USD 5.29 billion
Aluminum Electrolytic Capacitors Market Size, Share, Growth Analysis, By Type(Solid aluminum electrolytic capacitors and non-solid aluminum electrolytic capacitors), By Voltage(High voltage and low voltage), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG20D2089 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
59
|Figures:
75
Aluminum Electrolytic Capacitors Market Insights
Aluminum Electrolytic Capacitors Market size was valued at USD 5.29 billion in 2021 and is poised to grow from USD 5.49 billion in 2022 to USD 7.34 billion by 2030, growing at a CAGR of 3.7% in the forecast period (2023-2030).
The global aluminum electrolytic capacitors market is driven by several factors, including the growing demand for electronics and electronic devices, the increasing adoption of electric and hybrid vehicles, and the rising demand for renewable energy systems. The market is also influenced by various technological advancements, industry standards, and government regulations. The increasing demand for aluminum electrolytic capacitors in various applications, such as automotive electronics, industrial automation, consumer electronics, and renewable energy systems, is driving the growth of the market. Aluminum electrolytic capacitors are widely used in these applications due to their high capacitance, high voltage rating, and low cost compared to other capacitor technologies. The automotive industry is a significant driver of the market, with the increasing adoption of electric and hybrid vehicles driving the demand for aluminum electrolytic capacitors in these applications. The growth of the renewable energy sector is also driving the demand for aluminum electrolytic capacitors, with increasing investment in solar and wind power generation systems. In addition, the market is also driven by technological advancements such as the development of organic aluminum electrolytic capacitors, which offer improved reliability, longer lifetimes, and better performance compared to traditional aluminum electrolytic capacitors. The shift towards miniaturization and high-density packaging in electronics is also driving the development of new capacitor technologies that offer higher capacitance in smaller form factors. However, the market is also facing challenges, such as increasing competition from alternative technologies such as ceramic and polymer capacitors, and the rising demand for miniaturization and high-density packaging in electronics. These challenges are leading to increasing price pressure and limiting the growth potential of the aluminum electrolytic capacitors market.
US Aluminum Electrolytic Capacitors Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2023-2030
Global Market Size
Largest Segment
Non-solid aluminum electrolytic capacitors
Fastest Growth
Non-solid aluminum electrolytic capacitors
Growth Rate
3.7% CAGR
Global Aluminum Electrolytic Capacitors Market 2022-2030 ($ Bn)
Country Share for Asia Pacific Region- 2022 (%)
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Aluminum Electrolytic Capacitors Market Segmental Analysis
Global Aluminum Electrolytic Capacitors Market is segmented on the basis of type, voltage and region. By type, the market is segmented into solid aluminum electrolytic capacitors and non-solid aluminum electrolytic capacitors. By voltage, the market is segmented into high voltage and low voltage. By region, the Aluminum Electrolytic Capacitors Market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Aluminum Electrolytic Capacitors Market Analysis by Type
In terms of the largest segment, it can be observed that the non-solid aluminum electrolytic capacitor segment is larger compared to the solid aluminum electrolytic capacitor segment. Non-solid aluminum electrolytic capacitors are made using a liquid electrolyte and aluminum oxide as the dielectric material. These capacitors have a lower cost compared to solid aluminum electrolytic capacitors, but their lifespan is shorter, and they are less reliable. Non-solid aluminum electrolytic capacitors are commonly used in audio applications, power supplies, and other low-frequency applications.
Solid aluminum electrolytic capacitors are expected to witness higher growth compared to non-solid aluminum electrolytic capacitors. Solid aluminum electrolytic capacitors are made using a solid electrolyte and aluminum oxide as the dielectric material. These capacitors are highly reliable and have a longer lifespan compared to non-solid aluminum electrolytic capacitors. They are used in various applications such as automotive electronics, industrial automation, consumer electronics, and renewable energy systems.
Aluminum Electrolytic Capacitors Market Analysis by Voltage
The largest segment of the global aluminum electrolytic capacitor market is the low voltage segment. This is because low voltage aluminum electrolytic capacitors are widely used in electronic devices and circuits, including audio equipment, amplifiers, and computer motherboards. The demand for these capacitors is driven by the growing consumer electronics industry and the increasing adoption of electronic devices worldwide.
The fastest growing segment of the global aluminum electrolytic capacitor market is the high voltage segment. This is because high voltage aluminum electrolytic capacitors are increasingly being used in power electronics, power supplies, and other applications that require high voltage and high capacitance. The growing adoption of renewable energy systems and the focus on energy efficiency are also expected to drive the demand for high voltage aluminum electrolytic capacitors in the coming years.
Global Aluminum Electrolytic Capacitors Market Size By Type 2022(%)
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Aluminum Electrolytic Capacitors Market Regional Insights
The Asia Pacific region is the largest market for aluminum electrolytic capacitors, accounting for a significant share of the global market. The market growth in this region is primarily driven by the increasing demand for electronic devices and the growth of the automotive industry. China and Japan are the major contributors to the growth of the aluminum electrolytic capacitors market in the Asia Pacific region. In China, the increasing demand for electronic devices and the growth of the automotive industry are driving the growth of the market. The country is the largest producer of electronic devices, with several leading manufacturers of smartphones, laptops, and other electronic devices operating in the region. In Japan, the growth of the market is driven by the increasing adoption of renewable energy systems, such as solar and wind power. Aluminum electrolytic capacitors are widely used in renewable energy systems, including solar inverters, wind turbines, and energy storage systems. India, South Korea, and Taiwan are also significant markets for aluminum electrolytic capacitors in the Asia Pacific region. In India, the increasing adoption of electronic devices, the growth of the automotive industry and the government's push towards renewable energy are driving the growth of the market. In South Korea and Taiwan, the market growth is driven by the presence of several leading manufacturers of electronic devices, including smartphones, laptops, and tablets.
North America is a significant region in the global aluminum electrolytic capacitors market. The region's advanced electronics industry and high demand for electronic devices and equipment drive the growth of the aluminum electrolytic capacitors market in North America. In North America, the demand for aluminum electrolytic capacitors is driven by various applications, including automotive electronics, industrial automation, renewable energy systems, and consumer electronics. The region's automotive industry is a significant driver of the market, with the increasing adoption of electric and hybrid vehicles driving the demand for aluminum electrolytic capacitors in these applications. In addition, the region's renewable energy sector is also driving the growth of the aluminum electrolytic capacitors market, with increasing investment in solar and wind power generation systems. Aluminum electrolytic capacitors are used in these systems for energy storage and voltage regulation. The United States is the largest market for aluminum electrolytic capacitors in North America, with Canada and Mexico also contributing to the growth of the market. The region's strong manufacturing industry, technological advancements, and robust research and development activities are expected to continue driving the growth of the aluminum electrolytic capacitors market in North America. However, the market is also facing challenges, such as increasing competition from alternative technologies and the rising demand for miniaturization and high-density packaging in electronics. Manufacturers are focusing on developing new products and technologies to address these challenges and maintain their competitive edge in the market.
Global Aluminum Electrolytic Capacitors Market Size By Geography, 2022-2030
- Largest
- Fastest
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Aluminum Electrolytic Capacitors Market Dynamics
Aluminum Electrolytic Capacitors Market Drivers
Growing demand for electronic devices
- One significant driver of the global aluminum electrolytic capacitors market is the growing demand for electronic devices. The increasing use of electronic devices such as smartphones, tablets, laptops, and smart watches has resulted in a surge in demand for aluminum electrolytic capacitors. Aluminum electrolytic capacitors are widely used in electronic devices due to their high capacitance, low cost, and long service life. These capacitors are used in a wide range of electronic applications, including power supplies, voltage regulators, audio amplifiers, and DC-DC converters. In addition, aluminum electrolytic capacitors are also used in lighting systems, industrial control systems, and telecommunications equipment. The demand for electronic devices is expected to continue to grow in the coming years, driven by factors such as the increasing adoption of smart devices, the growing popularity of the Internet of Things (IoT), and the expansion of the digital economy. As a result, the demand for aluminum electrolytic capacitors is also expected to increase significantly in the near future. Furthermore, advancements in technology have enabled the production of aluminum electrolytic capacitors with higher capacitance, lower ESR, and longer service life. These technological advancements have resulted in the increased use of aluminum electrolytic capacitors in high-end electronic devices, which require high-performance components to meet the demands of consumers.
Aluminum Electrolytic Capacitors Market Restraints
Availability of alternative technologies
- One major restraint of the global aluminum electrolytic capacitors market is the availability of alternative technologies, such as ceramic capacitors and polymer capacitors, which offer similar or superior performance characteristics at a lower cost. Ceramic capacitors are widely used in many electronic applications due to their low cost, high capacitance, and excellent stability over a wide temperature range. Polymer capacitors, on the other hand, offer higher capacitance, lower ESR (Equivalent Series Resistance), and longer lifetimes compared to aluminum electrolytic capacitors. The availability of these alternative technologies has made it difficult for aluminum electrolytic capacitor manufacturers to compete on price and performance, especially in high-volume, cost-sensitive markets. As a result, the aluminum electrolytic capacitors market is facing increasing price pressure, which is impacting the profitability of manufacturers. In addition, the growing demand for miniaturization and high-density packaging in electronics has also put pressure on aluminum electrolytic capacitors, as their larger size and higher profile can limit their use in space-constrained applications. This has led to the development of alternative capacitor technologies that offer higher capacitance in smaller form factors, further challenging the position of aluminum electrolytic capacitors in the market.
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Aluminum Electrolytic Capacitors Market Competitive Landscape
The global aluminum electrolytic capacitors market is highly competitive, with several major players competing for market share. The market is characterized by intense competition, rapid technological advancements, and a focus on innovation and product differentiation. The key companies compete on various factors such as product quality, reliability, performance, price, distribution, and customer service. To gain a competitive edge, many of these companies invest heavily in research and development to develop new and innovative products that meet the evolving needs of the electronics industry. They also focus on expanding their production capacity and optimizing their supply chain to improve their efficiency and reduce costs. In addition to the major players, there are also several smaller players in the market that specialize in niche applications or provide customized solutions to customers. These companies typically compete on their ability to offer specialized expertise and tailored solutions that meet the specific needs of their customers. The global aluminum electrolytic capacitors market is also influenced by various factors such as government regulations, industry standards, and technological advancements. For example, the shift towards organic aluminum electrolytic capacitors and the growing demand for high-capacity capacitors are driving companies to invest in new manufacturing technologies and develop new product offerings.
Aluminum Electrolytic Capacitors Market Top Player’s Company Profiles
- Nichicon Corporation
- Panasonic Corporation
- Nippon Chemi-Con Corporation
- Rubycon Corporation
- ELNA Co. Ltd.
- KEMET Corporation
- Murata Manufacturing Co. Ltd.
- Vishay Intertechnology, Inc.
- Samwha Capacitor Group
- Hitachi Chemical Company, Ltd.
- United Chemi-Con, Inc.
- Illinois Capacitor, Inc.
- ROHM Semiconductor
- Yageo Corporation
- Taiyo Yuden Co. Ltd.
- Lelon Electronics Corp.
- Nantong Jianghai Capacitor Co., Ltd.
- Teapo Electronic Corporation
- Elnecotek Ltd.
- Shenzhen Zhenhua Huaxing Technology Co., Ltd.
Aluminum Electrolytic Capacitors Market Recent Developments
- In June 2021, Nippon Chemi-Con announced that it had developed a new type of organic aluminum electrolytic capacitor, which uses a new electrolyte that is less prone to degradation over time. This new capacitor is expected to have a longer lifespan and improved reliability, making it suitable for use in various applications, including automotive electronics.
- In March 2021, KEMET announced the launch of its new KO-CAP series of organic polymer aluminum electrolytic capacitors. The KO-CAP series is designed to offer high capacitance, low ESR, and low leakage current, making it suitable for use in high-power density applications such as data centers, telecommunications equipment, and automotive electronics.
- In February 2021, Rubycon announced that it had expanded its production capacity for aluminum electrolytic capacitors by investing in new manufacturing facilities in Malaysia and Indonesia. The company aims to meet the growing demand for aluminum electrolytic capacitors in various applications, including LED lighting, automotive electronics, and renewable energy systems.
Aluminum Electrolytic Capacitors Key Market Trends
- Increasing demand from the automotive industry: The automotive industry is a significant contributor to the global aluminum electrolytic capacitors market. Aluminum electrolytic capacitors are used in automotive electronics for their high capacitance, low equivalent series resistance (ESR), and high ripple current capabilities. One of the major reasons for the increasing demand for aluminum electrolytic capacitors in the automotive industry is the growing demand for electric and hybrid vehicles. These vehicles require a high amount of electrical power to operate, and aluminum electrolytic capacitors are a key component in the power electronics systems that control and manage the flow of electricity. These systems include DC-DC converters, inverters, and battery management systems, all of which require high-capacitance capacitors to smooth out voltage ripples and stabilize the power supply. In addition to electric and hybrid vehicles, aluminum electrolytic capacitors are also used in conventional internal combustion engine (ICE) vehicles. These capacitors are used in automotive electronics such as engine control units (ECUs), electronic stability control (ESC) systems, and infotainment systems. In these applications, aluminum electrolytic capacitors are used to filter and regulate the electrical signals that are sent to and from various components of the vehicle. Furthermore, the automotive industry is constantly evolving, with new features and technologies being added to vehicles each year. These advancements require more advanced and reliable electronic components, including aluminum electrolytic capacitors. As a result, the demand for aluminum electrolytic capacitors is expected to continue to grow in the automotive industry.
Aluminum Electrolytic Capacitors Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Aluminum Electrolytic Capacitors Market analysis, the global aluminum electrolytic capacitors market has seen steady growth over the years, driven by the increasing demand for electronic devices and the growth of the automotive industry. The adoption of renewable energy systems and the focus on energy efficiency are also expected to drive the demand for aluminum electrolytic capacitors in the coming years. Asia Pacific is the largest market for aluminum electrolytic capacitors, driven by the presence of major electronic device manufacturers and the growing automotive industry in the region. The increasing adoption of renewable energy systems in countries such as China and India is also expected to drive the demand for aluminum electrolytic capacitors in the region. The market is highly competitive, with a large number of players competing based on factors such as price, quality, and product innovation. Overall, the global market is expected to continue growing in the coming years, driven by the increasing demand for electronic devices and the growth of the automotive and renewable energy industries.
| Report Metric | Details |
|---|---|
| Market size value in 2021 | USD 5.29 billion |
| Market size value in 2030 | USD 7.34 billion |
| Growth Rate | 3.7% |
| Base year | 2023 |
| Forecast period | 2023-2030 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Aluminum Electrolytic Capacitors Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Aluminum Electrolytic Capacitors Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Aluminum Electrolytic Capacitors Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Aluminum Electrolytic Capacitors Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Aluminum Electrolytic Capacitors Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Aluminum Electrolytic Capacitors Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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