Increase in Adoption of Film Capacitor over Electric Vehicles to Drive Film Capacitor Market: Ken Research
The film capacitors are also knows as film caps or the power film capacitor that are generally made over a two plastic films, covered over a metallic electrodes and wound into a cylindrical shaped winding structure. These capacitors are further based on the polypropylene film as a dielectric, and are used for both high frequency, and power application such as heating, pulse power energy discharge application, and AC capacitors used for the electrical distribution applications. The film capacitor is widely used over different sector, owing to their high characteristics. These capacitors are further deployed with high precision capacitance values and it has capacity that retains values over a longer comparing the other capacitor types. Moreover, the film capacitor has a longer shelf & service life and high reliability with a low average failure rate. The capacitor also contains various types of metalized capacitor, polyester film, polypropylene film, PTFE film, and polystyrene film.
According to study, “Film Capacitor Market by product (AC and DC), Type (Paper Film Capacitor and Plastic Film Capacitor) and Industry Vertical (Automotive, Power and Utilities, Consumer Electronics, Telecommunication, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026”. Some of the key companies operating in the film capacitor market include KEMET Corporation, TDK Corporation, Panasonic Corporation, AVX Corporation, Vishay Intertechnology, Cornell Dubilier Electronics Inc., Electro Technik Industries, Ningbo Topo Electronic Co., Ltd., Wima GmbH & Co. KG, and XiamenFaratronic Co., Ltd.
Based on film type, the film capacitor market is segmented as metallized plastic film, dielectric film, and hybrid. Metallized plastic film capacitors are further sub-segmented as Metallized Polypropylene Capacitors (MKP), Metallized Polyester Capacitors (MKT), and Metallized Polypropylene Naphthalate. Additionally, the dielectric film type is further sub-segmented as Polypropylene (PP), Polyethylene terephthalate (PET), and Polyethylene Naphthalate (PEN). Based on technology, market is segmented as stacked-film technology and wound film technology. Based on application, market is segmented as AC and DC application. Based on voltage type, market is segmented as low voltage and high voltage. In addition, based on industry vertical, market is segmented as power & utilities, automotive, government, consumer electronics, aerospace & defense, telecommunication, and others.
The film capacitor market is driven by rise in demand for high temperature film capacitors, followed by increase in adoption of film capacitor in electric vehicle system and rise in demand for film capacitor in consumer electronics components. However, increase in severity of environmental & manufacturing rules and low pricing margin may impact the market. Moreover, surge in adoption of nano-layer film capacitors is a key opportunity for market.
Based on geography, the North-American region dominates the film capacitor market owing to rise in demand for hybrid electric vehicle, electric vehicle, and plug in hybrid vehicle in the region. Whereas, the Asian-Pacific and European regions are expected to show higher growth rate due to increase in demand from many sectors including defense, automotive, industries and others over the forecast period. In near future, it is expected that the market will be reached at quick speed as a result of huge requirement for capacitors in numerous manufacturing applications such as security, and automotive, growth in improvement in the standard of living and rise in disposable income during the forecast period.
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Ankur Gupta, Head Marketing & Communications