In Class 12 Physics (Electromagnetic Waves), the concept of Displacement Current is one of the most brilliant mathematical discoveries in human history. Discovered by James Clerk Maxwell, it fixed a glaring error in the laws of physics and proved that light itself is an electromagnetic wave!
Why is this so important? Because displacement current proves that a changing electric field creates a magnetic field, and Faraday proved a changing magnetic field creates an electric field. This endless loop of creating each other allows energy to travel through the empty vacuum of space as a self-sustaining Electromagnetic Wave (Light)!
Ampere's Circuital Law stated that a magnetic field is produced only by moving electrical charges (conduction current in a wire). However, Maxwell noticed a huge problem when looking at a charging Capacitor (two parallel metal plates with an empty gap of air between them).
Maxwell realized that while there is no physical wire between the capacitor plates, as the plates charge up, the Electric Field (Flux) in that empty space is rapidly increasing (changing over time).
Definition: The current that comes into existence, not because of flowing electrons, but purely because of a rapidly changing electric field (or electric flux) in a region of time and space, is called Displacement Current ($I_d$).
He proved: A changing Electric Field produces a Magnetic Field.
Maxwell corrected Ampere's formula by adding his new displacement current to the normal conduction current ($I_c$).
The new total current = $I_c + I_d$ The formula for displacement current is: $I_d = \varepsilon_0 \frac{d\Phi_E}{dt}$ (Where $\varepsilon_0$ is permittivity, and $d\Phi_E/dt$ is the rate of change of electric flux).
Displacement current is not a real current in the traditional sense, because no actual electrons are moving. It is a mathematical equivalent; it produces the exact same magnetic effect in empty space as a real wire current would.
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