USD 3.21 billion
Report ID:
SQMIG45L2010 |
Region:
Global |
Published Date: October, 2024
Pages:
157
|Tables:
120
|Figures:
77
Global Film Capacitor Market size was valued at USD 2.5 billion in 2022 and is poised to grow from USD 2.59 billion in 2023 to USD 3.41 billion by 2031, growing at a CAGR of 3.50% during the forecast period (2024-2031).
A film capacitor is an electrical capacitor that uses a thin plastic film as its dielectric. Numerous industries, including consumer electronics, automotive, telecommunications, and manufacturing, use these capacitors. Low self-inductance, long lifespan, and low equivalent series resistance (ESR) are all characteristics of film capacitors. Depending on the desired properties of the capacitor, capacitors can either be metallized or left untreated following film manufacturing. The demand for film capacitors in consumer electronics components, the desire for high temperature film capacitors, and the use of nanolayer film capacitors are all contributing to the growth of the film capacitor market. However, the industry’s expansion is being hampered by the stricter enforcement of industrial and environmental standards as well as by the constrained pricing margins. Additionally, rising use of film capacitors in electric vehicle systems and technological advancements offer significant market growth potential.
Due to their qualities, including low self-inductance, stability, low self-inductance, and low price, film capacitors have become extremely popular across a variety of industries. Depending on the required qualities, these capacitors can either be metallized or left untreated following the production of the films. The need for polyester film capacitors is projected to increase as a result of the increased demand for various consumer electronics, including smartphones, laptops, electric vehicles, and IOT devices, as well as the demand in many other end-use sectors, propelled the market growth.
US Film Capacitor Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 3.21 billion
Largest Segment
AC segment
Fastest Growth
AC segment
Growth Rate
3.1% CAGR
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Global Film Capacitor Market is segmented by Product, Type, Industry Vertical, and region. Based on Product, the market is segmented into AC, and DC. Based on Type, the market is segmented into Paper, Plastic. Based on Industry Vertical, the market is segmented into Automotive, Power and Utilities, Consumer and electronics, Telecommunication, and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Film Capacitor Market Analysis by Product
AC segment dominated the market in 2021 and In contrast to direct current (DC), which only travels in one direction, alternating current (AC) is an electric current that occasionally reverses direction and continuously alters its magnitude over time. Alternating current is the type of electrical energy that consumers typically use when they plug in kitchen appliances, televisions, fans, and electric lamps into a wall socket. Alternating current is also the type of electrical energy that is delivered to homes and businesses.
DC film Capacitor is fastest growing segment during the forecast period due to its used in various type of industrial also industrial development one of the key demanding factor for DC film Capacitor. various applications for direct current, including battery charging, massive power sources for electronics, motors, and other devices, and more. The smelting of aluminium and other electrochemical processes require very huge amounts of direct-current electrical energy. Some railways also employ it, particularly in cities. Large volumes of power from distant generation sites are transmitted using high-voltage direct current, as are connections between alternating current power grids.
Film Capacitor Market Analysis by Ship Type
Plastic film Capacitor has dominated the market in 2021 and also continue its dominate during the forecast period, due to the lower price of plastic Capacitor their benefits in various motor running and electric industries. In film capacitors, the dielectric is made of plastic film, and the electrodes are made of either aluminium or zinc. Other names for film capacitors are plastic film capacitors and film dielectric capacitors. Plastic film capacitors are mostly utilized in circuits that call for low loss and strong insulating resistance.
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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.
Asia Pacific is the fastest-growing segment during the forecast period with the highest CAGR. This is a result of the region’s expanding industrial base, which includes developing nations like China and India, it is projected that Asia Pacific will continue to be the world’s largest user of film capacitors. The demand for film capacitors is also increasing in the Asia Pacific region as a result of the region’s growing reliance on information and communication technology as well as the use of efficient circuits in a variety of applications and consumer goods.
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Film Capacitor Market Driver
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
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 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.
Film Capacitor Market Top Player's Company Profiles
Film Capacitor Market Recent Developments
Advancement of Electrical Devices will bolster demand for Film Capacitor in Global Market
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Film Capacitor Market analysis, among regions Europe is expected to capture a higher market share, the growth of the region is attributed to growing public concern for the environment and government initiatives to support electrically powered transportation modes. Germany has emerged as a significant contributor to market growth in Europe. In terms of type, the diesel-electric type segment dominates the marine hybrid propulsion market. This segment's leading position can be attributed to its extremely fuel-efficient and silent propulsion system. In terms of application, commercial application led the market and is predicted to grow at the fastest rate.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 2.5 billion |
Market size value in 2031 | USD 3.41 billion |
Growth Rate | 3.50% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Film Capacitor Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Film Capacitor Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Film Capacitor Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Film Capacitor Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG45L2010
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