Film Capacitor Market Sales Revenue, Trends, Revenue Analysis and Outlook 2027
Posted by sneha patil on December 6th, 2021
The global film capacitor market is growing at a rapid pace. The market growth is driven by the increasing usages of film capacitors for various applications across the end-user industries. Besides, the extensive uptake of these capacitors in energy, consumer electronics, and automotive industries worldwide drives the growth of the film capacitors market. Moreover, spurring rise in the military, commercial, industrial, and other sectors escalate film capacitors market growth.
According to Market Research Future (MRFR), the global Film Capacitor Market is poised to create a value of approximately USD 2 BN by 2023, growing at 2% CAGR during the review period (2017–2023). Increasing space-saving film capacitors in portable electronic medical devices is a major driving force behind the market growth. The increasing demand for low-energy conservation and high-performance supercapacitors from the automotive sector boosts market growth.
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Additionally, next-generation applications of film capacitors, such as machine learning, artificial intelligence, robotics, and quantum computing, influence the growth of the market. Furthermore, the increasing demand for additional capabilities and high implementation of supercapacitors solutions across various sectors bolster the growth in the market. Conversely, high investments required for technological innovations and product launches are significant challenges projected to impede the market growth.
Global Film Capacitor Market – Competitive Analysis
Highly competitive, the film capacitor market appears fragmented due to the presence of several well-established players. Manufacturers strive to develop low-cost, compact systems, emphasizing improved hardware. To gain a larger competitive share, industry players adopt strategies such as mergers & acquisitions, collaboration, innovation, and brand reinforcement.
These players make substantial R&D investments to deliver reliable, leading-edge products and services. Film capacitor manufacturers are focused on enhancing their product portfolios with the latest technologies. They follow organic and inorganic growth approaches to commercialize and increase sales of their products. The market competition would intensify further due to new product launches and the new entrants in the market.
Players leading the film capacitor market include TDK Corporation (Japan), Mitsubishi Shindoh Co., Ltd. (Japan), AVX Corporation (US), Custom Electronics, Inc. (US), Electro Technik Industries, Inc. (US), Aerovox Corporation (US), KEMET Corporation (US), Cornell Dubilier Electronics Inc. (US), Nichicon Corporation (Japan), Xiamen Faratronic Co. Ltd. (China), and Panasonic Corporation (Japan), among others.
Global Film Capacitor Market – Segmentation
The report is segmented into four dynamics;
By Type : AC Film Capacitors, DC Film Capacitors, Power Film Capacitors, and others.
By Application: Electronic Circuits, Radio Frequency Interference Suppression Film Capacitors, Lighting Ballasts, Damping Capacitors, Power Film Capacitors, and others.
By End-Users: Automotive, Consumer Electronics, Power & Utilities, Government & Defense, and others.
By Regions : Asia Pacific, Americas, Europe, and the Rest-of-the-World.
North America is one of the leading regions globally in terms of market share in the global film capacitor market as it has huge demand in many sectors including automotive, defense, industries and others. The film capacitor market in Europe region is expected to witness rapid growth in the forthcoming period. Whereas, Asia Pacific countries like China, Japan and South Korea is an emerging market for film capacitor market and expected to be the highest CAGR in the coming years.
Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR\'s methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.
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About the Authorsneha patil
Joined: December 28th, 2020
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