Film Capacitor Market To Develop With Surge In Contactless Transaction Demand Due To COVID -19

Film Capacitor Market To Develop With Surge In Contactless Transaction Demand Due To COVID -19 | MRFR Confirms

iCrowd Newswire
31 Jul 2020, 08:54 GMT+10

Film capacitors are electrical capacitors, which use an insulating plastic film as the dielectric medium and are used ubiquitously in electronics as a power control components. The global film capacitor market is expected to grow at a CAGR of 2 % during the review period of 2017 and 2023.

Some of the prominent players operating in the global film capacitor market are Mitsubishi Shindoh Co., Ltd. (Japan), TDK Corporation (Japan), AVX Corporation (U.S.), Electro Technik Industries, Inc. (U.S.), Custom Electronics, Inc. (U.S.), Aerovox Corporation (U.S.), Cornell Dubilier Electronics Inc. (U.S.), KEMET Corporation (U.S.), Nichicon Corporation (Japan), Panasonic Corporation (Japan), and Xiamen Faratronic Co. Ltd. (China), and others.

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Market Dynamics:

The Growing Adoption And Consumption Of Electronics Is The Prime Market Determinant

There has been an accelerated growth of electronics consumption worldwide. Film capacitors are also one of the most common capacitor types for use in electronic equipment. According to the Consumer Electronics Association (CEA) estimates, consumer electronics sales in 2015 was valued at USD 220 billion. Rising adoption rates of electronics are fuelled by faster technological obsolescence and price deflation for many electronic devices. The increase in real per capita income has triggered consumption of electronics for recreation. The Consumer Electronics Association states that the price of electronic equipment fell by 74 % over the last twenty year at an average rate of 6.5% year to year.

Product Development And Development Of Low-Cost Production Is Leading A Volumetric Expanse Of The Market

Development of extremely thin films made of specialized materials such as polypropylene, polyester, and others coupled with combination products made by merging films made of different materials has led to a market expanse. These advancements have made possible to develop films with a desirable electrical profile, such as stability, wide temperature range, wide frequency range, or very high voltages resistance. Polymer materials have also resulted in the substitution of expensive tantalum electrolytic capacitors with similar performance parameters such as long-term stability, high current surges capacity, and others.

Concerns Over Electronic Waste, Increasing Stringency Of Environmental And Manufacturing Regulations And Low Pricing Margin Are Hampering The Market

There have been common concerns regarding electronic wastes giving rise to green electronics and environmental regulations. Norway followed by Switzerland, Iceland, and United Kingdom top the list of world's electronic waste per inhabitant. The electric industry is a highly regulated industry. International Governments policies and regulations such as labor laws access to necessary materials and low-cost energy have an enormous impact on the industry. Policies which affect the U.S. electronics industry are Environmental Compliance Audits, and storage and disposal reguklations enacted by the Resource Conservation and Recovery Act (RCRA). The high market fragmentation is leading to greater pressures on pricing margins resulting in the exit of many players from the market.

Intended Audience

Automotive companies

Film capacitor service vendors

Capacitor manufacturers

plastic capacitor manufacturers

Solution providers

Polypropylene film capacitor manufacturers

Intellectual property core and licensing providers

Technology standards organizations

Technology investors

Research institutes,

System Integrators

Segments:

To generate an accurate assessment of the global film capacitor system market, the report is segmented by type, product, application, end users, and region.

Based on the type, the market is segregated into AC film capacitors, DC film capacitors, power film capacitors and others.

Based on applications, the market is segregated into electronic circuits, radio frequency interference suppression film capacitors, lighting ballasts, damping capacitors, power film capacitors and others.

Based on the end users, the market is segregated into automotive, industries, consumer electronics, power & utilities, government & defense and others.

Based on regions, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World.

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Tags: Film Capacitor Market