According to the recent research report titled ‘Global Aluminum Electrolytic Capacitor Market - Analysis By Product Type (Non-Solid, Solid),, End User, By Region, By Country (2021 Edition): Market Insights and Forecast with Impact of COVID-19 (2021-2026)’ available with MarketStudyReport, global aluminum electrolytic capacitor market was valued at USD 5.22 billion in 2020 is estimated to generate lucrative returns by the year 2027.

The factors driving the global aluminum electrolytic capacitor market growth are the growing demand for consumer electronics and rising usage of electronics in automotive, industrial, and healthcare sectors. Growing popularity of automation solutions in manufacturing processes and high concentration of various ODMs and OEMs are also stimulating the overall industry outlook.

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Although the COVID-19 pandemic had pushed back the recovery and the CAPEX time for industrial equipment, widespread adoption of work-from-home trends have augmented the demand value-added products including conductive polymer capacitors for servers and PCs, which in turn is adding traction to the overall market size.

Apart from this, growing power efficiency and miniaturization trends have compelled the leading companies to focus on strategic collaborations to acquire a competitive lead.              

Global aluminum electrolytic capacitor industry is segmented based on product type, end-user, and regional analysis. Further, the product type is split into solid and non-solid segments. The end-user spectrum is classified in terms of industrial, automotive, communication, consumer electronics, and others.

In terms of regional analysis, the industry is divided into North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa. The report cites that Asia-Pacific is calculated to account for the largest market share in the ensuing years, owing to improving production capacity, rapid expansion of the manufacturing sector, and rising exports activities.

The leading companies operating in the global aluminum electrolytic capacitor market are Nichicon Corporation, Lelon Electronics Corp., TDK Electronics AG, Vishay Intertechnology Inc., AIC Technologies Inc., SUN Electronic Industries Corp., Rubycon Corporation, Panasonic Corporation, and Nippon Chemi-Con Corp.