The global market for aluminum electrolytic capacitors is expected to hit a value of US$10.4 billion by the year 2017, driven by the rising demand for these products in end-use markets such as energy and environment, and their increasing use in products such as inverters. The lower price of these products, when compared to several other capacitor technologies, is also expected to remain a key growth driver in the following years. Other factors fuelling growth in the market include the shift towards flat panel displays in consumer electronics and computer markets, and the continued increase in sales of consumer products and personal computers.
Aluminum electrolytic capacitors (AECs) are the ideal choice of dielectric in the consumer A/V (audio and video) products. The demand for AECs is expected to increase tremendously over the ensuing years, primarily due to the increasing usage of inverters, and the rising demand for these capacitors in the fields of energy and environment. Aluminum Electrolytic Capacitors occupy over one third of the global capacitors market. These capacitors, with characteristics such as high capacitance per unit volume, low impedance, high reliability, long life, low cost per unit capacitance, and a low-profiled nature, are highly preferred over other capacitor types in several industries. Aluminum electrolytic capacitors find use in Audio/Video devices, which include systems such as home theatres and DVD players among others; in lighting applications such as crane lighting, lighted buoys, barge lights, highway maintenance, lighting for construction equipment, emergency airport lighting, and bridge lighting; and in industrial power and lighting generation, which encompasses systems for generating renewable energy such as geothermal systems, solar energy systems, windmills, and wave generation systems.
According to Global Industry Analysts, the market for aluminum electrolytic capacitors faced a slump in 2009, due primarily to the global recession and the subsequent fall in demand from end use markets. However, industrial and other end use markets, such as medical and defense, which remained unaffected by the global economic downturn, provided significant growth opportunities for aluminum electrolytic capacitors during the global economic recessionary period. Demand for AECs, similar to the other capacitors, rebounded tremendously in the year 2010. This led to a tight supply situation during the year, as several manufacturers had curtailed production in the year 2009 in order to evade the effect of the recession. Nevertheless, with the recovery of demand in 2010, manufacturers started adding capacity, as a result of which, component shortages started to ease, and pricing of AECs started to stabilize in 2011 at tags comparatively higher than the previous year.
Asia-Pacific continues to remain the largest regional market. Growth in the global aluminum electrolytic capacitors market would be driven by large developing countries worldwide including those in Asia-Pacific. Asia-Pacific is forecast to grow at a CAGR of about 10% over the analysis period. Consumer Electronics continues to be the largest end-use market for aluminum electrolytic capacitors. However, growth in the market would be spearheaded by demand from other end use markets, which comprises medical instruments, defense, space and mining instruments, and electronic applications.
The shift towards flat panel displays worldwide, and a significant growth in personal computers and consumer products, would add impetus to the aluminum capacitors demand, specifically V-chip and H-chip type, in future. Applications, such as automotives (under the hood) and industrial electronics, such as variable speed drives and inverters, welders, and electronic lighting ballasts are expected to create considerable demand for aluminum capacitors. Additionally, the upgrading of existing power grids for improving efficiency and addition of renewable energy systems to the current power generation systems is expected to surge the demand for aluminum electrolytic capacitors in the industrial segment.
Solid Aluminum Electrolytic Capacitors, which uses organic polymers such as polythiolene and polyprole, are expected to be a significant growth driver owing to its ability to measurably reduce ESR levels. The capacitors are lightweight and durable, exhibiting increased tolerance to higher temperature and quicker response time. Of the three major configurations of aluminum capacitors, lead-based AECs are the most widely used variants. However, the chip and solid variants are expected to register faster growth in future. Leaded types form the mainstream of the AEC market, and are used across several industries, ranging from industrial equipment to consumer electronics. Meanwhile, the demand for the chip and solid variants is expected to emerge from manufacturers of ballasts, displays, and flat-panel displays.
Major players profiled in the report include Barker Microfarads Inc., Capacitor Industries, Cornell Dubilier Electronics Inc., DuraCap International Inc., Elna Co. Ltd., Epcos AG, Guangdong Fenghua Advanced Technology (Holding) Co. Ltd., Haimen Sancon Jetwell Electronics Co., Hitachi AIC Inc., Hitano Enterprise Corp., Illinois Capacitor Inc., Kemet Corp., Nippon Chemi-Con, Panasonic Corporation, Rubycon Corp., SamWha Electric Co. Ltd., Sun Electronic Industries Corp., Nichicon Corp., Lelon Electronics Corp., Vishay Intertechnology Inc., among others.
The research report titled Aluminum Electrolytic Capacitors: A Global Strategic Business Report announced by the Global Industry Analysts Inc., provides a comprehensive review of the aluminum electrolytic capacitors markets, current market trends, key growth drivers, recent product launches, recent industry activity, and profiles of major/niche global as well as regional market participants. The report provides annual sales estimates and projections for aluminum electrolytic capacitors market for the years 2009 through 2017 for the following geographic markets - North America, Japan, Europe, Asia-Pacific, and Rest of World. Also, a six-year (2003-2008) historic analysis is provided for additional perspective. The report analyzes the aluminum electrolytic capacitors market by the following end-use markets - Consumer Electronics, Industrial, Computers and Peripherals, Telecommunications, Automotives, and Others.
豫公网安备41010502003434号