Global paper and plastic film capacitors market to reach $2.6 billion by 2018

The global market for paper and plastic film capacitors is forecast to reach US$2.6 billion by 2018, spurred by growing consumer demand for automobiles, home appliances and products that enable greater connectivity and mobility such as mobile computing devices and smartphones. A recent report by Global Industry Analysts, Inc. (GIA) provided an comprehensive overview on  the prospects of paper and plastic film capacitors. The report indicates that increasing sophistication and processing capabilities, as well as convergence of intelligent electronic devices with high-end microprocessors, will also fuel demand for capacitors. In the near term, higher proliferation of electronic devices pursuant to economic recovery in the developed and developing markets will keep up the momentum in the global capacitors market. 

The capacitors (condensers) industry is a large, rapidly growing and highly competitive segment of the passive electronicscomponents industry, with factors such as pricing, product quality, engineering specifications, diversity of offerings, and customer service playing key differentiators for local and global vendors. Capacitors are rapidly expanding their significance in the global marketplace by enhancing the functionality of electronic products such as digital cameras, HD/LCD televisions, and other consumer electronic devices, as well as serving a critical role in products where electronics subsystems are beginning to gain prominence in various industrial applications. Evolving from large-sized energy storage devices, capacitors are gradually improving not only with regard to their functionality and processing power but also in terms of their size. Film capacitors are carving out a specific market for themselves as a result of the developments in the capacitor manufacturing processes. Significant improvements in metalizing techniques are enhancing the efficient use of new ultra thin dielectric substrates providing manufacturers wider range of materials, production methods, and design tools.

Being an essential component of passive electronic components and circuits market, the fortunes of the global capacitors industry primarily depend on the electronic products market. Post recession, demand for capacitors is expected to soar in the near term due to innovations in the industry including advanced GPS devices, alternate energy systems, electronic controls for industrial machines and engines, hybrid transportations solutions and medical equipment. Demand for surface-mount capacitors such as electrolytic, film, multilayer ceramic, solid aluminum capacitors, paper, tantalum capacitors, is expected to outstrip that of all other capacitor segments in the US and global markets due to the sheer breadth of end-use applications for these units. The growing market for auto electronics, renewable energy generation systems, hybrid electric vehicles, and industrial power solutions, is anticipated to accelerate sales of electrolytic, paper and film capacitors.

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