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What is the future of the capacitor 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.

How big is the capacitor market in 2024?

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.

What is the expected growth rate of the capacitor market?

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?

How big is the capacitor market?

The global capacitor market is forecast to reach $31.2 billion by 2027 with a CAGR of 5.9% from 2021 to 2027. The major drivers for this market are increasing demand for consumer electronics products, growing demand for premium smartphones, and increasing production of electric vehicles.

What is influencing the electric capacitor market growth?

The trend of increasing functionalities has thrust the demand for better storage capabilities, influencing the electric capacitor market growth. The utilization of capacitors in the power sector is witnessing momentum due to increasing investments toward power grids driven by growing global power demand.

How competitive is 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.

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