• Automotive Electronics
• Industrial Electronics
• Power Supply Systems
• Medical Devices
• Defense & Aerospace
• Renewable Energy
• Telecommunications
• Other Applications

End Users Covered:
• Original Equipment Manufacturers (OEMs)
• Electronic Component Distributors
• Electronics Manufacturing Services (EMS) Providers
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary   
2 Preface    
 2.1 Abstract   
 2.2 Stake Holders  
 2.3 Research Scope  
 2.4 Research Methodology 
  2.4.1 Data Mining 
  2.4.2 Data Analysis 
  2.4.3 Data Validation 
  2.4.4 Research Approach 
 2.5 Research Sources  
  2.5.1 Primary Research Sources
  2.5.2 Secondary Research Sources
  2.5.3 Assumptions 
3 Market Trend Analysis  
 3.1 Introduction  
 3.2 Drivers   
 3.3 Restraints  
 3.4 Opportunities  
 3.5 Threats   
 3.6 Product Analysis  
 3.7 Application Analysis 
 3.8 End User Analysis  
 3.9 Emerging Markets  
 3.10 Impact of Covid-19  
4 Porters Five Force Analysis  
 4.1 Bargaining power of suppliers 
 4.2 Bargaining power of buyers 
 4.3 Threat of substitutes 
 4.4 Threat of new entrants 
 4.5 Competitive rivalry  
5 Global Capacitor Market, By Product 
 5.1 Introduction  
 5.2 Electrolytic Capacitors 
 5.3 Ceramic Capacitors  
 5.4 Tantalum Capacitors 
 5.5 Film Capacitors  
 5.6 Electrochemical Capacitors 
 5.7 Variable Capacitors  
 5.8 Other Products  
6 Global Capacitor Market, By Mounting Type
 6.1 Introduction  
 6.2 Surface Mounted  
 6.3 Through-Hole  
7 Global Capacitor Market, By Voltage  
 7.1 Introduction  
 7.2 Up To 500 V  
 7.3 501 To 1000 V  
 7.4 1001 To 2000 V  
 7.5 Above 2000 V  
8 Global Capacitor Market, By Application 
 8.1 Introduction  
 8.2 Consumer Electronics 
 8.3 Automotive Electronics 
 8.4 Industrial Electronics 
 8.5 Power Supply Systems 
 8.6 Medical Devices  
 8.7 Defense & Aerospace 
 8.8 Renewable Energy  
 8.9 Telecommunications 
 8.10 Other Applications  
9 Global Capacitor Market, By End User 
 9.1 Introduction  
 9.2 Original Equipment Manufacturers (OEMs)
 9.3 Electronic Component Distributors
 9.4 Electronics Manufacturing Services (EMS) Providers
 9.5 Other End Users  
10 Global Capacitor Market, By Geography 
 10.1 Introduction  
 10.2 North America  
  10.2.1 US  
  10.2.2 Canada  
  10.2.3 Mexico  
 10.3 Europe   
  10.3.1 Germany  
  10.3.2 UK  
  10.3.3 Italy  
  10.3.4 France  
  10.3.5 Spain  
  10.3.6 Rest of Europe 
 10.4 Asia Pacific  
  10.4.1 Japan  
  10.4.2 China  
  10.4.3 India  
  10.4.4 Australia  
  10.4.5 New Zealand 
  10.4.6 South Korea 
  10.4.7 Rest of Asia Pacific 
 10.5 South America  
  10.5.1 Argentina 
  10.5.2 Brazil  
  10.5.3 Chile  
  10.5.4 Rest of South America
 10.6 Middle East & Africa 
  10.6.1 Saudi Arabia 
  10.6.2 UAE  
  10.6.3 Qatar  
  10.6.4 South Africa 
  10.6.5 Rest of Middle East & Africa
11 Key Developments   

 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
 11.2 Acquisitions & Mergers 
 11.3 New Product Launch 
 11.4 Expansions  
 11.5 Other Key Strategies 
12 Company Profiling   
 12.1 Murata Manufacturing Limited 
 12.2 TDK Corporation  
 12.3 Nichicon Corporation 
 12.4 Vishay Intertechnology Inc 
 12.5 KEMET Corporation  
 12.6 Panasonic Corporation 
 12.7 AVX Corporation  
 12.8 Rubycon Corporation 
 12.9 Würth Elektronik Group 
 12.10 Nippon Chemi-Con Corporation
 12.11 Kyocera Corporation 
 12.12 Cornell Dubilier Electronics Inc
 12.13 Yageo Corporation  
 12.14 Samsung Electro-Mechanics Limited
 12.15 Illinois Capacitor Inc 
 12.16 Rohm Semiconductor 
 12.17 Tantalum Corporation 
 12.18 CapXon International Electronic Limited
 12.19 Honeywell International 
 12.20 Lelon Electronics Corporation 
List of Tables    
1 Global Capacitor Market Outlook, By Region (2021-2030) ($MN)
2 Global Capacitor Market Outlook, By Product (2021-2030) ($MN)
3 Global Capacitor Market Outlook, By Electrolytic Capacitors (2021-2030) ($MN)
4 Global Capacitor Market Outlook, By Ceramic Capacitors (2021-2030) ($MN)
5 Global Capacitor Market Outlook, By Tantalum Capacitors (2021-2030) ($MN)
6 Global Capacitor Market Outlook, By Film Capacitors (2021-2030) ($MN)
7 Global Capacitor Market Outlook, By Electrochemical Capacitors (2021-2030) ($MN)
8 Global Capacitor Market Outlook, By Variable Capacitors (2021-2030) ($MN)
9 Global Capacitor Market Outlook, By Other Products (2021-2030) ($MN)
10 Global Capacitor Market Outlook, By Mounting Type (2021-2030) ($MN)
11 Global Capacitor Market Outlook, By Surface Mounted (2021-2030) ($MN)
12 Global Capacitor Market Outlook, By Through-Hole (2021-2030) ($MN)
13 Global Capacitor Market Outlook, By Voltage (2021-2030) ($MN)
14 Global Capacitor Market Outlook, By Up To 500 V (2021-2030) ($MN)
15 Global Capacitor Market Outlook, By 501 To 1000 V (2021-2030) ($MN)
16 Global Capacitor Market Outlook, By 1001 To 2000 V (2021-2030) ($MN)
17 Global Capacitor Market Outlook, By Above 2000 V (2021-2030) ($MN)
18 Global Capacitor Market Outlook, By Application (2021-2030) ($MN)
19 Global Capacitor Market Outlook, By Consumer Electronics (2021-2030) ($MN)
20 Global Capacitor Market Outlook, By Automotive Electronics (2021-2030) ($MN)
21 Global Capacitor Market Outlook, By Industrial Electronics (2021-2030) ($MN)
22 Global Capacitor Market Outlook, By Power Supply Systems (2021-2030) ($MN)
23 Global Capacitor Market Outlook, By Medical Devices (2021-2030) ($MN)
24 Global Capacitor Market Outlook, By Defense & Aerospace (2021-2030) ($MN)
25 Global Capacitor Market Outlook, By Renewable Energy (2021-2030) ($MN)
26 Global Capacitor Market Outlook, By Telecommunications (2021-2030) ($MN)
27 Global Capacitor Market Outlook, By Other Applications (2021-2030) ($MN)
28 Global Capacitor Market Outlook, By End User (2021-2030) ($MN)
29 Global Capacitor Market Outlook, By Original Equipment Manufacturers (OEMs) (2021-2030) ($MN)
30 Global Capacitor Market Outlook, By Electronic Component Distributors (2021-2030) ($MN)
31 Global Capacitor Market Outlook, By Electronics Manufacturing Services (EMS) Providers (2021-2030) ($MN)
32 Global Capacitor Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.

Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.

For more details about research methodology, kindly write to us at

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