“Global Hybrid Capacitor Market to reach a market value of USD 39.6 Million by 2030 growing at a CAGR of 5.4%”
The Global Hybrid Capacitor Market size is expected to reach $39.6 million by 2030, rising at a market growth of 5.4% CAGR during the forecast period. In the year 2022, the market attained a volume of 1,495.61 Hundred Units experiencing a growth of 4.9% (2019-2022).
The Asia Pacific region’s urban population is growing rapidly, leading to increased demand for electricity in urban areas. These capacitors store and deliver energy efficiently in urban infrastructure, such as smart buildings and transportation systems. Consequently, the Asia Pacific region would acquire nearly 30% of the total market share by 2030. Additionally, an electrified public transportation system and a shift toward electric vehicles (EVs) are occurring in the region, increasing the demand for these capacitors to store energy and power these vehicles.
Numerous variables are contributing to the escalating demand for energy storage solutions. The increasing demand for energy storage solutions, driven by the global transition toward renewable energy sources and supportive government policies, is expected to impact the demand for these capacitors positively. Additionally, Advancements in manufacturing processes have played a significant role in improving the capacitors' performance, efficiency, and cost-effectiveness. Furthermore, advancements in electrolyte formulation and processing have contributed to the improved performance of these capacitors. Therefore, these developments will aid the market's growth in the coming years.
However, High costs increase the reluctance of consumers and manufacturers to invest in novel technologies. The initial capital outlay required for purchasing these capacitors can be prohibitive for some businesses, especially smaller enterprises or those operating on tight budgets. Thus, the high cost of these capacitors poses a significant challenge to their widespread adoption and market growth.
On the basis of application, the market is classified into power generation, transmission, distribution, and others. The transmission segment recorded a 30% revenue share in the market in 2022. Urban areas and industrial zones require large amounts of electricity to support infrastructure, manufacturing, and residential needs. This drives the need for expansion and improvement of power transmission infrastructure.
Based on product, the market is characterized into radial type and laminating type. The radial type segment procured 43% market share in the market in 2022. Radial capacitors can store much energy relative to their size. This makes them suitable for applications that require high energy density, such as electric vehicles, renewable energy systems, and power backup systems.
Free Valuable Insights: Global Hybrid Capacitor Market size to reach USD 39.6 Million by 2030
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America segment witnessed 30% revenue share in the market in 2022. The demand for these capacitors in North America is driven by the region's focus on renewable energy, electrification of transportation, smart grid development, industrial automation, telecommunications infrastructure, military and aerospace applications, and consumer electronics.
| Report Attribute | Details |
|---|---|
| Market size value in 2022 | USD 26.3 Million |
| Market size forecast in 2030 | USD 39.6 Million |
| Base Year | 2022 |
| Historical Period | 2019 to 2021 |
| Forecast Period | 2023 to 2030 |
| Revenue Growth Rate | CAGR of 5.4% from 2023 to 2030 |
| Quantitative Data | Volume in Hundred Units, Revenue in USD Million, and CAGR from 2019 to 2030 |
| Number of Pages | 230 |
| Number of Tables | 509 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Product, Application, Region |
| Country scope |
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| Companies Included | TAIYO YUDEN CO., LTD., SPEL TECHNOLOGIES PRIVATE LIMITED, Vishay Intertechnology, Inc., Yunasko Ltd, Kemet Corporation, JTEKT Corporation, CAP-XX Ltd, Murata Manufacturing Co., Ltd. and Quantic Electronics (Arcline Investment Management LP) |
By Product (Volume, Hundred Units, USD Million, 2019-2030)
By Application (Volume, Hundred Units, USD Million, 2019-2030)
By Geography (Volume, Hundred Units, USD Million, 2019-2030
This Market size is expected to reach $39.6 million by 2030.
Increasing demand for energy storage solutions are driving the Market in coming years, however, High cost of hybrid capacitors restraints the growth of the Market.
TAIYO YUDEN CO., LTD., SPEL TECHNOLOGIES PRIVATE LIMITED, Vishay Intertechnology, Inc., Yunasko Ltd, Kemet Corporation, JTEKT Corporation, CAP-XX Ltd, Murata Manufacturing Co., Ltd. and Quantic Electronics (Arcline Investment Management LP)
In the year 2022, the market attained a volume of 1,495.61 Hundred Units experiencing a growth of 4.9% (2019-2022).
The Laminating Type segment led the Market, by Product in 2022; there by, achieving a market value of $21.7 Million by 2030.
The North America region dominated the Market, by Region in 2022, and would continue to be a dominant market till 2030; there by, achieving a market value of $13 Million by 2030.
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