Global Aluminum Electrolytic Capacitors Market to Reach $7.1 Billion by 2026
SAN FRANCISCO, May 18, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Aluminum Electrolytic Capacitors - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
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Amid the COVID-19 crisis, the global market for Aluminum Electrolytic Capacitors estimated at US$6.1 Billion in the year 2020, is projected to reach a revised size of US$7.1 Billion by 2026, growing at a CAGR of 2.5% over the analysis period. Non-Solid, one of the segments analyzed in the report, is projected to record 2.4% CAGR and reach US$5.9 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Solid segment is readjusted to a revised 2.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $311.5 Million in 2021, While China is Forecast to Reach $4.8 Billion by 2026
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SOURCE Global Industry Analysts, Inc.