PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1561737
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1561737
Global Film Capacitor Market is valued approximately at USD 4.84 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 3.73% over the forecast period 2024-2030. Film capacitors primarily consist of a thin dielectric plastic film that functions as an insulator between two conductive metal foils or electrodes. These capacitors are potentially used in power electronics devices, phase shifters, and pulsed lasers owing to their low self-inductance, ability to withstand power surges without damage, and relatively low prices. The demand for film capacitors in consumer electronics is surging due to their excellent performance under harsh conditions. In addition, film capacitors are increasingly used in electric vehicles (EVs) due to their high current conduction capability and lower equivalent series resistance (ESR) compared to electrolytic capacitors. However, film capacitors are unsuitable to withstand temperature fluctuations, which causes reflow soldering. The stringent environmental and manufacturing regulations led by various governmental frameworks limit the adoption of film capacitors in various industries. Furthermore, the growing development of smart grid infrastructure for advanced energy storage methods and the increasing need for energy-saving alternatives worldwide are estimated to generate lucrative opportunities for the film capacitors market in the future.
The rising adoption of metalized plastic film capacitors in power electronics for decoupling and filtering applications is a significant trend in the market. Dielectric films are specifically designed polypropylene films manufactured using the tenter process using highly specialized equipment in regulated environmental and ultra-clean room conditions for various capacitor applications. These films have good temperature resistance and can be used at 160°C (320°F). Polyethylene naphthalate (PEN) offers polyester and polyimide film with good mechanical strength, dielectric strength, and excellent resistance against solvents and chemicals. Metalized film capacitors are manufactured using metalized and plastic film, which act as the dielectric with a thickness of approximately 0.03 µm. Metalized film capacitors have self-healing properties that offer a distinct advantage over non-metalized film capacitors. The metalized polypropylene film (MPPF) capacitors have superior electrical characteristics to other dielectrics. These films feature very low dielectric losses, high insulation resistance, low dielectric absorption, and high dielectric strength.
The proliferating use of film capacitors in consumer electronics is driving market growth. Polytetrafluoroethylene (PTEE) film capacitors from 100 V to 630 V DC are utilized in aerospace and defense applications, providing high-temperature resistance up to 200°C that supports aerospace and defense to perform smoothly under critical environmental conditions. In the automotive industry, film capacitors are mainly used across various devices, including hybrid and electric drives, DC links, and AC filtering for trains for solar power generation. Polyester film capacitors, polyethylene naphthalate film (PEN), and polycarbonate film capacitors are operated in consumer electronics due to their small dimensions and relatively high capacitance values. In telecommunication, film capacitors are utilized over a broad range of devices, including mobile devices, IP telephony, LAN and WAN networking, cable modems, ethernet devices, triple play, all-in-one printers, and set-top boxes, receivers, and over-the-air equipment.
The Americas represent a significant landscape in the film capacitor market owing to substantial demand for film capacitors in industries such as renewable energy, automotive, and telecommunications. The ongoing transition to electric vehicles (EVs) has increased research and development (R&D) investments and patent filings related to component miniaturization and high-voltage capacitor applications. Furthermore, government initiatives supporting clean energy adoption propel advancements in power electronics equipment incorporating film capacitors. In Europe, environmental regulations drive demand for film capacitor solutions tailored for renewable energy systems and EV charging infrastructure. EU countries continue to invest heavily in R&D programs that foster innovation in sustainable technologies. The Middle East and Africa region presents immense growth potential due to infrastructural development projects requiring efficient power management components. APAC has observed a developing landscape due to its strong manufacturing capabilities, rapid industrialization, and improved urbanization initiatives. The government's push toward modernizing the power grid infrastructure increases demand for film capacitors catering to smart grid applications.