Capacitors Manufacturing Business. Production of Electrical Capacitor
Capacitors are the life blood of electronics revolution. Ceramic, Tantalum, Aluminum and Film capacitors are engines of a new economy. These seemingly innocuous electronics are some of the most strategic elements in the world.
Capacitors are devices which store electrical charge. They are a basic component of electronics and have a host of various applications. The most common use for capacitors is energy storage. Additional uses include power conditioning, signal coupling or decoupling, electronic noise filtering, and remote sensing. Because of its varied applications, capacitors are used in a wide range of industries and have become a vital part of everyday life.
Capacitors are used as sensors to measure a variety of things, including air humidity, fuel levels and mechanical strain. The capacitance of a device is dependent on its structure. Changes in the structure can be measured as a loss or gain of capacitance. Two aspects of a capacitor are used in sensing applications: the distance between the parallel plates and the material between them. The former is used to detect mechanical changes such as acceleration and pressure. Even minute changes in the material between the plates can be enough to alter the capacitance of the device, an effect exploited when sensing air humidity.
Capacitors have found increasingly advanced applications in information technology. The device reads one value when the capacitor is charged and another when discharged. Capacitors are also used in conjunction with inductors to tune circuits to particular frequencies, an effect exploited by radio receivers, speakers, and analog equalizers.
India electrical capacitor market is projected to grow from $ 394 million in 2017 to $ 625 million by 2023 on account of rising penetration of smart devices and growing demand for renewable energy sources as they use inverters to convert DC power to AC power. Moreover, rising focus of the government on domestic manufacturing under the ‘Make in India’ initiative is further positively influencing India electrical capacitor market. Electrical capacitors are widely used in consumer electronics such as mobile phones, laptops, air conditioners, refrigerators, washing machines, etc. Thus, with rising demand for electronic products, demand for electrical capacitors is also anticipated to increase over the coming years.
Electrical capacitors are widely used in consumer electronics such as mobile phones, laptops, air conditioners, refrigerators, washing machines, etc. Thus, with rising demand for electronic products, demand for electrical capacitors is also anticipated to increase over the coming years.
India Electrical Capacitor Market Size, By Application, By Value, 2013-2023F
Consumer Durables and IT Hardware are the major application areas for electrical capacitors and anticipated growth in these industries is expected to drive the electrical capacitor market in India over the next five years. The growing trend for adoption of polymer as well as hybrid capacitors is also expected to continue propelling market growth.
Some of the ley players operating in India electrical capacitor market are EPCOS India Pvt. Ltd., Globe Capacitors Limited, Deki Electronics Limited, Keltron Component Complex Limited, Desai Electronics Private Limited, Vishay Components India Private Limited, Murata Electronics (India) Private Limited, KYOCERA Asia Pacific (India) Pvt. Ltd., Panasonic India Pvt. Ltd. and Rubycon Singapore Pte. Ltd.
Global Capacitor Industry
The global capacitor industry is estimated to reach $20.2 billion in total revenue by 2018, with a CAGR of 2.5% over the next five years. Competitive rivalry is high in the industry because of large number of players and low product differentiation. Industry players would be well served to focus on advancement in paper capacitors and modifications in aluminum electrolytic capacitors.
The rising trend for more compact, portable, and complex electronic devices; demand for capacitors with higher capacitance value with a low cost; and demand for devices with better connectivity and mobility have significantly influenced the industry.
Over the last few years, the demand for electrical products like capacitors has been on the rise in India. Being a passive electrical component, capacitors are widely being integrated in consumer electronics, telecom devices, automotive equipment, and IT hardware. Capacitors are used in manufacturing most of the popular and fast selling consumer electronic devices such as smartphones, laptops, desktop PCs, tables, camcorders, etc.
Recent government initiatives towards digitization have further influenced the demand for electrical capacitors in the country. However, India has very limited manufacturing base for capacitors, predominantly due to existing technological challenges and lack of skilled manpower. As a result, the country mainly relies on imports from other Asian countries like China, Japan, South Korea and Singapore.
By type, the global electric capacitor market has been segmented as aluminium, ceramic, tantalum, polymer, film, super capacitors, and others. Super capacitors held a significant market share in 2017 on account of their increased usage in applications within cars, buses, trains, cranes, and elevators among others, where they are used for regenerative braking, short-term energy storage, and burst mode power delivery. The rising adoption of newly improved capacitors in the industrial and electronic sector has been a major driving factor in the growth of the electrical capacitor market.
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