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Power capacitors form a small part of the electrical equipment industry in India. Their use is indispensable in the energy efficient systems as it is helps to reduce the overall power factor (PF) of the system. It is a cheaper product as compared to the other electrical equipments and with growing energy efficiency needs, its use and demand is rising rapidly. A cumulative growth in the Indian power sector is providing a fillip to the market. Growth in industrial sector is giving rise to demand for capacitors especially low tension capacitors. The application of capacitors is increasing across industries to save energy. Majority of it is supplies to the state electricity boards, DISCOMS and utilities in India. In order to meet the growing power generation capacities in India, power capacitors are likely to register a rapid growth in the future. Exports of the same are increasing rapidly to countries like China, Germany, Turkey and Spain.
The report begins with an introduction to power capacitors market providing a brief description along with the types that are functional in India. It gives a clear overview of the uses of capacitors in the market. The market overview section provides an insight into the market as well as the market size and growth of capacitors on the basis of volume. Market segmentation on the basis of types is highlighted. The size and growth of the market on the basis of value has been added along with the product segmentation. Import and export figures of capacitors in the Indian market have been incorporated.
An analysis of the drivers explains the factors for growth of the industry including growing focus on energy efficiency, growth in wind power sector, government initiatives and growing use of metallised polyproplene (mPP) technology. The key challenges include raw material costs and supply, technological backwardness and archaic business practices of state electricity boards.
The competition section provides an overview of the competitive landscape in the industry along with market share of players in LT and HT capacitors segment on the basis of volume respectively. It includes a brief profile of the major players in the market including their financials.
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