Film Capacitor Market Size & Share, by Type (AC Film Capacitors, DC Film Capacitors, Power Film Capacitors) Application (Electronic Circuits, Radio Frequency Interference Suppression Film Capacitors, Lighting Ballasts, Damping Capacitors, Power Film Capacitors); End-User (Automotive, Consumer Electronics, Power & Utilities, Government & Defense) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5374
  • Published Date: Nov 16, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Film Capacitor Market size is predicted to cross USD 7 billion by the end of 2036, expanding around 4% CAGR during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of film capacitor was more than USD 4 billion. This growth of the sector is projected to be influenced by the growing demand for electric vehicles. For instance, worldwide sales of electric vehicle reached over 9 million in 2022, and this year's sales are anticipated to increase by another about 34% to approximately 13 million. As a result, the demand for film capacitors is also growing.

Film capacitor are used in electric vehicles to flatten out changes in DC voltage and prohibit ripple currents from returning to the power source. Semiconductors are also shielded by capacitors. Moreover, the government from across various nations are taking initiative steps to promote the adoption of electric vehicles owing to growing issues of emission from vehicles. Hence, this factor is also projected to influence the market revenue over the coming years.


Film Capacitor Market Overview
Get more information on this report: Request Free Sample PDF

Film Capacitor Market: Growth Drivers and Challenges

Growth Drivers

  • Surge in Demand for Renewable Energy- Between 2022 and 2027, there is a projected expansion of global renewable capacity totaling almost 2 300 GW, or nearly 74%. Over the past few decades, there has been an exponential increase in the capacity that is being used by renewable energy sources. Global warming and the need to move away from fossil fuels are expected to accelerate the development of new projects in the upcoming years. Networks for renewable energy are constructed up of several parts with mechanical and electrical connections.  They control and alter the resultant energy of electricity. The produced electricity can be fed into a sizable grid that is powered by central producing facilities that are linked to the grid, stored, or consumed immediately. Systems for wind and solar electricity are built on robust AC-DC and DC-AC converters. For AC filtering and voltage stabilization in the DC link circuits, they require dependable film capacitors. As a result, there is an increasing need for film capacitors.
  • Rising Adoption of Smartphones- By 2023, there will be almost 5 billion smartphone users globally or more than 84% of the world's population. The production of capacitors for use in smartphone antenna systems frequently employs thin-film technology. With the assistance of this technique, components with precisely controllable performance characteristics can be produced. The total effectiveness of smartphone antenna systems is increased by the use of thin-film capacitors. Therefore, the film capacitor market revenue for film capacitors is rigorously rising.
  • Growing Use of Film Capacitors in Protective Devices - Due to its low self-inductance, high peak current, and low ESR—all of which are crucial in a snubber design—film capacitors are used in these circuits. Polypropylene film capacitors are the most commonly employed in this type of circuit. Uses for snubbers include flyback DC-DC converters and other power electronics devices.

Challenges

  • More Stringent Adherence to Environmental and Industrial Regulations
  • Unable to Suffer Large Current – In most cases the incapacity of film capacitors to tolerate high currents is a drawback. This is a result of the film layer's lower capacity to conduct high currents due to its considerably thinner layer than metal foil. This could be highly seen in the case of metalized film capacitors. Hence, this is estimated to hinder the expansion of the m film capacitor market.
  • Surge in Number of Counterfeit Products - Unauthorized copies of original products from Original Component Manufacturers (OCM) that violate a business's intellectual property rights are categorized as counterfeit goods. Despite the low cost of capacitors, there are currently more and more counterfeit goods available. The circuit board of these counterfeit goods is constructed using passive components. These passive parts are offered for sale in bulk. Using discarded electronic waste or scrap metal, some of these counterfeiters’ manufacture capacitors. These capacitors have the wrong capacitance values. As a result, the film capacitor market growth might be impeded over the coming years.

Film Capacitor Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~4%

Base Year Market Size (2023)

~ USD 4 Billion

Forecast Year Market Size (2036)

~ USD 7 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
Get more information on this report: Request Free Sample PDF

Film Capacitor Segmentation

Type (AC Film Capacitors, DC Film Capacitors, Power Film Capacitors)

The power film capacitors segment is projected to hold 50% share of the global film capacitor market during the forecast period. The materials and construction methods used to make regular film capacitors and huge power film capacitors are essentially the same. For historical reasons, capacitors that have moderate to extremely high power ratings for usage in power systems and electrical installations are frequently categorized differently. Electrical and mechanical parameters are the focus of the standardization process for conventional film capacitors. In contrast, the local regulatory body emphasizes the safety of persons and equipment when it comes to the standardization of power capacitors.

End-User (Automotive, Consumer Electronics, Power & Utilities, Government & Defense)

The automotive segment in the film capacitor market is expected to account for around 40% of the revenue share by 2036. This expansion may be the result of increased public awareness of environmental contamination. It has been estimated that CO2 emissions reached about 32 billion tons in 2022, an increase of over 299 million tons. Clean car projects are therefore becoming more and more necessary. Electric vehicles offer an environmentally friendly means of transportation that emits no emissions and lessens the transportation industry's carbon footprint. Another significant element propelling the market expansion for electric automobiles is the declining cost of batteries. Since batteries constitute a sizable amount of the total cost of the car, their cost is a major obstacle to the adoption of EVs. However, due to increased production and technological breakthroughs, battery costs have been falling quickly in recent years.

Our in-depth analysis of the global film capacitor market includes the following segments:

 

          Type

  • AC Film Capacitors
  • DC Film Capacitors
  • Power Film Capacitors

 

 

          Application

  • Electronic Circuits
  • Radio Frequency Interference Suppression Film Capacitors
  • Lighting Ballasts
  • Damping Capacitors
  • Power Film Capacitors

 

 

          End-User

  • Automotive
  • Consumer Electronics
  • Power & Utilities
  • Government & Defense

Want to customize this research report as per your requirements? Our research team will cover the information you require to help you take effective business decisions.

Customize this Report

Film Capacitor Industry- Regional Synopsis

North American Market Forecast

The North America film capacitor market is poised to gather the largest revenue share of about 30% during the forecast period. Growing demand for hybrid vehicles is projected to dominate the market expansion in North America. For instance, in 2022, there were approximately 850,000 plug-in hybrid electric vehicles on the road in the US. The biggest market share belongs to the US. The popularity of these vehicles has surged in the area due to benefits such as government subsidies for vehicle purchases, infrastructure improvements, parking concessions, and fuel savings. Hence, this has further increased the market revenue in this region.

European Market Analysis

The Europe film capacitor market is also projected to have significant growth during the coming years. There has been a surge in investment in cutting-edge technology in this region which has further boosted the demand for film capacitors. Additionally, there has been growth in the adoption of IoT in this region. Moreover, although the only robotic device for consumers to truly take off to date is this one in this region, other goods powered by drones and sophisticated robotics technology are going to debut and be integrated into the Internet of Things. Given this, manufacturers of film capacitors that target application-specific and value-added market niches find the Internet of Things robotics component intriguing in this area.

Research Nester
Film Capacitor Market Region
Get more information on this report: Request Free Sample PDF

Companies Dominating the Film Capacitor Market

top-features-companies
    • Vishay Intertechnology, Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • KEMET Corporation
    • TDK Electronics AG
    • WIMA GmbH & Co. KG
    • Nichicon Corporation
    • Rubycon Corporation
    • Elna America, Inc.
    • KOA Seer Electronics, Inc.
    • Samwha Capacitor Group
    • Würth Elektronik eiSos GmbH & Co. KG

In the News

  • September 9, 2020: A new line of Automotive Grade DC-Link metallized polypropylene film capacitors designed for extreme humidity conditions was unveiled by Vishay Intertechnology, Inc. Vishay's first line of AEC-Q200 approved DC-Link film capacitors, the Roederstein MKP1848H DC-Link, can endure temperature humidity bias (THB) testing, which involves holding the capacitor at 85 °C and 85% relative humidity for 1000 hours at rated voltage, without experiencing any changes to its electrical properties.
  • January 21, 2020: Although polypropylene performs exceptionally well in terms of voltage breakdown and ripple current, its application in high ambient temperatures has always been restricted. That is, until the most recent innovations made by the producers of the film and the KEMET Corporation capacitor production method. The PP film capacitors can meet even more rigorous standards, like the AEC-Q200's "Temperature Humidity Bias Accelerated Life Test" and the most recent IEC-60384-14 standard, which calls for components to withstand 85°C with 85% relative humidity at rated voltage for 1,000 hours, by raising the PP dielectric temperature capability to 125°C and providing special epoxy resin protection. Because of these developments, PP film capacitors are now competitively priced for use in high-reliability, green energy, EV/HV, and industrial markets, as well as modern automobile designs.

Author Credits:  Abhishek Verma, Hetal Singh


  • Report ID: 5374
  • Published Date: Nov 16, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The major factors to drive the growth of the market are the surge in demand for renewable energy, the rising adoption of smartphones, and the growing use of film capacitors in protective devices.

The market size of film capacitors is anticipated to attain a CAGR of ~4% over the forecast period, i.e., 2024-2036.

The major players in the market are Vishay Intertechnology, Inc., KEMET Corporation, TDK Electronics AG, WIMA GmbH & Co. KG, and others.

The power film capacitor segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the North America region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Film Capacitor Market Report Scope
logo
  GET A FREE SAMPLE

FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.

 Request Free Sample Copy

Have questions before ordering this report?

Inquiry Before Buying