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Technavio’s market research analyst predicts the global low-voltage capacitor market to grow at a CAGR of close to 4% by 2020. The consumer electronic sector is the major end-user segment for low-voltage capacitors, occupying around 32% of the overall market share. The growing demand for smartphones and its increasing penetration, especially in the developing economies are driving the consumer electronics sector. Capacitors are preferred in smartphones due to the rising technological complexity, enhanced functionality, and need for efficiency. The growing consumer electronic sector will be a major driver for the low-voltage capacitor market in the coming years.
An interesting trend gaining traction in the market is the growing demand from renewable energy systems. Plastic film capacitors are the most prominent type of capacitors used in renewable energy systems. Technavio’s market research analysts expect applications such as power smoothing for solar and wind inverters, and pitch and nacelle control for wind turbine blades will be major growth drivers of the capacitor market in renewable energy systems. The upsurge in the construction of renewable energy sources such as wind, nuclear, and solar energy has increased the demand for components such as low-voltage capacitors, which will positively impact the growth of this market during the forecast period.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by type
PART 07: Market segmentation by application
PART 08: Geographical segmentation
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Key vendor analysis
PART 16: Appendix
PART 17: Explore Technavio
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