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Metallized Film Capacitors (MFC) are vital devices in many important fields such as energy, transportation, and aviation, whilst Digital Twin (DT) technology opens a new channel to leverage existing data resources of metallized film capacitors. This paper review current knowledge about metallized film capacitors and digital twin, list the key issues, propose frameworks, and provide the outlook to clarify the potential of digital twin’s application in metallized film capacitors. First, based on the development history and research status of metallized film capacitors, this review sorts out the key research issues of data utilization. Then, the connotation and typical characteristics of the digital twin definition are combed and refined, and the typical architecture of digital twin implementation is presented. Furthermore, the overall application architecture of digital twin in metallized film capacitors is constructed, and the technology system of each application scenario and the role of digital twin are analyzed. Finally, the main challenges in the application of the digital twin in metallized film capacitors and the future development directions are discussed. This review promotes the performance improvement, cost reduction and application expansion of metallized film capacitors, which can be used as a guide for the application of digital twin in other power equipment of energy system.