Rising adoption of latest electronic devices
such as smartphones, tablets, etc., along with growing popularity of renewable
energy sources, electric mobility and smart grid to drive India electrical
capacitor market through 2023
According to TechSci Research
report, “India
Electrical Capacitor Market By Product Type, By Application,
Competition Forecast & Opportunities, 2013-2023”, India
electrical capacitor market is forecast to reach $ 625 million by 2023, owing
to increasing penetration of smart devices and rising inclination towards
renewable energy sources. Moreover, the concept of electric mobility and smart
grid is gaining momentum in India, which is further pushing demand for
electrical capacitors as they are used in electric vehicles as well as smart
grids. Moreover, government of India is increasingly focusing on improving domestic
manufacturing scenario, which is anticipated to positively influence India
electrical capacitor market through 2023. EPCOS India Pvt. Ltd., Globe Capacitors Limited, Deki Electronics
Limited and Keltron Component Complex Limited are some of the major companies
operating in India electrical capacitor market.
Browse 45 market data Figures and Tables spread through 91 Pages
and an in-depth TOC on "India Electrical Capacitor Market"
Among product types, electrolytic
electrical capacitor dominated India electrical capacitor market in 2017, and the
product segment is likely to maintain its dominance during forecast period as
well on account of high demand for electrolytic capacitors in consumer
electronics, including mobile phones, laptops, air conditioners, refrigerators,
washing machines, etc., as well as telecommunications sector. However, film
electrical capacitor segment is expected to grow at the fastest CAGR during
forecast period due to its increasing demand in consumer electronics, lighting and
high speed internet access.
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“A
large demand for electrical capacitors emanates from South India due to presence
of large electronic manufacturing base in this region. However, in the coming
years, demand from North region is anticipated to grow at the fastest pace. Rising
inclination towards HVDC (High Voltage Direct Current) transmission technology,
is expected to significantly boost demand for electrical capacitors across
India in the coming years. Additionally, increasing use of electric energy
storage systems to store energy would further steer growth in the market during
the forecast period.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“India Electrical Capacitor Market By Product Type, By Application, Competition Forecast & Opportunities, 2013-2023” has evaluated the future growth potential of India electrical capacitor market and provides statistics and information on market size, structure and future market growth. The report offers decision makers superior market intelligence, thereby enabling them to conduct thorough investment appraisal. Besides, the report also analyzes the evolving market trends along with drivers, challenges and opportunities in India electrical capacitor market.
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