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.
By Product Analysis
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.
By Application Analysis
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.
By Regional Analysis
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.
List of Key Companies Profiled
- TAIYO YUDEN CO., LTD.
- SPEL TECHNOLOGIES PRIVATE LIMITED
- Vishay Intertechnology, Inc.
- Yunasko Ltd
- Kemet Corporation
- JTEKT Corporation
- CAP-XX Ltd
- Murata Manufacturing Co., Ltd.
- Quantic Electronics (Arcline Investment Management LP)
Global Hybrid Capacitor Market Report Segmentation
By Product (Volume, Hundred Units, USD Million, 2019-2030)
- Laminating Type
- Radial Type
By Application (Volume, Hundred Units, USD Million, 2019-2030)
- Power Generation
- Transmission
- Distribution
- Others
By Geography (Volume, Hundred Units, USD Million, 2019-2030)
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Taiwan
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1.Market Scope & Methodology
- 1.1Market Definition
- 1.2Objectives
- 1.3Market Scope
- 1.4Segmentation
- 1.4.1Global Hybrid Capacitor Market, by Product
- 1.4.2Global Hybrid Capacitor Market, by Application
- 1.4.3Global Hybrid Capacitor Market, by Geography
- 1.5Methodology for the research
Chapter 2.Market at a Glance
Chapter 3.Market Overview
- 3.1Introduction
- 3.1.1Overview
- 3.1.1.1Market Composition and Scenario
- 3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Restraints
- 3.2.3Market Opportunities
- 3.2.4Market Challenges
- 3.3Porter's Five Forces Analysis
Chapter 4.Global Hybrid Capacitor Market, by Product
- 4.1Global Laminating Type Market, by Region
- 4.2Global Radial Type Market, by Region
Chapter 5.Global Hybrid Capacitor Market, by Application
- 5.1Global Power Generation Market, by Region
- 5.2Global Transmission Market, by Region
- 5.3Global Distribution Market, by Region
- 5.4Global Others Market, by Region
Chapter 6.Global Hybrid Capacitor Market, by Region
- 6.1North America Hybrid Capacitor Market
- 6.1.1North America Hybrid Capacitor Market, by Product
- 6.1.1.1North America Laminating Type Market, by Country
- 6.1.1.2North America Radial Type Market, by Country
- 6.1.2North America Hybrid Capacitor Market, by Application
- 6.1.2.1North America Power Generation Market, by Country
- 6.1.2.2North America Transmission Market, by Country
- 6.1.2.3North America Distribution Market, by Country
- 6.1.2.4North America Others Market, by Country
- 6.1.3North America Hybrid Capacitor Market, by Country
- 6.1.3.1US Hybrid Capacitor Market
- 6.1.3.1.1US Hybrid Capacitor Market, by Product
- 6.1.3.1.2US Hybrid Capacitor Market, by Application
- 6.1.3.2Canada Hybrid Capacitor Market
- 6.1.3.2.1Canada Hybrid Capacitor Market, by Product
- 6.1.3.2.2Canada Hybrid Capacitor Market, by Application
- 6.1.3.3Mexico Hybrid Capacitor Market
- 6.1.3.3.1Mexico Hybrid Capacitor Market, by Product
- 6.1.3.3.2Mexico Hybrid Capacitor Market, by Application
- 6.1.3.4Rest of North America Hybrid Capacitor Market
- 6.1.3.4.1Rest of North America Hybrid Capacitor Market, by Product
- 6.1.3.4.2Rest of North America Hybrid Capacitor Market, by Application
- 6.2Europe Hybrid Capacitor Market
- 6.2.1Europe Hybrid Capacitor Market, by Product
- 6.2.1.1Europe Laminating Type Market, by Country
- 6.2.1.2Europe Radial Type Market, by Country
- 6.2.2Europe Hybrid Capacitor Market, by Application
- 6.2.2.1Europe Power Generation Market, by Country
- 6.2.2.2Europe Transmission Market, by Country
- 6.2.2.3Europe Distribution Market, by Country
- 6.2.2.4Europe Others Market, by Country
- 6.2.3Europe Hybrid Capacitor Market, by Country
- 6.2.3.1Germany Hybrid Capacitor Market
- 6.2.3.1.1Germany Hybrid Capacitor Market, by Product
- 6.2.3.1.2Germany Hybrid Capacitor Market, by Application
- 6.2.3.2UK Hybrid Capacitor Market
- 6.2.3.2.1UK Hybrid Capacitor Market, by Product
- 6.2.3.2.2UK Hybrid Capacitor Market, by Application
- 6.2.3.3France Hybrid Capacitor Market
- 6.2.3.3.1France Hybrid Capacitor Market, by Product
- 6.2.3.3.2France Hybrid Capacitor Market, by Application
- 6.2.3.4Russia Hybrid Capacitor Market
- 6.2.3.4.1Russia Hybrid Capacitor Market, by Product
- 6.2.3.4.2Russia Hybrid Capacitor Market, by Application
- 6.2.3.5Spain Hybrid Capacitor Market
- 6.2.3.5.1Spain Hybrid Capacitor Market, by Product
- 6.2.3.5.2Spain Hybrid Capacitor Market, by Application
- 6.2.3.6Italy Hybrid Capacitor Market
- 6.2.3.6.1Italy Hybrid Capacitor Market, by Product
- 6.2.3.6.2Italy Hybrid Capacitor Market, by Application
- 6.2.3.7Rest of Europe Hybrid Capacitor Market
- 6.2.3.7.1Rest of Europe Hybrid Capacitor Market, by Product
- 6.2.3.7.2Rest of Europe Hybrid Capacitor Market, by Application
- 6.3Asia Pacific Hybrid Capacitor Market
- 6.3.1Asia Pacific Hybrid Capacitor Market, by Product
- 6.3.1.1Asia Pacific Laminating Type Market, by Country
- 6.3.1.2Asia Pacific Radial Type Market, by Country
- 6.3.2Asia Pacific Hybrid Capacitor Market, by Application
- 6.3.2.1Asia Pacific Power Generation Market, by Country
- 6.3.2.2Asia Pacific Transmission Market, by Country
- 6.3.2.3Asia Pacific Distribution Market, by Country
- 6.3.2.4Asia Pacific Others Market, by Country
- 6.3.3Asia Pacific Hybrid Capacitor Market, by Country
- 6.3.3.1China Hybrid Capacitor Market
- 6.3.3.1.1China Hybrid Capacitor Market, by Product
- 6.3.3.1.2China Hybrid Capacitor Market, by Application
- 6.3.3.2Japan Hybrid Capacitor Market
- 6.3.3.2.1Japan Hybrid Capacitor Market, by Product
- 6.3.3.2.2Japan Hybrid Capacitor Market, by Application
- 6.3.3.3India Hybrid Capacitor Market
- 6.3.3.3.1India Hybrid Capacitor Market, by Product
- 6.3.3.3.2India Hybrid Capacitor Market, by Application
- 6.3.3.4South Korea Hybrid Capacitor Market
- 6.3.3.4.1South Korea Hybrid Capacitor Market, by Product
- 6.3.3.4.2South Korea Hybrid Capacitor Market, by Application
- 6.3.3.5Singapore Hybrid Capacitor Market
- 6.3.3.5.1Singapore Hybrid Capacitor Market, by Product
- 6.3.3.5.2Singapore Hybrid Capacitor Market, by Application
- 6.3.3.6Taiwan Hybrid Capacitor Market
- 6.3.3.6.1Taiwan Hybrid Capacitor Market, by Product
- 6.3.3.6.2Taiwan Hybrid Capacitor Market, by Application
- 6.3.3.7Rest of Asia Pacific Hybrid Capacitor Market
- 6.3.3.7.1Rest of Asia Pacific Hybrid Capacitor Market, by Product
- 6.3.3.7.2Rest of Asia Pacific Hybrid Capacitor Market, by Application
- 6.4LAMEA Hybrid Capacitor Market
- 6.4.1LAMEA Hybrid Capacitor Market, by Product
- 6.4.1.1LAMEA Laminating Type Market, by Country
- 6.4.1.2LAMEA Radial Type Market, by Country
- 6.4.2LAMEA Hybrid Capacitor Market, by Application
- 6.4.2.1LAMEA Power Generation Market, by Country
- 6.4.2.2LAMEA Transmission Market, by Country
- 6.4.2.3LAMEA Distribution Market, by Country
- 6.4.2.4LAMEA Others Market, by Country
- 6.4.3LAMEA Hybrid Capacitor Market, by Country
- 6.4.3.1Brazil Hybrid Capacitor Market
- 6.4.3.1.1Brazil Hybrid Capacitor Market, by Product
- 6.4.3.1.2Brazil Hybrid Capacitor Market, by Application
- 6.4.3.2Argentina Hybrid Capacitor Market
- 6.4.3.2.1Argentina Hybrid Capacitor Market, by Product
- 6.4.3.2.2Argentina Hybrid Capacitor Market, by Application
- 6.4.3.3UAE Hybrid Capacitor Market
- 6.4.3.3.1UAE Hybrid Capacitor Market, by Product
- 6.4.3.3.2UAE Hybrid Capacitor Market, by Application
- 6.4.3.4Saudi Arabia Hybrid Capacitor Market
- 6.4.3.4.1Saudi Arabia Hybrid Capacitor Market, by Product
- 6.4.3.4.2Saudi Arabia Hybrid Capacitor Market, by Application
- 6.4.3.5South Africa Hybrid Capacitor Market
- 6.4.3.5.1South Africa Hybrid Capacitor Market, by Product
- 6.4.3.5.2South Africa Hybrid Capacitor Market, by Application
- 6.4.3.6Nigeria Hybrid Capacitor Market
- 6.4.3.6.1Nigeria Hybrid Capacitor Market, by Product
- 6.4.3.6.2Nigeria Hybrid Capacitor Market, by Application
- 6.4.3.7Rest of LAMEA Hybrid Capacitor Market
- 6.4.3.7.1Rest of LAMEA Hybrid Capacitor Market, by Product
- 6.4.3.7.2Rest of LAMEA Hybrid Capacitor Market, by Application
Chapter 7.Company Profiles
- 7.1TAIYO YUDEN CO., LTD.
- 7.1.1Company Overview
- 7.1.2Financial Analysis
- 7.1.3Regional Analysis
- 7.1.4Research & Development Expenses
- 7.1.5Recent strategies and developments:
- 7.1.5.1Partnerships, Collaborations, and Agreements:
- 7.2SPEL Technologies Private Limited
- 7.3Quantic Electronics (Arcline Investment Management LP)
- 7.3.1Company Overview
- 7.3.2Recent strategies and developments:
- 7.3.2.1Product Launches and Product Expansions:
- 7.4CAP-XX Limited
- 7.4.1Company Overview
- 7.4.2Financial Analysis
- 7.4.3Regional Analysis
- 7.4.4Research & Development Expenses
- 7.5Vishay Intertechnology, Inc.
- 7.5.1Company Overview
- 7.5.2Financial Analysis
- 7.5.3Segmental and Regional Analysis
- 7.5.4Research and Development Expense
- 7.5.5SWOT Analysis
- 7.6YUNASKO LTD
- 7.6.1Company Overview
- 7.6.2SWOT Analysis
- 7.7KEMET Corporation
- 7.7.1Company Overview
- 7.7.2Recent strategies and developments:
- 7.7.2.1Product Launches and Product Expansions:
- 7.7.3SWOT Analysis
- 7.8JTEKT Corporation
- 7.8.1Company Overview
- 7.8.2Financial Analysis
- 7.8.3Segmental Analysis
- 7.8.4Research & Development Expenses
- 7.9Murata Manufacturing Co., Ltd.
- 7.9.1Company Overview
- 7.9.2Financial Analysis
- 7.9.3Segmental and Regional Analysis
- 7.9.4Research & Development Expense
Chapter 8.Winning Imperatives of Hybrid Capacitor Market