France Electric Capacitor Market - Forecasts from 2022 to 2027

France electric capacitor market is estimated to be valued at US$308.960 million in 2020. Electric capacitors are electronic components that store and release electricity. A capacitor is almost usually included in an electrical circuit because it is a necessary component of electronic equipment. Because of its simple charging and discharging characteristics and lightweight, it has effectively supplanted traditional batteries. With the growth of technology, capacitors have become a crucial component in the construction of all most every electronic gadget. Rising consumer and wearable electronics demand, as well as increased use of thermoplastic capacitors in industrial and electrical equipment, has boosted the capacitor market in this region. With the increasing use of automation in various industries, the need for electric capacitors would rise.

Market Trend

Electric capacitors are a vital part of a circuit designer's inventory because they offer low size, high capacitance, and low cost compared to other capacitors. France's market growth will be boosted by changing trends toward energy-efficient technologies, as well as aggressive government efforts to cut emissions. Increased attempts to promote electric mobility, as well as federal subsidies to stimulate the adoption of renewable energy systems, will also help the business flourish. The electric capacitor industry is rising due to its extended service life and low cost. On the market, there is a plentiful supply of raw materials, as well as diverse construction and connection kinds and a highly automated manufacturing process. Limited energy storage, on the other hand, may restrict market expansion due to its poor energy capacity. If electric capacitors are not mounted correctly, they will not attain the suitable capacitance and may cause internal gas pressure, resulting in an explosion; due to these limitations, market expansion may be hampered. Electric capacitors are also an essential component in circuit design since they can give high capacitance for a small-size capacitor if positioned appropriately. Due to increased consumer durable demand, the need for electric capacitors is predicted to increase rapidly, thus creating opportunities in the electric capacitor market. In comparison to the European market, according to the Observatory of Economic Complexity (OEC), France's export value stands at $18.3M & imports at $43.1M and stands 8th in Europe.

Growth Factors

Rise of electric vehicles

For high-density power supply, electrolytic capacitors are utilized in electric vehicles, and aluminium electrolytic capacitors are favoured due to their remarkable efficiency. This is why, as the use of electric vehicles grows, the aluminium electrolytic market is expected to grow at a rapid pace during the forecasted period. Growing awareness of concerns about vehicle emissions, such as CO2, cheaper operating and maintenance costs, and more government and environmental agency initiatives to encourage the adoption of electric vehicles will all contribute to the region's high-performance electric vehicle market's growth.

Electronic device miniaturization:

Miniaturization of electronic equipment, such as mobile phones, medical gadgets, touch screens, displays, and other electronic devices, is becoming more popular. Miniaturized electronic devices are being manufactured to increase product sophistication, performance, and market penetration for manufacturers. As a result of this, as electronic devices become smaller, the need for aluminium electrolytic capacitors is increasing, and the aluminium electrolytic market is expected to rise at a faster rate throughout the projected period.

Growth of supercapacitors

According to the international trade journal, the French railway budget has also been increased to aid in the recovery of the French economy post-COVID-19.  In the supercapacitor sector, railways and hybrid buses play a key role. With the increased deployment of metro trains in metropolitan areas, safety, efficiency, energy conservation, power quality, and freight wagon tracks are becoming more critical. As a result, the demand for supercapacitors in trains is increasing. In the automotive sector, supercapacitors are used for power recovery and dynamic brake energy storage, among other things.

Restraint

Capacitor Manufacturing Costs: Fixed and Variable:

Vendors focus primarily on variable costs, such as raw materials, labour, variable overhead, and variable manufacturing expenses, to improve profitability.  As for supercapacitors, the use of activated carbon to cover the electrodes accounts for around half of the materials' cost. Leading industry titans are focusing on ways to reduce material costs reduction to achieve better results. 

Key Developments

The B43548 series of EPCOS aluminium electrolytic capacitors with Snap-on terminals were introduced by TDK Corporation in February 2021. The capacitors' maximum ripple current capability is 9.80 A. As a result, they're perfect for power electronics applications that require great performance. The capacitors have a maximum operating temperature of 105°C, a rated voltage range of 400 V to 500 V, and a useful lifetime of 3000 hours under these conditions.

Impact of COVID-19 Pandemic:

The COVID-19 pandemic impacted the electric capacitor market by putting a hold on imports and export. Plus, manufacturing units were shut down, and sales declined during the period. With the France economy coming back to normal and sales and demand picking up, the France electric capacitor market is anticipated to grow in the forecasted period.

Market Segmentation:

By Type

• Aluminum
• Ceramic
• Tantalum
• Paper & film
• Supercapacitor

By Polarization

• Polarized
• Non-Polarized

By Voltage

• High
• Low

By Industry vertical

• Consumer Electronics
• Automotive
• Communication & Technology
• Energy & Power
• Industrial Electronics
• Others