Press Release

India Electrical Capacitor Market to be led by Growing Renewable Energy Sector through 2029

Increasing Energy Demand & Grid Expansion driving the implementation of the Electrical Capacitor in the Indian market.

According to TechSci Research report, “Electrical Capacitor Market – India Industry Size, Share, Trends, Opportunity, and Forecast, 2019-2029F”, The India electrical capacitor market is a vital component of the country's electrical infrastructure, playing a crucial role in the efficient functioning of various electrical systems and devices. Electrical capacitors are passive electronic components that store and release electrical energy when needed. They find extensive use in a wide range of applications, including power generation and distribution, electronics manufacturing, consumer electronics, and automotive systems. As India experiences rapid industrialization, urbanization, and infrastructural development, the demand for electrical capacitors has been steadily increasing. The factors driving this demand include the need for reliable power supply, the growing renewable energy sector, and the expanding automotive and electronics industries.

In the context of power generation and distribution, electrical capacitors are essential for power factor correction, which helps optimize energy efficiency and reduce electricity costs. Capacitors also play a pivotal role in stabilizing voltage levels and minimizing power losses during transmission and distribution. With India's increasing focus on renewable energy sources like solar and wind power, capacitors are used to smooth out fluctuations in electricity supply, ensuring a consistent and reliable grid.

Moreover, the burgeoning automotive sector in India relies on capacitors for applications such as engine control units (ECUs), lighting systems, and electric vehicle (EV) charging infrastructure. As the country moves toward cleaner and more efficient transportation solutions, the demand for capacitors in the automotive industry is set to rise further. In the realm of consumer electronics and appliances, capacitors are integral components in devices ranging from air conditioners and refrigerators to smartphones and laptops. These capacitors enhance the performance and energy efficiency of these products, contributing to a better consumer experience.

Despite the promising growth prospects, the India electrical capacitor market faces its share of challenges. These include the need for technological advancements to meet the evolving demands of industries, ensuring compliance with stringent quality standards, and managing the environmental impact of capacitor manufacturing processes. However, as India continues to develop and modernize its infrastructure, the electrical capacitor market is poised for expansion, driven by the imperative of efficient energy usage and the increasing integration of electronic components into various facets of daily life and industry.

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on the "India Electrical Capacitor Market"

India electrical capacitor market is segmented into product type, application. Based on product type, the market is segmented into electrolytic capacitor, film capacitor, ceramic capacitor, and others. Based on application, the market is segmented into consumer electronics, telecom, IT hardware, industrial, and others.

Based on product type, the film capacitor segment dominated the India electrical capacitor market in 2022 and is expected to maintain its dominance during the forecast period. Film capacitors are highly versatile and find extensive application in various industries, owing to their exceptional electrical properties and reliability. These capacitors utilize a thin plastic film as the dielectric material, offering advantages such as high insulation resistance, low dielectric losses, and excellent self-healing properties. These attributes make film capacitors ideal for a wide range of applications, including power factor correction, motor run and start, lighting ballasts, and electronic circuitry. The dominance of film capacitors can be attributed to their ability to meet the diverse needs of industries like manufacturing, consumer electronics, and renewable energy. They excel in applications where stable capacitance values and long-term reliability are essential. Moreover, as India places increasing emphasis on energy efficiency and sustainability, film capacitors play a pivotal role in power factor correction and renewable energy systems, further bolstering their significance.

Key market players in the India electrical capacitor market include:

  • EPCOS India Pvt. Ltd.
  • Globe Capacitors Limited
  • Deki Electronics Limited
  • Keltron Component Complex Limited
  • Desai Electronics Private Limited
  • Vishay Components India Private Limited
  • Murata Electronics (India) Private Limited
  • KYOCERA Asia Pacific (India) Pvt. Ltd.
  • Panasonic India Pvt. Ltd.
  • Rubycon Singapore Pte. Ltd.

Download Free Sample Report

Customers can also request 10% free customization on this report.

“West region is projected to experience the highest compound annual growth rate (CAGR) during the forecast period. This projection is emblematic of the region's economic dynamism and industrial prowess. Mumbai, known as the financial capital of India, houses a myriad of financial institutions and corporate entities that heavily rely on electrical capacitors for power factor correction, voltage stabilization, and energy efficiency. Furthermore, the city's thriving information technology and services sector amplifies the demand for capacitors in ensuring seamless operations and safeguarding critical IT infrastructure.

Pune, a burgeoning industrial and manufacturing hub, is a key contributor to the region's dominance in the electrical capacitor market. The automotive, engineering, and manufacturing sectors in Pune depend on capacitors for motor operations, power quality enhancement, and optimal utilization of electrical resources. Additionally, Western India's strategic significance as a major transportation and logistics nexus underscores the critical role of capacitors in maintaining the reliability and efficiency of supply chain operations. As the Western region continues to drive India's economic growth and technological advancements, the demand for electrical capacitors across diverse industries is set to surge, solidifying its position.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based Global management consulting firm.

“India Electrical Capacitor Market Segmented by Product Type (Electrolytic Capacitor, Film Capacitor, Ceramic Capacitor, and Others), By Application (Consumer Electronics, Telecom, IT Hardware, Industrial, and Others), By Region, Competition, Forecast & Opportunities, 2019-2029”, has evaluated the future growth potential of electrical capacitor and provides statistics and information on market structure, size, share, and future growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the India electrical capacitor market.

Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
 [email protected]

Relevant News