Global Market Size, Forecast, and Trend Highlights Over 2025-2037
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.
