Report Description

Forecast Period


Market Size (2023)

USD 692.13 Million

CAGR (2024-2029)


Fastest Growing Segment

Consumer Electronics

Largest Market

West Region

Market Overview

India electrical capacitor market has valued at USD 692.13 million in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 7.33% through 2029. The India electrical capacitor market is a vital and dynamic segment within the country's electrical and electronics industry. Electrical capacitors, as fundamental electronic components, are integral to numerous applications across various sectors, including power generation and distribution, industrial machinery, consumer electronics, telecommunications, and automotive systems. These passive devices store and release electrical energy, serving functions such as power factor correction, energy storage, voltage regulation, and filtering of electrical signals. The market for electrical capacitors in India has witnessed substantial growth over the years, driven by factors such as increasing urbanization, industrialization, infrastructural development, and the growing adoption of renewable energy sources.

One of the primary drivers of the India electrical capacitor market is the critical role capacitors play in optimizing energy efficiency and power quality. In power generation and distribution, capacitors are employed for power factor correction. They help improve the power factor of electrical systems, ensuring that the delivered power is more efficiently utilized and reducing energy losses. With India's rapidly expanding energy grid and the need to meet the demands of its growing population and industries, the significance of power factor correction through capacitors cannot be overstated. Additionally, the surge in renewable energy sources, particularly solar and wind power, has propelled the demand for electrical capacitors. These sources of energy often produce variable and intermittent electricity, which can cause fluctuations in voltage and frequency. Capacitors are crucial for stabilizing these variations, making the grid more reliable and efficient. As India continues its efforts to increase renewable energy capacity and reduce its dependence on fossil fuels, capacitors will remain vital in ensuring the smooth integration of renewable energy into the national grid.

Furthermore, the automotive industry in India has been experiencing significant growth, with a focus on electric vehicles (EVs) and hybrid vehicles. Electrical capacitors are essential components in EVs, used in energy storage systems, motor drives, and power electronics. As the Indian automotive market continues to evolve towards cleaner and more energy-efficient transportation solutions, the demand for capacitors in this sector is expected to witness a substantial upswing. The consumer electronics and telecommunications sectors also heavily rely on electrical capacitors for various applications, including voltage regulation, noise filtering, and energy storage. From smartphones and laptops to air conditioners and refrigerators, capacitors enhance the performance, energy efficiency, and reliability of these products. With the proliferation of electronic devices and the trend towards miniaturization, the demand for capacitors in these sectors is poised to remain robust.

Despite the promising growth prospects, the India electrical capacitor market faces several challenges. One key challenge is the need for technological advancements to meet the evolving demands of industries. As devices and systems become more sophisticated, capacitors must keep pace with requirements for higher energy density, longer lifespan, and improved efficiency. Moreover, ensuring compliance with stringent quality standards and safety regulations is crucial to maintaining consumer trust and ensuring reliable performance in critical applications. Additionally, the environmental impact of capacitor manufacturing processes and the disposal of electronic waste (e-waste) are growing concerns. Manufacturers are increasingly exploring eco-friendly materials and production methods to mitigate these environmental challenges. The recycling and responsible disposal of electronic components, including capacitors, are becoming imperative to minimize their impact on the environment.

In conclusion, the India electrical capacitor market is poised for continued growth and innovation, fueled by the country's increasing urbanization, industrialization, and emphasis on renewable energy sources and efficient power usage. Capacitors are indispensable components across a broad spectrum of industries and applications, making them a critical enabler of technological advancements and sustainable development in India. However, addressing challenges such as technological advancements, quality standards, and environmental sustainability will be pivotal in ensuring the long-term success and positive impact of the electrical capacitor market in India.

Key Market Drivers

Increasing Energy Demand and Grid Expansion

One of the primary drivers fueling the growth of the India electrical capacitor market is the increasing demand for electrical energy. India is experiencing rapid urbanization and industrialization, resulting in a surge in electricity consumption. To meet this escalating energy demand and ensure a reliable power supply, electrical utilities and industrial facilities often require power factor correction and voltage stabilization, both of which heavily rely on electrical capacitors. Power factor correction capacitors are used to improve the power factor of electrical systems, ensuring that electricity is efficiently utilized and reducing energy losses. As the Indian government emphasizes the expansion of the country's energy infrastructure, capacitors play a pivotal role in enhancing the efficiency and stability of the electrical grid. Additionally, with the growth of renewable energy sources like solar and wind power, capacitors are crucial for smoothing out the intermittent nature of these energy sources, making them more reliable and integrated into the grid.

Growing Renewable Energy Sector

The rapid growth of India's renewable energy sector is a significant driver for the electrical capacitor market. India has been making substantial investments in renewable energy sources, including solar and wind power, to reduce its carbon footprint and meet its clean energy goals. These renewable sources often generate variable and intermittent electricity, creating challenges in maintaining grid stability. Electrical capacitors are vital components in addressing these challenges. They help stabilize voltage levels, mitigate voltage fluctuations, and improve the quality of power supplied to the grid. As India continues to expand its renewable energy capacity, the demand for capacitors in this sector is expected to grow significantly. Capacitors enable the efficient integration of renewable energy into the national grid, ensuring a consistent and reliable power supply.

Automotive Industry Growth and Electrification

The burgeoning automotive industry in India is another key driver of the electrical capacitor market. The automotive sector has been witnessing a shift towards electric vehicles (EVs) and hybrid vehicles as India aims to reduce emissions and promote sustainable transportation solutions. Electrical capacitors play a crucial role in these vehicles, particularly in energy storage systems, motor drives, and power electronics. In EVs, capacitors are used for regenerative braking, energy recovery, and fast charging. As the adoption of electric and hybrid vehicles continues to rise, the demand for capacitors in the automotive sector is expected to grow exponentially. This trend aligns with India's commitment to reducing air pollution and greenhouse gas emissions, making electrical capacitors a vital component of the country's automotive electrification journey.

Consumer Electronics and Telecommunications Growth

The consumer electronics and telecommunications sectors are witnessing robust growth in India, driven by factors such as increasing disposable income, digitalization, and connectivity. Electrical capacitors are integral components in various consumer electronic devices, including smartphones, laptops, air conditioners, and refrigerators. Capacitors serve multiple purposes in these devices, such as voltage regulation, noise filtering, and energy storage. As consumers demand more advanced and energy-efficient electronic products, the demand for high-quality capacitors continues to grow. Additionally, the telecommunications sector relies on capacitors for signal processing, filtering, and voltage regulation in network equipment. The proliferation of electronic devices and the ongoing trend towards miniaturization further drive the demand for capacitors in these sectors. The increasing digitalization of services and the expansion of 4G and 5G networks in India also contribute to the growth of the electrical capacitor market, as these technologies require high-performance capacitors for optimal functionality.

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Key Market Challenges

Complex Regulatory Environment and Compliance

One of the significant challenges facing the India Electrical Capacitor market is the complex and ever-evolving regulatory environment, coupled with the need for strict compliance. India has a multitude of regulations governing various aspects of security, privacy, and data protection. Organizations operating in sectors such as finance, healthcare, and telecommunications are subject to stringent compliance requirements that demand adherence to industry-specific standards and government regulations. For Electrical Capacitor, navigating this intricate web of regulations can be daunting. Each industry may have its own set of compliance requirements, and staying up to date with changes in laws and regulations is a continuous effort. Failing to comply with these regulations can result in legal penalties, damage to the reputation of the integrator, and potential disruptions to client operations.

Additionally, India is increasingly aligning its data protection laws with global standards, with the introduction of the Personal Data Protection Bill (PDPB) drawing parallels to regulations like the General Data Protection Regulation (GDPR) in Europe. This necessitates integrators to ensure that their security solutions adhere to the data protection and privacy requirements outlined in such legislation. Electrical Capacitor must invest in staying current with regulatory changes, adopting robust compliance frameworks, and developing solutions that are in line with the evolving legal landscape. Meeting these challenges can be resource-intensive and requires a high level of expertise, potentially impacting the cost and complexity of security projects.

Talent Shortage and Skill Gap

Another significant challenge faced by the India Electrical Capacitor market is the shortage of skilled professionals and the widening skill gap in the field of security technology. As the demand for advanced security solutions grows, the industry faces a scarcity of qualified individuals who possess the necessary expertise in areas such as cybersecurity, network security, physical security systems, and emerging technologies. The skill gap is particularly acute in the context of cybersecurity, where the evolving threat landscape requires highly specialized knowledge and the ability to adapt to new and sophisticated attack methods. Electrical Capacitor need cybersecurity experts who can design, implement, and manage robust security measures to protect clients from cyber threats.

Furthermore, the convergence of physical and digital security solutions demands professionals with expertise in both domains. Integrators require personnel who can seamlessly integrate technologies such as access control systems, surveillance cameras, and cybersecurity protocols into unified, comprehensive security systems. The shortage of skilled talent not only hampers the ability of Electrical Capacitor to meet the growing demand but also poses a risk to the security of organizations. Insufficiently skilled professionals may struggle to implement effective security measures, leaving organizations vulnerable to security breaches and incidents.

Key Market Trends

Increasing Adoption of Advanced Capacitor Technologies

One notable trend in the India electrical capacitor market is the increasing adoption of advanced capacitor technologies. Capacitors have evolved significantly over the years, offering improved performance, higher energy density, and enhanced reliability. Manufacturers are investing in research and development to develop capacitors that can meet the evolving demands of various industries. One specific trend is the adoption of supercapacitors or ultracapacitors. These energy storage devices offer rapid charge and discharge capabilities, making them suitable for applications where quick bursts of power are required, such as electric vehicles (EVs) and renewable energy systems. In India, as the automotive industry focuses on electric and hybrid vehicles, supercapacitors are gaining traction for their ability to complement or replace traditional batteries. Another trend is the development of hybrid capacitors, which combine the benefits of both electrolytic capacitors and supercapacitors. These hybrid solutions offer high energy storage capacity along with rapid charge and discharge characteristics. They find applications in industries like telecommunications, where they help maintain uninterrupted power supply and enhance network performance.

Furthermore, the integration of smart technologies into capacitors is on the rise. Smart capacitors can monitor their own performance, identify potential issues, and communicate data to central systems, enabling predictive maintenance and enhancing overall system reliability. This trend aligns with the growing emphasis on Industry 4.0 and the Industrial Internet of Things (IIoT) in India, where predictive maintenance plays a crucial role in reducing downtime and improving operational efficiency.

Focus on Environmental Sustainability and Energy Efficiency

Environmental sustainability and energy efficiency have become significant trends in the India electrical capacitor market. As India strives to reduce its carbon footprint and meet clean energy targets, the demand for eco-friendly and energy-efficient capacitor solutions is growing. One prominent trend is the development of green or environmentally friendly capacitors. Manufacturers are exploring alternative materials and manufacturing processes that minimize the environmental impact of capacitor production. This includes the use of lead-free and RoHS-compliant materials, as well as sustainable packaging and recycling programs. Additionally, there is a strong focus on energy-efficient capacitors that help reduce power losses in electrical systems. Power factor correction capacitors, for instance, are designed to improve energy efficiency by reducing reactive power and optimizing the power factor. This is particularly important in industries like manufacturing, where energy costs are a significant concern. The trend towards energy-efficient lighting solutions, such as Light Emitting Diodes (LEDs), has also driven the demand for capacitors used in lighting applications. Power factor correction capacitors are essential for ensuring the efficient operation of LED lighting systems, which consume less energy compared to traditional lighting technologies.

Increasing Demand in Renewable Energy Applications

The growing demand for renewable energy sources, such as solar and wind power, is a significant trend in the India electrical capacitor market. Capacitors play a crucial role in renewable energy systems by stabilizing voltage levels, filtering electrical signals, and improving overall system efficiency. In solar power generation, capacitors are used in photovoltaic inverters to convert DC power generated by solar panels into AC power suitable for the grid. They help ensure the quality and reliability of the electricity generated by solar installations. With India's ambitious targets for solar energy capacity expansion, the demand for capacitors in this sector is expected to continue rising.

Similarly, wind turbines utilize capacitors for various functions, including voltage regulation and power factor correction. Wind power installations often operate in challenging environmental conditions, making the reliability of capacitors critical for uninterrupted energy production. As India explores wind energy potential in various regions, the demand for capacitors in wind power applications is also on the upswing. Moreover, the integration of energy storage systems with renewable energy installations is a growing trend. Capacitors are key components in these energy storage solutions, helping to balance energy supply and demand, store excess energy, and provide quick bursts of power when needed. This trend aligns with India's pursuit of grid stability and increased reliance on renewable energy sources. clients.

Segmental Insights

Product Type Insights

The film capacitor segment asserted its dominance in the Indian electrical capacitor market in 2022 and is poised to maintain its leading position throughout the forecast period. Film capacitors stand out due to their remarkable electrical properties and unwavering reliability, making them highly versatile components in a wide array of industries. These capacitors employ a thin plastic film as their dielectric material, offering an array of advantages such as exceptional insulation resistance, minimal dielectric losses, and an innate ability to self-heal. These attributes render film capacitors indispensable in numerous applications, spanning power factor correction, motor initiation and operation, lighting ballasts, and electronic circuitry. The supremacy of film capacitors stems from their capacity to cater to the diverse requirements of sectors encompassing manufacturing, consumer electronics, and renewable energy. They shine in scenarios were maintaining stable capacitance values and ensuring long-term dependability are paramount. Additionally, as India amplifies its focus on energy efficiency and sustainability, film capacitors play a pivotal role in initiatives related to power factor correction and the harnessing of renewable energy sources, thereby further solidifying their significance in the market.

Application Insights

Based on application, the consumer electronics segment has established its dominance in the India electrical capacitor market in 2022 and is projected to maintain this position throughout the forecast period. This supremacy is underpinned by the pervasive presence and indispensability of electrical capacitors in a myriad of consumer electronic devices. These capacitors are essential components in products such as smartphones, laptops, air conditioners, and refrigerators, where they contribute to voltage regulation, noise filtering, and energy storage. The surge in consumer electronics adoption in India, fuelled by rising disposable incomes and a growing emphasis on digitalization and connectivity, has substantially propelled the demand for capacitors in this segment. Furthermore, as consumers increasingly demand advanced and energy-efficient electronic products, the significance of high-quality capacitors has magnified. Capacitors play a crucial role in enhancing the performance, energy efficiency, and reliability of these devices, aligning perfectly with the evolving preferences of Indian consumers. With the consumer electronics market poised for continued growth and innovation, capacitors will remain an integral component, solidifying their dominant position in the Indian electrical capacitor market.

Regional Insights

The Western region of India, renowned for its major business centers such as Mumbai and Pune, is positioned to experience the most substantial Compound Annual Growth Rate (CAGR) in the India electrical capacitor market throughout the forecast period. This region stands out as an economic powerhouse, hosting a diverse array of industries, including finance, manufacturing, information technology, and automotive manufacturing. The robust industrial presence in Western India underscores the vital role of electrical capacitors in optimizing energy efficiency, enhancing power quality, and supporting industrial operations. Mumbai, as the financial capital, relies on capacitors for power factor correction and voltage stability, while Pune's thriving manufacturing sector depends on capacitors for motor operation and power factor improvement. Additionally, Western India's strategic significance as a major port and transportation hub further amplifies the importance of capacitors in ensuring the reliability of logistics and supply chain operations. Consequently, the Western region is poised to exhibit remarkable growth in the electrical capacitor market as it continues to drive the economic engine of India's industrial landscape.

Recent Developments

  • In February 2023, Vishay Intertechnology, a global leader in electronic components, showcased its cutting-edge power electronic components tailored for next-generation applications at Elecrama 2023. Elecrama is one of the world's largest electrical and power industry exhibitions, providing a platform for companies to showcase their innovations and solutions in the electrical sector. Vishay's presence at Elecrama 2023 underscored its commitment to pushing the boundaries of power electronics technology. The showcased components included advanced semiconductor devices, passive components, and integrated solutions designed to meet the evolving needs of industries such as power generation, distribution, industrial automation, and renewable energy.
  • In September 2022, GODI India made a significant stride in the field of energy storage solutions by launching high-power supercapacitors specifically designed for electric vehicles (EVs) and renewable energy applications. This noteworthy development aligns with India's increasing focus on sustainable and clean energy sources, as well as the electrification of transportation. GODI India's high-power supercapacitors are poised to play a pivotal role in advancing the adoption of EVs in the country. These supercapacitors offer rapid charge and discharge capabilities, making them ideal for regenerative braking systems, energy recovery, and fast-charging solutions in electric vehicles. By harnessing the power of supercapacitors, EVs can benefit from enhanced energy efficiency, extended battery life, and reduced charging times, addressing some of the key challenges in EV adoption.

Key Market Players

·         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.

 By Product Type

By Application

By Region

       Electrolytic Capacitor

       Film Capacitor

       Ceramic Capacitor


       Consumer Electronics


       IT Hardware








Report Scope:

In this report, the India electrical capacitor market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • India Electrical Capacitor Market, By Product Type:

o   Electrolytic Capacitor

o   Film Capacitor

o   Ceramic Capacitor

o   Others

  • India Electrical Capacitor Market, By Application:

o   Consumer Electronics

o   Telecom

o   IT Hardware

o   Industrial

o   Others

  • India Electrical Capacitor Market, By Region:

o   North

o   South

o   West

o   East

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the India Electrical Capacitor Market.

Available Customizations:

India electrical capacitor market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

India Electrical Capacitor Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

2.    Research Methodology

3.    Voice of Customer

4.    Impact of COVID-19 on India Electrical Capacitor Market

5.    Executive Summary

6.    India Electrical Capacitor Market Overview

7.    India Electrical Capacitor Market Outlook

7.1.  Market Size & Forecast

7.1.1.       By Value & Volume

7.2.  Market Share & Forecast

7.2.1.      By Product Type (Electrolytic Capacitor, Film Capacitor, Ceramic Capacitor, and Others)

7.2.2.      By Application (Consumer Electronics, Telecom, IT Hardware, Industrial, and Others)

7.2.3.       By Region

7.2.4.       By Top 10 States

7.2.5.       By Company (2021)

7.3.  Market Map

8.    East India Electrical Capacitor Market Outlook

8.1.  Market Size & Forecast

8.1.1.       By Value & Volume

8.2.  Market Share & Forecast

8.2.1.       By Product Type

8.2.2.       By Application

9.    West India Electrical Capacitor Market Outlook

9.1.  Market Size & Forecast

9.1.1.       By Value & Volume

9.2.  Market Share & Forecast

9.2.1.       By Product Type

9.2.2.       By Application

10. North India Electrical Capacitor Market Outlook

10.1.   Market Size & Forecast

10.1.1.    By Value & Volume

10.2.   Market Share & Forecast

10.2.1.    By Product Type

10.2.2.    By Application

11. South India Electrical Capacitor Market Outlook

11.1.   Market Size & Forecast

11.1.1.    By Value & Volume

11.2.   Market Share & Forecast

11.2.1.    By Product Type

11.2.2.    By Application

12. Market Dynamics

12.1.   Drivers

12.2.   Challenges

13. Market Trends and Developments

14. Policy and Regulatory Landscape

15. India Economic Profile

16. Company Profiles

16.1.   EPCOS India Pvt. Ltd.

16.1.1. Business Overview

16.1.2. Key Financials & Revenue

16.1.3. Key Contact Person

16.1.4. Headquarters Address

16.1.5. Key Product/Service Offered

16.2.   Globe Capacitors Limited

16.2.1. Business Overview

16.2.2. Key Financials & Revenue

16.2.3. Key Contact Person

16.2.4. Headquarters Address

16.2.5. Key Product/Service Offered

16.3.   Deki Electronics Limited

16.3.1. Business Overview

16.3.2. Key Financials & Revenue

16.3.3. Key Contact Person

16.3.4. Headquarters Address

16.3.5. Key Product/Service Offered

16.4.   Keltron Component Complex Limited

16.4.1. Business Overview

16.4.2. Key Financials & Revenue

16.4.3. Key Contact Person

16.4.4. Headquarters Address

16.4.5. Key Product/Service Offered

16.5.   Desai Electronics Private Limited

16.5.1. Business Overview

16.5.2. Key Financials & Revenue

16.5.3. Key Contact Person

16.5.4. Headquarters Address

16.5.5. Key Product/Service Offered

16.6.   Vishay Components India Private Limited

16.6.1. Business Overview

16.6.2. Key Financials & Revenue

16.6.3. Key Contact Person

16.6.4. Headquarters Address

16.6.5. Key Product/Service Offered

16.7.   Murata Electronics (India) Private Limited

16.7.1. Business Overview

16.7.2. Key Financials & Revenue

16.7.3. Key Contact Person

16.7.4. Headquarters Address

16.7.5. Key Product/Service Offered

16.8.   KYOCERA Asia Pacific (India) Pvt. Ltd.

16.8.1. Business Overview

16.8.2. Key Financials & Revenue

16.8.3. Key Contact Person

16.8.4. Headquarters Address

16.8.5. Key Product/Service Offered

16.9.   Panasonic India Pvt. Ltd.

16.9.1. Business Overview

16.9.2. Key Financials & Revenue

16.9.3. Key Contact Person

16.9.4. Headquarters Address

16.9.5. Key Product/Service Offered

16.10.Rubycon Singapore Pte. Ltd.

16.10.1.  Business Overview

16.10.2.  Key Financials & Revenue

16.10.3.  Key Contact Person

16.10.4.  Headquarters Address

16.10.5.  Key Product/Service Offered

17. Strategic Recommendations

18. About Us & Disclaimer

Figures and Tables

Frequently asked questions


The market size of the India electrical capacitor market was USD 692.13 million in 2022.


In FY2022, consumer electronics was the dominating segment by application in India electrical capacitor market. The dominance of the consumer electronics segment is rooted in the widespread and essential role that electrical capacitors play across a diverse range of consumer electronic devices. These capacitors are integral components found in products like smartphones, laptops, air conditioners, and refrigerators, where they fulfill critical functions such as voltage regulation, noise reduction, and energy storage.


Key players in the market are 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., and others.


Increasing energy demand & grid expansion and growing renewable energy sector are the major drivers for the India electrical capacitor market.


Sakshi Bajaal

Business Consultant
Press Release

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

Sep, 2023

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