Press Release

Electrolytic Capacitors Continue to Dominate India Electrical Capacitor Market

Rising adoption of latest electronic devices such as smartphones, tablets, etc., along with growing popularity of renewable energy sources, electric mobility and smart grid to drive India electrical capacitor market through 2023

According to TechSci Research report, India Electrical Capacitor Market By Product Type, By Application, Competition Forecast & Opportunities, 2013-2023”, India electrical capacitor market is forecast to reach $ 625 million by 2023, owing to increasing penetration of smart devices and rising inclination towards renewable energy sources. Moreover, the concept of electric mobility and smart grid is gaining momentum in India, which is further pushing demand for electrical capacitors as they are used in electric vehicles as well as smart grids. Moreover, government of India is increasingly focusing on improving domestic manufacturing scenario, which is anticipated to positively influence India electrical capacitor market through 2023. EPCOS India Pvt. Ltd., Globe Capacitors Limited, Deki Electronics Limited and Keltron Component Complex Limited are some of the major companies operating in India electrical capacitor market.

Browse 45 market data Figures and Tables spread through 91 Pages and an in-depth TOC on "India Electrical Capacitor Market"

Among product types, electrolytic electrical capacitor dominated India electrical capacitor market in 2017, and the product segment is likely to maintain its dominance during forecast period as well on account of high demand for electrolytic capacitors in consumer electronics, including mobile phones, laptops, air conditioners, refrigerators, washing machines, etc., as well as telecommunications sector. However, film electrical capacitor segment is expected to grow at the fastest CAGR during forecast period due to its increasing demand in consumer electronics, lighting and high speed internet access.

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“A large demand for electrical capacitors emanates from South India due to presence of large electronic manufacturing base in this region. However, in the coming years, demand from North region is anticipated to grow at the fastest pace. Rising inclination towards HVDC (High Voltage Direct Current) transmission technology, is expected to significantly boost demand for electrical capacitors across India in the coming years. Additionally, increasing use of electric energy storage systems to store energy would further steer growth in the market during the forecast period.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

India Electrical Capacitor Market By Product Type, By Application, Competition Forecast & Opportunities, 2013-2023 has evaluated the future growth potential of India electrical capacitor market and provides statistics and information on market size, structure and future market growth. The report offers decision makers superior market intelligence, thereby enabling them to conduct thorough investment appraisal. Besides, the report also analyzes the evolving market trends along with drivers, challenges and opportunities in India electrical capacitor 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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