Global Aluminium and Film Capacitor Market – Analysis By Capacitor Type, Energy, Industry Verticals, By Region, By Country (2022 Edition): Market Insights and Forecast with Impact of COVID-19 (2023-2028)
Executive Summary
According to Azoth Analytics research report, the Global Aluminium and Film Capacitor market is expected to increase at a decent pace in the forecast period as the market is expected to reach a value of USD 12.64 Billion by 2028.
The demand for aluminium electrolytic capacitors will witness a rise during the forecast period owing to an increase in the demand for consumer electronics worldwide. Furthermore, the increasing penetration of electronics in the automotive industry and the budding automation in manufacturing industries will further propel the market in the coming years.
Due to its ability to maintain capacitance values for longer periods of time, film capacitors are being used in production at an increasing rate throughout the world. These capacitors are renowned for having a low failure rate and a longer shelf life. Numerous businesses have been introducing fresh, cutting-edge items into the market in response to the increasing demand, which is further projected to support market expansion.
The Aluminium and film capacitor market is largely driven by the surging demand for quality capacitors, in the electronic, telecommunication, and automotive industries. Also, the deepening trend of miniaturization in the electronic devices sector and shifting end-user inclination from ceramic capacitors is estimated to bolster the demand for both types of capacitors in the coming years.
Scope of the Report
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