The global paper and plastic film capacitors market reached a value of xx million US$ in 2018, growing xx% over the previous year. Market analysis indicates that this growth is expected to continue, with an anticipated CAGR of 4% for the period 2019-2028.
A capacitor is a passive two-terminal electrical component. It can store charge, and there are many different types of capacitors depending on their dielectric material (or insulator), size (capacitance), voltage rating, insulation type, shape, and manufacturing process. Paper or plastic film capacitors are one such form of capacitor that stores electric charges in an alternating electromagnetic field between layers of paper or plastic separated by a thin layer of mica or another dielectric medium. These devices mostly have low axial lead lengths to reduce inductance. They differ from electrolytic capacitors which use the chemical properties of some liquids as the main method for storing charge instead of using the changing fields around conductors like air; also they do not use film.
On the basis of type, the paper and plastic film capacitors market is segmented into paper or plastic film.
Paper film capacitors are low-priced, small size power capacitor that is used in consumer electronic equipment. The paper is a dielectric material and the film is a metal conductor within this type of capacitor. Paper has been widely adopted as an economical alternative to aluminum foil for producing paper capacitors because it's cheaper and easier to produce than aluminum foil. On top of its cost advantage, there are also other benefits like thermal stability (paper doesn't vaporize when heated) and high resistance against humidity or water absorption which makes them suitable for use in devices such as washing machines or refrigerators where they can be exposed to moisture without causing damage.
A plastic film capacitor is a type of electronic component that consists of three sheets constructed on top of each other. This construction allows the electric field to be concentrated in one direction, which reduces their resistance and increases capacitance. The bottom sheet is called the base plate or dielectric layer, while the middle layer is made up of alternating layers of metal foil and insulation (paper). Finally, there’s an uppermost metallic electrode with a dielectric material applied between it and the previous surface. When voltage passes through this multilayered sandwich-style structure, charges are drawn onto its electrodes as if they were water being poured into a glass container until it reaches capacity.
On the basis of application, the global paper and plastic film capacitors market is segmented into power converters, UPSs, solar inverters, and motor drives.
Paper and plastic film capacitors are more commonly used in power converters due to the fact that they have a higher voltage rating, which makes them better suited for use with high-voltage parts. The paper variety has an advantage over its plastic counterparts because it’s less susceptible to damage from heat or static discharge.
The paper and plastic film capacitors application in UPSs is primarily used for power factor correction. The capacitor helps to reduce the amount of reactive power, thereby improving the quality of electricity supplied by a utility company. It also improves energy efficiency within an electrical circuit and lowers line losses as well as voltage drops along wires between generating stations and substations on long transmission lines.
The application of paper and plastic film capacitors in solar inverters is to provide a short-term storage mechanism for the large, high-frequency AC currents that are generated by photovoltaic panels. The power converters within the system convert these currents into direct current (DC) so they can be stored on an onboard battery.
The paper and plastic film capacitors are used to provide power for electric motors. The capacitor stores the charge, while also blocking any current flow if the voltage is lost from a circuit. This is important as it helps protect other components in an electrical system like computers by preventing them from becoming damaged when there's a sudden surge of electricity that comes out of nowhere. Capacitors can be found in many electronic devices such as TVs, radios, peripherals, keyboards, and mice, etc., which store enough energy to keep running during short-term interruptions at lower voltages before powering down automatically or being switched off manually.
On the basis of region, the global paper and plastic film capacitors market is segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW).
Europe is projected to register the highest CAGR among all regions in paper and plastic film capacitor market due to manufacturing investments by key players such as TEAPOTM (PTC) with presence across Europe along with increasing adoption of electronics devices coupled with stringent regulatory mandates on emissions & safety standards hampering from fossil fuels are driving this region's prospects over the coming years. The Middle East & Africa will be one of the fastest-growing markets owing primarily to its regional economic development and industrialization leading to increased demand for electronics.
The Asia Pacific will be the fastest-growing region in the paper and plastic film capacitors market due to its rising industrial sector growth, an increasing number of manufacturers as well as dense urbanization coupled with evolving consumer preference towards electronic devices such as mobile phones which are driving this segment's prospects over the coming years.
North America is projected to register a marginal CAGR owing primarily to stringent regulatory mandates on emissions & safety standards hampering from fossil fuels that drive this region's prospects over the coming years. Latin America is expected to grow at a moderate pace with fluctuation in economic cycles across various countries leading it high volatility potential throughout the past decade along with lack of investment opportunities hampering regional outlooks over the next few decades remains limited.
The growth of the global paper and plastic film capacitors market is largely driven by its rising demand for power converters, UPSs, solar inverters, and motor drives. Moreover, as a substitute for a ceramic chip-based capacitor (CCB) which undergoes reliability issues due to extreme temperature changes and high voltage spikes; this type of product has been gaining traction in industrial applications such as power conditioning equipment. Paper or plastic films are also used when it comes to low-frequency requirements with higher insulation demands than CCBs can offer. The markets have seen an increase not just because they are cheaper but because they do not contain any toxic chemicals that may be released into the environment over time like lead oxide gas found on a CCB during the process of capacitor dielectric breakdown.
Rising demand for power conversion devices such as inverter drives is the key factor driving the growth of this market. Moreover, technological advancements in capacitor materials have led towards new products which offer significant advantages over conventional options like the ease of installation or durability.
Mass production, rising demand for energy storage devices, and technological advancements will drive growth in this industry. It also highlighted some key players operating in the paper and plastic film capacitor market such as Panasonic Corporation (Japan), TDK Corporation (Japan), Nippon Chemi Con Company Ltd., Nichicon Corporation (Japan) among others.
Up Market Research published a new report titled “Paper and Plastic Film Capacitors Market research report which is segmented by Types (Paper, Plastic), By Applications (Power Converters, UPS, Solar Inverters, Motor Drives, Other), By Players/Companies Yageo, Maxwell Technologies, Vishay Intertechnology, Murata Manufacturing, NEC Tokin, Nichicon, NIPPON CHEMI-CON, Rubycon, AVX, Panasonic, Samsung Electro-Mechanics, Taiyo Yuden, TDK, Dekiel Ectronics”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
|Report Attributes||Report Details|
|Report Title||Paper and Plastic Film Capacitors Market Research Report|
|By Type||Paper, Plastic|
|By Application||Power Converters, UPS, Solar Inverters, Motor Drives, Other|
|By Companies||Yageo, Maxwell Technologies, Vishay Intertechnology, Murata Manufacturing, NEC Tokin, Nichicon, NIPPON CHEMI-CON, Rubycon, AVX, Panasonic, Samsung Electro-Mechanics, Taiyo Yuden, TDK, Dekiel Ectronics|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||231|
|Number of Tables & Figures||162|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Paper, Plastic and By Application Power Converters, UPS, Solar Inverters, Motor Drives, Other.
Some of the companies that are profiled in this report are:
Paper and Plastic Film Capacitors Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Paper and Plastic Film Capacitors Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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