Film Capacitor Market Analysis and Overview
The film capacitor market refers to the market for capacitors that use thin metal or plastic films as the dielectric material. These capacitors are widely used in various applications such as power electronics, lighting, and audio systems. The market for film capacitors is growing due to the increasing demand for energy-efficient, reliable, and compact electronic devices.
Film capacitors or film caps are electrical capacitors used in electronic equipment. They are plastic films covered with metallic electrodes encapsulated in a cylindrical winding. The global film capacitor market report by Market Research Future (MRFR) covers trends, opportunities, and restraints for the period of 2022 to 2030 (forecast period). The COVID-19 pandemic and its effects on the industry are covered in the report.
Film Capacitor Market Players
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.
Film Capacitor Market Scope
The Film Capacitor Market Size was valued at USD 3.21 Billion in 2021. The Film Capacitor market industry is projected to grow from USD 3.54 Billion in 2022 to USD 5.1 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 3.1%during the forecast period (2022 - 2030).
Film Capacitor Market Segmentation
By type, is is segmented into power film capacitors, AC film capacitors, DC film capacitors, and others.
Major applications are electronic circuits, damping capacitors, radio frequency interference suppression film capacitors, lighting ballasts, power film capacitors, and others.
The end users are segmented into government & defense, automotive, industries, consumer electronics, power & utilities, and others.
Film Capacitor Market Regional Analysis
North America is one of the leading regions globally in terms of market share in the global film capacitor market as it has huge demand in many sectors including automotive, defense, industries and others. The film capacitor market in Europe region is expected to witness rapid growth in the forthcoming period. Whereas, Asia Pacific countries like China, Japan and South Korea is an emerging market for film capacitor market and expected to be the highest CAGR in the coming years.
Film Capacitor Market Competitive Outlook
Aerovox Corporation, Panasonic Corporation, TDK Corporation, Mitsubishi Shindoh Co., Ltd., Custom Electronics, Inc., AVX Corporation, KEMET Corporation, Nichicon Corporation, Electro Technik Industries, Inc., Cornell Dubilier Electronics Inc., and Xiamen Faratronic Co. Ltd. are key players of the global film capacitor market.
Film Capacitor Industry News:
- 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.
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.
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