Global Film Capacitor Market 2017-2021
About Film Capacitor
A film capacitor is a device that uses a thin plastic or paper film as the dielectric between the two metallic electrodes. The plastic film is drawn into a thin thickness on which the electrodes are placed. The entire assembly is then placed into a casing, which protects it from the external environment. Since capacitors are low-cost devices, plastic or paper is used as the dielectric. For further cost reduction, cheaper plastics can be used.
Technavio’s analysts forecast the global film capacitor market to decline at a CAGR of (1.43%) during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global film capacitor market for 2017-2021. To calculate the market size, the report considers the sales of film capacitors to various OEMs such as automobile manufacturers, aerospace and defense manufacturers, and power and energy equipment manufacturers.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Film Capacitor Market 2017-2021
Technavio recognizes the following companies as the key players in the global film capacitor market: Cornell Dubilier Electronics, KEMET, NICHICON, Panasonic, TDK, and XIAMEN FARATRONIC.
Other Prominent Vendors in the market are: AVX, Hitachi Chemical, Icel, Shanghai Yinyan Electronic, Suntan Capacitors, Vishay Intertechnology, and WIMA.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is development of smart grids. Smart grids are electrical grids that are equipped with computer intelligence, along with network capabilities. Smart grids are developed to improve the operation and maintenance of electric grids by allowing a smooth exchange of data among various components.”
According to the report, one driver in the market is increasing investments in R&D. The lack of product differentiation in the global film capacitor market has compelled vendors to identify new materials that can be used as the dielectric, which will increase the capacitance value of film capacitor. Therefore, many vendors in the market are focusing on R&D to identify new products and materials to manufacture the dielectric for film capacitors that can be used in a variety of next-generation applications such as artificial intelligence (AI), robotics, machine learning, and quantum computing.
Further, the report states that one challenge in the market is increasing number of counterfeit products. Counterfeit products are those products that violate the IP of a company and are unauthorised replicas of the real product of an original component manufacturer (OCM). Even though capacitors are relatively inexpensive, there is a rise in the number of counterfeits in the market. These counterfeits are made by using passive components (such as resistors, inductors, and capacitors) on a circuit board. These passive components are sold in high volumes. Some of these counterfeit manufacturers make capacitors from scrap materials or reclaimed scrap electronics.
Cornell Dubilier Electronics, KEMET, NICHICON, Panasonic, TDK, XIAMEN FARATRONIC, AVX, Hitachi Chemical, Icel, Shanghai Yinyan Electronic, Suntan Capacitors, Vishay Intertechnology, and WIMA.