PUBLISHER: SkyQuest | PRODUCT CODE: 1244354
PUBLISHER: SkyQuest | PRODUCT CODE: 1244354
Film Capacitor Market was valued at USD 1.9 billion in 2021, and it is expected to reach a value of USD 2.23 billion by 2028, at a CAGR of more than 2.3% over the forecast period (2022-2028).
An electrical capacitor known as a "film capacitor" has a thin plastic film acting as its dielectric. These capacitors are used in a wide range of sectors, including consumer electronics, automotive, telecommunications, and manufacturing. Film capacitors have low self-inductance, a long lifespan, and low equivalent series resistance (ESR). Following the manufacture of the film, capacitors can either be metallized or left untreated, depending on the desired characteristics of the capacitor The market for film capacitors is expanding as a result of the use of nanolayer film capacitors, high temperature film capacitor demand, and the demand for film capacitors in consumer electronics components. However, the increased adherence to industrial and environmental requirements as well as the restricted pricing margins are impeding the industry's growth. Technology improvements and the expanding use of film capacitors in electric vehicle systems also present tremendous market growth potential.
Film capacitors are quite common in a wide range of industries thanks to their benefits, which include low self-inductance, stability, low self-inductance, and low cost. Following the creation of the films, these capacitors can either be metallized or left untreated, depending on the properties that are desired. The demand for various consumer electronics, including as smartphones, laptops, electric vehicles, and IOT devices, as well as the need in many other end-use sectors, is expected to rise, which would drive the demand for polyester film capacitors.
Top-down and bottom-up approaches were used to estimate and validate the size of Asia Pacific Film Capacitor Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Segments covered in this report
Film Capacitor Market is segmented based on the product, type, Industry Verticals, and region. Based on the product, the Film Capacitor Market is segmented into AC, DC. Based on the type, the market has been segmented into Paper Film Capacitor, Plastic Film Capacitor. Based on the Industry Verticals, the market has been segmented into Automotive, Power and Utilities, Consumer and electronics, Telecommunication, Others. Based on Region it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Driver
For many mining and drilling applications across industries, equipment with a high-temperature capacity is necessary so that it can operate more effectively and withstand repeated use. In addition, a lot of the electrical equipment utilised in the aerospace and avionics sectors, like high-performance power conditioning devices and power correction systems, requires capacitors that can resist high temperatures. High temperatures can also harm discrete capacitors, such as tantalum and electrolytic capacitors. Film capacitors can also self-heal, which will help any electrical system avoid circuit damage and enable continuous operation.
Restraint
Nonetheless, it is predicted that the high costs of end-user goods like EVs and HEVs will restrain market growth. Also, it is believed that severe regulations may hinder the thin film capacitor industry during the anticipated era. These laws force many businesses to charge a premium for their products, which hampers the expansion of the market.
Market Trends
For the foreseeable future, increased use of film capacitors in mechanical elevations and electronic transportation systems will offer market participants profitable opportunities. There will be more demand for and growth in the market for capacitors during the forecast period as there will be more different types of electric gadgets that require different types and varied forms of capacitors.