Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Various factors that work as the drivers for the growth are the increase in demand and subsequently the adoption of EVs and HEVs. With the growing awareness among the governments and the population of almost all the regions globally, the focus is shifting towards eco-friendly products that include EVs and HEVs. There are few regions where governments are providing incentives for the use of such eco-friendly vehicles. All this has led to an increase in the demand for the film capacitor market.
Additionally, The effective use of film capacitors is in the automotive and the power industry. Automotive vehicles are in demand and have been supported by the governments of different regions worldwide due to the awareness about using eco-friendly products. The EVs and the HEVs are eco-friendly and save fuel costs and save the environment from the hazardous gases that these emit and pollute the environment.
Hence, regulatory bodies and governments have passed various laws to support such vehicles, resulting in the growth of the Thin Film Capacitor Market. Thus, regulatory implications tend to boost the development of the need to a great extent, even if not directly but as a subsequent result of the growth in the automotive market globally.
The TheFilm Capacitor market segmentation, based on type, includes DC Film capacitors, AC Film capacitors, Power film capacitors, and Others. Power film capacitors dominate the Thin Film Capacitor Market with the highest share in the market and the highest value of the CAGR.
Based on application, theFilm Capacitor market segmentation includes Radio Frequency Interference Suppression Film Capacitors, Damping Capacitors, Lighting Ballasts, Electronic Circuits, Power Film Capacitors, and Others. Power film capacitors dominate the Film Capacitor Market Share due to the increasing demand for power consumption in various parts.
Based on End-users, theFilm Capacitor market segmentation includes Power and utilities, Consumer electronics, Government and Defense, Automotive, and Others. The segment that dominates the thin film capacitor market is automotive, which has gained popularity due to its environment-friendly results.
Figure 2:Film Capacitor Market, by Type, 2021 & 2030 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The region that dominates the Film Capacitor Market in North America and the growth in the area is attributed to the increased demand for automotive vehicles in the region. Europe follows the market in second place, where the market tends to generate a considerable market share.
Figure 3:FILM CAPACITOR MARKET SHARE BY REGION 2021 (%)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
The Asia Pacific is expecting a steady and significant rise in market share. The CAGR of the film capacitor market in the Asia Pacific region is also projected to touch a high value. The market valuation in the forecast period is also expected to have a high percentage in the economy.
Major market players are spending a lot of money on R&D to increase their product lines, which will help the Film Capacitor market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Film Capacitor industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.
The major market players are investing a lot of money in R&D to expand their product lines, which will spur further market growth for Film Capacitor. With significant market development like new product releases, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations, market participants are also undertaking various strategic activities to expand their presence. To grow and thrive in a market climate that is becoming more competitive and growing, competitors in the Film Capacitor industry must offer affordable products.
Manufacturing locally to cut operating costs is one of the main business tactics manufacturers use in theFilm Capacitor industry to benefit customers and expand the market sector. The Film Capacitor market has recently given medicine some of the most important advantages. Major hair care product market players, including Mitsubishi Shindoh Co., Ltd. (Japan), Xiamen Faratronic Co. Ltd. (China), TDK Corporation (Japan), Panasonic Corporation (Japan), and others, are attempting to increase market demand by funding R&D initiatives.
Panasonic Industry Sales Asia Pacific, with offices in Singapore, India, Malaysia, and Thailand, aims to provide a more efficient and smoother supply of electronics products to the production facilities of our clients worldwide. We also aim to promote business partnerships with an emphasis on the international industry. Panasonic Industry Sales Asia Pacific, which forms part of Panasonic'smanufacturing and sales network is committed to providing our clients in Asia, the Middle East, Oceania (Australia & New Zealand), and Africa with prompt service, a comprehensive product range and above all, flexibility in meeting your special needs.
Also, Xiamen Faratronic Co., Ltd. is a world-leading professional film capacitor manufacturer. Since 1955 we have been a key supplier for manufacturing film capacitors. Our foundation of expertise is in innovation, quality, service, and management. The company adheres to the "middle and high-end market strategy". Faratronic’ssupplier market is in industrial, PV, wind power, EV/HEV, Traction, smart grid, home appliances, and lighting.
Mitsubishi Shindoh Co., Ltd. (Japan)
Xiamen Faratronic Co. Ltd. (China)
TDK Corporation (Japan)
Panasonic Corporation (Japan)
AVX Corporation (U.S.)
Nichicon Corporation (Japan)
Electro Technik Industries, Inc. (U.S.)
KEMET Corporation (U.S.)
Custom Electronics, Inc. (U.S.)
Cornell Dubilier Electronics Inc. (U.S.)
Aerovox Corporation (U.S.).
August 23, 2022 – KYOCERA AVX Celebrates the Release of its 1,000th TRAFIM Series High-Voltage Power Film Capacitor for DC Filtering Applications.
December 21, 2020 – Cornell Dubilier Acquires Capacitor Division from NWL.
DC Film capacitors
AC Film capacitors
Power film capacitors
Others
Radio Frequency Interference Suppression Film Capacitors
Damping Capacitors
Lighting Ballasts
Electronic Circuits
Power Film Capacitors
Others
Power and utilities
Consumer electronics
Government and defense
Automotive
Others
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Australia
Rest of Asia-Pacific
Rest of the World
Middle East
Africa
Latin America
| Report Attribute/Metric | Details |
| Market Size 2023 | USD 3.8 Billion |
| Market Size 2024 | USD 4 Billion |
| Market Size 2032 | USD 6.7 Billion |
| Compound Annual Growth Rate (CAGR) | 6.60% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2018 & 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Application, End-User, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The U.S, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Mitsubishi Shindoh Co., Ltd. (Japan), Xiamen Faratronic Co. Ltd. (China), TDK Corporation (Japan), Panasonic Corporation (Japan), AVX Corporation (U.S.), Nichicon Corporation (Japan), Electro Technik Industries, Inc. (U.S.), KEMET Corporation (U.S.), Custom Electronics, Inc. (U.S.), Cornell Dubilier Electronics Inc. (U.S.) and Aerovox Corporation (U.S.). |
| Key Market Opportunities | The surge in demand for nanolayer film capacitors |
| Key Market Dynamics | Higher demand for film capacitors in consumer electronics component The rise in demand for high-temperature film capacitors |
Film Capacitor Market Highlights:
Frequently Asked Questions (FAQ) :
The Film Capacitor market size was valued at USD 3.8 Billion in 2023.
The market is projected to grow at a CAGR of 6.60% during the forecast period, 2024-2032.
North America had the largest share of the Film Capacitor market.
The key players in the market are Mitsubishi Shindoh Co., Ltd. (Japan), Xiamen Faratronic Co. Ltd. (China), TDK Corporation (Japan), Panasonic Corporation (Japan), AVX Corporation (U.S.), Nichicon Corporation (Japan), Electro Technik Industries, Inc. (U.S.), KEMET Corporation (U.S.), Custom Electronics, Inc. (U.S.), Cornell Dubilier Electronics Inc. (U.S.) and Aerovox Corporation (U.S.)
The Power film capacitors category dominated the market in 2023.
The Power film capacitors base had the largest share in the market for Film capacitors.
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Senior Research Analyst Ankit gupta is an analyst in market research industry in ict and semi industry. with post-graduation in "telecom and marketing management" and graduation in "electronics and telecommunication" vertical he is well versed with recent development in ict industry as a whole. having worked on more than 150+ reports including consultation for fortune 500 companies such as microsoft and rio tinto in identifying solutions with respect to business problems his opinions are inclined towards mixture of technical and managerial aspects.
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