Film Capacitor Industry - Regional Synopsis
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.
