Supercapacitors Market in India Set to Grow at CAGR 16% till 2022
Declining production cost, expected arrival of domestic supercapacitor
manufacturers and growing awareness about the potential of supercapacitors
anticipated to propel India supercapacitors market through 2022
According to TechSci Research report “India Supercapacitors Market By End User, By Type, By Capacitance, Competition
Forecast & Opportunities, 2012 – 2022”, the
supercapacitors market in India is projected to grow at a CAGR of 16%, in value
terms, during 2017-2022. Backed by continuously declining cost of production, increasing
adoption among end users and government’s aggressive plans aimed at promoting
e-vehicles in the country, India supercapacitors market is expected to register
a robust growth in the coming years. Moreover, growth in consumer electronics
market due to expanding middle class and as well as per capita income levels is
anticipated to boost demand for supercapacitors in India during the forecast
period.
Browse 2 market data Tables and 27 Figures spread through 92
Pages and an in-depth TOC on "India Supercapacitors Market"
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Supercapacitors are a specially designed electric device with very high
capacitance and low voltage. They are used to store extremely high electric
power with properties for quick charge and discharge. Owing to these
properties, supercapacitors are widely used in consumer appliances (laptops,
TVs, smartphones, cameras, GPS devices, RFID readers, etc.), energy (solar,
wind, storage) and automobiles (fully and hybrid electric vehicles,
regenerative braking systems). With the evolution of several technologies,
supercapacitors’ applications are also expected to expand to numerous new
domains in future.
According to Mr. Karan Chechi, Research Director with TechSci Research, a research
based global management consulting firm,
“Compared to other major economies, the market size of supercapacitors in India
is significantly smaller. However, there are several fundamental factors that
would aid the growth of the market in the future. Some of the major challenges
hindering the growth of supercapacitors market in India are a near-complete
reliance on expensive imports, lack of a conducing ecosystem to support the
growth of a new technology and a relatively low degree of awareness among
potential end-users. Nevertheless, the market is expected to witness brighter
day ahead with domestic manufacturers expected to foray into India
supercapacitors market.”
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“India Supercapacitors Market By End User, By Type, By
Capacitance, Competition Forecast & Opportunities, 2012 – 2022” has evaluated India supercapacitors market
and has provided statistics and information on market structure, competitive
landscape, industry behavior, key challenges and drivers. The report includes
market estimations and forecasting for supercapacitors in different end-user
sectors and market share by form and capacitance. The report is intended to
provide cutting-edge market intelligence and help existing and prospective
stakeholders (manufacturers, suppliers, distributors and investors) make
informed decisions. Besides, the report also identifies and analyses key emerging
trends that are expected to affect the future market dynamics, along with strategic
recommendations for India supercapacitors market.
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