Film Capacitor Market Size, Share, Growth Analysis, By Product(AC, DC), By Type(Paper, Plastic), By Industry Vertical(Automotive, Power and Utilities, Consumer and electronics, Telecommunication), By Region - Industry Forecast 2024-2031

Global Film Capacitor Market size was valued at USD 2.5 billion in 2022 and is poised to grow from USD 2.59 billion in 2023 to USD 3.41 billion by 2031, growing at a CAGR of 3.50% during the forecast period (2024-2031).

A film capacitor is an electrical capacitor that uses a thin plastic film as its dielectric. Numerous industries, including consumer electronics, automotive, telecommunications, and manufacturing, use these capacitors. Low self-inductance, long lifespan, and low equivalent series resistance (ESR) are all characteristics of film capacitors. Depending on the desired properties of the capacitor, capacitors can either be metallized or left untreated following film manufacturing. The demand for film capacitors in consumer electronics components, the desire for high temperature film capacitors, and the use of nanolayer film capacitors are all contributing to the growth of the film capacitor market. However, the industry’s expansion is being hampered by the stricter enforcement of industrial and environmental standards as well as by the constrained pricing margins. Additionally, rising use of film capacitors in electric vehicle systems and technological advancements offer significant market growth potential.

Due to their qualities, including low self-inductance, stability, low self-inductance, and low price, film capacitors have become extremely popular across a variety of industries. Depending on the required qualities, these capacitors can either be metallized or left untreated following the production of the films. The need for polyester film capacitors is projected to increase as a result of the increased demand for various consumer electronics, including smartphones, laptops, electric vehicles, and IOT devices, as well as the demand in many other end-use sectors, propelled the market growth.

US Film Capacitor Market  is poised to grow at a sustainable CAGR for the next forecast year.