India Low Voltage Capacitor Market To Be Driven By Modernization Of Existing Power Infrastructure By 2029
The India
Low Voltage Capacitor Market is being driven by rising demand for improved
power quality and growing use of renewable energy sources, which are expected
to grow between 2025 and 2029.
According to
TechSci Research report, “India Low Voltage Capacitor Market - By Region,
Competition, Forecast & Opportunities, 2019-2029”, India Low Voltage
Capacitor Market is expected to register robust growth during the forecast
period, 2025-2029. Low voltage capacitors are primarily used in power
factor correction, motor starting, and other similar applications.
The increasing
need for smart components owing to rising demand for consumer electronics and
electric vehicles in the country is expected to boost electric capacitor market
growth during the forecast period. Furthermore, the government's aim to
manufacture its own consumer durable products is expected to fuel market
growth. Low voltage capacitors are used for power factor correction in
electrical systems. They improve the efficiency of electrical equipment by
reducing reactive power, resulting in reduced energy consumption and lower
electricity bills. Low voltage capacitors have several benefits for increasing
the efficiency and reliability of electrical systems, as well as cost savings
and environmental benefits. Low voltage capacitors are increasingly being used
in renewable energy systems such as wind turbines and solar panels. Capacitors
are used to regulate the flow of electricity and smooth out any fluctuations in
the electrical output of these systems, making them more efficient and
reliable.
Browse over XX
market data Figures spread through XX Pages and an in-depth TOC on the "India Low Voltage Capacitor Market.”
The India Low
Voltage Capacitors market is segmented into type, voltage capacity,
applications, and region. Based on type, the market is segmented into ceramic
capacitor, aluminum capacitor, plastic film capacitor and tantalum capacitor.
Based on voltage capacity, the market is further divided into upto 200V and
200-500V and more than 500V. Based on application, the market is further
segmented into consumer electronics, automotive, home appliances, computer
& peripheral, and industrial power factor correction. On the basis of
region, the market is divided into East India, West India, North India, and
South India.
Key market
players in the India Low Voltage Capacitor Market include:
- ABPS Solution
Pvt. Ltd, SHARDA Electronics & Co
- Hitachi Energy
India
- Arteche
Smartgrid India Private Limited
- Powercap
Capacitors Pvt. Ltd
- Siemens Limited
- Universal
Cables, Ltd.
- Energe
Capacitors (P) Ltd
- GE T&D
India Limited
- Eaton India
Customers can also request for 10% free customization on this report.
“The Low
Voltage Capacitor market in India is expected to grow quickly between 2023 and
2029 owing to growing electricity demand, an increase in the number of renewable
energy projects, and government attempts to modernize the country's power
infrastructure. Furthermore, the research states that the Indian government's
push for smart grid initiatives, as well as the growing demand for
energy-efficient gadgets, are projected to drive demand for low voltage
capacitors in the country.
In conclusion,
the India low voltage capacitor market is likely to grow significantly during
the forecast period owing to a variety of factors such as rising electricity
demand, an increase in the number of renewable energy projects, and government
attempts to strengthen the country's power infrastructure. Owing to such
factors, the Low Voltage Capacitor market in India is expected to rise steadily
during the forecast period, “ said Mr. Karan Chechi, Research Director with
TechSci Research, a research-based global management consulting firm.
India Low
Voltage Capacitors Market by Type (Ceramic Capacitor, Aluminum Capacitor,
Plastic Film Capacitor and Tantalum Capacitor), By Voltage Capacity (UPTO 200V,
200-500V,more than 500V),By Application (Consumer Electronics, Automotive, Home
Appliances, Computer & Peripheral and Industrial Power Factor Correction),
By Region, Competition, Forecast & Opportunities, 2029F has assessed the India Low Voltage Capacitor
market's future development potential and provides data and information on
market size, structure, and projected market growth. The report's goal is to
give current market knowledge and assist decision makers in making informed
investment decisions. Furthermore, the study identifies and analyses emerging
trends, as well as key drivers, constraints, and opportunities in the India Low
Voltage Capacitor market.
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