Global Film Capacitor Market
Cross Analysis of Application W.R.T. Product Type (USD Million), 2024-2037
Cross Analysis of Application W.R.T. Product Type (USD Million), 2024-2037
Cross Analysis of Application W.R.T. Product Type (USD Million), 2024-2037
Cross Analysis of Application W.R.T. Product Type (USD Million), 2024-2037
Cross Analysis of Application W.R.T. Product Type (USD Million), 2024-2037
Cross Analysis of Application W.R.T. Product Type (USD Million), 2024-2037
Cross Analysis of Application W.R.T. Product Type (USD Million), 2024-2037
Film Capacitor Market size is evaluated at USD 3 billion in 2024 and is projected to reach USD 4.6 billion by the end of 2037, growing at a CAGR of 3.3% during the forecast period, i.e., 2025-2037. In 2025, the industry size of film capacitor is assessed at USD 3.1 billion.
The market is likely to witness significant expansion due to increasing demand for film capacitors in industries such as consumer electronics, automotive, industrial machinery, and renewable energy systems. The surging demand for electric and hybrid vehicles, along with an increasing rate of usage of automotive electronics and the inception of self-drive technology, further accelerated the growth in the automotive sector of film capacitors. Moreover, increasing energy efficiency and augmentation of renewable energies are other factors propelling the market growth.
Companies in the film capacitor market are focusing on developing miniaturized and high-efficiency film capacitors in order to fulfill new requirements posed by state-of-the-art electronic devices. For example, in March 2023, Cornell Dubilier Electronics, Inc. announced its 944L Series of low inductance, high current DC link film capacitors designed to enable high-frequency switching inverter and converter applications. Due to the significant demand for green energy inverter systems and Level 3 EV chargers, power conversion circuits need to provide more power in an ever-shrinking footprint. As a result, these factors create new opportunities for film capacitor manufacturers.
Government regulations and initiatives have also begun to play an important role in the film capacitor market. For example, in March 2023, the European Commission outlined a set of policy recommendations aimed at accelerating the uptake of electricity storage within the European Union. This type of regulative support, in line with continuous technological advancements and growing requirements from end user industries, is likely to be instrumental in creating a favorable environment for the long-term growth of the film capacitor market.
Growth Drivers:
Challenges:
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
3.3% |
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Base Year Market Size (2024) |
USD 3 billion |
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Forecast Year Market Size (2037) |
USD 4.6 billion |
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Regional Scope |
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Product Type (AC, DC)
The AC segment is likely to dominate the film capacitor market by holding approximately a 54.7% share during the forecast period and is projected to record a CAGR of 3.4% from 2025 to 2037. The increasing need for AC film capacitors in power transmission and distribution infrastructure, industrial drives, and motor-run capacitors in white goods manufacturing is contributing to its growth. For instance, in June 2024, SABIC announced that it had presented with customers the world's first commercial use of its high-heat ELCRES HTV150A dielectric film at PCIM Europe 2024. This further underline how fundamental advanced materials are in powering future growth for AC film capacitors.
Material Type (Paper Film Capacitors, Plastic Film Capacitors, Polyester, Polypropylene, Polyimide, Others)
The plastic film capacitor market projected to dominate over 58.6% revenue share by 2037, growing at a CAGR of 3.4% from 2025 to 2037. This increase in this segment's growth is supported by rising demand from consumer electronics, automotive electronics, and industrial applications. This is also being driven by the increasing adoption of renewable energy sources, such as solar and wind power, contributing to an increase in the use of plastic film capacitors within power electronics applications.
In May 2021, New Yorker Electronics issued its CDE-Illinois capacitors with low-profile metalized polypropylene film dielectrics, offering high capacitance from 33 to 220μF and up to 1,440 WVDC over a temperature range of -40°C to 85°C. These capacitors can be applied to substantial, different uses such as DC links, electric heaters, motor drives, induction heaters, UPS systems, and solar and wind power inverters; these have additionally supported the growth of the plastic film capacitors segment.
Application (Electronic Circuits, Radio Frequency Interference Suppression, Lighting Ballasts, Damping & Snubber Circuits, Others)
The electronic circuits segment in the film capacitor market is set to hold revenue share of more than 25.1% by 2037. This demand for film capacitors in electronic circuits is expected to rise at 4.1% CAGR during 2025-2037. The growth is attributed to high usage of film capacitors in developing consumer electronics and industrial applications since their inherent features make them highly suitable for high-temperature environments and automotive electronic units.
In March 2023, Panasonic Holdings Corporation revealed the development of a color reproduction technology in color crosstalk suppression. Utilizing the electrical pixel separation technology and thinning the photoelectric conversion layer using the high light absorption rate of Organic Photoconductive Film (OPF) displays another use case of film capacitors in driving advancements in consumer electronics. The dominance and accelerated growth of electronic circuits underline the increasing role that film capacitors are playing in electronic devices and industrial applications.
The electronic circuits segment is poised to dominate the film capacitor market, with a projected share of 25.1% during the forecast period. This remarkable growth can be attributed to the increasing demand for film capacitors in consumer electronics and industrial applications, where their high reliability and long life make them well-suited for high-temperature environments and automotive electronic units.
Our in-depth analysis of the film capacitor market includes the following segments:
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Product Type |
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Material Type |
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Application |
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End use Industries |
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APEJ Market Statistics
Asia Pacific excluding Japan is anticipated to hold film capacitor market share of more than 52.1% by 2037, driven by the boost in the consumer electronics segment, growing usage of electric vehicles, and the rising influence of renewable energy sources. In APEJ, China represents a significant market for film capacitors, holding a dominant share.
China’s film capacitor industry is anticipated to maintain a share of approximately 45.1% from 2025 to 2037. As per the government of China, it is estimated that auto production will reach 30 million units in 2020 to 35 million units by 2025, consequently surging demand for film capacitors. This reportedly expected growth in the automotive sector is likely to retain the dominance of China in the APEJ film capacitor market. However, India also shows promise as an emerging market for film capacitors in the APEJ region and is projected to grow steadily during the forecast period.
In 2024, India held a share of around 14.1% of APEJ's film capacitor market revenue. Propelling this growth, in May 2024, TDK Corporation collaborated with GDC-IIT Madras to announce the TDK India Incubation Centre's Accelerator Program 2024 aimed at driving innovation in the Healthcare Technology and Diagnostics sector through close collaboration with Indian STEM university researchers and startups. The said strategic initiative squares with the expanding role that India is playing in the region.
North America Market Analysis
In 2024, the North American region contributed 14.6% to the global film capacitor market share, amounting to USD 441.5 million. Canada’s market accounts for approximately 15.7% of the North American market's revenue. The key drivers behind this are technological advancement, growing demand for electric vehicles, and renewable energy installations.
The United States remains the largest market for film capacitors and is expected to be the most dominant regional market. In 2024, the U.S. accounted for approximately 84.3% share. This strong growth in the U.S. film capacitor market is driven by the steady growth of consumer electronics retail revenue in the country. Based on a report by the Consumer Technology Association, U.S. consumer electronics market retail revenue has continually increased since 2012 and reached USD 485 billion in 2023. Increasing demand for consumer electronics and increasing adoption of electric vehicles and renewable energy technologies strongly fuel growth in the U.S. film capacitor market.
The film capacitor market is highly competitive, with multiple key players competing to increase their market share. Key players in the industry include Vishay Intertechnology, TDK Corporation, Panasonic Corporation, KEMET Corporation, and AVX Corporation. These companies are vigorously involved in research and development activities to launch new products in the market and increase their geographical footprint. Besides that, these companies are going forward and making strategic alliances and joint ventures to pool resources, expertise, and market reach so that opportunities emerging at different market levels can be capitalized on.
In a notable development, Toray Industries announced in June 2023 its plans for a production capacity increase for its Torayfan biaxially oriented polypropylene film at its Tsuchiura Plant located in Ibaraki Prefecture, Japan. This would be significantly propelled by the ever-increasing demand for film capacitors, essentially in the automotive sector, where quality technologies are realized from thinness to voltage resistance. The move underscores the initiatives consuming leading companies in expanding their output capacity to meet rising demands for film capacitors used in a variety of applications. Some key players in the film capacitor market include:
Author Credits: Abhishek Verma
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