Electrolytic Capacitor Global Market Report 2025

Electrolytic Capacitor Market Overview

• Electrolytic Capacitor market size has reached to $7.58 billion in 2024

• Expected to grow to $9.43 billion in 2029 at a compound annual growth rate (CAGR) of 5%

• Growth Driver: Explosive Growth Electrolytic Capacitor Market Thrives On Rising Demand For Capacitors

• Market Trend: Evolving Capacitor Technology Nippon Chemi-Con's Khu/Lhu Series Redefines Aluminum Electrolytic Capacitors

• Asia-Pacific was the largest region in 2024.

What Is Covered Under Electrolytic Capacitor Market?

Electrolytic capacitors refer to a type of capacitor that uses an electrolyte to achieve a larger capacitance than other capacitor types. These capacitors reduce voltage and voltage fluctuations. It is used in DC power supply circuits due to their large capacitance and small size for reducing the ripple voltage.

The main types of electrolytic capacitors are aluminium electrolytic capacitors, tantalum electrolytic capacitors, and niobium electrolytic capacitors. Tantalum capacitors are a subtype of electrolytic capacitors and are made of tantalum metal, which acts as an anode, covered by a layer of oxide which acts as the dielectric, and surrounded by a conductive cathode. It is applied in various applications such as power generation, transmission, distribution, and other applications, that involve consumer electronics, industrial electronics and lighting, computers and telecommunications, energy, automotive and aerospace, and defense.

What Is The Electrolytic Capacitor Market Size 2025 And Growth Rate?

The electrolytic capacitor market size has grown steadily in recent years. It will grow from $7.58 billion in 2024 to $7.75 billion in 2025 at a compound annual growth rate (CAGR) of 2.4%. The growth in the historic period can be attributed to electronics industry growth, increased capacitor demand in electronic devices, increased energy storage and power supply needs, increased industrial and automotive applications, and miniaturization of electronics.

What’s The Trade War Impact On Electrical and Electronics Industry?

The rapid rise in U.S. tariffs and the subsequent trade frictions in spring 2025 are having a major impact on the electrical and electronics sector, with semiconductors, display panels, and rare-earth metals (essential for batteries and motors) subject to steep duties. Consumer electronics brands face profit erosion, as competitive markets limit their ability to pass costs to buyers. Industrial electronics manufacturers, meanwhile, grapple with delayed projects due to shortages of tariff-impacted components like printed circuit boards. Companies are responding by relocating assembly to tariff-exempt countries, increasing inventory buffers, and redesigning products to reduce dependency on restricted materials.

How Is The Electrolytic Capacitor Market Segmented?

The electrolytic capacitor market covered in this report is segmented –

1) By Type: Aluminum Electrolytic Capacitors, Tantalum Electrolytic Capacitors, Niobium Electrolytic Capacitors

2) By End-Use Industry: Consumer Electronics, Industrial Electronics and Lighting, Computer and Telecommunications, Energy, Automotive, aerospace and defense

Subsegments:

1) By Aluminum Electrolytic Capacitors: Radial Aluminum Electrolytic Capacitors, Axial Aluminum Electrolytic Capacitors, Snap-In Aluminum Electrolytic Capacitors

2) By Tantalum Electrolytic Capacitors: Tantalum Chip Capacitors, Tantalum Leaded Capacitors, Polymer Tantalum Capacitors

3) By Niobium Electrolytic Capacitors: Niobium Capacitors with Solid Electrolyte, Niobium Capacitors with Liquid Electrolyte

What Is Driving The Electrolytic Capacitor Market? Explosive Growth Electrolytic Capacitor Market Thrives On Rising Demand For Capacitors

The rising demand for capacitors is expected to propel the growth of the electrolytic capacitor market going forward. Capacitors refer to electronic components that have 2 terminals and the ability to store energy in the form of an electric charge. Electrolytic capacitors are used in DC power supply circuits due to their large capacitance, and this will help to reduce voltage and voltage fluctuations. For instance, in February 2022, according to Global Trade magazine, a US-based magazine, the largest capacitor importing markets were China and Hong Kong, accounting for imports of $8.8 billion, $5.4 billion, and Germany, $2 billion. Similarly, in 2020-21, according to the Observatory of Economic Complexity, a US-based data visualization portal for data on global commerce developed by Macro Connections group at the MIT Media Lab, electrical capacitors exports increased by 23.7%, from $28.4 billion to $35.1 billion. Therefore, the rising demand for capacitors is driving the growth of the electrolytic capacitor market.

What Is Driving The Electrolytic Capacitor Market? Revving Up Growth Automotive Sector Drives The Surge In Electrolytic Capacitor Market

The increasing demand for electrolytic capacitors in the automotive sector is expected to propel the growth of the electrolytic capacitors market in the coming years. The automotive sector, sometimes known as the automobile sector, is a collection of companies, organizations, and activities involved in the creation, development, production, promotion, sale, and upkeep of automobiles. This industry covers a wide range of businesses, including manufacturers, parts vendors, dealerships, and service providers, all of which contribute to the production and distribution of automobiles such as automobiles, trucks, motorcycles, and other modes of transportation. Electrolytic capacitors are widely employed in a variety of automotive applications, including engine control units (ECU), hybrid solutions, cooling, pumping, and steering systems, ADAS features and safety systems, and improving EV efficiency. For instance, in May 2023, according to the European Automobile Manufacturers Association, a Belgium-based organization of the 14 largest car, truck, van, and bus manufacturers in the European Union, the total number of vehicles produced globally was 85.4 million in 2022, 5.7 percent increase over the previous year. Therefore, the increasing demand for electrolytic capacitors in the automotive sector is driving the electrolytic capacitor market.

Who Are The Major Players In The Global Electrolytic Capacitor Market?

Major companies operating in the electrolytic capacitor market include Nippon Chemi-Con Corporation, Nichicon Corporation, Nantong Jianghai Capacitor Co. Ltd., Rubycon Corporation, SamYoung Electronic Co. Ltd., TDK Electronics AG, Panasonic Corporation, Capxon Electronic Industrial Co. Ltd., Lelon Electronics Corp., Vishay Intertechnology Inc., KEMET Corporation, Man Yue Technology Holdings Limited, Samwha Capacitor Group, Alcon Electronics Pvt. Ltd., Company, Jianghai Capacitor Co. Ltd., NIC Components Corp., Hitano Enterprise Corp., Taiwan Chinsan Electronics Industrial Co. Ltd., Illinois Capacitor Inc., Cornell Dubilier Electronics Co., Murata Manufacturing Co. Ltd., AVX Corporation, Würth Elektronik GmbH & Co., Elna Co. Ltd., ROHM Semiconductor Pvt. Ltd., Shanghai Yongming Electronic Co. Ltd., Exxelia Group

What Are The Key Trends Of The Global Electrolytic Capacitor Market? Evolving Capacitor Technology Nippon Chemi-Con's Khu/Lhu Series Redefines Aluminum Electrolytic Capacitors

Technological advancements are the key trend gaining popularity in the electrolytic capacitor market. Major companies operating in the electrolytic capacitor market are focused on developing new technological solutions to strengthen their position. For instance, in October 2022, Nippon Chemi-Con Corporation, a Japan-based company that manufactures capacitors and other miscellaneous electrical components, launched the KHU/LHU series of snap-in type aluminum electrolytic capacitors. The KHU Series ensures 3,000 hours at 105°C, whereas the LHU Series promises 5,000 hours at 105°C. These capacitors are used to smooth the power supply input, which aids in the downsizing and longevity of shifting energy sources and general-purpose inverters. Aluminum electrolytic capacitors of the snap-in kind are mostly utilized in power supply smoothing circuits. The newly designed LHU Series and KHU Series achieve increased capacitance for existing 475V and 500V KHS/LHS Series products without sacrificing durability. When compared to the present series, capacitance per volume can be enhanced by up to 60%.

What Are The Key Trends Of The Global Electrolytic Capacitor Market? Nichicon's Gyf Series Pioneering Innovation In Hybrid Capacitors For Enhanced Performance And Circuit Design Advancements

Major companies operating in the electrolytic capacitor market are focusing on product innovations like polymer hybrid aluminum electrolytic capacitors to better meet the needs of their existing consumers. Polymer hybrid aluminum electrolytic capacitors, commonly known as hybrid capacitors, are a kind of capacitor that incorporates the advantages of electrolytic and polymer capacitors in terms of performance. They employ a liquid and conductive polymer combination as the electrolyte, which has unique features and benefits. For instance, in July 2022, Nichicon Corporation, a Japan-based manufacturing company of capacitors, launched the GYF series of high-capacitance conductive polymer hybrid aluminum electrolytic capacitors. The GYF series of conductive polymer hybrid aluminum electrolytic capacitors has one rank greater capacity than the GYA series, which is certified for 4,000 hours at 125°C. The GYF series was designed for markets requiring high dependability, such as automotive, industrial machinery, and telecommunications. The GYF series provides more capacity in the identical case size as the GYE series. The GYF series will help circuit design developments by lowering the number of capacitors, resulting in less weight and fewer components.

Electrolytic Capacitor Market Merger And Acquisition: Exxelia Enhances Engineering Capabilities With $100 Million Acquisition Of Alcon Electronics

In January of 2022, Exxelia, a France-based company that manufactures high-performance sub-systems and passive components, acquired Alcon Electronics for an amount of $100 million. This acquisition will help to strengthen the engineering capabilities of Exxel. Alcon Electronics is an India-based company that manufactures custom-designed aluminium and film electrolytic capacitors.

Regional Outlook For The Global Electrolytic Capacitor Market

Asia-Pacific was the largest region in the electrolyte capacitor market in 2024. The regions covered in the electrolytic capacitor market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the electrolytic capacitor market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

What Defines the Electrolytic Capacitor Market?

The electrolytic capacitors market consists of sales of nonsolid (liquid, or wet), solid manganese dioxide, solid polymer, leaded tantalum capacitors, and surface mount tantalum capacitors. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What is the Market Assessment and Strategic Outlook for the Electrolytic Capacitor Industry?

The electrolytic capacitor market research report is one of a series of new reports from The Business Research Company that provides electrolytic capacitor market statistics, including electrolytic capacitor industry global market size, regional shares, competitors with an electrolytic capacitor market share, detailed electrolytic capacitor market segments, market trends and opportunities, and any further data you may need to thrive in the electrolytic capacitor industry. This electrolytic capacitor market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.