According to the 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 the year 2020 and is projected to show considerable growth during the forecast period 2021-2027.

 

A rise in demand for consumer electronics, incorporation of automobiles, and emerging automation in manufacturing sector are the factors propelling growth of global aluminum electrolytic capacitor market.

Moreover, higher proportion of OEMs and ODMs across an array of verticals such as consumer electronics, transportation, medical, industrial, and others is impelling the industry share.

 

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Emphasis on weight reduction, space saving, and improve power efficiency of vehicles is encouraging the adoption of advanced electrolytic capacitors which are miniaturized, have higher ripple current, and lower equivalent series resistance (ESR), facilitating the industry scenario.

 

Speaking of COVID-19 impact, the pandemic had a mixed effect on the marketplace. While industrial operations and manufacturing came to a halt due to lockdown measure, arresting the industry growth, the introduction of work from home culture boosted the demand for value-added conductive polymer capacitors for PCs and servers, thus generating considerable revenues for the market. 

 

Based on product type, global aluminum electrolytic capacitor market is categorized into solid, and non-solid. In terms of end-user, the market is divided into industrial, consumer electronics, communication, automotive, and others.

 

For the regional perspective, the market spans across Europe (Italy, France, Germany), Americas (U.S., Mexico, Canada), Asia Pacific (South Korea, Japan, India, China), and MEA. Of these, Asia Pacific market is predicted to showcase momentous growth during the forecast period, owing to surging exports from the region, as well as increased production from manufacturing sector to satisfy domestic demand for world-class products. 

 

The competitive landscape of the worldwide aluminum electrolytic capacitor market includes companies such as Lelon Electronics Corporation, Nippon Chemi-Con Corp., Elna Co. Ltd., Nichicon Corporation, Vishay Intertechnology Inc., Rubycon Corporation, TDK Corporation, Panasonic Corporation, AIC Tech Inc., and Sun Electronic Industries Corporation among others.