Overview of the Market for Capacitor, Resistor, Coil, Transformer, And Other Inductor in the USA

In 2019, the U.S. market for capacitors, resistors, coils, transformers, and other inductors increased by % to $, rising for the third year in a row after two years of decline. The market value increased at an average annual rate of +% over the period from 2013 to 2019; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2014 with an increase of % against the previous year. Over the period under review, the market hit record highs in 2019 and is likely to see steady growth in years to come.

In value terms, production of capacitors, resistors, coils, transformers, and other inductors amounted to $ in 2019. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of % against the previous year. Production peaked in 2019 and is likely to continue growth in years to come.

In 2019, after three years of growth, there was significant decline in consumption of capacitors, resistors, coils, transformers, and other inductors, when its volume decreased by -% to units. Overall, consumption, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the consumption volume increased by % against the previous year. As a result, consumption reached the peak volume of units, and then contracted in the following year.

The size of the market for capacitors, resistors, coils, transformers, and other inductors in the U.S. expanded notably to $ in 2019, increasing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% over the period from 2013 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of % year-to-year. Consumption peaked in 2019 and is expected to retain growth in the near future.

Driven by increasing demand for capacitor, resistor, coil, transformer, and other inductor in the U.S., the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +% for the period from 2019 to , which is projected to bring the market volume to units by the end of .

Capacitor, resistor, coil, transformer, and other inductor market in the U.S. consists almost entirely of imported products.

The U.S. remains a net importer of capacitor, resistor, coil, transformer, and other inductor; in physical and value terms, imports consistently exceeded exports from 2013 to 2019. In 2019, there was a significant trade deficit of units, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.