According to a report titled ‘Electric Capacitor Market Size By Material {Film, Ceramic, Electrolytic, Others}, By Polarization (Polarized, Non-Polarized), By Voltage (Low, Medium, High), By End-Use (Consumer Electronics, Automotive, Communication & Technology, Transmission & Distribution, Others) Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, UK, France, Germany, Italy, Austria, Spain, Netherlands, Denmark, Finland, Sweden, Norway, Russia, Belarus, Kazakhstan, Armenia, Kyrgyzstan, China, Japan, India, South Korea, Australia, Indonesia, Malaysia, Singapore, Thailand, New Zealand, Philippines, Saudi Arabia, UAE, Qatar, Kuwait, Bahrain, Oman, Turkey, South Africa, Nigeria, Algeria, Egypt, Israel, Jordan, Lebanon, Azerbaijan, Moldova, Tajikistan, Turkmenistan, Ukraine, Uzbekistan, Brazil, Argentina, Chile) Application Potential, Competitive Market Share & Forecast, 2019 - 2025’, available with Market Study Report, the global electric capacitor market is expected to cross USD 25 billion by the year 2025.
 

The upsurge in the number of electronic devices used for various applications coupled with their growing complexity is driving the growth of electric capacitor market. Rising demand for technologically advanced smart devices is also augmenting the market outlook. Higher disposable income, changing consumer preferences, and booming automobile industry are some other rationales for electric capacitor market growth.
 

Based on the material, electric capacitor market from electrolytic segment is presumed to gain significant growth over the projected timeline, owing to their capability of providing high capacitance along with compactness. The device is used across mission critical applications like aerospace and military sector. Electric capacitor is widely utilized in automobile convenience systems such as automatic windows, window wipers, and air conditioners. This factor in tandem with increasing adoption of vehicles utilizing alternative propulsion technologies is stimulating the segmental share.
 

Speaking of the voltage rating, low voltage electric capacitor market segment is expected to show considerable growth during the forecast period. The growth can be attributed to rising demand for consumer goods. Introduction of advanced personal entertainment systems like OLED television will further aid the adoption of low voltage electric capacitors. Strict norms concerning emission control & fuel efficiency and the integration of 48V systems in automobile will drive the growth of the segment.  
 

On analyzing the medium voltage segment, numerous measures to enable reactive power compensation, along with the improvement of power transmission & distribution capabilities will instigate the deployment of medium voltage electric capacitors in the coming years.

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Considering the geographical landscape, Asia Pacific electric capacitor market is slated to grow substantially during 2019-2025, owing to increasing relocation of automobile manufacturing facilities to emerging nations like India and China. Furthermore, rising initiatives towards reducing carbon emissions by expanding and connecting renewable energy networks with grid infrastructure will fuel the demand for electric capacitors across Asia Pacific.
 

The list of prominent players in electric capacitor industry comprises of  ABB, Siemens, Samsung, AVX Corporation, Kemet, Panasonic, Schneider Electric, Jianghai Capacitor, Cornell Dubilier, Murata Manufacturing, Maxwell Technologies, Schaffner Group, Vishay Intertechnology, WIMA GmbH, Hua Jung Components, TDK-EPC Corporation, and C&H Technology among others.