Film Capacitor Market

Film Capacitor Market Size, Share, Growth Analysis, By product(AC & DC), By Type(Paper Film Capacitor, Plastic Film Capacitor), By Industry Verticals(Automotive, Power, Utilities, Consumer), By Region(North America, Europe, Asia-Pacific, Latin America) - Industry Forecast 2024-2031

Report ID: SQMIG45L2010 | Region: Global | Published Date: July, 2001
Pages: 157 | Tables: 120 | Figures: 77

Film Capacitor Market Dynamics

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.

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Film Capacitor Market size was valued at USD 3.21 billion in 2019 and is poised to grow from USD 3.31 billion in 2023 to USD 4.36 billion by 2031, growing at a CAGR of 3.1% in the forecast period (2024-2031).

Film Capacitor Market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'TDK Corporation', 'AVX Corporation', 'Panasonic Corporation', 'Vishay Intertechnology, Inc.', 'KEMET Corporation', 'WIMA GmbH & Co. KG', 'Cornell Dubilier Electronics, Inc.', 'EPCOS AG', 'Nichicon Corporation', 'Hitachi AIC Inc.', 'Aerovox Corp.', 'STMicroelectronics NV', 'Illinois Capacitor Inc.', 'Rubycon Corporation', 'Taiyo Yuden Co., Ltd.', 'Murata Manufacturing Co., Ltd.', 'American Technical Ceramics Corp.', 'LCR Electronics, Inc.', 'Elna Co., Ltd.', 'Cornell-Dubilier Electronics (CDE)'

Rise in demand for high temperature film capacitors.

Increased use of film capacitors in electronic transportation systems and mechanical elevations provide market participants with lucrative chances during the foreseeable period. An increased number of various types of electric devices are required different types and different shapes of capacitors which are increased demand and increased market growth in the forecast period.

North America dominated the film capacitor market with a higher market share in 2021. The demand for film capacitors in this region is being driven up by the surge in demand for electric, hybrid, and plug-in hybrid vehicles. Huge industrial development and major player available in North America has increased the demand for film capacitors and they provide capacitors at an affordable price thus, boosting its demand in this region.

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Film Capacitor Market

Product ID: SQMIG45L2010