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The global capacitors and resistors wholesale market is set to reach US$ 48.08 BN by 2032, at a 6.1% CAGR between years 2023-2032. The supply and demand trends of the capacitors and resistors wholesale market show a very complicated picture due to various factors that have this or that impact on the said market. The circuits within electronic devices are comprised of capacitors and resistors as the basic components that they cannot do without. From linear consumer electronics to complex industrial equipment, these fundamental components form part of numerous electronic systems. However, one can point out that the main factors dictating this market are a continuous global demand for electronic products. As technologies progresses and new functions applied, emphasis on demand of capacitors or resistors with specific characteristics; high capacitances, higher voltage ratings, or values of resistance are observed prevalent in market driving growth. The development in the field of technology has also hugely influenced market structure of capacitors and resistors. Ever increasing innovation trends, coupled with vast demand for quality in electronic devices not only lead better capacitors and resistors to be produced but also create the need of doing it. For example, developments in electric vehicles, renewable energy system and smart devices lead to a requirement of components such as capacitors and resistors for being able to match the demanding of such performance requirements.
The technology impact never ends, but only evolves perpetually which impacts the market dynamics as wholesalers strive to give manufacturers the latest components. The capacitors and resistors wholesale market is largely associated with global economic factors which have an integral part in shaping it. Other factors such as the economic conditions, exchange rates, and trade policies among other aspects related to manufacturing costs, pricing strategies as well the overall demand in the market. The changes in the currency rates, geopolitics situation and economic crisis can result in a market shift that will affect the profitability of such wholesalers lying in this industry. The competitive scene in the capacitors and resistors wholesale market is competitive. A lot of competitors battle for market share, fighting each other with a wide array of different products, pricing benefits, and reliable delivery services. In order to remain competitive in the market, wholesalers are likely to offer unique features such as partnerships with key manufacturers, quality products and prompt customer service. Being technologically savvy and being able to make essential adaptations for the current needs of the industry has become a crucial determiner of success in this incredibly competitive market. Governmental regulations and standards in addition to determine the trends of capacitors market dynamics and resistors. Wholesalers must also comply with safety standards, environmental regulations, and quality certifications as they connect their role because they need to ensure that the components provided are in good order and safe. This is especially because adhering to these rules ensures that the market accepts their products and, in most cases, it also goes a long way towards enhancing reputation of wholesalers.
Capacitors Resistors Wholesale Market Highlights:
Global Capacitors and Resistors Wholesale Market Overview:
Capacitors and Resistors Wholesale Market Size was valued at USD 26.7 Billion in 2022. The Capacitors and Resistors Wholesale Market industry is projected to grow USD 48.08 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.1% during the forecast period (2023 – 2032. The consumer electronics sector includes products like smartphones, tablets, laptops, televisions, and other gadgets, which rely heavily on capacitors and resistors in their electronic circuits. The rapid growth of the consumer electronics industry, coupled with increasing demand for electronic devices is expected to be a significant market driver for the Capacitors and Resistors Wholesale Market.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Capacitors and Resistors Wholesale Market Trends
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Increasing prevalence of electronic devices and the rising automotive sector are driving the market growth
Market CAGR for Capacitors and Resistors Wholesale is being driven by the increasing prevalence of electronic devices and the rising automotive sector. The market is being significantly propelled by the increasing prevalence of electronic devices in our daily lives. Notably, India is poised to achieve the status of a $1 trillion digital economy by FY26. According to Invest India, the current value of the electronics market in India stands at a substantial $155 billion, with domestic production accounting for a significant 65% of this figure. Within the realm of domestic electronics production, a breakdown based on FY22 data reveals its segmentation, with major contributions coming from mobile phones (43%), IT hardware (5%), consumer electronics (12%), strategic electronics (5%), industrial electronics (12%), wearables and hearables (0.3%), PCBA (0.7%), auto electronics (8%), LED lighting (3%), and electronic components (11%). Whether it's smartphones, laptops, smart home appliances, or wearable technology, electronic devices have become an indispensable part of modern living. Regardless of the diversity in these devices, they all share a common reliance on electronic components like capacitors and resistors to ensure their effective functioning.
Concurrently, the automotive sector is undergoing a profound digital transformation with the integration of advanced electronic systems. Modern vehicles now incorporate sophisticated infotainment systems, state-of-the-art safety technologies, and electric powertrains. The seamless operation of these systems hinges on the crucial roles that capacitors and resistors play. These components are responsible for various functions, including power regulation, signal filtering, and support for battery management, particularly in electric vehicles. Remarkably, the electric car market has witnessed extraordinary growth, with sales of electric vehicles (EVs), encompassing battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs), exceeding 10 million units in the past year. This represents a substantial 55% increase relative to the previous year. What's even more striking is the rate of this growth, as it took just five years, spanning from 2017 to 2022, to surge from around 1 million to more than 10 million EV sales. This rapid expansion underscores the exponential nature of the growth in electric vehicle sales. The automotive industry is moving toward a future dominated by advanced electronic systems, particularly in the realm of electric vehicles, accentuating the critical role played by electronic components like capacitors and resistors in powering modern technology.
As a result, it is anticipated that throughout the projection period, demand for the Capacitors and Resistors Wholesale Market will increase due to the increasing prevalence of electronic devices and the rising automotive sector. Thus, driving the Capacitors and Resistors Wholesale Market revenue.
Capacitors and Resistors Wholesale Market Segment Insights:
Capacitors and Resistors Wholesale Market Type Insights
The Capacitors and Resistors Wholesale Market segmentation, based on Type includes Capacitors and Resistors. The capacitors segment dominated the market, accounting for XX% of market revenue (XX Billion). Capacitors play a crucial role in industrial automation and robotics. These technologies are becoming more prevalent in manufacturing and other industries due to their efficiency and precision. As these sectors expand, so does the need for capacitors to support various applications like motor control, power supply stabilization, and data processing.
Figure 1: Capacitors and Resistors Wholesale Market, by Type, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Capacitors and Resistors Wholesale Market Application Insights
The Capacitors and Resistors Wholesale Market segmentation, based on Application includes Consumer Electronics, Data Processing, Telecommunication, Military and Aerospace, Automotive, Industrial, and Healthcare. The consumer electronics segment dominated the market, accounting for XX% of market revenue (XX Billion). The rapid pace of technological innovation in the consumer electronics industry drives the need for advanced and high-performance capacitors and resistors. As devices become more powerful, energy-efficient, and compact, there is a growing demand for miniaturized components that can handle higher frequencies and deliver greater reliability.
Capacitors and Resistors Wholesale Market Regional Insights
By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The anticipated expansion of the Capacitors and Resistors Wholesale market in North America can be attributed to several key factors. The rapid expansion of telecommunications networks, particularly the rollout of 5G infrastructure, is fueling the demand for electronic components. In 2021, the United States exhibited a robust smartphone adoption rate of 83%, a figure projected to reach 85% by 2025. The subscriber penetration for the fiscal year 2021 was 85%, highlighting the nation's strong connectivity. Furthermore, the United States leads the way in 5G adoption, with an anticipated 68% adoption rate by the end of 2025. Capacitors and resistors play a pivotal role in supporting network equipment, base stations, and data centers. The ongoing development and enhancement of these crucial networks necessitate a consistent supply of these essential components.
Further, the major countries studied in the market report are the US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: Capacitors and Resistors Wholesale Market SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe's Capacitors and Resistors Wholesale Market accounts for the second-largest market share as Europe is undergoing a remarkable transition towards electric and hybrid vehicles, with substantial advancements in electric car and van adoption. In 2022, a noteworthy 21.6% of new car registrations in the EU were for electric vehicles, resulting in nearly two million electric car registrations, a significant increase from 1.74 million in 2021. The trend extends to electric vans, with a 5.5% share of new registrations in 2022, reflecting the sale of approximately 56,500 electric vans in the EU-27. This profound shift in the automotive industry is being driven by the growing popularity of electric vehicles and their environmental benefits. These modern automotive technologies rely extensively on advanced electronic systems and components, particularly capacitors and resistors. As the automotive sector evolves to meet the demand for electric and hybrid vehicles, the wholesale market for these essential electronic components experiences substantial growth. The role of capacitors and resistors in supporting these cutting-edge automotive technologies is crucial to their continued success in the European market. Further, the German Capacitors and Resistors Wholesale Market held the largest market share, and the UK Capacitors and Resistors Wholesale Market was the fastest-growing market in the European region
The Asia-Pacific Capacitors and Resistors Wholesale Market is expected to grow at the fastest CAGR from 2023 to 2032. Asia-Pacific is a prominent player in the electric vehicle (EV) market, witnessing remarkable growth. China, in particular, recorded an impressive surge in EV sales, with manufacturers selling 3.3 million units in 2021, marking substantial increases compared to the previous years. Similarly, India has been rapidly catching up in the electric vehicle sales arena, reporting a 168 percent increase in EV sales in 2021. Passenger EV sales in India tripled during the same year, reaching 14,800 units, and the growth trajectory continues. As the demand for electric and hybrid vehicles continues to escalate, the automotive industry increasingly relies on sophisticated electronic systems, spurring the demand for crucial components like capacitors and resistors. These components play pivotal roles in various automotive applications, including EV powertrains and charging systems, supporting the industry's transition towards greener and more sustainable transportation solutions. Moreover, China’s Capacitors and Resistors Wholesale Market held the largest market share, and the Indian Capacitors and Resistors Wholesale Market was the fastest-growing market in the Asia-Pacific region.
Capacitors and Resistors Wholesale Market Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development to expand their product lines, which will help the Capacitors and Resistors Wholesale market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Capacitors and Resistors Wholesale industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Capacitors and Resistors Wholesale industry to benefit clients and increase the market sector. In recent years, the Capacitors and Resistors Wholesale industry has offered some of the most significant advantages to the electronics and automotive sectors, driving innovation and technological progress. Major players in the Capacitors and Resistors Wholesale Market, including Ohmite, Fujikura, Ioxus, General Capacitor, Rohm, Arcol, JM Energy Corporation, and Panasonic are attempting to increase market demand by investing in research and development operations.
Panasonic is a company engaged in the development, production, sale, and servicing of a wide array of electric and electronic products. Their extensive product range encompasses items such as room air-conditioners, televisions, digital cameras, home audio equipment, and more. Additionally, they provide electronic components, PCs, batteries, and electronic materials. Panasonic delivers solutions across various sectors, including consumer electronics, logistics, automotive, aviation, and manufacturing. They manage facilities and research and development centers worldwide. In a noteworthy development, Panasonic Corporation's Industry Company introduced the KX series of SP-Cap® conductive polymer aluminum electrolytic capacitors in February 2022, renowned for their exceptional durability, offering up to 5,500 hours of endurance at 125°C. These capacitors are particularly well-suited for power circuits in applications like servers and communication base stations, especially those requiring robust components for high-speed communications.
General Capacitor is an innovative clean-tech startup, established in 2011 and based in Tallahassee, Florida. The company specializes in the design and manufacturing of lithium-ion supercapacitors, with a particular focus on advancing energy storage technology. GC has brought to market a groundbreaking lithium-ion capacitor (LIC), originating from the inventive work of engineers at Florida State University (FSU), where it was conceived and patented. This cutting-edge LIC technology is now being licensed for commercial production. The LICs are specifically aimed at addressing the rapidly expanding markets in portable consumer electronics, renewable energy solutions, and electric vehicles (EVs). The core mission of GC is to lead the way in innovating lithium-ion capacitor technology, offering solutions that enhance the efficiency of contemporary electrical systems while contributing to global sustainable development efforts.
Key companies in the Capacitors and Resistors Wholesale Market include
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Ohmite
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Fujikura
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Ioxus
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General Capacitor
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Rohm
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Arcol
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JM Energy Corporation
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Panasonic
Capacitors and Resistors Wholesale Industry Developments
April 2023: Kyocera Corporation's Electronic Components Division unveiled an innovative capacitor (MLCC) in EIA 0201 size, boasting a remarkable 10 microfarads of capacitance. This achievement is hailed as the industry's highest capacitance for MLCCs within the 0201 case size category.
May 2021: VINATech Co., Ltd. introduced a cutting-edge series of 3.8V lithium-ion capacitors. These capacitors are characterized by their broad operational temperature range, high voltage capacity, minimal self-discharge, and substantial capacitance.
Capacitors and Resistors Wholesale Market Segmentation:
Capacitors and Resistors Wholesale Market Type Outlook
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Capacitors
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Resistors
Capacitors and Resistors Wholesale Market Application Outlook
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Consumer Electronics
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Data Processing
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Telecommunication
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Military and Aerospace
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Automotive
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Industrial
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Healthcare
Capacitors and Resistors Wholesale Market Regional Outlook
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North America
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US
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Canada
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Europe
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Germany
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France
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UK
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Italy
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Spain
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Rest of Europe
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Asia-Pacific
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China
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Japan
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India
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Australia
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South Korea
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Australia
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Rest of Asia-Pacific
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Rest of the World
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Middle East
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Africa
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Latin America
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