The film capacitor market is projected to grow to reach a market size of US$2.522 billion in 2023
The recent study on the film capacitor market covers an in-depth analysis of the market on the basis of voltage, type, end-user industry, and geography. The report also covers the country level analysis within the regions as well. Additionally, the report covers the key trends in the market along with drivers and restraint during the forecast period 2018-2023. According to the report titled “Film Capacitor Market – Forecast from 2018 to 2023”, the market is estimated to witness moderate growth throughout the course of the forecast period. The report has segmented the film capacitor market by voltage (low voltage, high voltage), type (paper film capacitor, plastic film capacitor), end-user industry (automotive, manufacturing, consumer electronics, communication and technology, others) and by geography such as North America (United States, Canada, Mexico, others), South America (Brazil, Argentina, others), Europe (Germany, France, United Kingdom, Spain, others), Middle East and Africa (Saudi Arabia, Israel, others), and Asia Pacific (China, Japan, South Korea, India, others). The demand for film capacitors is increasing on account of growing investment in the energy and power sector, more specifically, in the developing regions, utilizing film based capacitors in different power supplies application. Simultaneously, the anticipated improvement in the economic environment in Europe is estimated drive the manufacturing of different industrial electronics products, thus, further augmenting the demand for the film based capacitors. However, the improvement in the availability of other capacitors such as ceramic and aluminum capacitors that has the potential to handle high voltage applications is estimated to impact the growth of the market during the forecast period.
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The demand for film capacitors from the automotive industry is projected to be one of the fastest growing.
The growing content of electronics in automotive is expected to drive the demand for film capacitors in the automotive electronic sub-assemblies. Moreover, the focus on developing electric vehicles in order to reduce the reliance on non-renewable sources is further expected to push the adoption of film capacitors because of its high voltage handling capabilities.
The Asia Pacific is projected to hold a significant share in the market.
The Asia Pacific is host to a growing number of emerging economies that are investing heavily in their manufacturing capability and power sector. As a result, the significant proportion of the demand for film capacitors is estimated to originate from the region. Simultaneously, the anticipated improvement in the economic performance of Europe is expected to drive the demand for film capacitor for manufacturing high voltage application products.
Some of the major players discussed in the reports are Kemet, Nichicon Corporation, TDK Corporation, and Vishay Intertechnology, among others.
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