Market Forecast By Type (Aluminium, Ceramic, Tantalum, Paper and Film, Supercapacitor, Others), By Polarization (Polarized, Non-Polarized), By Voltage (High Voltage, Low Voltage), By Mounting Type (Large Cans, Small Cans, Through-hole, Surface Mount), By Industry Vertical (Consumer Electronics, Automotive, Communication & Technology, Energy & Power, Industrial Electronics, Others) And Competitive Landscape
Product Code: ETC062563 | Publication Date: Aug 2023 | Updated Date: Jan 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
India Electric Capacitor market currently, in 2023, has witnessed an HHI of 2438, Which has decreased slightly as compared to the HHI of 2560 in 2017. The market is moving towards moderately competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Report Name | Indian Electric Capacitor Market |
Forecast period | 2025-2031 |
CAGR | 7% |
Growing Sector | Renewable Energy Sector |
India Electric Capacitor Market report thoroughly covers the market By Type, By Polarization, By Voltage, By Mounting Type and By Industry Vertical. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
India electric capacitor market is characterized by rapid innovation, driven by the growing demand for capacitors across various industries such as automotive, telecommunications, energy, and consumer electronics. The increasing focus on renewable energy projects and smart grid systems has further propelled the need for advanced capacitor technologies. Additionally, rising consumer awareness about energy-efficient solutions and supportive government policies have amplified the adoption of high-performance capacitors.
According to 6Wresearch, the India Electric Capacitor Market is anticipated to grow at a CAGR of 7% during the forecast period 2025-2031. The growth of the India electric capacitor market is fueled by ongoing urbanization, industrialization, and the rapid expansion of sectors such as renewable energy and electric vehicles. The government's push for "Make in India" and initiatives to boost domestic manufacturing capacities have provided additional momentum to the market. Furthermore, the rising penetration of smart home devices and energy-efficient appliances has increased the demand for high-quality capacitors to ensure reliable performance.
Despite the optimistic outlook, the market faces several challenges. One significant hurdle is the fluctuating raw material prices, which directly impact production costs and profit margins for manufacturers. Additionally, the market encounters intense competition from low-cost imports, which may affect the competitiveness of local players. Another critical challenge includes the need for significant investment in research and development to stay up-to-date with evolving technologies and meet increasing demands for advanced capacitor solutions. Addressing these challenges will be essential for the sustained development of the India electric capacitor market.
India electric capacitor industry is poised to experience significant growth in the coming years, driven by several emerging trends. One of the key trends shaping the market is the increasing adoption of renewable energy sources and technologies, such as solar power and wind energy. As India’s clean energy sector expands, demand for capacitors in this segment is expected to rise significantly. Another major trend is the growing use of electric vehicles (EVs) in India, propelled by government initiatives promoting EV adoption and infrastructure development. With EV production expected to soar in the coming years, the demand for high-capacity capacitors used in battery systems will also increase.
In addition, with 5G technology gaining momentum globally and being rolled out in India, there is a growing need for advanced capacitors in the telecommunications industry. High-speed data transmission and communication networks require high-performance capacitors, making this sector a key contributor to market growth. Furthermore, the increasing focus on environmental sustainability and energy efficiency has led to the demand for eco-friendly and efficient capacitor solutions. This trend is expected to continue as manufacturers seek ways to reduce their carbon footprint and comply with regulations promoting sustainable practices.
The India electric capacitor market offers a wealth of investment opportunities for both domestic and international stakeholders. The rapidly growing adoption of electric vehicles (EVs), renewable energy systems, and the expansion of digital infrastructure has created a significant demand for advanced capacitor technologies. Investors can capitalize on the increasing requirement for high-capacity capacitors in solar and wind energy projects, as well as in EV charging infrastructure. Additionally, government initiatives like the Production Linked Incentive (PLI) schemes and policies promoting local manufacturing have made India a lucrative destination for establishing capacitor production units.
Collaborating with emerging startups and R&D centers also presents a prime opportunity for accessing innovative solutions and cutting-edge technologies. Furthermore, with the rise in 5G deployment and the proliferation of consumer electronics, companies in telecommunications and electronics are likely to be major contributors to capacitor demand. Investing in this dynamic market not only ensures alignment with industry growth trends, but also drives participation in India’s sustainable and digital transformation.
The India electric capacitor market features a mix of domestic and international players, each contributing to its dynamic growth. Leading companies such as EPCOS India Pvt. Ltd. (a TDK Group company), Panasonic India, Yageo Corporation, Murata Manufacturing Co., and AVX Corporation hold significant shares due to their strong product portfolios and advanced technologies. Domestic manufacturers like Deki Electronics Ltd. and Keltron have also carved a niche by providing high-quality, cost-effective solutions tailored to the needs of the local market.
The Indian government has implemented various regulations and policies to streamline and promote the India Electric Capacitor Market Growth. Regulatory bodies, such as the Bureau of Indian Standards (BIS), have established quality standards to ensure the safety and efficiency of capacitors used in different applications. Additionally, the government’s focus on environmental sustainability has led to the enforcement of RoHS (Restriction of Hazardous Substances) compliance, encouraging manufacturers to adopt eco-friendly materials and processes.
Tax benefits and incentives under programs like the Production Linked Incentive (PLI) scheme for electronics manufacturing further support domestic production. These regulatory measures not only boost the local capacitor industry but also align India’s market with global standards, fostering competitiveness and innovation. Overall, the Indian government’s initiatives and regulations play a critical role in shaping the growth and development of the electric capacitor market in India.
The future of the India electric capacitor market looks promising, driven by the growing emphasis on renewable energy adoption and the rapid expansion of the automotive and electronics industries. With increasing investments in green energy initiatives, the demand for energy-efficient components, including capacitors, is expected to surge. The proliferation of electric vehicles (EVs) across India is likely to further stimulate the demand for advanced capacitors, such as supercapacitors, for high-power storage and fast charging needs. Additionally, advancements in capacitor technologies, such as the development of hybrid capacitors and enhanced dielectric materials, are projected to fuel innovation and provide new opportunities for manufacturers.
Furthermore, the Government of India’s push toward electrification in rural areas and initiatives like the "Make in India" campaign are expected to bolster domestic manufacturing of capacitors. The continued digitalization across industries, increased penetration of consumer electronics, and advancements in telecommunication infrastructure, including the rollout of 5G, are poised to significantly impact the market trajectory. Overall, the India electric capacitor market is anticipated to witness robust growth, underpinned by evolving technological trends and rising industrial demands.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
According to Sachin, Senior Research Analyst,6Wresearch, the supercapacitor segment is expected to experience significant growth due to its rising applications in renewable energy systems, electric vehicles, and high-power energy storage solutions. The increasing focus on sustainable energy and advancements in technology have driven demand for supercapacitors, which offer higher energy densities and faster charging capabilities compared to traditional capacitors.
The Non-Polarized segment is expected to experience notable growth, primarily due to its versatility and adaptability across various AC and DC applications. These capacitors are widely used in industries such as automotive, power electronics, and lighting systems, where reliability and broad functionality are crucial.
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Electric Capacitor Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Electric Capacitor Market Revenues & Volume, 2021 & 2031F |
3.3 India Electric Capacitor Market - Industry Life Cycle |
3.4 India Electric Capacitor Market - Porter's Five Forces |
3.5 India Electric Capacitor Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Electric Capacitor Market Revenues & Volume Share, By Polarization, 2021 & 2031F |
3.7 India Electric Capacitor Market Revenues & Volume Share, By Voltage, 2021 & 2031F |
3.8 India Electric Capacitor Market Revenues & Volume Share, By Mounting Type, 2021 & 2031F |
3.9 India Electric Capacitor Market Revenues & Volume Share, By Industry Vertical, 2021 & 2031F |
4 India Electric Capacitor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Electric Capacitor Market Trends |
6 India Electric Capacitor Market, By Types |
6.1 India Electric Capacitor Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Electric Capacitor Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 India Electric Capacitor Market Revenues & Volume, By Aluminium, 2021 - 2031F |
6.1.4 India Electric Capacitor Market Revenues & Volume, By Ceramic, 2021 - 2031F |
6.1.5 India Electric Capacitor Market Revenues & Volume, By Tantalum, 2021 - 2031F |
6.1.6 India Electric Capacitor Market Revenues & Volume, By Paper and Film, 2021 - 2031F |
6.1.7 India Electric Capacitor Market Revenues & Volume, By Supercapacitor, 2021 - 2031F |
6.1.8 India Electric Capacitor Market Revenues & Volume, By Others, 2021 - 2031F |
6.2 India Electric Capacitor Market, By Polarization |
6.2.1 Overview and Analysis |
6.2.2 India Electric Capacitor Market Revenues & Volume, By Polarized, 2021 - 2031F |
6.2.3 India Electric Capacitor Market Revenues & Volume, By Non-Polarized, 2021 - 2031F |
6.3 India Electric Capacitor Market, By Voltage |
6.3.1 Overview and Analysis |
6.3.2 India Electric Capacitor Market Revenues & Volume, By High Voltage, 2021 - 2031F |
6.3.3 India Electric Capacitor Market Revenues & Volume, By Low Voltage, 2021 - 2031F |
6.4 India Electric Capacitor Market, By Mounting Type |
6.4.1 Overview and Analysis |
6.4.2 India Electric Capacitor Market Revenues & Volume, By Large Cans, 2021 - 2031F |
6.4.3 India Electric Capacitor Market Revenues & Volume, By Small Cans, 2021 - 2031F |
6.4.4 India Electric Capacitor Market Revenues & Volume, By Through-hole, 2021 - 2031F |
6.4.5 India Electric Capacitor Market Revenues & Volume, By Surface Mount, 2021 - 2031F |
6.5 India Electric Capacitor Market, By Industry Vertical |
6.5.1 Overview and Analysis |
6.5.2 India Electric Capacitor Market Revenues & Volume, By Consumer Electronics, 2021 - 2031F |
6.5.3 India Electric Capacitor Market Revenues & Volume, By Automotive, 2021 - 2031F |
6.5.4 India Electric Capacitor Market Revenues & Volume, By Communication & Technology, 2021 - 2031F |
6.5.5 India Electric Capacitor Market Revenues & Volume, By Energy & Power, 2021 - 2031F |
6.5.6 India Electric Capacitor Market Revenues & Volume, By Industrial Electronics, 2021 - 2031F |
6.5.7 India Electric Capacitor Market Revenues & Volume, By Others, 2021 - 2031F |
7 India Electric Capacitor Market Import-Export Trade Statistics |
7.1 India Electric Capacitor Market Export to Major Countries |
7.2 India Electric Capacitor Market Imports from Major Countries |
8 India Electric Capacitor Market Key Performance Indicators |
9 India Electric Capacitor Market - Opportunity Assessment |
9.1 India Electric Capacitor Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Electric Capacitor Market Opportunity Assessment, By Polarization, 2021 & 2031F |
9.3 India Electric Capacitor Market Opportunity Assessment, By Voltage, 2021 & 2031F |
9.4 India Electric Capacitor Market Opportunity Assessment, By Mounting Type, 2021 & 2031F |
9.5 India Electric Capacitor Market Opportunity Assessment, By Industry Vertical, 2021 & 2031F |
10 India Electric Capacitor Market - Competitive Landscape |
10.1 India Electric Capacitor Market Revenue Share, By Companies, 2024 |
10.2 India Electric Capacitor Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |