Aug 31, 2017   SOURCE: BusinessWire

Film Capacitor Market - Trends and Forecasts by Technavio

Technavio’s latest report on the global film capacitor market provides an analysis of the most important trends expected to impact the market outlook from 2017-2021. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.

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Technavio has published a new report on the global film capacitor market from 2017-2021. (Graphic: B ...

Technavio has published a new report on the global film capacitor market from 2017-2021. (Graphic: Business Wire)

One of the major factors that have driven the growth of the global film capacitor market is the increasing number of technological advances that are occurring from an industrial perspective. Some of the major developments include industrial Internet of Things (IIoT) and the development of new and efficient industrial equipment.

Raghu Raj Singh, a lead analyst from Technavio, specializing in research on embedded systems sector, says, “IIoT involves M2M communication-enabling devices that can eliminate human-to-human or human-to-computer interactions. IIoT integrates machine learning and big data technology with harnesses sensor and actuator data. This enables the operators in industries to effectively pick up on inefficiencies and solve problems much faster during the production process.”

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The top three emerging trends driving the global film capacitor market according to Technavio research analysts are:

  • Development of smart grids
  • Increasing demand for high-temperature film capacitors
  • Introduction of nanolayer film capacitors

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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. These components include transmission lines, generators, transformers, smart meters, smart appliances, and energy-efficient devices.

“One of the major benefits of using a smart grid is the ability to manage the power supply during a blackout. A blackout occurs when there is a fault in the electrical line or equipment, which results in the disruption of electrical supply. Blackouts can have severe effects on communication systems, traffic signals, security systems, and banking systems,” according to Raghu.

Increasing demand for high-temperature film capacitors

Film capacitors have the self-healing capability, which is beneficial to any electrical system as it prevents the circuit from getting damaged and allows for the continuous operation. Many applications, such as drilling and mining, require machines that work at extremely high temperatures.

Many electronic devices, such as power correction systems and high-performance power conditioning equipment, are used in the avionics and aerospace sectors. These devices require capacitors that can work at elevated temperatures. Discrete capacitors, such as electrolytic capacitors and tantalum capacitors, can get damaged due to high temperatures.

Introduction of nanolayer film capacitors

In nanolayer film capacitors, the width of the film (dielectric) layer is some nanometers. Nanolayer cells have been introduced that can handle up to 150ºC. One of the most important features of a capacitor is the dielectric strength of the material. For improving the dielectric strength, it is necessary to improve the energy density of the dielectric.

An increase in the energy density is also necessary to reduce the overall size of the component. Also, film capacitors should be operable at higher temperatures. This makes them useful in industrial applications. A nanolayer dielectric can provide both these features. It has a high energy density, which is a required feature while developing next-generation capacitors.

The key vendors are as follows:

  • Cornell Dubilier Electronics
  • KEMET
  • NICHICON
  • Panasonic
  • TDK
  • XIAMEN FARATRONIC

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