Supply and Demand Analysis of Aluminum Electrolytic Capacitor Market in 2023

Supply and Demand Analysis of Aluminum Electrolytic Capacitor Market

1. In recent years, the demand for aluminum electrolytic capacitors in China has continued to grow

In 2022, the market size of aluminum electrolytic capacitors in China reached 35.88 billion yuan, a year-on-year increase of 10.3%, mainly benefiting from factors such as domestic economic recovery, increased demand for new energy vehicles, and 5G communication construction.

For the entire year of 2023, the market size of aluminum electrolytic capacitors in China is expected to reach 39.67 billion yuan, a year-on-year increase of 10.6%, mainly benefiting from stable growth in domestic and foreign market demand, breakthroughs in high-end product technology, and coordinated development of the industrial chain.

2. Market supply: China is the world's largest producer of aluminum electrolytic capacitors

In 2022, the production of aluminum electrolytic capacitors in China reached 20.81 billion units, a year-on-year increase of 10%.

For the entire year 2023, the production of aluminum electrolytic capacitors in China is expected to be 22.89 billion units, a year-on-year increase of 10%.

3. Market demand: China is the world's largest consumer of aluminum electrolytic capacitors

In 2022, the demand for aluminum electrolytic capacitors in China was 20.91 billion units, a year-on-year increase of 10%.

For the entire year 2023, the demand for aluminum electrolytic capacitors in China is expected to be 23 billion units, a year-on-year increase of 10%.

Analysis of market segmentation areas for aluminum electrolytic capacitors

1. Consumer electronics industry

The consumer electronics industry is one of the main application areas of aluminum electrolytic capacitors, mainly including products such as mobile phones, tablets, laptops, desktops, displays, audio systems, cameras, etc. The requirements for aluminum electrolytic capacitors in these products are mainly miniaturization, high-performance, and low-cost.

With the development of 5G communication technology and the popularization of smartphones, the upgrading of consumer electronic products is accelerating, and the demand for aluminum electrolytic capacitors is also increasing.

In 2022, the demand for aluminum electrolytic capacitors for consumer electronics products in China was 6.61 billion units, accounting for 31.6% of the total demand.

For the entire year 2023, the demand for aluminum electrolytic capacitors for consumer electronics products in China is expected to be 7.27 billion units, accounting for 31.5% of the total demand.

2. Industrial power supply and lighting industry

The industrial power supply and lighting industry is one of the important application fields of aluminum electrolytic capacitors, mainly including switching power supplies, inverters, chargers, LED lighting and other products. The main requirements for aluminum electrolytic capacitors in these products are high voltage resistance, high temperature resistance, and long service life.

With the promotion of energy-saving and emission reduction policies both domestically and internationally, as well as the development of new energy vehicles, the demand for industrial power and lighting industries is growing rapidly, and the demand for aluminum electrolytic capacitors is also increasing.

In 2022, the demand for aluminum electrolytic capacitors for industrial power and lighting products in China was 6.21 billion units, accounting for 29.7% of the total demand.

Throughout 2023, the demand for aluminum electrolytic capacitors for industrial power and lighting products in China is expected to be 6.84 billion units, accounting for 29.7% of the total demand.

3. New energy and new energy vehicle industry

The new energy and new energy vehicle industry is one of the emerging application fields of aluminum electrolytic capacitors, mainly including wind power generation, solar power generation, photovoltaic inverters, hybrid vehicles, pure electric vehicles, and other products. The main requirements for aluminum electrolytic capacitors in these products are high capacity, high reliability, and high efficiency.

With the rapid development of the domestic and international new energy industry and the explosive growth of the new energy vehicle market, the demand for aluminum electrolytic capacitors is also showing a rapid growth trend.

In 2022, the demand for aluminum electrolytic capacitors for new energy and new energy vehicle products in China was 4.16 billion units, accounting for 19.9% of the total demand.

Throughout 2023, the demand for aluminum electrolytic capacitors for new energy and new energy vehicle products in China is expected to be 4.58 billion units, accounting for 19.9% of the total demand.

Development Trend of Aluminum Electrolytic Capacitor Market

1. High end: High pressure, high temperature, large capacity, long service life and other characteristics have become the development direction

With the continuous expansion of downstream application fields and the continuous improvement of technical requirements, the performance and quality of aluminum electrolytic capacitors are also facing higher challenges. Especially in the new energy and new energy vehicle industries, aluminum electrolytic capacitors need to have characteristics such as high voltage, high temperature, large capacity, and long service life to meet the needs of high efficiency, high reliability, and low cost. Therefore, the aluminum electrolytic capacitor industry needs to increase technological innovation and research and development investment, improve product grade and added value, and achieve high-end development.

2. Environmental protection: Energy conservation, emission reduction, pollution-free, recyclable and other characteristics have become development requirements

With the continuous introduction of environmental protection policies at home and abroad and the increasing awareness of social responsibility, the aluminum electrolytic capacitor industry also needs to actively respond and cooperate to achieve environmentally friendly development. On the one hand, the aluminum electrolytic capacitor industry needs to optimize production processes and equipment, reduce energy consumption and emissions, and improve resource utilization and recovery rates; On the other hand, the aluminum electrolytic capacitor industry needs to develop and promote pollution-free and recyclable products, such as solid-state aluminum capacitors, to reduce their impact and risks on the environment.

3. Diversification: Diversification, personalization, customization and other characteristics have become the development trend

With the diversification of downstream application fields and personalized user needs, the aluminum electrolytic capacitor industry also needs to adapt to market changes and customer needs, and achieve diversified development. On the one hand, the aluminum electrolytic capacitor industry needs to expand new application fields and market space, such as medical equipment, aerospace, military equipment, etc; On the other hand, the aluminum electrolytic capacitor industry needs to provide a variety of specifications and models of products to meet the different needs of different customers, and provide customized services to increase product differentiation and competitiveness.

In summary, the market size of aluminum electrolytic capacitors in China continues to grow, with a complete and highly concentrated industrial chain. Downstream applications are widespread and demand is steadily increasing. In the future, supported by stable growth in domestic and international market demand, breakthroughs in high-end product technology, and coordinated development of the industrial chain, the Chinese aluminum electrolytic capacitor industry will usher in greater development opportunities and space. At the same time, the aluminum electrolytic capacitor industry also needs continuous innovation and improvement to achieve high-end, environmentally friendly, and diversified development, in order to improve product performance and quality, meet market and customer needs, enhance industry competitiveness and sustainable development capabilities.

Huanyu Future Technology believes that the Chinese aluminum electrolytic capacitor industry is an industry with high growth potential and development potential, which is worthy of attention and investment.