Global Capacitor Market Soars with 6.05% CAGR - Miniaturization and EV Demand Drive Expansion - ResearchAndMarkets.com
The global aluminum electrolytic capacitor market is projected to reach US$7.18 billion in 2023, with a Compound Annual Growth Rate (CAGR) of 6.05% over the forecast period.
- The global aluminum electrolytic capacitor market is projected to reach US$7.18 billion in 2023, with a Compound Annual Growth Rate (CAGR) of 6.05% over the forecast period.
- Similarly, the global film capacitor market is anticipated to reach US$3.44 billion in 2023, experiencing a CAGR of 3.84% during the same period.
- Miniaturization of Electronic Devices: Shrinking device sizes drive the growth of aluminum electrolytic capacitors, making them essential for modern electronics.
- High Costs: Capacitor makers face cost challenges due to supply shortages and rising power prices, impacting both film and aluminum capacitors.