India Film Capacitor Market - Strategic Insights and Forecasts (2026-2031)

The India Film Capacitor market is forecast to grow at a CAGR of 9.4%, reaching USD 239.70 million in 2031 from USD 152.70 million in 2026.

India's film capacitor market has been experiencing consistent growth due to the continued expansion of the larger electronics manufacturing ecosystem and localization of components, as driven by the Government of India. The Press Information Bureau (PIB) has reported that electronics production in India was valued at Rs 11.3 lakh crore in FY2024–25, a six-fold increase over ten years, with this industry being a major driver of component demand, including capacitors. India’s film capacitor market is also benefiting from rapid expansion in power electronics and grid modernization initiatives. Government data indicates that India added a record 44.5 GW of renewable energy capacity in 2025 (till November 2025), Nearly Doubling Annual Additions, increasing demand for capacitors in inverters, converters, and energy storage systems. Simultaneously, the FAME India scheme and the Production Linked Incentive (PLI) programs are accelerating the adoption of electric vehicles and local component manufacturing. Growth in railway electrification, smart metering, and telecom infrastructure further supports this demand. Increasing focus on energy efficiency standards and domestic value addition is encouraging manufacturers to enhance local sourcing and develop high-performance capacitor technologies.

The South Indian region is expected to grow considerably, driven by strong electronics manufacturing clusters, rising EV investments, and expanding renewable energy projects across states.

• Polyester holds the largest share by film used due to low cost, strong dielectric properties, and widespread use in consumer electronics.

• AC film capacitors are expected to have stable growth in the capacitor type segment due to rising demand in power grids, HVAC systems, and industrial equipment.

• Single-sided metallised film is expected to grow due to cost efficiency, compact design, and increasing adoption in high-volume electronic applications.

• Automotive is expected to grow due to rapid EV adoption, increasing electronic content in vehicles, and the government’s push for domestic manufacturing.

Market Dynamics

Drivers

• Increasing Automotive Production

The growing production of automobiles in India is among the key factors propelling the film capacitor market’s growth. In the automotive sector, the film capacitor plays a crucial role, primarily in zero-emission vehicles like EVs and HEVs. Film capacitors are generally utilized in power electronics and energy storage systems of vehicles, enhancing their overall efficiency.

• The film capacitors are also utilized for power management and filtering in an automobile, as the film capacitors reduce harmonic components and support the DC network by supplying high current for driving the motors. It also ensures enhanced reliability and safety of the vehicles, as the film capacitors offer self-healing properties and can withstand overvoltage.

• The production of automotives in India witnessed major growth over the recent few years. The International Organization of Motor Vehicle Manufacturers (OICA), in its report, stated that in India, the production of automobiles witnessed a growth of about 11% between 2023 and 2025.

• The agency stated that in 2023, a total of 5.85 million units of automotive vehicles were produced in the nation, which surged to 6.02 million units in 2024. In 2025, the total production of automobiles in the nation was recorded at 6.49 million units.

• Additionally, according to the PIB report for August 2025, the country's EV registration was 56.75 lakh by February 2025, along with the Indian Government's plan to achieve 30 percent EV penetration by 2030.

Key Developments

• April 2026: Panasonic Industry India, the Indian subsidiary, continued expansion of its electronic components portfolio, including advanced film capacitors for automotive electrification and renewable energy projects, supporting domestic manufacturing initiatives.

• February 2026: KEMET Corporation (Yageo Group) introduced next-generation film capacitors, designed for high-frequency switching power supplies, improving efficiency and reliability in India’s expanding EV and industrial sectors.

• October 2025: TDK Corporation expanded its India manufacturing footprint, announcing capacity enhancement for film capacitors supporting EV, renewable energy, and industrial applications under its local production strategy.

• September 2025: Vishay Intertechnology launched new high-voltage metallized polypropylene film capacitors, targeting Indian automotive and power electronics markets with improved thermal stability and long operational lifespan.

• July 2025: EPCOS India (a TDK Group Company) advanced localization efforts, increasing production of DC-link film capacitors for inverter and solar applications, strengthening domestic supply chain capabilities.

Market Segmentation

By Film Type: Polyester

By film type, the Indian film capacitor market is segmented into polyester, polypropylene (BOPP), and others. Among these, polyester film capacitors dominate the market due to their low cost, wide availability, and extensive use in consumer electronics and general-purpose applications.

Meanwhile, polypropylene (BOPP) capacitors are witnessing faster growth, driven by increasing demand for high-performance applications such as electric vehicles (EVs), renewable energy systems, and industrial power electronics. The “others” segment, including specialty films, holds a smaller share and caters to niche applications requiring specific performance characteristics. The polyester film segment in India is expected to witness steady growth, supported by its cost-effectiveness, widespread usage in general-purpose electronics, and strong demand from consumer electronics and industrial applications. Polyester capacitors are widely used in applications where moderate performance and affordability are key requirements.

• The growing demand for consumer electronics, appliances, and lighting systems across India is significantly driving the use of polyester film capacitors, particularly in cost-sensitive applications.

• The Government of India launched the ECMS scheme in 2025. The scheme focuses on promoting domestic manufacturing of Printed Circuit Boards, electrical and mechanical components, and camera modules, among others. Against the estimated investment proposals of Rs 59,350 Cr, the Government has received investment proposals of Rs 1.15 lakh Cr.

• Rapid urbanization and rising disposable income are increasing the consumption of electronic devices, thereby supporting demand for polyester-based capacitors in mass-market segments.

• Electronics production increased nearly six-fold from ?1.9 lakh crore in 2014–15 to ?11.3 lakh crore in 2024–25.

• Polyester films are preferred in applications requiring compact size and stable performance at lower costs, making them ideal for general electronics and PCB circuits.

• Expansion of electronics manufacturing in India, supported by government initiatives such as “Make in India,” is boosting domestic demand for polyester film capacitors.

• Increasing use of industrial equipment, power supplies, and automation systems is further contributing to steady demand for polyester capacitors.

• However, polyester films face competition from polypropylene (BOPP) films in high-performance applications due to lower thermal stability and higher losses.

• Growing adoption of energy-efficient and high-frequency devices is gradually shifting demand toward polypropylene capacitors, slightly limiting polyester growth in premium segments.

• Despite this, polyester remains dominant in low-to-mid range applications due to its affordability and wide availability.

• Continuous improvements in film processing and capacitor design are enhancing reliability and extending the application scope of polyester capacitors.

Regional Analysis

North India

By geography, the Indian film capacitor market is segmented into North India, East India, South India, and West India. North India will show significant growth fueled by rapid expansion in industrial establishments. Ongoing advancements in automotive electronics, fueled by increased EV demand in metro cities, have further improved the overall market growth in India.

Strategic efforts and investment in infrastructure upliftment in major industrial states, namely Haryana, Delhi, and Punjab, have played a key role in driving the market’s demand. The North Indian segment is expected to grow steadily, owing to the ongoing industrial automation and infrastructure development.

• Small Hydro Power Development” will bolster hydropower projects in the North region, thereby benefiting film capacitor demand for voltage tolerance. According to the Ministry of New and Renewable Energy (MNRE), as of early 2026, of 21,133.61 MW of India’s SHP potential, nearly 7,978 MW (37.75%) will be distributed in the Northern Region.

• States like Rajasthan have a high installed renewable power capacity of 47,020.54 MW as of March 2026, which further drives the usage scope for film capacitors in North India’s energy sector.

• PLI scheme, SPECS (Scheme for Promotion of Manufacturing of Electronic Components and Semiconductor), and EMC & EMC 2.0 have supported electronics manufacturing in the Northern region, which has transformed the market outlook.

• Improved EV cluster in North India further amplifies the market demand for film capacitors for current handling. Hence, as of early 2026, EV registrations in states like Delhi, Uttar Pradesh, and Rajasthan stood at 6,766 units, 5,353 units, and 5,733 units, respectively.

List of Companies

• Murata Electronics Pvt. Ltd.

• ABB Ltd.

• Schneider Electric SE

• TDK Corporation

• KYOCERA AVX Components Corporation

• Panasonic Corporation

• Vishay Intertechnology, Inc.

• Rubycon Pvt. Ltd

• Nichicon Electronics (India) Private Limited

• Kemet Electronics Pvt. Ltd (Yageo Corporation)

• Würth Electronics Pvt. Ltd

• Rohm Semiconductor India Pvt. Ltd

• Nippon Chemi-Con Private Limited

TDK Corporation is an electronics company with its operations spread across over 250 locations in more than 30 countries. Its four core business segments include Passive Components, Sensor Application Products, Magnetic Application Products, and Energy Application Products. TDK works in major market areas, including the automotive, ICT, and industrial equipment sectors, with its contributions paving the way in green transformation as well as digital transformation.

Renowned for its innovation, TDK uses core technologies, including ferrite materials and process technology, to manufacture high-value-added products such as capacitors, sensors, inductors, HDD heads, and rechargeable batteries. It has also emphasized diversifying its revenue base by growing its business in medium-capacity batteries, expanding its sensor business, and reviving its passive components business.

TDK India Private Limited, the subsidiary of TDK Electronics, is engaged in developing, producing, and selling electronic components for automotive, industrial, consumer electronics, and ICT industries. The company has a robust footprint in India with three factories and five sales offices and employs more than 2,250 people. TDK India manufactures various products such as film capacitors and ferrite cores that are essential for energy, power transmission, and industrial electronics.

India Film Capacitor Market Scope: