Global 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 2023
The global film capacitor market is growing at a rapid pace. The market growth is driven by the increasing usages of film capacitors for various applications across the end-user industries. Besides, the extensive uptake of these capacitors in energy, consumer electronics, and automotive industries worldwide drives the growth of the market. Moreover, spurring rise in the military, commercial, industrial, and other sectors escalate market growth.
According to Market Research Future (MRFR), the global film capacitor market is poised to create a value of approximately USD 2 BN by 2023, growing at 2% CAGR during the review period (2017–2023). Increasing space-saving film capacitors in portable electronic medical devices is a major driving force behind the market growth. The increasing demand for low-energy conservation and high-performance supercapacitors from the automotive sector boosts market growth.
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Additionally, next-generation applications of film capacitors, such as machine learning, artificial intelligence, robotics, and quantum computing, influence the growth of the market. Furthermore, the increasing demand for additional capabilities and high implementation of supercapacitors solutions across various sectors bolster the growth in the market. Conversely, high investments required for technological innovations and product launches are significant challenges projected to impede the market growth.
Global Film Capacitor Market – Segmentation
The report is segmented into four dynamics;
By Type : AC Film Capacitors, DC Film Capacitors, Power Film Capacitors, and others.
By Application: Electronic Circuits, Radio Frequency Interference Suppression Film Capacitors, Lighting Ballasts, Damping Capacitors, Power Film Capacitors, and others.
By End-Users: Automotive, Consumer Electronics, Power & Utilities, Government & Defense, and others.
By Regions : Asia Pacific, Americas, Europe, and the Rest-of-the-World.
Global Film Capacitor Market – Regional Analysis
North America dominates the global film capacitor market. The region demonstrates a huge potential film capacitors growth, particularly from the automotive and consumer electronics industry verticals. The leading market share attributes to the massive demand from the automotive, defense, industries, and other sectors. Moreover, large development and adoption of innovative technologies substantiate the film capacitor market size.
Also, the strong presence of notable industry players supports market progress, bringing about a number of film capacitor types developed with advanced technologies. Furthermore, increasing R&D investments and strict regulations pertaining to environment-friendly technologies drive the growth of the regional market. The US and Canada, backed by the presence of major automotive and electronics manufacturers, account for major shares in the regional market.
Europe stands second in the global film capacitor market. The market growth is driven by the burgeoning automotive and electronics industries in the region. Additionally, the colossal uptake of film capacitors across the end-user industries in the region boosts the growth of the market. The UK and Germany account for a substantial film capacitor market share in the region. The European film capacitor market is expected to witness rapid growth in the forthcoming period.
The Asia Pacific region holds a considerable share in the global film capacitor market. Factors such as the presence of many film capacitor manufacturers and the increasing growth in the consumer electronics & automotive industries substantiate the regional market growth. Furthermore, raw material advantage and the availability of potent technologies at a much affordable cost help the regional market create a substantial revenue pocket.
China, Japan, South Korea, and India are predominantly driving the growth in the regional market due to the large numbers of electronic devices manufacturing companies in these countries. The APAC film capacitor market is projected to grow at a considerable CAGR throughout the review period.
Global Film Capacitor Market – Competitive Analysis
Highly competitive, the film capacitor market appears fragmented due to the presence of several well-established players. Manufacturers strive to develop low-cost, compact systems, emphasizing improved hardware. To gain a larger competitive share, industry players adopt strategies such as mergers & acquisitions, collaboration, innovation, and brand reinforcement.
These players make substantial R&D investments to deliver reliable, leading-edge products and services. Film capacitor manufacturers are focused on enhancing their product portfolios with the latest technologies. They follow organic and inorganic growth approaches to commercialize and increase sales of their products. The market competition would intensify further due to new product launches and the new entrants in the market.
Players leading the film capacitor market include TDK Corporation (Japan), Mitsubishi Shindoh Co., Ltd. (Japan), AVX Corporation (US), Custom Electronics, Inc. (US), Electro Technik Industries, Inc. (US), Aerovox Corporation (US), KEMET Corporation (US), Cornell Dubilier Electronics Inc. (US), Nichicon Corporation (Japan), Xiamen Faratronic Co. Ltd. (China), and Panasonic Corporation (Japan), among others.
Industry/ Innovation/ Related News
September 29, 2020 —- KEMET Corporation (the US), a leading manufacturer of capacitors and supercapacitors, introduced a space-saving film capacitor for automotive, industrial, consumer, and energy applications. R52, an X2 EMI Suppression series, is a first-to-market solution that offers high capacitance, extended stability in harsh environments, more board space, and lower costs for engineers.
KEMET manufactures various types of capacitors, including tantalum, aluminum, multilayer ceramic, film, paper, polymer electrolytic, and supercapacitors. The new R52 series of compact polypropylene film X2 EMI (electromagnetic interference) suppression capacitors fulfills the growing need for applications that require a smaller, high-capacitance X2 class solution for suppressing EMI.
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