The global film capacitor market is expected to decline at a CAGR of 1.4% during the period 2017-2021.
The report, Global Film Capacitor Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market.
One trend in the market is 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.
According to the report, one driver in the market is increasing investments in R&D. The lack of product differentiation in the global film capacitor market has compelled vendors to identify new materials that can be used as the dielectric, which will increase the capacitance value of film capacitor. Therefore, many vendors in the market are focusing on R&D to identify new products and materials to manufacture the dielectric for film capacitors that can be used in a variety of next-generation applications such as artificial intelligence (AI), robotics, machine learning, and quantum computing.