The market for electrical capacitors in India is expected to grow at a CAGR of around 3.6% during 2014 – 19. Major demand for capacitors is likely to come from consumer durable, IT hardware, industrial & infrastructure, and automotive sector.
Region-wise, a large chunk of demand would emanate from southern region of the country due to the presence of various electronic and hi-tech zones across cities like Bangalore Chennai and Hyderabad. Electrolytic and ceramic electrical capacitors are projected to contribute a lion’s share in overall market revenues during the forecast period. Adoption of other capacitors such as polymer & hybrid capacitors, solid double layer capacitor (super capacitor) and multi-layer ceramic capacitor would also increase by 2019.
Over the last few years, the demand for electrical products like capacitors has been on the rise in India. Being a passive electrical component, capacitors are widely being integrated in consumer electronics, telecom devices, automotive equipment, and IT hardware. Capacitors are used in manufacturing most of the popular and fast selling consumer electronic devices such as smartphones, laptops, desktop PCs, tables, camcorders, etc. Recent government initiatives towards digitization have further influenced the demand for electrical capacitors in the country. However, India has very limited manufacturing base for capacitors, predominantly due to existing technological challenges and lack of skilled manpower. As a result, the country mainly relies on imports from other Asian countries like China, Japan, South Korea and Singapore.
