Global Film Capacitor Market Research Report- Forecast 2027

Film Capacitor Market, By Type (AC Film Capacitors, DC Film Capacitors, Power Film Capacitors), By Application (Electronic Circuits, Radio Frequency Interference Suppression Film Capacitors, Lighting Ballasts, Damping Capacitors, Power Film Capacitors), By End Users - Forecast 2027

ID: MRFR/SEM/2834-HCR | February 2021 | Region: Global | 100 pages

Film Capacitor Market Overview 


The film capacitor market is expected to grow at USD ~2 Billion by 2023, at ~2 % of CAGR between 2017 and 2023.Film capacitor are referred to as Film caps made up of two films made up of plastic. These Plastic film capacitor are covered with metallic electrodes and are then wound into a winding in the shape of a cylinder. The effective use of the film chip capacitor includes the application of film capacitor requiring high frequency and high power, including heating.

These capacitors are brought into service in various sectors, which is attributed to their attractive characteristics. These capacitors have the edge over the other capacitors because they are manufactured with high precision. During the manufacturing, it is also sure that it retains the capacitance value for a longer time. They also exhibit longer shelf life and a low rate of failure. These are available in different forms like polyester film, polypropylene film, and polystyrene film.


COVID-19 analysis The COVID -19 era has bought physical, mental, and financial trauma to the life of almost every individual worldwide. All the businesses have been seriously affected too. This pandemic does not seem to be ending very soon, so it is not just about the loss they have incurred but also about ensuring prospects if the working stays safe.

This calls for the change in the working pattern and many more changed strategies to be implemented. All this requires expert guidance and mentorship. The reports that have been provided have all the elements they would need to overcome the pandemic period. It includes the present market scenario and the effect that COVID-19 has bought to the Market. The steps have also been discussed to make up for the losses and ensure efficient working in the future.


Market Dynamics Growth


The growth of the Polyester Film Capacitor Market is witnessing an upward trend. The film capacitor market is estimated to reach a value of 32 billion by the end of 2023, with a CAGR of 2.5%

Drivers


Various factors that work as the drivers for the growth are the increase in the demand and subsequently the adoption of EV’s and HEV’s. With the growing awareness among the governments and the population of almost all the regions globally, the focus is shifting towards eco-friendly products that include EVs and HEV’s. There are few regions where governments are providing incentives for the use of such eco-friendly vehicles. All this has led to an increase in the demand for film capacitor market.

Restraints


High costs of end-user products like EV’s and HEV’s are the major restraints in the growth of the Film Capacitor Market Size.

Regulatory implications


The effective use of film capacitors is in the automotive and the power industry. Automotive vehicles are in demand and have been supported by the governments of different regions worldwide due to the awareness about using eco-friendly products. The EVs and the HEV’s are eco-friendly and save fuel costs and save the environment from the hazardous gases that these emit and pollute the environment.


Hence, regulatory bodies and governments have passed various laws to support such vehicles, resulting in the growth of the Global Thin Film Capacitor Market. Thus, regulatory implications tend to boost the development of the need to a great extent, even if not directly but as a subsequent result of the growth in the automotive market globally.

Segmentation Overview


The significant segments of the film capacitor market:



  1. Based on type

  2. Based on the application

  3. Based on the end-users


Based on the type


Based on the type, the Polyester Film Capacitor Market has the following subtypes:



  1. DC Film capacitors

  2. AC Film capacitors

  3. Power film capacitors

  4. Others


Power film capacitors dominate the Global Thin Film Capacitor Market with the highest share in the market and the highest value of the CAGR.

Based on application


Based on application, the film capacitor market has the following subdivisions:



  1.  Radio Frequency Interference Suppression Film Capacitors

  2.  Damping Capacitors

  3. Lighting Ballasts

  4. Electronic Circuits

  5.  Power Film Capacitors

  6. Others


Power film capacitors dominate the Film Capacitor Market Share due to the increasing demand for power consumption in various parts.

Based on End-users


Based on end-users, the film capacitor market is divided into the following:



  1. Power and utilities

  2. Consumer electronics

  3. Government and defense

  4. Automotive

  5. Others


The segment that dominates the thin film capacitor market is automotive, which has gained popularity due to the environment-friendly results.

Regional Analysis


Based on the regions, the Film Capacitor Market has the following segments:



  1. Europe

  2. APAC

  3. North America

  4. Rest of the world


The region that dominates the Film Capacitor Market in North America and the growth in the area is attributed to the increased demand for automotive vehicles in the region. Europe follows the market in second place, where the market tends to generate a considerable market share. The Asia Pacific is expecting a steady and significant rise in the market share. The CAGR of the film capacitor market in the Asia Pacific region is also projected to touch a high value. The market valuation in the forecast period is also expected to have a high percentage in the global economy.

Competitive landscape


The major film capacitor manufacturers are Mitsubishi Shindoh Co., Ltd. (Japan), Xiamen Faratronic Co. Ltd. (China), TDK Corporation (Japan), Panasonic Corporation (Japan), AVX Corporation (U.S.), Nichicon Corporation (Japan), Electro Technik Industries, Inc. (U.S.), KEMET Corporation (U.S.), Custom Electronics, Inc. (U.S.), Cornell Dubilier Electronics Inc. (U.S.) and Aerovox Corporation (U.S.).


All the film capacitor manufacturers have been working rigorously towards developing the market in every aspect, including technological advancements. The primary focus lies in bringing the innovations regularly to ensure that the market stays up to date with the increasing digitalization and technological advances happening around. They have also been found engaged in mergers, collaborations, and acquisitions to promote their own companies and the Film Capacitor Market Share as a whole.

Recent Advancements


Here is a list of the most recent advancements film capacitor market are:



  • Various innovations are being made to increase the working efficiency of the film capacitors.

  • New advancements are being made in the film capacitor industry to introduce products used in multiple end-user industries to better demand and the Global Film Capacitor Market growth.

  • The major players in the film capacitor market have been working to bring down the cost of the capacitors keeping the quality intact using the machines that have been bought in the Film Capacitor Market.

  • The primary use of film capacitors has been seen in the automotive industry, requiring the vehicles to be lightweight. Hence, various steps are being taken to make the size and the weight of the product as lesser as possible.

  • Mergers and acquisitions between the major players have brought much-required growth in the thin film capacitor market.


Report Overview


The report that has been prepared exclusively for the film capacitor market includes all the significant aspects that are needed for the organizations to grow at a fast pace. The report has an overview of the market and the effect that COVID-19 has bought in the market with the steps to combat the losses and ensure efficient working for future projects. The report also has the market dynamics explained in detail, including the points like growth, drivers, and the restraints hampering the development of the market. Also, the report has the details of the regulatory implications on the market.


The segmentation of the market based on the type, application, and the end-user has also been explained, along with the geographical analysis of the market. The major players of the film capacitor market have been included in the report with the steps and strategies they have been implementing to grow the market. The list of recent advancements in the market has also been provided to the companies to stay updated with the current market trends and the innovations in the film capacitor market.


 



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Frequently Asked Questions (FAQ) :


The major players in the film capacitor are Mitsubishi Shindoh Co., Ltd. (Japan), Xiamen Faratronic Co. Ltd. (China), TDK Corporation (Japan), Panasonic Corporation (Japan), AVX Corporation (U.S.), Nichicon Corporation (Japan), Electro Technik Industries, Inc. (U.S.), KEMET Corporation (U.S.), Custom Electronics, Inc. (U.S.), Cornell Dubilier Electronics Inc. (U.S.) and Aerovox Corporation (U.S.).

The projected CAGR of the film capacitor market by the end of 2023 is 2%, and the market valuation is 2 billion.

The increased demand in the cash-rich automotive market and the electronics market has led to the region’s dominance.

Power film capacitors and utilities, automotive, consumer electronic film capacitors, and government and defense are among some of the consumers of the film capacitors.

Power film capacitors, AC film capacitors, and DC film capacitors are the types of capacitors.