Film Capacitor Market Trends

Film Capacitor Market Driver

• Rise in demand for high temperature film capacitors.

Equipment with a high-temperature capacity is required for many mining and drilling applications across industries in order for it to perform better and endure prolonged use. Additionally, many electrical devices used in the aerospace and avionics industries, such as high-performance power conditioning equipment and power correction systems, call for capacitors that can withstand high temperatures. Discrete capacitors can also suffer damage from high temperatures, including tantalum and electrolytic capacitors. Additionally, film capacitors have the potential to self-heal, which will aid any electrical system in preventing circuit damage and enabling ongoing functioning.

Film Capacitor Market Restraint

• High cost and regulations

On the other hand, it is anticipated that high costs related to end-user products like EVs and HEVs will limit market expansion. Additionally, strict regulations are anticipated to pose a barrier to the thin film capacitor business during the projected timeframe. Due to these regulations, many companies are providing Products at a high cost, and such type of obstacles hinders the market growth.