Based on relevant data and industry trends in the first quarter of 2025, the following is a sales analysis

 of surface mount aluminum electrolytic capacitors:

1、 Overall market performance

Sales scale and growth

In the first quarter of 2025, the sales of surface mount aluminum electrolytic capacitors are mainly

 driven by the fields of new energy vehicles, 5G communication, and industrial automation. According 

to industry forecasts, the annual demand is expected to reach 1.5 billion units, with the first quarter 

accounting for approximately 25% -30% (i.e. 375-450 million units).

Compared with the same period in 2024, the sales growth rate is about 12% -15%, mainly due to the

 increase in the penetration rate of new energy vehicles (such as the increase in orders from car 

companies such as BYD and Xiaopeng) and the acceleration of 5G base station construction.

Regional sales structure

Domestic market: accounting for 65% -70% of total sales, Jiangsu, Guangdong, and Fujian are thecore

 regions for production and consumption, with Guangdong accounting for over 40% of sales due to 

the concentration of industrial chains (such as Pingshang Technology, Jianghai Shares, etc.).

Export markets: Southeast Asia (Indonesia, Vietnam) and India are the main destinations, but exports

 to Indonesia plummeted by 99.96% year-on-year in January 2025, possibly due to local inventory 

adjustments and policy restrictions.

2、 Segmented field requirements

New energy vehicles

The demand for surface mount aluminum electrolytic capacitors in new energy vehicles has increased

 to 35% -40%, with an average of 150-200 capacitors used per new energy vehicle, mainly used for 

OBC (on-board charger) and BMS (battery management system).

The penetration rate of high-voltage capacitors (such as the 5600V series) from companies such as

 Pingshang Technology and Jianghai Co., Ltd. in the automotive supply chain exceeds 18%, driving 

sales growth.

5G Communication and Consumer Electronics

The construction of 5G base stations drives the demand for surface mount capacitors, with a single 

base station usage of about 300-500 units. In the first quarter, the sales volume of base station 

supporting capacitors was about 120-150 million units.

The demand for consumer electronics (smartphones, wearable devices) remains stable, accounting

 for 20% -25%, but the growth rate has slowed down to 5% -8%.

Industrial Automation and Photovoltaic Energy Storage

The demand for industrial control equipment is growing rapidly (with a growth rate of 10% -12%), and

 the use of surface mount capacitors in servo drives and PLC modules is increasing.

Photovoltaic inverters have a strong demand for long-life capacitors, with solid-state capacitors

 (with a lifespan of ≥ 150000 hours) accounting for 30% of sales. The main suppliers are Aihua Group

 and Lelong Electronics.

3、 Competitive landscape and price trends

Performance of top enterprises

Jianghai Corporation: With a market share of approximately 25% and an expected sales volume of 

over 100 million units in the first quarter, it focuses on the high-end automotive and industrial 

markets.

Aihua Group: Seizing the mid-range market through low-cost strategies, sales of surface mount 

capacitors increased by 18% year-on-year, with an average price maintained at 16-18 yuan per unit.

Japanese brands are shrinking: companies such as Nichicon and Guimikong are gradually withdrawing 

from the mid to low end market, with import volume decreasing by 45.8% year-on-year (such as a

 46.4% decrease in imports of Japanese made capacitors).

Price fluctuations and cost pressures

The price increase of raw materials (aluminum foil, electrolyte) has led to an 8% -10% increase in 

production costs, but the company maintains a gross profit margin of 25% -28% through process 

optimization (such as nanoetching technology).

The price competition for low-end products (≤ 160V) is fierce, with the average price dropping to

 1.5-2 yuan per unit; High end products (≥ 450V) have a significant premium, with an average price 

of 30-50 yuan per unit.

4、 Challenges and Future Prospects

Short-term risk

Fluctuations in the export market, such as policy changes in Indonesia, may affect sales in the second 

quarter.

The fluctuation of raw material prices (such as the rise in aluminum prices) has intensified the squeeze

 on profits for small and medium-sized enterprises.

long-term trend 

Technological upgrade: Solid state capacitors and high-frequency low ESR products 

(such as ESR ≤ 0.03 Ω) will become the main growth drivers, and it is expected that the proportion of

 high-end product sales will increase to 45% by 2025.

Acceleration of domestic substitution: Domestic enterprises are replacing Japanese brands in the

 automotive and industrial markets, with the goal of surpassing 10% global market share by 2030

summarize

In the first quarter of 2025, the sales of surface mount aluminum electrolytic capacitors showed 

structural growth, with new energy vehicles and 5G communication as the core driving forces, while 

export fluctuations and cost pressures need to be vigilant. Top enterprises consolidate their 

advantages through technological upgrades, and the industry concentration continues to increase, 

with a clear trend towards high-end and localization in the future.

About Us

Guangdong Fulong Electronic Technology Co., Ltd. is a private high-tech enterprise specializing in the research and development, manufacturing, and sales of aluminum electrolytic capacitors, certified by IATF16949，ISO9001, ISO14001, and ISO45001. The company has a building area of 17000 square meters and more than 50 automated production lines; The total investment is 50 million yuan (RMB), with more than 100 employees, including more than 20 engineering and technical, quality management, and production management personnel. The annual production of capacitors (4 * 5.4~16 * 21.5) is about 400 million pieces; Our products are mainly sold to domestic and international markets, and we strive to promote our company's products globally.

Jiangxi Fulong Electronic Technology Co., Ltd. is a wholly-owned subsidiary of Guangdong Fulong Electronic Technology Co., Ltd. established in Hukou County, Jiangxi Province with a total investment of 500 million yuan. It has 50 fully automated production lines and an annual output of approximately 1.2 billion capacitors (4 * 5.4~16 * 21.5).

Fulong Group has an international professional core technology research and development team for aluminum electrolytic capacitors and a global sales network. Rich experience in the design, research and development, and production management of aluminum electrolytic capacitors. The R&D team follows the technical design theory of aluminum electrolytic capacitors, complies with international and domestic legal and regulatory requirements (RoHs), and adheres to the highest international quality standards

Fulong Group has high-quality and stable raw material supply partners, and key raw materials (such as aluminum foil, electrolytic paper, etc.) are selected from well-known Japanese and Korean companies (KJCC KDKNKK, etc.), ensuring reliable and stable advantages in product quality, environmental protection, safety, and energy conservation.

Fulong Group has a group of highly qualified professional technicians and management personnel who can produce various series of sheet aluminum electrolysis products according to customer requirements. The products include high-frequency low impedance, low leakage, wide temperature, extremely low impedance, non-polar, ultra long life, medium high voltage long life, high reliability and other new types of special requirements for surface mount products; At the same time, the company's products can withstand a soldering temperature of 260 ℃, meeting the lead-free reflow soldering technology required for SMT in the whole machine factory. All technical indicators of the products have reached or exceeded the international level of similar products.

While strengthening management and expanding operational scale, Fulong Group is also committed to improving its competitiveness and customer satisfaction, continuously and steadily increasing customer and social trust, continuously meeting market demand, further optimizing environmental management and expanding social contributions, and developing together with the electronics industry.

Guangdong Follon Electronic Technology Co., Ltd.

Jiangxi Follon Electronic Technology Co., Ltd.

Address: Building 3, South District, Haishan Science and Technology Park, Hukou County, Jiujiang City, Jiangxi Province

www.follon.com

Professional manufacturer of high-quality surface mount electrolytic capacitors