Elettronica
Film Capacitor Market to Garner $2.59 Bn, Globally, by 2026 at 2.5% CAGR, Says Allied Market Research
Higher demand for film capacitor in consumer electronics components, rise in demand for high-temperature film capacitors, and high adoption of film capacitors in the electric vehicle system have boosted the growth of the global film capacitor market. However, increase in severity of environmental and manufacturing rules and low pricing margins hamper the market. On the contrary, surge in adoption of nanolayer film capacitors is expected to create lucrative opportunities in the near future.
By type, the plastic segment dominated the market in 2018, accounting for nearly three-fourths of the global film capacitor market and is expected to continue to maintain its dominance. Moreover, the segment is anticipated to register the fastest CAGR of 2.8% during the forecast period, owing to high usage of plastic dielectric film in circuits where high insulation resistance and low loss is required.
By industry vertical, the automotive segment is expected to register the fastest CAGR of 3.9% during the forecast period, owing to surge in demand for complex vehicle electronics and increased expectations for sensitive electronics products. However, the power & utility segment held the largest share in 2018, contributing to more than one-fifth of the global film capacitor market, as it is capable in reducing transmission.
The major global film capacitor market across Asia-Pacific held the largest share in 2018, contributing to nearly three-fourths of the market and is expected to register the of 2.9% during the forecast period. This is due to growing demand for electric vehicles in the region. The market across Americas is projected to register a CAGR of 1.8% through 2026.
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