NEW
YORK, July 9, 2024 /PRNewswire/ -- Film
capacitors are essential components widely used in various
applications such as electric vehicles (EVs), hybrid electric
vehicles (HEVs), smart grids, and consumer electronics. Their high
reliability and efficiency make them ideal for filtering,
decoupling, and energy storage purposes in electronic circuits. The
global film capacitor market is poised to grow significantly,
driven by the increasing adoption of EVs and HEVs, as well as the
development of smart grids. However, challenges like the rise in
counterfeit products need addressing to sustain this growth. Key
players in the market include Cefem Group, Cornell Dubilier
Electronics Inc., Panasonic Holdings Corp., and others.
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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Type (Polyester film
capacitors, Polypropylene film capacitors, PTFE film capacitors,
and Others), Application (AC applications and DC applications), and
Geography (APAC, Europe, North America, Middle East and Africa, and
South America)
|
Region
Covered
|
APAC, Europe, North
America, Middle East and Africa, and South America
|
Key companies
profiled
|
Cefem Group, Cornell
Dubilier Electronics Inc., Custom Electronics Inc., DongGuan Xuansn
Electronic Tech, Electro Technik Industrtries Inc., Foshan Shunde
District Sheng Ye, Hi Fi Collective Ltd., Hitachi Ltd., Icel Srl,
Kyocera Corp., NICHICON Corp., Ningbo Topo Electronic Co. Ltd.,
Panasonic Holdings Corp., Suntan Technology Co. Ltd., TDK Corp.,
Vishay Intertechnology Inc., WIMA GmbH and Co. KG, Wurth Elektronik
GmbH and Co. KG, XIAMEN FARATRONIC Co. Ltd., and Yageo
Corp.
|
Key Market Trends Fueling Growth
Smart grids, electrical networks equipped with computer
intelligence and network capabilities, are a significant trend in
the energy industry. These grids enhance grid operation and
maintenance by enabling seamless data exchange among components,
including transmission lines, generators, transformers, smart
meters, appliances, and renewable energy systems. Smart grids offer
several benefits, such as heightened security, efficient energy
transmission, integrated operations leading to low power costs,
quick electricity restoration during power cuts, and reduced peak
demand. Investments in smart grids have been substantial. For
instance, Tantalus Systems and UtilityHawk Solutions developed an
integrated smart grid communication portal, while Scotland's Northern Isles New Energy Solutions
(NINES) project demonstrated smart grids' reliability. The EU aimed
to replace 80% of energy meters with smart meters by 2020, and the
US focuses on smart grid deployment. Film capacitors play a crucial
role in smart grids due to their ability to adjust and stabilize
voltage and frequency. They are also used as output filters for
converters and offer self-healing and DC filtering capabilities.
The film capacitor market is poised to expand due to technological
advancements and increased adoption across various industries in
the forecast period.
The Film Capacitor market is experiencing significant growth due
to its widespread usage in various industries. Key insulator
materials like Polypropylene, Polyethylene Terephthalate, and
Polycarbonate are driving this trend. Film capacitors find
extensive applications in Consumer Appliances such as Tablets, TVs,
Audio devices, and Power electronics including Motor drives,
Lighting systems, Charging infrastructure, Power supplies, and
Renewable energy systems. In the Renewable energy sector, Film
Capacitors are used in Renewable energy installations, Photovoltaic
inverters, Wind turbines, and Energy efficiency standards to
mitigate power losses and ensure power quality. The Information
Technology industry utilizes Film Capacitors in Regulators, Energy
efficiency management, and Clean energy solutions.
Industrialization and Automation sectors also rely on Film
Capacitors for Industrial automation, Smart grids, Grid stability,
and Power factor correction. Harsh environments and temperature
stability requirements are met with alternative materials like
Ceramic capacitors and Aluminum electrolytic capacitors.
Miniaturization is another trend, as Film Capacitors are being used
in Smart home devices and various other applications.
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Market Challenges
• Counterfeit
film capacitors pose a significant threat to the global market, as
they violate intellectual property rights and can cause severe
damage to devices, equipment, or power systems. These unauthorized
replicas are often manufactured using scrap materials or reclaimed
electronics, resulting in incorrect capacitance values. The
consequences of using these capacitors can be harmful, leading to
short circuits and even explosions. Notable companies like NICHICON
and KEMET have encountered counterfeit products bearing their brand
names. To mitigate this issue, vendors are urging customers to
purchase film capacitors only from authorized dealers. The
proliferation of counterfeit capacitors can negatively impact the
film capacitor market's growth.
• The Film
Capacitor Market faces several challenges in various industries.
Electric vehicles and IoT devices require advanced capacitor
technology for efficient energy storage and power management.
End-use sectors like AC and DC applications in kitchen appliances,
televisions, fans, electric lamps, battery charging, and massive
power sources need reliable and efficient capacitors.
Telecommunication industry demands high-performance capacitors for
electrical energy storage and transmission. Film capacitors,
including paper film and plastic film types, are crucial in
telecommunication, AC and DC circuits, and electrochemical
processes in aluminum smelting, railways, and avionics. HVDC and
power correction systems require film capacitors for efficient
energy transfer. Consumer goods, hybrid electric vehicles, and
electronic transportation systems rely on film capacitors for
self-healing properties. Discrete capacitors, tantalum capacitors,
and electrolytic capacitors are essential in various applications,
such as mechanical elevations, electric devices, and lighting
ballasts. Film capacitors are also used in electronic circuits,
power and utilities, government and defense, and thin dielectric
films like polyester. Overall, the Film Capacitor Market must
address the diverse needs of these industries while ensuring
cost-effectiveness and high performance.
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challenges - Download a Sample Report
Segment Overview
This film capacitor market report extensively covers market
segmentation by
- Type
- 1.1 Polyester film capacitors
- 1.2 Polypropylene film capacitors
- 1.3 PTFE film capacitors
- 1.4 Others
- Application
- 2.1 AC applications
- 2.2 DC applications
- Geography
- 3.1 APAC
- 3.2 Europe
- 3.3 North America
- 3.4 Middle East and
Africa
- 3.5 South America
1.1 Polyester film capacitors- The Film Capacitor
market is experiencing steady growth due to increasing demand from
various industries such as telecommunications, power electronics,
and renewable energy. These capacitors are essential components in
electronic circuits, providing energy storage and voltage
stabilization. Key players in the market include Murata
Manufacturing, Panasonic, and TDK. Companies invest in research and
development to improve product performance and efficiency. The
market is expected to reach significant value by 2026.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2018 - 2022) - Download a Sample Report
Research Analysis
The Film Capacitor market encompasses a wide range of electrical
components used in various industries, primarily in the fields of
consumer electronics and telecommunications. These capacitors are
constructed using thin plastic films as dielectrics, which provide
low self-inductance and high capacitance. The manufacturing process
involves metallizing the films to create electrodes, resulting in
electric devices with high energy density and excellent
performance. Film capacitors are essential in consumer electronics
such as tablets, TVs, and audio devices, where they provide energy
storage and filtering functions. In telecommunications, they are
used in power amplifiers and filters for signal conditioning. The
market includes various types of film capacitors, including DC, AC,
power, damping, and lighting ballast capacitors. Thin dielectric
films like polyester, polypropylene, polyethylene terephthalate,
polycarbonate, and insulators are commonly used in their
production. Additionally, film capacitors find applications in
consumer appliances, hybrid electric vehicles, and power and
utilities.
Market Research Overview
The Film Capacitor Market refers to the industry dedicated to
the production and application of electrical capacitors utilizing
thin plastic films as dielectrics. These capacitors, available as
DC Film Capacitors and AC Film Capacitors, offer advantages such as
low self-inductance, high stability, and efficiency in various
end-use sectors. Thin dielectric films like polyester,
polypropylene, polyethylene terephthalate, and polycarbonate are
commonly used in manufacturing film capacitors, including nanolayer
film capacitors. Film capacitors find extensive usage in consumer
electronics, telecommunications, electric vehicle systems, and
numerous other industries. They are integral components in consumer
goods such as smartphones, laptops, electric vehicles, IoT devices,
and kitchen appliances. In the telecommunication industry, they are
employed in AC and DC power supplies, power correction systems, and
efficient circuits. Additionally, film capacitors are essential in
industrial applications, such as power and utilities, avionics, and
renewable energy systems. They contribute to various applications,
including electric vehicles, hybrid electric vehicles, motors,
electrochemical processes, and mechanical elevations. Film
capacitors are also used in lighting systems, charging
infrastructure, and power supplies. Thin dielectric films,
including polyester, polypropylene, polyethylene terephthalate, and
polycarbonate, are employed as insulators in various applications,
such as power electronics, motor drives, and lighting systems. Film
capacitors are also used in lighting ballasts, electronic circuits,
and damping capacitors. In summary, the Film Capacitor Market
encompasses a diverse range of applications across numerous
industries, including consumer electronics, telecommunications,
power and utilities, avionics, and renewable energy systems. Film
capacitors, utilizing thin plastic films as dielectrics, offer
advantages such as high stability, low self-inductance, and
efficiency, making them indispensable components in various
applications.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Type
-
- Polyester Film Capacitors
- Polypropylene Film Capacitors
- PTFE Film Capacitors
- Others
- Application
-
- AC Applications
- DC Applications
- Geography
-
- APAC
- Europe
- North America
- Middle East And Africa
- South America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
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Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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