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Global Aluminum Electrolytic Capacitors Market to Reach $7.1 Billion by 2026

Aluminum electrolytic capacitors (AECs), also referred to as Al e-caps, are a category of capacitors whose anode is made of an etched, pure aluminum foil covered by aluminum oxide, which functions as an insulating layer and a dielectric; with electrolyte covering oxide layer`s rough surface operating as cathode. AECs offer a wide array of benefits in terms of functionality, performance and availability. Demand for Aluminum electrolyte capacitors is expected to pick up in the near term led by recovery in various end-use verticals including consumer electronics, industrial and automotive sectors. The emerging wave of electronification sweeping through the enterprise, healthcare/medical, manufacturing, and process industries and growth in new energy, industrial equipment, and home appliances, is expected to unveil favorable opportunities for electronic components and semiconductors including AECs. The pandemic is helping test the effectiveness of digital solutions and in the post pandemic world digital innovation will accelerate even further. Spending on IT devices, laptops, tablets and technology for remote working is expected to witness rapid increases as companies make a forced migration to these platforms to ensure business continuity. The market is also set to gain from growth in 5G network expansions, and development of advanced electrolytic capacitors with features such as low ESR, low impedence and high capacitance to meet the emerging demand and growing demand for hybrid AECs and conductive polymer aluminum solid capacitors.

Amid the COVID-19 crisis, the global market for Aluminum Electrolytic Capacitors estimated at US$6.4 Billion in the year 2022, is projected to reach a revised size of US$7.1 Billion by 2026, growing at a CAGR of 2.5% over the analysis period. Non-Solid, one of the segments analyzed in the report, is projected to record 2.4% CAGR and reach US$5.9 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Solid segment is readjusted to a revised 2.9% CAGR for the next 7-year period. Solid aluminum electrolytic capacitors (AECs) are forecast to register faster growth over the analysis period. Sold AECs offer enhanced high-frequency wave characteristics, low ESR levels, and higher temperature stability than conventional types of capacitors. Besides, these capacitors offer superior performance and longer life than conventional AECs. Globally, demand for solid AECs is expected to increase further owing to its superior performance. Owing to the above factors, solid aluminum capacitors are popular among next-generation microprocessors.

The U.S. Market is Estimated at $315.6 Million in 2022, While China is Forecast to Reach $4.8 Billion by 2026

The Aluminum Electrolytic Capacitors market in the U.S. is estimated at US$315.6 Million in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.8 Billion by the year 2026 trailing a CAGR of 2.9% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.6% and 1.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.8% CAGR. While developed countries have been the traditional revenue contributors to the market, the last decade saw developing countries such as Asia-Pacific (Excluding Japan), Latin America and Middle East spearheading global growth, a trend which is poised to continue into the future. These countries with their robust pace of industrialization, infrastructure development and GDP growth offer ample business opportunities for electronic component manufacturers.