A new market study published by Global Industry Analysts, the premier market research company, released its report titled "Aluminum Electrolytic Capacitors - Global Market Trajectory & Analytics." The report presents fresh perspectives on opportunities and challenges in a significantly transformed post-COVID-19 marketplace.
FREMONT, CA: Aluminum electrolytic capacitors (AECs), also known as Al e-caps, are a type of capacitor in which the anode is made of an etched, pure aluminum foil covered by aluminum oxide, which serves as an insulating and dielectric layer, and the cathode is made of electrolyte covering the oxide layer's rough surface. In terms of functionality, performance, and availability, AECs have a lot to offer. The rebound in many end-use verticals, such as consumer electronics, industrial, and automotive, is projected to boost demand for Aluminum electrolyte capacitors in the near term. Electronic components and semiconductors, especially AECs, are predicted to benefit from the rising tsunami of electronification sweeping through the business, healthcare/medical, manufacturing, and process industries and growth in new energy, industrial equipment, and home appliances. The pandemic is helping to evaluate the efficacy of digital solutions, and digital innovation will accelerate even more in the post-pandemic environment. As organizations are obliged to migrate to these platforms to assure business continuity, spending on IT devices, laptops, tablets, and technologies for remote working is likely to shoot up. Growth in 5G network expansions, as well as the development of advanced electrolytic capacitors with features such as low ESR, low impedance, and high capacitance to meet the emerging and growing demand for hybrid AECs and conductive polymer aluminum solid capacitors, are expected to benefit the market.
In the wake of the COVID-19 issue, the global market for Aluminum Electrolytic Capacitors, which was anticipated to be worth US$6.4 billion in 2022, is expected to increase to US$7.1 billion by 2026, with a CAGR of 2.5 percent over the analyzed period. Non-Solid, one of the report's sectors, is expected to grow at a rate of 2.4 percent per year and reach US$5.9 billion by the end of the forecast year. After a careful examination of the pandemic's commercial ramifications and the resulting economic crisis, the Solid segment's growth is revised to a revised 2.9 percent CAGR for the next seven years. During the analysis period, solid aluminum electrolytic capacitors (AECs) are expected to grow at a quicker rate. Sold AECs outperform traditional capacitors in terms of high-frequency wave properties, reduced ESR, and temperature stability. Furthermore, these capacitors exceed and last longer than conventional AECs. Because of their improved performance, demand for solid AECs is predicted to grow even more globally. Solid aluminum capacitors are popular among next-generation microprocessors for the reasons stated above.