Capacitor Market For Power Electronics Report

Attractive Opportunities

Global Demand Analysis & Sales Opportunities in Capacitor Market for Power Electronics Market

• The annual demand for capacitor market for power electronics was USD 5.32 billion in 2024 and is expected to reach USD 5.65 billion in 2025, up 6.2% than the value in 2024.
• During the next 8 years (forecast period of 2025-2032), the capacitor market for power electronics market is expected to grow at a CAGR of 3.4%. The annual demand will reach of USD 8.47 billion in 2032.
• During 2025-2032, the capacitor market for power electronics industry is expected to generate a cumulative sales opportunity of USD 55.93 billion.

High-Growth Market Segments:

• Asia-Pacific is expected to be the dominant and fastest-growing region over the forecasted period.
• By Type, Supercapacitors/EDLC segment is expected to grow at the highest CAGR during the forecast period.
• By End-Use type, Automotive & Transportation segment is expected to grow at a faster pace during the forecast period.

Market Statistics

Have a look at the sales opportunities presented by the capacitor market for power electronics market in terms of growth and market forecast.

Market Dynamics

Introduction:

What is the capacitor market for power electronics?

Capacitors for power electronics are specialized components designed to store and release electrical energy in high-power systems. They play a crucial role in filtering, voltage stabilization, energy buffering, and power factor correction in applications like electric vehicles, renewable energy systems, industrial drives, and inverters. These capacitors must handle high currents, withstand voltage surges, and operate reliably under thermal stress.

Market Drivers:

Surge in Electric Vehicles (EVs) and Hybrid Electric Vehicles (HEVs)

• The rapid expansion of EVs and HEVs is driving demand for power electronic capacitors, especially for battery management systems, onboard chargers, and inverters. Capacitors help manage high-voltage circuits and ensure stable energy conversion, making them essential for efficient vehicle electrification.

Growing Renewable Energy Installations

• Wind turbines, solar inverters, and energy storage systems require robust capacitors for voltage stabilization and filtering in fluctuating grid conditions. As global investments in renewable energy rise, so does the demand for power electronic capacitors.

Market Challenges:

Raw Material Price Volatility

• Raw material price volatility poses a significant challenge for the capacitor market in power electronics. Materials like aluminum, tantalum, and plastic films are critical for production but are prone to global supply disruptions and price swings. These fluctuations elevate manufacturing costs, complicate procurement strategies, and create uncertainty in long-term supply chain planning.

Market Opportunities:

Industrial Automation & Electrification

• The rise of Industry 4.0 and industrial electrification is creating significant opportunities for capacitors in power electronics. These components help stabilize voltage, absorb power surges, and ensure smoother current flow. As factories become smarter and more automated, capacitors are essential for keeping equipment like motor drives and robotics running efficiently and reliably.

Segment Analysis

By Type 

“Paper and Plastic Film Capacitor segment accounted for the largest market share in 2024.

Supercapacitors/EDLC segment is expected to be the fastest-growing segment during the forecast period.”

• The capacitor market for power electronics is segmented by type into ceramic, tantalum, aluminium electrolytic capacitors, paper and plastic film capacitor, and supercapacitors/EDLC.
• Paper and Plastic Film Capacitor segment accounted for the largest market share in 2024, due to their wide usage in industrial power systems, grid stabilization, and AC applications, offering excellent reliability, self-healing properties, and cost-effectiveness.
• Supercapacitors/EDLC segment is expected to be the fastest-growing segment during the forecast period, due to rising adoption in electric vehicles, renewable energy storage, and consumer electronics, offering rapid charging, long cycle life, and high-power density over conventional capacitors.

By End-Use Industry Type 

“Automotive & Transportation segment is expected to be the fastest-growing segment during the forecast period.”

• The capacitor market for power electronics is segmented by end-use industry into trucks and trans-shipment & bunkering.
• Automotive & Transportation segment is expected to be the fastest-growing segment during the forecast period, due to the accelerating shift toward electric vehicles (EVs) and advanced automotive electronics. Capacitors are essential for EV powertrains, regenerative braking, and onboard charging systems.
• Additionally, the expansion of autonomous driving technologies and connected vehicle systems further increases capacitor demand for power management and signal conditioning applications.

Regional Analysis 

“Asia-Pacific is expected to be the dominant and the fastest-growing region over the forecasted period.”

• In terms of region, the capacitor market for power electronics is segmented into the North American region, the European region, the Asia-Pacific region, and the rest of the world.
• Asia-Pacific is expected to be the dominant and the fastest-growing region over the forecasted period, due to rapid industrialization, expanding EV production, and significant infrastructure development in countries like China, Japan, and India.
• The region’s strong consumer electronics manufacturing base and government initiatives promoting renewable energy and electrification are further driving substantial demand for advanced capacitor technologies.

Competitive Landscape

Most of the major players compete in some of the factors, including price, service offerings, regional presence, etc. The following are the key players in the capacitor market for power electronics -  

• TDK Corporation
• Kemet Corporation (Yageo Company)
• Cornell Dubilier Electronics Inc.
• Eaton Corporation PLC
• Hongfa Technology Co.
• Vishay Intertechnology Inc.
• Murata Manufacturing Co. Ltd
• AVX Corporation (Kyocera Group)
• NIPPON CHEMI-CON CORPORATION
• Yageo Corporation
   

Note: The above list does not necessarily include all the top players in the market.

Are you a leading player in this market? We would love to include your name. Please write to us at [email protected]

Recent Developments/Mergers & Acquisitions: 

• In March 2023, Cornell Dubilier Electronics introduced its 944L Series, a range of low?inductance, high?current DC link film capacitors. Engineered for fast-switching power applications, these capacitors are ideal for compact, high-power converter designs, supporting essential systems like Level?3 EV chargers and renewable energy inverters.

Report Features

This report provides market intelligence most comprehensively. The report structure has been kept so that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.

The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market, covering a period of 15 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The capacitor market for power electronics market is segmented into the following categories. 

Capacitor Market for Power Electronics, by Type

• Ceramic
• Tantalum
• Aluminium Electrolytic Capacitors
• Paper and Plastic Film Capacitors
• Supercapacitors/EDLC

Capacitor Market for Power Electronics, by End-Use Industry Type

• Consumer Electronics
• Automotive & Transportation
• Industrial
• Aerospace & Defense
• Other End-Use Industries

Capacitor Market for Power Electronics Market, by Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, Italy, The UK, and Rest of Europe)
• Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)

Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s capacitor market for power electronics realities and future market possibilities for the forecast period. 
• The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants and investors in identifying the low-hanging fruits available in the market and formulating growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respected clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Service portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across industries. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected]