Market Research Future added New Report Named "Global Film Capacitor Market Research Report- Forecast 2023" to its Database.
Online PR News – 24-June-2020 – Pune – Thin films are used as a dielectric in the formulation of film capacitors. The film of the capacitor is left very thin and can be metalized or non-metalized based on its application. These capacitors are used in high frequency and high-power applications. The findings published by Market Research Future MRFR reveals that the global film capacitor market is expected to register 2% CAGR during the analysis period 2017 to 2023. The valuation of the global market, in terms of revenue, is poised to touch USD 2 Bn mark by the end of the evaluation period.
Film capacitors come mounted in a case. It protects the product from external environmental factors. Also, these capacitors facilitate the retainment of high precision values for a longer time. These factors are anticipated to drive the proliferation of the fil capacitor market in the upcoming years. These capacitors are highly preferred over other similar products as its aging process is quite slower. It is expected to lead the expansion of the fil capacitor market over the assessment period. The voltage rating of film capacitors varies from 50 V to 2 kV. It is projected to influence the growth of the market greatly over the next few years. Other factors expected to influence the expansion of the market in a positive manner are - high efficiency, long life span, comparatively lower losses, etc.
However, the film capacitor market is in the maturity phase at present. Technological developments are expected to revamp the market in the foreseeable future. The rising utilization of these capacitors in the consumer electronics industry is anticipated to open new growth avenues. The thriving industry is projected to expand the film capacitor market over the forecast period. Increasing disposable income is presumed to boost the demand for film capacitors, thus, supporting growth of the market. Whereas, the product is bulkier as compared to electrolytic capacitors. This factor can impede market growth rate in the upcoming years. In times of overload, the product is prone to catch fire easily, which is anticipated to check the expansion of the film capacitor market over the assessment period.
By type, the film capacitor market has been segmented into AC film capacitors, DC film capacitors, and Power film capacitors.
By application, the film capacitor market has been segmented into electronic circuits, radio frequency interference suppression film capacitors, lighting ballasts, damping capacitors, and power film capacitors.
By end-user, the film capacitor market has been segmented into automotive, industries, consumer electronics, power & utilities, government & defense, and others.
For a geographical analysis, the film capacitor market has been evaluated on the basis of four key regions identified in this report. These regional segments are - Asia Pacific (APAC), North America, Europe and the Rest of the World (RoW). These regions are further analyzed on the basis of countries present. Among these regional segments, North America is projected to hold a key position in the film capacitor market. Technological advancements in end-user industries are prognosticated to generate demand for the product over the next couple of years. Some of these industries are - automotive, defense, etc. Europe market is projected to exhibit rapid developments. The automotive industry in the region might catalyze the growth of the film capacitor market in the near future. Market growth in Asia Pacific is attributed to the rising demand for consumer electronics. Countries such as China, South Korea, and Japan are anticipated to contribute to proliferation of the regional film capacitor market.
Mitsubishi Shindoh Co., Ltd. (Japan), AVX Corporation (U.S.), TDK Corporation (Japan), Electro Technik Industries, Inc. (U.S.), Aerovox Corporation (U.S.), Custom Electronics, Inc. (U.S.), Panasonic Corporation (Japan), Cornell Dubilier Electronics Inc. (U.S.), Nichicon Corporation (Japan), KEMET Corporation (U.S.), and Xiamen Faratronic Co. Ltd. (China) are the major participants of the global film capacitor market.