From 2013 to 2023, Denmark's fixed electrical capacitor market, specifically for tantalum or aluminum electrolytic types, demonstrated fluctuating growth. The market value increased from 13.439 million euros in 2013 to 23.825 million euros in 2023. Despite temporary setbacks between 2013 and 2015, the market experienced a significant uptrend, notably between 2016 and 2018. The year-on-year increase slowed to 1.78% by 2023. The compound annual growth rate (CAGR) for the past five years was moderate at 1.44%, indicating consistent but slowing growth.
Future trends to watch for include:
- Technological advancements impacting capacitor efficiency.
- Increased demand from renewable energy and electronics sectors.
- Global supply chain shifts influencing raw material availability.
- Regulatory impacts and sustainability goals boosting eco-friendly product innovations.