Main Content start here
Main Layout
Report Description

Report Description

Forecast Period

2026-2030

Market Size (2024)

USD 235 Million

Market Size (2030)

USD 545.61 Million

CAGR (2025-2030)

14.9%

Fastest Growing Segment

1F to 100F

Largest Market

South India

Market Overview

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 India Supercapacitors Market is experiencing significant growth driven by the increasing demand for energy-efficient solutions across various sectors, including electric vehicles (EVs), renewable energy, and industrial applications. Supercapacitors, known for their high power density, rapid charge-discharge cycles, and long lifespan, are gaining traction as an essential component in energy storage systems. The adoption of electric vehicles in India is one of the primary factors fueling the market, as supercapacitors are used for quick energy storage and delivery, improving EV performance and efficiency. Additionally, the rise in renewable energy projects, particularly solar and wind, is driving the demand for supercapacitors for grid stabilization and energy storage solutions. The growing need for uninterruptible power supplies (UPS) in industries and data centers is also contributing to market expansion. Furthermore, government initiatives promoting clean energy and electric mobility are creating a favorable environment for the adoption of supercapacitor technology. The market is witnessing advancements in supercapacitor technology, with manufacturers focusing on improving energy density and reducing costs, which is expected to further boost market growth. As India's industrialization accelerates and the demand for sustainable energy solutions increases, the supercapacitors market is poised for continued expansion in the coming years.

Key Market Drivers

Growth in Electric Vehicle Adoption

The rising adoption of electric vehicles (EVs) in India is a key driver for the supercapacitors market. As the Indian government pushes for cleaner and more sustainable transportation solutions, the demand for electric vehicles has seen substantial growth, which in turn increases the need for advanced energy storage systems. Supercapacitors, known for their rapid charge-discharge cycles and high power density, are crucial in improving EV performance. Unlike traditional batteries, supercapacitors deliver quick bursts of energy, which enhances acceleration and energy regeneration in EVs, making them ideal for urban transport applications with frequent stop-and-go scenarios. Additionally, supercapacitors are highly durable and can withstand more charge-discharge cycles compared to conventional batteries, contributing to the longevity and efficiency of electric vehicles. As EV infrastructure expands across India, including charging stations and supporting technologies, the role of supercapacitors in optimizing vehicle performance and charging speed becomes increasingly vital. With the government offering incentives and subsidies for electric mobility, the demand for EVs is expected to rise steadily, thereby driving further adoption of supercapacitors to support the energy storage and power needs of these vehicles. The total EV sales in India crossed 1 million units in 2023, with electric two-wheelers making up the largest share of sales. The government’s push for cleaner transportation, including subsidies under the FAME II (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles) scheme, is a major driver.

Renewable Energy Integration

India's strong push towards renewable energy sources, especially solar and wind, is another significant driver for the supercapacitors market. As the country looks to meet its ambitious sustainability goals, integrating renewable energy into the national grid becomes essential. Supercapacitors play a crucial role in stabilizing the grid by storing excess energy generated during peak production times and releasing it during periods of high demand or low production. This ability to quickly charge and discharge energy helps balance the fluctuations in power supply that are common with renewable energy sources, which are intermittent by nature. Supercapacitors, with their high power density, are increasingly being used in energy storage systems to support the grid’s stability and efficiency. Furthermore, supercapacitors provide a more reliable and durable solution compared to traditional batteries, which can degrade over time. As India continues to invest in expanding its renewable energy capacity, particularly in rural and remote areas, the need for efficient energy storage solutions like supercapacitors is expected to grow. The increasing focus on reducing dependency on fossil fuels and promoting sustainable energy solutions is likely to drive the demand for supercapacitors, positioning them as a key technology in the country's energy transition. The government aims for 30% of all vehicles on Indian roads to be electric by 2030, which could lead to the sale of over 10 million electric vehicles annually by the end of the decade.

Government Policies and Incentives for Clean Energy

Government policies and incentives aimed at promoting clean energy solutions and sustainability are significant drivers for the supercapacitors market in India. The Indian government has introduced a range of initiatives to reduce carbon emissions and promote the adoption of green technologies. The push towards electric vehicles (EVs), renewable energy integration, and energy-efficient infrastructure are part of India’s commitment to environmental sustainability. Various subsidies, tax incentives, and grants for electric vehicles and renewable energy projects have spurred the growth of these sectors, subsequently increasing the demand for supercapacitors as energy storage solutions. Additionally, the government’s focus on smart cities and energy-efficient urban infrastructure has opened up new avenues for the deployment of supercapacitors in applications such as public transportation and energy storage systems. Policies such as the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme and renewable energy targets have significantly accelerated the adoption of green technologies across India, creating a favorable environment for the supercapacitors market. With continued government support for clean energy technologies, including electric mobility and renewable power generation, the demand for supercapacitors is expected to rise, supporting the country’s transition towards a more sustainable and energy-efficient future. The supercapacitors market in India is growing rapidly, driven by the increasing demand for energy-efficient solutions in electric vehicles and renewable energy systems. The market was valued at approximately USD 50 million in 2023 and is expected to grow at a CAGR of 20-25% during the forecast period.


Download Free Sample Report

Key Market Challenges

High Initial Cost of Supercapacitors

One of the major challenges faced by the India Supercapacitors Market is the high initial cost associated with supercapacitor technology. While supercapacitors offer significant advantages in terms of longevity, rapid charge-discharge cycles, and high power density, their upfront cost remains considerably higher than traditional batteries. This cost barrier can deter small and medium-sized businesses, as well as individual consumers, from adopting supercapacitors for applications such as electric vehicles (EVs) or renewable energy storage. The manufacturing cost of supercapacitors is driven by the materials used, such as carbon-based electrodes and electrolytes, which are often more expensive than conventional battery materials. Moreover, the technology behind supercapacitors is still evolving, which further contributes to their high production costs. As a result, many potential users may opt for less expensive battery solutions, especially in cost-sensitive markets like India. Although the operational benefits of supercapacitors, such as longer life cycles and fewer maintenance requirements, can offset the higher initial costs over time, the financial barrier remains a challenge for widespread adoption. To mitigate this challenge, companies in the supercapacitor space need to focus on reducing manufacturing costs through advancements in materials science and production techniques. Additionally, government support and subsidies for clean energy technologies and electric mobility could help lower the cost of supercapacitors and make them more accessible for mainstream applications in India.

Limited Awareness and Understanding of Supercapacitors

Another significant challenge hindering the growth of the India Supercapacitors Market is the limited awareness and understanding of supercapacitor technology among end-users. While industries such as automotive and renewable energy are familiar with the technology, many potential customers, including small businesses and residential consumers, remain unaware of the benefits and applications of supercapacitors. The misconception that supercapacitors are only applicable to specific high-power applications, such as electric vehicles or industrial machinery, has limited their wider adoption. As a result, many businesses and individuals may overlook supercapacitors as an energy storage or backup solution, opting for more familiar technologies like lithium-ion batteries. Furthermore, the market for supercapacitors in India is still in its early stages, and many businesses are hesitant to invest in the technology without fully understanding its long-term advantages. To overcome this challenge, there is a need for increased education and awareness campaigns to demonstrate the versatility and cost-effectiveness of supercapacitors. Industry players must focus on building trust and providing clear information about how supercapacitors can enhance energy efficiency, reduce operational costs, and improve performance in various applications, such as in electric vehicles, renewable energy storage, and uninterruptible power supplies (UPS). Collaboration with government bodies and industry associations to promote supercapacitor adoption through seminars, workshops, and awareness programs can help accelerate market growth and create a more informed consumer base.

Competition from Alternative Energy Storage Technologies

A significant challenge faced by the India Supercapacitors Market is the intense competition from alternative energy storage technologies, particularly lithium-ion batteries. While supercapacitors excel in providing high power density and rapid charge-discharge cycles, they currently have limitations in terms of energy density compared to lithium-ion batteries, which can store much larger amounts of energy over extended periods. This makes lithium-ion batteries the preferred choice for applications that require long-duration energy storage, such as in electric vehicles and grid-level energy storage systems. Despite the advantages of supercapacitors in applications requiring quick bursts of power, such as acceleration in EVs or stabilization in renewable energy grids, they are often seen as complementary rather than standalone solutions. This competition from established and widely adopted technologies, like lithium-ion batteries, creates a challenge for supercapacitors in terms of market penetration and adoption, especially in price-sensitive segments. Furthermore, the rapid advancements in battery technology, such as the development of solid-state batteries and improvements in energy density, threaten to overshadow the growth prospects of supercapacitors. To address this challenge, supercapacitor manufacturers must focus on improving their energy density and cost-effectiveness to make their products more competitive with batteries. Collaboration between supercapacitors and batteries, such as hybrid energy storage systems, could also offer a balanced solution that leverages the strengths of both technologies, thus overcoming the limitations posed by competing alternatives and driving growth in the supercapacitors market.

Key Market Trends

Increasing Adoption of Electric Vehicles (EVs)

A prominent market trend driving the growth of the India Supercapacitors Market is the increasing adoption of electric vehicles (EVs). As India accelerates its shift toward clean and sustainable transportation, the demand for energy storage solutions that can support high power applications in EVs is growing. Supercapacitors are becoming an integral component in EVs due to their ability to provide rapid bursts of energy for acceleration, regenerative braking, and short-duration power needs. This is particularly beneficial in urban environments, where frequent stop-and-go driving patterns are common. Supercapacitors also complement traditional batteries by enhancing their efficiency and lifespan, as they handle the high-power demands while batteries focus on long-duration energy storage. The government’s push for electric mobility through initiatives like the FAME (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles) scheme has further accelerated the demand for EVs in India. With an increasing number of domestic and international manufacturers entering the EV market, the need for advanced energy storage solutions, including supercapacitors, is expected to rise. As the EV market matures, supercapacitors will play a crucial role in improving vehicle performance, reducing charging times, and extending the overall life of the vehicle’s battery, positioning supercapacitors as a vital technology in India’s electric vehicle revolution. India’s National Electric Mobility Mission Plan (NEMMP) aims to promote the adoption of 6-7 million electric vehicles by 2020-2030, which has significantly spurred market growth for both EVs and related components like supercapacitors.

Growth in Renewable Energy Sector

The rapid growth of the renewable energy sector in India is another key market trend driving the demand for supercapacitors. As India moves towards meeting its ambitious renewable energy targets, especially in solar and wind energy, the need for reliable energy storage solutions becomes critical. Supercapacitors are increasingly being integrated into energy storage systems to balance supply and demand fluctuations inherent in renewable energy sources. Unlike conventional batteries, supercapacitors excel at managing high-power fluctuations by quickly absorbing excess energy during periods of high generation and releasing it when demand peaks or production falls. This ability to provide quick bursts of energy makes supercapacitors ideal for stabilizing renewable energy grids and enhancing grid reliability. Additionally, their long cycle life and low maintenance make them a cost-effective solution for long-term use in energy storage systems. As India continues to expand its renewable energy capacity, especially in off-grid and remote areas, the integration of supercapacitors will be essential for optimizing the efficiency of renewable power generation and ensuring consistent energy supply. The growing focus on sustainable energy practices and government incentives for clean energy further supports the increasing use of supercapacitors, positioning them as a critical technology in India’s renewable energy transition.

Advancements in Supercapacitor Technology

A key market trend in the India Supercapacitors Market is the continuous advancements in supercapacitor technology. Manufacturers are focusing on improving the energy density and overall performance of supercapacitors to make them more competitive with other energy storage technologies, such as lithium-ion batteries. Innovations in materials, such as the use of graphene, carbon nanotubes, and advanced electrolytes, are enhancing the energy storage capabilities of supercapacitors, allowing them to store more energy in a smaller, lighter package. These advancements are making supercapacitors more viable for a wider range of applications, from electric vehicles to industrial machinery and consumer electronics. Furthermore, new manufacturing techniques are helping reduce production costs, making supercapacitors more affordable and accessible to a broader market. With the growing demand for high-performance energy storage solutions, the ongoing R&D efforts in supercapacitor technology are expected to drive the market’s expansion in India. As energy storage technologies continue to evolve, supercapacitors will likely become an increasingly important component in both existing and emerging applications, strengthening their position in the broader energy storage market. These technological advancements will help overcome some of the challenges faced by supercapacitors, such as their relatively low energy density, and further solidify their role in powering India’s clean energy and electric mobility future.

Increasing Focus on Industrial Energy Efficiency

The growing emphasis on industrial energy efficiency in India is a significant trend that is driving the demand for supercapacitors. As industries across the country strive to reduce energy consumption and operating costs, supercapacitors are being increasingly integrated into energy management systems. Supercapacitors are well-suited for applications that require rapid bursts of energy, such as in manufacturing processes, machinery, and automation systems. By storing energy during periods of low demand and releasing it when needed, supercapacitors help prevent power disruptions, improve system reliability, and reduce energy wastage. Their ability to support uninterruptible power supplies (UPS) and backup power systems further enhances their appeal in industries where power stability is critical, such as in data centers and telecommunications. In addition to providing energy storage, supercapacitors also contribute to the efficiency of energy-intensive operations by optimizing the performance of electric motors, compressors, and other equipment. With India’s industrial sector undergoing rapid modernization and the increasing focus on reducing carbon footprints, the adoption of supercapacitors as part of industrial energy management solutions is expected to grow. Moreover, government initiatives promoting energy efficiency in industries, such as the Perform, Achieve, and Trade (PAT) scheme, are likely to create further demand for advanced energy storage technologies like supercapacitors, positioning them as a key enabler of India’s industrial sustainability goals.

Segmental Insights

End User Insights

In 2024, the automotive segment emerged as the dominant end-user segment in the India Supercapacitors Market and is expected to maintain its dominance throughout the forecast period. This growth is primarily driven by the rising adoption of electric vehicles (EVs) and the increasing need for efficient energy storage solutions in the automotive sector. Supercapacitors play a critical role in enhancing the performance of EVs, providing rapid bursts of energy during acceleration, regenerative braking, and high-power demands, which are common in urban driving conditions. The ability of supercapacitors to charge and discharge quickly, alongside their long lifecycle and durability, makes them an ideal complement to traditional lithium-ion batteries in electric vehicles, improving overall vehicle efficiency and performance. Moreover, the Indian government's initiatives to promote clean and sustainable transportation, including subsidies and incentives for EV manufacturers and consumers under programs like FAME (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles), are significantly boosting the growth of the automotive segment. This shift towards electric mobility, combined with the growing number of electric two-wheelers and four-wheelers in the market, further drives the demand for supercapacitors. Additionally, the increasing interest in hybrid vehicles, which combine internal combustion engines with electric powertrains, also benefits from supercapacitor technology for optimized energy management. As the Indian automotive industry accelerates its transition to electric vehicles, supercapacitors are expected to remain a crucial component for improving energy efficiency, reducing charging time, and extending the overall life of EVs. With the growing focus on sustainable transportation and the expansion of EV infrastructure, the automotive segment will continue to dominate the India Supercapacitors Market, contributing to long-term market growth and technological innovation in the sector.


Download Free Sample Report

Regional Insights

In 2024, the southern region of India dominated the Supercapacitors Market and is expected to maintain its leadership throughout the forecast period. The dominance of South India can be attributed to several key factors, including its strong industrial base, rapid adoption of electric vehicles (EVs), and significant presence of renewable energy projects. Cities like Bengaluru, Chennai, and Hyderabad are key hubs for automotive and technology industries, driving the demand for advanced energy storage solutions like supercapacitors. South India has witnessed a significant rise in electric vehicle manufacturing, particularly in Tamil Nadu and Karnataka, which are home to major EV manufacturers and suppliers. The demand for supercapacitors in the automotive sector, particularly for electric vehicles and hybrid vehicles, is a key driver in this region. Additionally, South India has seen substantial investments in renewable energy projects, particularly solar and wind power, where supercapacitors are used to enhance grid stability and manage energy fluctuations. Government initiatives such as the state-level support for renewable energy adoption and electric vehicle manufacturing have further accelerated market growth in the region. The region's robust infrastructure for manufacturing and R&D in clean energy and automotive technologies also makes it a focal point for supercapacitor adoption. Furthermore, South India’s advanced transportation networks and logistics sectors, which require high-performance energy storage solutions for fleet management, are contributing to the increased demand for supercapacitors. With the continued focus on sustainable development, electric mobility, and renewable energy, the southern region of India is expected to maintain its dominance in the Supercapacitors Market, solidifying its position as a critical driver of growth in the country’s energy transition.

Recent Developments

  • In Jan 2025, Panasonic announced the launch of its new automotive battery technology aimed at enhancing the performance and efficiency of electric vehicles (EVs). The innovative batteries, incorporating advanced cell technologies, are designed to increase driving range and reduce charging times. With a focus on sustainability, Panasonic's new solution aligns with global efforts to accelerate the adoption of electric mobility. The company aims to strengthen its position in the growing EV market, meeting the increasing demand for high-performance, reliable automotive energy storage systems.
  • In Jan 2025, Panasonic has unveiled its new high-capacity lithium-ion batteries designed to support the growing demand for energy storage in renewable energy systems. The innovative batteries are intended to enhance grid stability and energy efficiency, making them ideal for both residential and commercial use. With a focus on sustainability, Panasonic aims to contribute to the global transition to renewable energy by providing advanced storage solutions that optimize power management. This move strengthens the company’s position in the energy storage market.
  • In Dec 2023, CAP-XX has secured two new international patents for its advanced supercapacitor technology, further strengthening its intellectual property portfolio. These patents focus on innovations that enhance the performance, energy density, and durability of supercapacitors, positioning CAP-XX as a leader in the energy storage sector. The company's cutting-edge technology is expected to support the growing demand for efficient energy solutions in industries such as automotive, consumer electronics, and renewable energy. This development reinforces CAP-XX’s commitment to driving innovation in supercapacitor applications.
  • In Dec 2023, CAP-XX has announced a joint venture with Ionic Industries, an Australian graphene technology specialist, to enhance its supercapacitor products. This collaboration aims to integrate advanced graphene materials into CAP-XX’s energy storage solutions, improving their performance, energy density, and efficiency. By leveraging Ionic Industries' expertise in graphene, CAP-XX plans to accelerate the development of next-generation supercapacitors for applications across automotive, consumer electronics, and renewable energy sectors. This strategic partnership underscores CAP-XX’s commitment to innovation and market leadership in energy storage technology.

Key Market Players

  • Maxwell Technologies Korea Co., Ltd.
  • Panasonic Holdings Corporation
  • Murata Manufacturing Co., Ltd.
  • Cap-XX Limited
  • Eaton Corporation
  • Seiko Instruments Inc.
  • KEMET Corporation
  • Rubycon Corporation

By End User

By Type

By Capacitance

By Region

  • Consumer Electronics
  • Energy
  • Industrial
  • Automotive
  • Others
  • Double-Layer Capacitor
  • Pseudo capacitors
  • Hybrid Capacitors
  • Less Than 1F
  • 1F to 100F
  • More than 100F
  • North India
  • South India
  • West India
  • East India     

Report Scope:

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

  • India Supercapacitors Market, By End User:

o   Consumer Electronics

o   Energy

o   Industrial

o   Automotive

o   Others

  • India Supercapacitors Market, By Type:

o   Double-Layer Capacitor

o   Pseudo capacitors

o   Hybrid Capacitors

  • India Supercapacitors Market, By Capacitance:

o   Less Than 1F

o   1F to 100F

o   More than 100F

  • India Supercapacitors Market, By Region:

o   North India

o   South India

o   West India

o   East India     

Competitive Landscape

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

Available Customizations:

India Supercapacitors Market report with the given market data, TechSci 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 Supercapacitors 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

Table of content

1.         Product Overview

1.1.     Market Definition

1.2.     Scope of the Market

1.2.1.Markets Covered

1.2.2.Years Considered for Study

1.2.3.Key Market Segmentations

2.         Research Methodology

2.1.     Objective of the Study

2.2.     Baseline Methodology

2.3.     Formulation of the Scope

2.4.     Assumptions and Limitations

2.5.     Sources of Research

2.5.1.Secondary Research

2.5.2.Primary Research

2.6.     Approach for the Market Study

2.6.1.The Bottom-Up Approach

2.6.2.The Top-Down Approach

2.7.     Methodology Followed for Calculation of Market Size & Market Shares

2.8.     Forecasting Methodology

2.8.1.Data Triangulation & Validation

3.         Executive Summary

4.         Voice of Customer

5.         India Supercapacitors Market Overview

6.         India Supercapacitors Market Outlook

6.1.     Market Size & Forecast

6.1.1.By Value

6.2.     Market Share & Forecast

6.2.1.By End User (Consumer Electronics, Energy, Industrial, Automotive, Others)

6.2.2.By Type (Double-Layer Capacitor, Pseudo capacitors, Hybrid Capacitors)

6.2.3.By Capacitance (Less Than 1F, 1F to 100F, More than 100F)

6.2.4.By Region (North India, South India, West India, East India)

6.3.     By Company (2024)

6.4.     Market Map

7.         North India Supercapacitors Market Outlook

7.1.     Market Size & Forecast

7.1.1.By Value

7.2.     Market Share & Forecast

7.2.1.By End User

7.2.2.By Type

7.2.3.By Capacitance

8.         South India Supercapacitors Market Outlook

8.1.     Market Size & Forecast

8.1.1.By Value

8.2.     Market Share & Forecast

8.2.1.By End User

8.2.2.By Type

8.2.3.By Capacitance

9.         West India Supercapacitors Market Outlook

9.1.     Market Size & Forecast

9.1.1.By Value

9.2.     Market Share & Forecast

9.2.1.By End User

9.2.2.By Type

9.2.3.By Capacitance

10.      East India Supercapacitors Market Outlook

10.1.  Market Size & Forecast

10.1.1.   By Value

10.2.  Market Share & Forecast

10.2.1.   By End User

10.2.2.   By Type

10.2.3.   By Capacitance

 

 

 

 

 

11.      Market Dynamics

11.1.  Drivers

11.2.  Challenges

12.      Market Trends and Developments

13.      Company Profiles

13.1.  Maxwell Technologies Korea Co., Ltd.

13.1.1.   Business Overview

13.1.2.   Key Revenue and Financials  

13.1.3.   Recent Developments

13.1.4.   Key Personnel/Key Contact Person

13.1.5.   Key Product/Services Offered

13.2.  Panasonic Holdings Corporation

13.2.1.   Business Overview

13.2.2.   Key Revenue and Financials  

13.2.3.   Recent Developments

13.2.4.   Key Personnel/Key Contact Person

13.2.5.   Key Product/Services Offered

13.3.  Murata Manufacturing Co., Ltd.

13.3.1.   Business Overview

13.3.2.   Key Revenue and Financials  

13.3.3.   Recent Developments

13.3.4.   Key Personnel/Key Contact Person

13.3.5.   Key Product/Services Offered

13.4.  Cap-XX Limited

13.4.1.   Business Overview

13.4.2.   Key Revenue and Financials  

13.4.3.   Recent Developments

13.4.4.   Key Personnel/Key Contact Person

13.4.5.   Key Product/Services Offered

13.5.  Eaton Corporation

13.5.1.   Business Overview

13.5.2.   Key Revenue and Financials  

13.5.3.   Recent Developments

13.5.4.   Key Personnel/Key Contact Person

13.5.5.   Key Product/Services Offered

13.6.  Seiko Instruments Inc.

13.6.1.   Business Overview

13.6.2.   Key Revenue and Financials  

13.6.3.   Recent Developments

13.6.4.   Key Personnel/Key Contact Person

13.6.5.   Key Product/Services Offered

13.7.  KEMET Corporation

13.7.1.   Business Overview

13.7.2.   Key Revenue and Financials  

13.7.3.   Recent Developments

13.7.4.   Key Personnel/Key Contact Person

13.7.5.   Key Product/Services Offered

13.8.  Rubycon Corporation

13.8.1.   Business Overview

13.8.2.   Key Revenue and Financials  

13.8.3.   Recent Developments

13.8.4.   Key Personnel/Key Contact Person

13.8.5.   Key Product/Services Offered

14.      Strategic Recommendations

15. About Us & Disclaimer

Figures and Tables

Frequently asked questions

Frequently asked questions

The market size of the India Supercapacitors Market was USD 235 Million in 2024.

The Automotive End-User segment dominated the supercapacitors market in 2024, driven by the increasing adoption of electric vehicles (EVs) and hybrid vehicles. Supercapacitors play a crucial role in enhancing EV performance by supporting rapid energy storage and delivery during acceleration and braking.

South India dominated the supercapacitors market in 2024 due to its strong presence in the automotive and renewable energy sectors, particularly in cities like Bengaluru and Chennai. The region's robust infrastructure and focus on electric mobility contributed to market leadership.

The major drivers for the India Supercapacitors Market include the growing demand for electric vehicles, increased renewable energy integration, industrial energy efficiency needs, government support for clean energy technologies, and advancements in supercapacitor technology enhancing performance and cost-effectiveness.

Related Reports