Press Release

Supercapacitors Market in India Set to Grow at CAGR 16% till 2022

Declining production cost, expected arrival of domestic supercapacitor manufacturers and growing awareness about the potential of supercapacitors anticipated to propel India supercapacitors market through 2022

According to TechSci Research report India Supercapacitors Market By End User, By Type, By Capacitance, Competition Forecast & Opportunities, 2012 – 2022”, the supercapacitors market in India is projected to grow at a CAGR of 16%, in value terms, during 2017-2022. Backed by continuously declining cost of production, increasing adoption among end users and government’s aggressive plans aimed at promoting e-vehicles in the country, India supercapacitors market is expected to register a robust growth in the coming years. Moreover, growth in consumer electronics market due to expanding middle class and as well as per capita income levels is anticipated to boost demand for supercapacitors in India during the forecast period.

Browse 2 market data Tables and 27 Figures spread through 92 Pages and an in-depth TOC on "India Supercapacitors Market"

https://www.techsciresearch.com/report/india-supercapacitors-market/1370.html

Supercapacitors are a specially designed electric device with very high capacitance and low voltage. They are used to store extremely high electric power with properties for quick charge and discharge. Owing to these properties, supercapacitors are widely used in consumer appliances (laptops, TVs, smartphones, cameras, GPS devices, RFID readers, etc.), energy (solar, wind, storage) and automobiles (fully and hybrid electric vehicles, regenerative braking systems). With the evolution of several technologies, supercapacitors’ applications are also expected to expand to numerous new domains in future.

 

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According to Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm, “Compared to other major economies, the market size of supercapacitors in India is significantly smaller. However, there are several fundamental factors that would aid the growth of the market in the future. Some of the major challenges hindering the growth of supercapacitors market in India are a near-complete reliance on expensive imports, lack of a conducing ecosystem to support the growth of a new technology and a relatively low degree of awareness among potential end-users. Nevertheless, the market is expected to witness brighter day ahead with domestic manufacturers expected to foray into India supercapacitors market.”

India Supercapacitors Market By End User, By Type, By Capacitance, Competition Forecast & Opportunities, 2012 – 2022has evaluated India supercapacitors market and has provided statistics and information on market structure, competitive landscape, industry behavior, key challenges and drivers. The report includes market estimations and forecasting for supercapacitors in different end-user sectors and market share by form and capacitance. The report is intended to provide cutting-edge market intelligence and help existing and prospective stakeholders (manufacturers, suppliers, distributors and investors) make informed decisions. Besides, the report also identifies and analyses key emerging trends that are expected to affect the future market dynamics, along with strategic recommendations for India supercapacitors market.


About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

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Relevant Reports

India Supercapacitors Market By End User (Consumer Electronics, Energy, Industrial, etc.), By Type (Board Mounted, Cell, & Modular), By Capacitance (Less Than 1F, 1F to 100F, & More than 100F), Competition Forecast & Opportunities, 2012 – 2022

Power | Sep, 2017

Falling production cost, expected arrival of domestic supercapacitor manufacturers and growing awareness about the potential of supercapacitors anticipated to propel India supercapacitors market through 2022

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