The aluminum electrolytic capacitor market is projected to grow at a CAGR of 2.05% to reach US$6.894 billion by 2023, from US$6.105 billion in 2017.Aluminium electrolytic capacitor is one of the most widely used capacitors across industry verticals including communication and technology, energy and power, automotive, and consumer electronics among many others. Rising automotive production coupled with the growing adoption of various consumer electronic devices including smartphone, televisions, and tablets among other will boost the demand for these capacitors. Geographically, Asia Pacific is one of the most attractive markets owing to booming automotive production, rising disposable, improvement in the standard or living and growing demand for internet connectivity.The Asia Pacific aluminum electrolytic capacitor market will grow at an impressive CAGR over the forecast period.
