Major drivers driving the global fixed capacitors are increased demand by application areas such as high current applications for paper capacitors, A/D converters and motor run for plastic film capacitors, resonant circuit and antenna coupling for ceramic capacitors, Laser and RADAR for mica capacitors, filters and time constant circuits for electrolytic capacitors among others. Revolution in storage technology with the introduction of newer market segments such as smart grids and hybrid electric vehicles (HEV) among others is also acting as a major driver in the global fixed capacitor market.
In addition, supportive government regulations, low transmission losses and need for improved stability and larger demand by niche end user segment is driving the global fixed capacitor market in a positive way. Lack of standardization and high infrastructure cost are the major factors that are restraining market growth. Rapid growth of automation and infrastructure industries is a major opportunity of the global fixed capacitor market.
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Geographically, the global fixed capacitor market is divided into North America, Asia Pacific, Europe, Middle East and Africa and Latin America. Europe is the largest market of the overall fixed capacitor market. Asia Pacific and Middle East are the fastest growing markets owing to rapid industrialization and growth of end user segments. Countries such as India, Japan and China are the fastest growing countries as they are major developing countries with high growth and industrialization in these countries. The use of fixed capacitor is rapidly growing in renewable energy sector and is thus a great opportunity for these fast developing countries.
Major players of the global fixed capacitor market include Toshiba (Tokyo, Japan), ABB Ltd. (Zurich, Switzerland), Epcos AG (Munich, Germany), Alstom SA (Saint-Quain, France), Siemens Energy (Erlangen, Germany), Murata Manufacturing Co. Ltd. (Kyoto Prefecture, Japan), Advanced Capacitor Technologies, Inc. (Tokyo, Japan), Axion Power International, Inc. (Pennsylvania, U.S), EEStor Corporation (Toronto, Canada), FastCAP Systems, Inc. (Massachusetts, U.S), Graphene Energy, Inc. (Texas, U.S), Capxon International Electronic Co., Ltd. (Wanchai, Hong Kong), Kemet Corporation (South Carolina, U.S), Maxwell Technologies, Inc. (California, U.S) and Nesscap Energy, Inc. (Toronto, Canada) among others.