The Global Market for Paper & Plastic Film Capacitors is Projected to Reach US$2.8 Billion by 2022

Growing Focus on Enhancing Energy Efficiency in Power Electronics to Drive Growth in the Paper & Plastic Film Capacitors Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Paper & Plastic Film Capacitors market. The global market for Paper & Plastic Film Capacitors is projected to reach US$2.8 billion by 2022, driven by the growing focus on achieving energy efficiency in power electronics in consumer and industrial electronics segments.

While ceramic and aluminum capacitors dominate the global capacitors market, paper and plastic film capacitors, although accounting for a smaller share is attracting considerable demand from key electronic segments. Paper & plastic film capacitors find use in wide range of electronic equipment and are also used in many AC and DC electronics and microelectronics circuits. Compared to ceramic and aluminum electrolytic capacitors, paper and plastic film capacitors possess novel properties that make them highly suitable for use in several general-purpose and industrial applications. Film capacitors have very low ESL and ESR values and despite being physically larger and expensive than aluminum electrolytic capacitors, these capacitors have higher surge and pulse load capabilities. As they are not polarized, film capacitors can be used in AC voltage applications without DC bias as they tend to display more stable electrical parameters. Film capacitors are commonly used in electronic circuits, for power factor correction, and as EMI/RFI suppression in the electronics industry.

Major end-use markets for paper & film capacitors include government & utilities, motor manufacturing, industrial drive manufacturing, renewable energy production, outdoor light manufacturing, microwave manufacturing, home theater & CATV equipment manufacturing, power supply device manufacturing, lighting ballast manufacturing, line voltage equipment manufacturing etc. Special type of film capacitors are also used in oil & gas equipment, aerospace equipment and defense equipment manufacturing. Plastic film capacitors have emerged to be highly popular, finding applications in electronic segments where ceramic and aluminum electrolytic capacitors have been traditionally dominant. One of the major factors driving growth in the market is the rising demand for electronics that are more energy efficient.  Film capacitors will especially find huge demand as the world moves towards making power electronics more energy efficient. Applications of paper and plastic film capacitors in the manufacture of power electronics are wide ranging. For instance, they are used in power electronics for interference suppression, pulsed power, power-factor correction, circuit protection and filtering, among several other areas.

As stated by the new market research report on Paper and Plastic Film Capacitors, China represents the largest market worldwide, led by the rapid growth of the country’s huge electronics manufacturing industry and the presence of major industrial, commercial and consumer electronics manufacturing companies. AC Film Capacitors represents the largest and the fastest growing product market with revenue opportunities primarily emerging from their use in power utilities, motor manufacturing, industrial manufacturing, renewable energy manufacturing, outdoor light manufacturing and microwave oven manufacturing segments.

Major players in the market include Arizona Capacitors, LLC, AVX Corporation, Cornell Dubilier Electronics, Inc., Custom Electronics, Inc, Electro Technik Industries, Inc, Hitachi AIC, Inc., KEMET Corporation, Murata Manufacturing Co., Ltd, Nichicon Corporation, Nippon Chemi-Con Corporation, Panasonic Corporation, Plastic Capacitors, Inc., Soanar Pty Ltd., Taiyo Yuden Co., Ltd., TDK Corporation, Vishay Intertechnology, Inc., and WIMA Spezialvertrieb elektronischer Bauelemente GmbH & Co. KG, among others.

The research report titled “Paper & Plastic Film Capacitors: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of major companies worldwide. The report provides market estimates and projections for all major geographic markets such as the US, Canada, Japan, Europe ((France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), China, Asia-Pacific (South Korea, Taiwan and Rest of Asia-Pacific), and Rest of World. Product segments analyzed in the report include AC Film Capacitors and DC Film Capacitors.

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