Film Capacitor Market Share

North American Market Forecast

The North America film capacitor market is poised to gather the largest revenue share of about 30% during the forecast period. Growing demand for hybrid vehicles is projected to dominate the market expansion in North America. For instance, in 2022, there were approximately 850,000 plug-in hybrid electric vehicles on the road in the US. The biggest market share belongs to the US. The popularity of these vehicles has surged in the area due to benefits such as government subsidies for vehicle purchases, infrastructure improvements, parking concessions, and fuel savings. Hence, this has further increased the market revenue in this region.

European Market Analysis

The Europe film capacitor market is also projected to have significant growth during the coming years. There has been a surge in investment in cutting-edge technology in this region which has further boosted the demand for film capacitors. Additionally, there has been growth in the adoption of IoT in this region. Moreover, although the only robotic device for consumers to truly take off to date is this one in this region, other goods powered by drones and sophisticated robotics technology are going to debut and be integrated into the Internet of Things. Given this, manufacturers of film capacitors that target application-specific and value-added market niches find the Internet of Things robotics component intriguing in this area.