Capacitor Market Highlights: Asia-Pacific leads, driven by EVs. Market competitive, dominated by TDK, Vishay. Innovations abound, like Vishay's automotive series, TDK's ModCap HF. Key players include Capacitor Manufacturer, Capacitor ac, Power Capacitor, and China Capacitor.
Capacitor Market Trends (Capacitor Market Analysis, Capacitor ac, Power Capacitor, China Capacitor)
1. Expansion of Capacitors in Electric Vehicles (EVs):
Market Share Growth: Market share of capacitors for power electronics in EVs expected to increase from 29% to 44% by the end of the forecast period.
Usage in EVs: Capacitors are crucial in electric vehicles for smoothing DC bus voltage fluctuations and suppressing ripple currents, enhancing performance and efficiency.
Transition in Semiconductors: Capacitors are utilized for safeguarding semiconductors like IGBTs, marking a shift from traditional thyristors, Capacitor Market Analysis, Capacitor ac, Power Capacitor, China Capacitor
2. Rise of Supercapacitors/EDLC Segment:
Significant Growth: Supercapacitors (Electrical Double Layer Capacitors - EDLC) projected to register substantial growth.
Versatile Applications: Widely used in electric drives, UPS, active filters, traction, LED lamps, SSDs, and automotive industries.
Exceptional Storage Capacity: Supercapacitors offer high capacitance and durability, with the ability to perform numerous charge-discharge cycles compared to batteries.
3. Impact of Electric Bus Adoption:
Technological Adoption: China leads in electric bus adoption, utilizing supercapacitors as the sole power source.
Environmental Concerns: Increasing adoption of electric buses globally driven by rising oil prices and environmental pollution concerns.
Market Growth: Growing adoption of electric buses and EVs contributes to the expansion of the capacitor market in power electronics.
4. Induction Motors and Power Factor Correction:
Industrial Significance: Three-phase AC induction motors are widely used in industrial and mining applications.
Power Factor Correction: Capacitors are employed to improve power factors of induction motors, enhancing efficiency and reducing energy consumption.
5. Cost Dynamics and Market Projection:
Cost Influence: Capacitor cost constitutes around 10% of the total cost of power converters, impacting overall system expenses.
Projected Growth: Capacitor market for power electronics estimated to reach USD 6.3 billion by the end of the forecast period, with a CAGR of approximately 6.1%.
6. Global Market Insights:
Market Drivers: Clean and renewable energy initiatives drive demand for capacitors in power electronics.
Technological Advancements: Advancements in ac capacitor technology, including supercapacitors, cater to diverse applications across industries.
These trends highlight the evolving landscape of the capacitor market for power electronics, driven by technological innovations, environmental concerns, and the electrification of transportation.
Asia-Pacific's Dominance in Capacitor Market
1. Rising Popularity of EVs in China:
Market Dominance: China emerges as a significant market for capacitors in power electronics due to the rapid adoption of electric vehicles (EVs).
Government Support: China's 13th Five-Year Plan prioritizes green transportation solutions, driving the development of hybrid and electric cars.
Exceeding Forecasts: China achieves a nationwide EV penetration rate of 20% in 2022, surpassing government forecasts for 2025.
2. Government Initiatives in India:
Expansion of Electric Distribution: India's government initiatives to expand electric distribution networks bolster the demand for capacitors in power electronics.
FAME-II Incentives: Increased incentives under the FAME-II plan, along with the extension of phase II, encourage the adoption of electric two-wheelers (e-2W).
Strategic Objectives: FAME-India Scheme aims to promote economical and eco-friendly transportation, strengthen fuel security, and enhance India's global manufacturing prowess.
3. Market Investments and Acquisitions:
Investment Trends: Asia-Pacific witnesses a surge in market investments, reflecting the region's growing significance in the capacitor market.
Strategic Acquisition: Exxelia's acquisition of Alcon Electronics in India showcases the region's focus on expanding capabilities in passive components and subsystems.
Diverse Capacitor Offerings: Alcon Electronics specializes in custom-designed film and aluminum electrolytic capacitors for various applications, including renewable energy and power production.
Asia-Pacific's capacitor market for power electronics is shaped by robust government support, increasing EV adoption, and strategic investments, positioning the region as a key player in the global capacitor industry.
Capacitor Industry Overview
1. Market Landscape:
Moderately Fragmented: The capacitors market for power electronics exhibits moderate fragmentation and high competitiveness.
Key Players: Prominent international and domestic players include TDK Corporation, Vishay Intertechnology Inc., Murata Manufacturing Co. Ltd, AVX Corporation, and Kemet Corporation (Yageo Company), among others.
2. Competitive Strategies:
Continuous Innovation: Players focus on innovating new products to maintain competitiveness in the market.
Business Development: Various business development strategies are employed to sustain market position amidst competition.
3. Product Innovations:
Vishay BC Components 172 RLX Series (April 2023):
Features: Low-impedance automotive-grade miniature aluminum electrolytic capacitors with 14 case sizes.
Applications: Suitable for automotive, telecommunications, industrial, audio-video, and electronic data processing (EDP) applications.
TDK Corporation ModCap HF (December 2022):
Features: Modular capacitors designed for extremely high switching frequencies in DC link applications.
Specifications: Available in six variants with voltages ranging from 900 to 1600 volts and capacitance ranges between 640 and 1850 volts.
Benefits: Ideal for SiC-based inverters with ultra-low ESL value and flat ESR vs. Frequency evolution, minimizing losses even at high frequency.
4. Market Applications:
Diverse Applications: Capacitors find applications in various sectors including automotive, telecommunications, industrial, and electronic data processing.
Functions: Capacitors serve purposes such as smoothing, filtering, buffering, and energy storage in electronic circuits.
The capacitor industry for power electronics is characterized by intense competition, driven by continuous innovation, and strategic product development efforts by key players like TDK Corporation and Vishay Intertechnology Inc. Product innovations cater to diverse applications across industries, ensuring the industry's dynamic growth and evolution.
Dawn Capacitors Product
Reference: Dawn Capacitors FB, Dawn Capacitors IG, Mordor Intelligence
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