India Electrical Capacitor Market to be led by Growing Renewable Energy Sector through 2029
Increasing Energy Demand & Grid Expansion driving the
implementation of the Electrical Capacitor in the Indian market.
According to
TechSci Research report, “Electrical Capacitor Market – India Industry Size,
Share, Trends, Opportunity, and Forecast, 2019-2029F”, The India electrical
capacitor market is a vital component of the country's electrical
infrastructure, playing a crucial role in the efficient functioning of various
electrical systems and devices. Electrical capacitors are passive electronic
components that store and release electrical energy when needed. They find
extensive use in a wide range of applications, including power generation and
distribution, electronics manufacturing, consumer electronics, and automotive
systems. As India experiences rapid industrialization, urbanization, and
infrastructural development, the demand for electrical capacitors has been
steadily increasing. The factors driving this demand include the need for
reliable power supply, the growing renewable energy sector, and the expanding
automotive and electronics industries.
In the context of power
generation and distribution, electrical capacitors are essential for power
factor correction, which helps optimize energy efficiency and reduce
electricity costs. Capacitors also play a pivotal role in stabilizing voltage
levels and minimizing power losses during transmission and distribution. With
India's increasing focus on renewable energy sources like solar and wind power,
capacitors are used to smooth out fluctuations in electricity supply, ensuring
a consistent and reliable grid.
Moreover, the burgeoning
automotive sector in India relies on capacitors for applications such as engine
control units (ECUs), lighting systems, and electric vehicle (EV) charging
infrastructure. As the country moves toward cleaner and more efficient transportation
solutions, the demand for capacitors in the automotive industry is set to rise
further. In the realm of consumer electronics and appliances, capacitors are
integral components in devices ranging from air conditioners and refrigerators
to smartphones and laptops. These capacitors enhance the performance and energy
efficiency of these products, contributing to a better consumer experience.
Despite the promising growth
prospects, the India electrical capacitor market faces its share of challenges.
These include the need for technological advancements to meet the evolving
demands of industries, ensuring compliance with stringent quality standards,
and managing the environmental impact of capacitor manufacturing processes.
However, as India continues to develop and modernize its infrastructure, the
electrical capacitor market is poised for expansion, driven by the imperative
of efficient energy usage and the increasing integration of electronic
components into various facets of daily life and industry.
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India electrical capacitor
market is segmented into product type, application. Based on product type, the
market is segmented into electrolytic capacitor, film capacitor, ceramic
capacitor, and others. Based on application, the market is segmented into consumer
electronics, telecom, IT hardware, industrial, and others.
Based on product type, the film
capacitor segment dominated the India electrical capacitor market in 2022 and
is expected to maintain its dominance during the forecast period. Film
capacitors are highly versatile and find extensive application in various
industries, owing to their exceptional electrical properties and reliability.
These capacitors utilize a thin plastic film as the dielectric material,
offering advantages such as high insulation resistance, low dielectric losses,
and excellent self-healing properties. These attributes make film capacitors
ideal for a wide range of applications, including power factor correction,
motor run and start, lighting ballasts, and electronic circuitry. The dominance
of film capacitors can be attributed to their ability to meet the diverse needs
of industries like manufacturing, consumer electronics, and renewable energy.
They excel in applications where stable capacitance values and long-term
reliability are essential. Moreover, as India places increasing emphasis on energy
efficiency and sustainability, film capacitors play a pivotal role in power
factor correction and renewable energy systems, further bolstering their
significance.
Key market players in the India
electrical capacitor market include:
- 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.
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“West region is projected to
experience the highest compound annual growth rate (CAGR) during the forecast
period. This projection is emblematic of the region's economic dynamism and
industrial prowess. Mumbai, known as the financial capital of India, houses a
myriad of financial institutions and corporate entities that heavily rely on
electrical capacitors for power factor correction, voltage stabilization, and
energy efficiency. Furthermore, the city's thriving information technology and
services sector amplifies the demand for capacitors in ensuring seamless
operations and safeguarding critical IT infrastructure.
Pune, a burgeoning industrial
and manufacturing hub, is a key contributor to the region's dominance in the
electrical capacitor market. The automotive, engineering, and manufacturing
sectors in Pune depend on capacitors for motor operations, power quality
enhancement, and optimal utilization of electrical resources. Additionally,
Western India's strategic significance as a major transportation and logistics
nexus underscores the critical role of capacitors in maintaining the
reliability and efficiency of supply chain operations. As the Western region
continues to drive India's economic growth and technological advancements, the
demand for electrical capacitors across diverse industries is set to surge,
solidifying its position.” said Mr. Karan Chechi, Research Director with
TechSci Research, a research-based Global management consulting firm.
“India Electrical Capacitor Market Segmented by Product Type
(Electrolytic Capacitor, Film Capacitor, Ceramic Capacitor, and Others), By
Application (Consumer Electronics, Telecom, IT Hardware, Industrial, and Others), By Region,
Competition, Forecast & Opportunities, 2019-2029”, has
evaluated the future growth potential of electrical capacitor and provides statistics and information on market structure,
size, share, and future 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 the India electrical
capacitor market.
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