As cited by the 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 Market Study Report LLC, global aluminum electrolytic capacitor market amassed USD 5.22 billion in 2020 and is projected to grow with a strong CAGR over 2021-2026. 
 

Growing demand for consumer electronics, rising penetration of electronic systems in automotive sector, and high integration of automated solutions in manufacturing processes are the major factors driving the global aluminum electrolytic capacitor market growth.
 

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Higher concentration of ODMs and OEMs across automotive, consumer electronics, healthcare, and industrial sectors is also aiding towards market expansion.
 

Citing an instance, the growing demand for weight reduction, space saving, and power efficiency for in-vehicle devices has resulted in rising significance of increasing the performance requirements, like lower equivalent series resistance (ESR), miniaturization, and higher ripple current, which cannot be catered by conventional electrolytic capacitors.
 

For this, a high-performance hybrid capacitor was developed by Rubycon Corporation which is based on the conventional conductive polymer aluminum solid electrolytic capacitor using its original hybrid technology. Such technological developments are also likely to add traction to the overall market size.
 

Due to the growing trend of work from home, the demand for high-valued-added products, like conductive polymer capacitors for computers and servers has increased significantly, further contributing to the market remuneration.
 

On the downside, the COVID-19 pandemic has delayed the recovery of many plants that were restricted to operate due to the lockdowns, impeding the market progression.
 

On the basis of product type, the global aluminum electrolytic capacitor industry is segmented into solid and non-solid. Meanwhile, the end user range comprises of automotive, consumer electronics, industrial, communication, and others.
 

The geographical analysis of the industry extends to Americas, Middle East & Africa, Asia Pacific, and Europe. Expert analysts speculate that Asia Pacific market is likely to showcase considerable growth over the study period owing to growing focus towards improving manufacturing capabilities and rising export activities.
 

Prominent players influencing the global aluminum electrolytic capacitor industry dynamics are Lelon Electronics Corp., TDK Corporation, Vishay Intertechnology Inc., AIC Tech Inc., Elna Co. Ltd., SUN Electronic Industries Corp., Panasonic Corporation, Rubycon Corporation, Nichicon Corporation, and Nippon Chemi-Con Corporation.