China became the world's largest market for capacitors

China becomes the world's largest capacitor market aluminum electrolytic capacitor application demand increases

Capacitor, is the storage of electricity and electric energy (electric potential energy) components, is an indispensable basic component in the electronic circuit, in electronic appliances, machinery, medical, transportation, communications, instrumentation, aerospace and other fields have a large application demand. In recent years, with the continuous growth of China's economy, the scale of electronic information industry continues to expand, and the upgrading of electronic products speeds up, driving the continuous growth of Capacitor market in China.

According to the "2020-2025 China Capacitor Venture Capital Industry Analysis Report" released by Sijie Industry Research Center, in recent years, with the continuous development of downstream industry, the application demand for capacitors has been expanding, making the Capacitor market in China and even the world maintain a steady growth trend. To be specific, in 2019, the global capacitor market size reached 22 billion US dollars, of which China accounted for more than 70%, the market size reached 15.7 billion US dollars, is the largest capacitor market in the world. In addition, the growth rate of China's capacitor market is also faster than the global average growth rate, so the domestic market has become the main driving force for the growth of the global capacitor market.

In terms of product types, capacitors can be subdivided into ceramic capacitors, aluminum electrolytic capacitors, tantalum electrolytic capacitors and film capacitors according to the different media. Among them, ceramic capacitors have the advantages of wide capacitance range, large specific capacity, small dielectric loss, high stability, good moisture resistance, low price, and are most widely used. Aluminum electrolytic capacitors have the advantages of small size, large capacity, long life, high temperature resistance, low impedance and so on, and have a large application demand in the large capacitor industry. In addition, tantalum electrolytic capacitors are widely used in aerospace, aviation, weapons and other high-end consumer electronics, while thin film capacitors have a good development prospect in the new energy vehicle industry.

Taking aluminum electrolytic capacitors as an example, according to the "2020-2024 Aluminum Electrolytic Capacitor Industry Market In-depth Research and Investment Forecast analysis report" released by The New Sijie Industry Research Center, in recent years, with the continuous development of science and technology, the market demand for miniaturized, integrated and high-end electronic components continues to grow. To a certain extent to stimulate the development of aluminum electrolytic capacitor industry. In 2019, China's demand for aluminum electrolytic capacitors reached 19.9 billion pieces, an increase of 6.5 percent compared with 2018. The market size also expanded to 28.5 billion yuan, up 6.7 percentage points from 2018. In the future, as the industry shifts to the middle and high-end market, China's aluminum electrolytic capacitor market scale will maintain a rapid growth rate.

In recent years, as China's economy continues to grow, the scale of electronic information industry continues to expand, driving the continuous growth of China's capacitor market, and currently China has become the world's largest capacitor market. At present, The advanced technology of aluminum electrolytic capacitors in China is one of the important production places in the world, and the increasing demand for aluminum electrolytic capacitors in domestic consumer electronics and photovoltaic power generation will further promote the sustainable development of aluminum electrolytic capacitors industry.