The capacitor market is driven by rising in urbanization and consumer spending across several countries, such as India and China, are expected to ramp up the demand for electrical appliances. The world’s population is shifting towards urban areas, as it is evident from the fact that 55 percent of world population lives in urban areas as of 2018 which is anticipated to increase to 68 percent by the end of 2050. The growing disposable income and improving the lifestyle of peoples is consequently, leading to a growth in demand for vehicles. Moreover, the increasing deployment of electric vehicles is providing a huge impetus to capacitor demand. The governments across the world have formulated policies which are aimed at increasing the penetration of electric vehicles in the transportation sector. As of 2017, the total number of electric vehicles in use stood at 1928.36 million which is anticipated to increase at a very high rate due to favorable policies, thereby promulgating the demand for capacitors during the forecast period.
Growing Renewable Sector Drives the Market
The cost of the renewable power generation is continuously declining. During the 2010-2016, the renewable energy generation cost for onshore wind farms and solar photovoltaic (PV) electricity fell by 23% and 73%, respectively. The major reasons behind the falling generation costs are innovations in manufacturing and installation of PV power generation, improvement in wind turbine materials and designs, economies of scale, and advances in thermal energy storage system for Concentrated Solar Power (CSP) plants. Due to lower costs, the renewable energy is becoming competitive and in some cases, cheaper than conventional power plants. Moreover, the governments have adopted policies to spur the development of renewable energy infrastructure. As capacitors are used in renewable power plants for grid integration, the growing installation of renewable power plants is likely to promulgate the market for capacitors in coming years.
Asia-Pacific to Dominate the Market Share
Asia-Pacific is the leading market for capacitors across the world due to the presence of major developing countries i.e. China, India, Indonesia, etc. According to Society of Indian Automobiles Manufacturers (SIMA), the total automotive sales across India has grown by over 22 percent from 2011 to 2016. The sales of new electric vehicles in China increased from 8159 in 2011 to 777000 in 2017 which indicates rising usage of electric vehicles in the country which is expected to drive the demand for capacitors. Apart from that the growing industrial infrastructure in the region, widespread development of energy projects are leading to increase in demand for capacitors in the region.
Key Developments in the Market
- February 2018: Yageo Corporation announced to acquire 100 percent shares of Pulse Electronics through Yageo’s 100 percent owned subsidiary Pluto Merger Corporation.
The major players include - Samsung Electro-Mechanics, Nippon Chemi-Con Corporation, Kyocera, KEMET Corporation, LG Electronics, Rubycon Corporation, Samwha Capacitor Group, Nichicon Corporation, Panasonic, AVX Corporation amongst others.
Reasons to Purchase This Report
- Current and future capacitor market outlook in the developed and emerging markets.
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
- The segment that is expected to dominate the market.
- Regions that are expected to witness the fastest growth during the forecast period.
- Identify the latest developments and strategies employed by the major market players.
- 3 months analyst support along with the Market Estimate sheet (in excel).
Customization of the Report
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1. Executive Summary
2. Research Methodology
2.1 Scope of the Report
2.2 Market Definition
2.3 Study Assumptions
2.4 Study Deliverables
2.5 Research Phases
3. Market Overview
3.2 Market Size and Demand Forecast until 2023 (in USD billion)
3.3 Recent Trends and Developments
3.4 Government Policies & Regulations
3.5 Investment Opportunities
4. Market Dynamics
5. Supply Chain Analysis
6. Industry Attractiveness - Porter’s Five Force Analysis
6.1 Bargaining Power of Suppliers
6.2 Bargaining Power of Consumers
6.3 Threat of New Entrants
6.4 Threat of Substitutes
6.5 Intensity of Competitive Rivalry
7. Market Segmentation and Analysis (Overview, Market Size and Demand Forecast until 2023)
7.1 By Type
7.1.1 Ceramic Capacitors
7.1.2 Aluminum Capacitors
7.1.3 Film Capacitor
7.1.4 Tantalum Capacitor
7.1.5 Other Capacitors
7.2 By Application
7.2.1 Consumer Electronics
7.2.3 Power, Industrial and Infrastructure
7.2.5 Other Applications
8. Regional Market Analysis (Overview, Market Size and Demand Forecast until 2023 (for Regions only))
8.1 North America
8.1.1 United States
8.1.3 Rest of North America
8.2.1 United Kingdom
8.2.4 Rest of Europe
8.3.3 South Korea
8.3.4 Rest of Asia-Pacific
8.4 Middle East & Africa
8.4.1 Saudi Arabia
8.4.2 South Africa
8.4.3 United Arab Emirates
8.4.4 Rest of Middle East & Africa
8.5 South America
8.5.3 Rest of South America
9. Key Company Analysis (Overview, Products & Services, Financials*, Recent Development, and Analyst View)
9.1 Samsung Electro-Mechanics
9.2 Nippon Chemi-Con Corporation
9.4 KEMET Corporation
9.5 LG Electronics
9.6 Rubycon Corporation
9.7 Samwha Capacitor Group
9.8 Nichicon Corporation
9.10 AVX Corporation
*List not Exhaustive
10. Competitive Landscape
10.1 Mergers & Acquisitions
10.2 Joint Ventures, Collaborations, and Agreements
10.3 Strategies Adopted by Leading Market Players
11. Future of the Market
12.1 Contact Us
*Subject to availability on public domain