India Supercapacitors Market is to register a CAGR of 14.9% through 2030F
The India Supercapacitors Market is rising due to the growing demand for energy-efficient solutions in electric vehicles, renewable energy systems, and industrial applications in the forecast period 2026-2030F.
According to TechSci Research report, “India Supercapacitors Market -
By Region, Competition Forecast & Opportunities 2030F”, India
Supercapacitors Market was valued at USD 235 Million in 2024 and is expected to
reach at USD 545.61 Million in 2030 and project robust growth in the forecast
period with a CAGR of 14.9% through 2030. The growing industrialization in
India is another important driver for the supercapacitors market. With rapid
advancements in manufacturing, data centers, and telecommunications, the demand
for reliable and efficient power backup systems has surged. Supercapacitors are
increasingly being used in industries for uninterruptible power supply (UPS)
systems, where they provide immediate backup during power outages. Their
ability to discharge energy quickly makes them ideal for situations where a
rapid power supply is needed to prevent equipment failure or data loss. In
addition to UPS applications, supercapacitors are also used in various
industrial applications that require high power over short periods, such as in
cranes, forklifts, and conveyor belts. As industries continue to expand,
especially in sectors like automotive, electronics, and telecommunications, the
need for efficient energy storage and power backup solutions grows. The low
maintenance, high reliability, and long life cycle of supercapacitors make them
an attractive option for industries looking to minimize downtime and
operational disruptions. Moreover, with India’s growing push for smart manufacturing
and automation, the use of supercapacitors in energy management systems is
expected to rise, driving further market growth.
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North India is the fastest-growing
region in the India Supercapacitors Market, driven by rapid industrialization,
growing demand for electric vehicles (EVs), and an increasing focus on
renewable energy projects. Cities like Delhi, Gurgaon, Noida, and Chandigarh
are emerging as key hubs for automotive manufacturing, especially in the EV
sector, which significantly contributes to the demand for supercapacitors. As
the Indian government pushes for cleaner energy and promotes EV adoption
through initiatives such as the Faster Adoption and Manufacturing of Hybrid and
Electric Vehicles (FAME) scheme, North India has seen a surge in both
manufacturing and infrastructure development. Additionally, the region’s
growing emphasis on renewable energy, particularly solar and wind, presents
opportunities for supercapacitors in energy storage systems. Supercapacitors
play a crucial role in stabilizing energy grids, supporting the growing
renewable energy installations in states like Haryana, Punjab, and Uttar
Pradesh. Furthermore, North India is home to several large-scale industries,
including telecommunications, data centers, and manufacturing, all of which
rely on efficient energy management solutions such as supercapacitors for
uninterrupted power supply and energy optimization. The region’s burgeoning
tech industry and increasing industrial automation further contribute to the
market’s expansion. With a combination of favorable government policies, a
strong industrial base, and a focus on clean energy, North India is positioned
to continue as the fastest-growing region in the supercapacitors market,
driving demand across multiple sectors and accelerating the transition to
sustainable energy solutions.
Based on Type, the Double-Layer
Capacitor (DLC) segment dominated the India Supercapacitors Market and is
expected to maintain its dominance throughout the forecast period. Double-Layer
Capacitors, also known as Electric Double-Layer Capacitors (EDLCs), are widely
used in applications requiring high power density and rapid charge/discharge
capabilities, which are particularly crucial in industries like automotive,
energy storage, and industrial applications. DLCs are favored for their ability
to store energy through the electrostatic charge between two conductive plates,
making them ideal for applications where short bursts of energy are required,
such as in electric vehicles (EVs), renewable energy systems, and backup power
applications. Their advantages, including longer lifespans, fast
charge/discharge times, and higher energy efficiency, make them highly suitable
for the evolving needs of India’s growing electric mobility sector and
renewable energy initiatives. As the demand for electric vehicles and grid
energy storage solutions increases, particularly in the context of India’s push
for cleaner energy, the demand for DLCs continues to rise. Moreover, DLCs are
less affected by temperature variations, which makes them more reliable in the
diverse climate conditions found across India. Their ability to integrate
seamlessly with batteries in hybrid energy systems further boosts their
adoption in both commercial and consumer applications. Additionally,
advancements in materials like activated carbon and graphene are enhancing the
performance and energy density of DLCs, contributing to their sustained
dominance in the market. With the Indian government’s strong push for
sustainability, clean energy, and electric mobility, the DLC segment is poised
to maintain its leadership position, driven by continued technological
improvements and rising demand across various sectors.
Key market players in the India
Supercapacitors Market are: -
- Maxwell
Technologies Korea Co., Ltd.
- Panasonic
Holdings Corporation
- Murata
Manufacturing Co., Ltd.
- Cap-XX
Limited
- Eaton
Corporation
- Seiko
Instruments Inc.
- KEMET
Corporation
- Rubycon
Corporation
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“The India Supercapacitors Market
presents significant opportunities driven by the increasing demand for
sustainable energy solutions. The rapid adoption of electric vehicles (EVs) is
a key growth driver, as supercapacitors enhance vehicle performance by providing
quick bursts of energy and improving battery efficiency. Additionally, the
expansion of renewable energy projects, particularly in solar and wind power,
creates opportunities for supercapacitors in energy storage systems, balancing
grid fluctuations and optimizing energy use. The industrial sector, focusing on
energy efficiency and uninterrupted power supply systems, also presents growth
potential for supercapacitors in applications like automation, backup power,
and energy management. Government incentives for clean energy technologies,
coupled with a shift toward sustainable transportation and industrial
practices, further boost the market’s prospects. As technological advancements
continue to enhance performance and reduce costs, the India Supercapacitors
Market is poised for robust growth in the coming years.” said Mr. Karan Chechi,
Research Director of TechSci Research, a research-based Global management
consulting firm.
“India Supercapacitors Market By End User (Consumer Electronics, Energy,
Industrial, Automotive, Others), By Type (Double-Layer Capacitor, Pseudo
capacitors, Hybrid Capacitors), By Capacitance (Less Than 1F, 1F to 100F, More
than 100F), By Region, Competition, Forecast and Opportunities 2020-2030F” has evaluated the future
growth potential of India Supercapacitors Market and provides statistics
& information on market size, structure, and future market 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 India Supercapacitors Market.
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