Capacitor Market Size was valued at USD 35.6 Billion in 2022. The Capacitor market is projected to grow from USD 37.8 Billion in 2023 to USD 61.1 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.20% during the forecast period (2024 - 2032).
The electric capacitor market size was valued at USD 20.6 billion in 2023 and is set to grow at 7.1% CAGR from 2024 to 2032, driven by the positive outlook toward electronic components, predominantly due to investments in consumer electronics, automotive, and other manufacturing facilities.
The Capacitor Market is expected to reach USD 25.21 billion in 2024 and grow at a CAGR of 5.90% to reach USD 33.57 billion by 2029. TDK Corporation, Murata Manufacturing Co., Ltd., KEMET Corporation, Vishay Intertechnology, Inc. and WIMA GmbH & Co. KG are the major companies operating in this market.
Publisher: Lucintel Publication date: Get it in 2 weeks by ordering today. The future of the capacitor market looks promising with opportunities in the computer, telecom, consumer electronics, automotive, and industrial sectors. The global capacitor market is forecast to reach $31.2 billion by 2027 with a CAGR of 5.9% from 2021 to 2027.
Answer: The capacitor market is expected to grow at a CAGR of 5.9% from 2021 to 2027. Q3. What are the major drivers influencing the growth of the capacitor market?
The market is competitive with the presence of various large-scale manufacturers in the market across the globe. The capacitor market has long-standing established players who have made significant investments. These companies leverage strategic collaborative initiatives to increase their market share and profitability.