Market Research Future (MRFR) reveals that the global film capacitor market can reach a valuation of USD 2 Billion by 2023. The market can also attain a CAGR of 2% from 2017 to 2023, which is the forecast period.
Top Drivers and Key Barriers
Film capacitors are known for their low equivalent series resistance along with low self-inductance, which results in low power dissipation. Moreover, they are manufactured in voltage ratings that can be as low as 50V and more than 2kV. Film capacitors offer high surge current pulses, in addition to bearing voltages within the kilovolt range. Given these factors, they mostly find use in conventional applications like filter, audio crossover, etc., acting as a voltage smoothing capacitor. Likewise, they are also in demand in high-temperature environments, high-vibration automotive environments, and high-power applications.
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Out of all the film capacitor types, the highest demand is enjoyed by power film capacitors as these find numerous applications in phase shifters, pulsed lasers, etc. Film capacitor is the most common component in electronic devices, and its demand in the market has been rising significantly owing to the rising sales of consumer electronic devices all over the world.
On the downside, film capacitors are relatively bulkier than electrolytic capacitors, which can reduce their demand in the market in the coming years. However, these restraints are not expected to impact the film capacitor market to a great extent, given the host of advantages of film capacitors, including low losses, long service life, and high efficiency.
The prominent players in the global Film Capacitor Market are – Mitsubishi Shindoh Co., Ltd. (Japan), TDK Corporation (Japan), AVX Corporation (U.S.), Electro Technik Industries, Inc. (U.S.), Custom Electronics, Inc. (U.S.), Aerovox Corporation (U.S.), Cornell Dubilier Electronics Inc. (U.S.), KEMET Corporation (U.S.), Nichicon Corporation (Japan), Panasonic Corporation (Japan), and Xiamen Faratronic Co. Ltd. (China), among others.
The global market for film capacitor market has been split into segments like type, applications, and end-users.
The types covered in the report are DC film capacitors, AC film capacitors, power film capacitors, and others.
Considering the application segment, the market caters to radio frequency interference suppression film capacitors, electronic circuits, power film capacitors damping capacitors, lighting ballasts, and others.
The end users in the film capacitors market are industries, automotive, government & defense power & utilities, consumer electronics, and others.
The study conducted for film capacitor market includes the primary regions of North America, Asia Pacific (APAC), Europe and the Rest of the World (RoW).
North America is one of the strongest contenders in the global film capacitor market, with massive demand for film capacitors stemming from various sectors like defense, automotive, industries and others. Soaring demand for electric vehicles, hybrid electric vehicles, plug-in hybrid electric vehicle also help the market gain strong traction in the region.
The Europe market for film capacitor can note significant growth in the near future, thanks to the surging adoption of power generating as well as management applications in the automotive sector. There is high adoption rate of electronics in the region, which is the result of quick technological obsolescence along with price deflation. The high per capita income in the region stimulates the consumption of electronics for recreation, which works in favor of the regional market.
APAC can achieve the fastest growth rate during the review period, with countries like Japan, South Korea and China touted to be the most profitable markets for film capacitor market. The regional market is expanding at a swift pace owing to the rising industrialization as well as the mounting demand for electricity from industries like information technology, textile and automotive. Surge in the number of initiatives by governments across China and India with the aim to elevate the electrification rate by expanding the electricity distribution infrastructure can boost the demand for film capacitor market in the region.
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- Automotive companies
- Film capacitor service vendors
- Capacitor manufacturers
- plastic capacitor manufacturers
- Solution providers
- Polypropylene film capacitor manufacturers
- Intellectual property core and licensing providers
- Technology standards organizations
- Technology investors
- Research institutes,
- System Integrators
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