According to the TechSci Research report, “India Supercapacitors Market - By Region, Competition Forecast & Opportunities 2030F,” the India Supercapacitors Market was valued at USD 235 Million in 2024 and is projected to reach USD 545.61 Million by 2030, growing at a CAGR of 14.9% during the forecast period. Industrial growth in India is a key driver for the supercapacitors market, fueled by advancements in manufacturing, data centers, and telecommunications.
As demand for reliable power backup systems increases, supercapacitors are becoming more widely used for uninterruptible power supply (UPS) systems, offering rapid energy discharge to prevent equipment failure and data loss. Supercapacitors are also used in various industries for high-power applications, such as cranes, forklifts, and conveyor belts. With growing sectors like automotive, electronics, and telecommunications, industries need efficient energy storage and backup solutions.
Supercapacitors’ low maintenance, reliability, and long lifespan make them a compelling choice for reducing downtime. Additionally, the rise of smart manufacturing and automation in India is expected to further drive the adoption of supercapacitors in energy management systems, promoting market growth.
North India is the fastest-growing region in the India Supercapacitors Market, propelled by rapid industrialization, a rise in electric vehicle (EV) demand, and a focus on renewable energy projects. Key cities like Delhi, Gurgaon, Noida, and Chandigarh are becoming important hubs for automotive manufacturing, especially in the EV sector, leading to increased supercapacitor demand.
As part of India’s push for cleaner energy through the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme, North India is witnessing significant growth in manufacturing and infrastructure. The region’s emphasis on solar and wind energy also boosts the demand for supercapacitors in energy storage systems.
Supercapacitors help stabilize energy grids, supporting renewable energy growth in states such as Haryana, Punjab, and Uttar Pradesh. Furthermore, North India’s tech industry, data centers, and large-scale manufacturing sectors rely on supercapacitors for efficient energy management, supporting market expansion. With favorable government policies and a focus on clean energy, North India is set to remain the fastest-growing region in the supercapacitors market.
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The Double-Layer Capacitor (DLC) segment dominates the India Supercapacitors Market and is expected to maintain its leading position throughout the forecast period. DLCs, or Electric Double-Layer Capacitors (EDLCs), are favored for applications requiring high power density and rapid charge/discharge cycles, such as in electric vehicles (EVs), energy storage systems, and industrial applications. DLCs store energy via electrostatic charge between two conductive plates, making them ideal for short bursts of energy in applications like backup power systems.
Their long lifespan, fast charge/discharge times, and higher energy efficiency make them especially suitable for India’s growing electric mobility sector and renewable energy initiatives. As demand for EVs and grid storage solutions increases in line with India’s commitment to cleaner energy, the need for DLCs continues to grow.
Additionally, DLCs are less affected by temperature fluctuations, making them reliable in India’s varied climate. Their ability to integrate with batteries in hybrid systems further drives adoption in commercial and consumer applications. Innovations in materials like activated carbon and graphene are enhancing DLC performance, ensuring its continued dominance in the market. With the Indian government’s strong focus on sustainability, electric mobility, and clean energy, the DLC segment is poised for ongoing growth and technological advancement.
Key market players in the India Supercapacitors Market are: -
- Maxwell Technologies Korea Co., Ltd.
- Panasonic Holdings Corporation
- Murata Manufacturing Co., Ltd.
- Cap-XX Limited
- Eaton Corporation
- Seiko Instruments Inc.
- KEMET Corporation
- Rubycon Corporation
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“The India Supercapacitors Market presents significant opportunities driven by the increasing demand for sustainable energy solutions. The rapid adoption of electric vehicles (EVs) is a key growth driver, as supercapacitors enhance vehicle performance by providing quick bursts of energy and improving battery efficiency. Additionally, the expansion of renewable energy projects, particularly in solar and wind power, creates opportunities for supercapacitors in energy storage systems, balancing grid fluctuations and optimizing energy use.
The industrial sector, focusing on energy efficiency and uninterrupted power supply systems, also presents growth potential for supercapacitors in applications like automation, backup power, and energy management. Government incentives for clean energy technologies, coupled with a shift toward sustainable transportation and industrial practices, further boost the market’s prospects. As technological advancements continue to enhance performance and reduce costs, the India Supercapacitors Market is poised for robust growth in the coming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based Global management consulting firm.
“India Supercapacitors Market By End User (Consumer Electronics, Energy, Industrial, Automotive, Others), By Type (Double-Layer Capacitor, Pseudo capacitors, Hybrid Capacitors), By Capacitance (Less Than 1F, 1F to 100F, More than 100F), By Region, Competition, Forecast and Opportunities 2020-2030F” has evaluated the future growth potential of India Supercapacitors Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India Supercapacitors Market.
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