The India Super Capacitor Market Size was estimated at 0.53 (USD Billion) in 2023. The India Super Capacitor Market Industry is expected to grow from 1 (USD Billion) in 2024 to 10 (USD Billion) by 2035. The India Super Capacitor Market CAGR (growth rate) is expected to be around 23.285% during the forecast period (2025 - 2035).
The India Super Capacitor Market is experiencing significant growth, driven by the increasing demand for energy storage solutions across various sectors, particularly in renewable energy and electric vehicles. The government of India's push towards clean energy initiatives and sustainable development is a major factor propelling this market. Programs aimed at promoting electric mobility and reducing reliance on fossil fuels have generated interest in super capacitors, which offer quick charging and high power density, making them ideal for such applications. An opportunity lies in the vast potential for integrating super capacitors in grid energy storage systems.
Super capacitors, in conjunction with renewable energy sources such as solar and wind energy, can be employed to improve the overall stability of the grid and mitigate fluctuations in power supply as India endeavors to improve its energy efficiency. Moreover, the increasing interest of small and medium-sized enterprises in high-performance energy storage solutions has the potential to further stimulate innovation in the super capacitor sector. In India, there has been a recent increase in the number of collaborations between technology firms and research institutions, with a particular emphasis on the development of advanced materials and manufacturing techniques for super capacitors.
It is anticipated that these partnerships will improve the performance of products and decrease expenses, thereby increasing the accessibility of super capacitors for a variety of applications, including the automotive, industrial equipment, and consumer electronics sectors. In addition, the super capacitor market in India is experiencing substantial development as consumers' preferences for high-efficiency energy options and faster charging are evolving in response to the growing awareness of energy conservation and storage needs.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
The demand for energy storage solutions in India is significantly increasing, driven by the government's push towards renewable energy sources. India's draft National Electricity Policy has set a target to reach 500 gigawatts of renewable energy capacity by 2030. This transition necessitates efficient energy storage systems like super capacitors, which offer rapid charging and discharging capabilities. The India Super Capacitor Market Industry is expected to benefit from this ambitious renewable energy target, as super capacitors serve as essential components in stabilizing energy supply and demand.
Major companies such as Tata Power are actively investing in related technology, influencing growth by promoting sustainable energy practices within the nation. This market initiative underscores a substantial shift towards the enhancement of energy storage solutions, which supports the projected growth in super capacitor adoption across various sectors, including electric vehicles and grid stabilization.
The Indian government has initiated various policies and incentives to promote clean and efficient energy technologies, directly impacting the India Super Capacitor Market Industry. Programs such as the Atmanirbhar Bharat initiative aim to boost domestic manufacturing of essential components, including energy storage systems. The government's commitment to reduce carbon emissions by 33-35% from 2005 levels by 2030 exemplifies its focus on fostering sustainable technologies.
This creates a favorable environment for super capacitor manufacturers and suppliers, encouraging investment and collaborations with established players like Bharat Electronics Limited. The increased focus on creating a local manufacturing base will enhance the growth potential of the super capacitor market, stimulating innovation and driving down costs.
Technological advancements in super capacitor technologies, such as the development of new materials and enhanced manufacturing processes, are expected to drive growth in the India Super Capacitor Market Industry. Research conducted by the Indian Institute of Technology has shown that newer materials can significantly improve the energy density and longevity of super capacitors, which is crucial for applications ranging from consumer electronics to automotive sectors.
This improves performance characteristics, making super capacitors more appealing for widespread adoption. With companies such as Godrej & Boyce entering into partnerships for Research and Development projects focusing on advanced materials, the ongoing innovation in technology is vital in meeting the evolving market demands and expanding the potential applications of super capacitors in India.
The rapid growth of the electric vehicle sector in India presents a lucrative opportunity for the super capacitor market. The Indian government has set a target to achieve 30% electric vehicle penetration by 2030, as part of the National Electric Mobility Mission Plan. This aggressive target represents a potential increase of more than 20 million electric vehicles on the roads, all of which will require efficient energy storage solutions like super capacitors for better performance and quicker charge times.
Major automotive manufacturers, including Tata Motors and Mahindra Electric, are exploring partnerships with super capacitor producers to integrate these technologies into their electric models. The collaboration between the electric vehicle industry and the super capacitor sector will be instrumental in supporting infrastructure development and enhancing the overall market growth in India.
The India Super Capacitor Market is witnessing significant growth, driven by the demands of various industries for energy storage solutions that require high efficiency and fast charging capabilities. The market can be categorized mainly into three types: Double Layer Capacitors, Pseudo Capacitors, and Hybrid Capacitors. Double Layer Capacitors are recognized for their excellent energy density and power capacity, making them ideal for applications in renewable energy systems, electric vehicles, and consumer electronics. Their ability to provide quick bursts of energy and their long life cycle are key factors that support their widespread use in industries looking for reliable energy storage options. On the other hand, Pseudo Capacitors, which utilize faradaic electrochemical processes, are gaining traction due to their ability to provide higher energy densities compared to traditional capacitors. This characteristic makes them suitable for applications that require greater energy retention, such as in industrial equipment and next-generation electronic devices. The potential for enhanced performance in applications like automotive systems further drives their adoption in the Indian market.
Furthermore, Hybrid Capacitors combine the features of both Double Layer and Pseudo Capacitors, providing a balanced solution with improved energy and power characteristics. This versatility is crucial for sectors requiring robust energy storage solutions, such as grid energy storage, electric vehicles, and backup power systems. The rise in the adoption of clean energy technologies and the push for sustainable solutions in India are also factors propelling the utilization of these capacitors within various applications.
Emerging trends within the India Super Capacitor Market, including advancements in materials and manufacturing processes, strengthen the position of these segments. However, challenges remain, such as the need for cost-effective production methods to enhance market accessibility. With the increasing investments from government initiatives aimed at promoting electric mobility and renewable energy, the market is poised for substantial growth. This environment facilitates the advancement of supercapacitor technology and its integration into numerous consumer and industrial applications, highlighting their importance in the energy landscape of India. Overall, the Type segmentation within the India Super Capacitor Market reveals a rich array of opportunities shaped by technological innovation and market demand.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
The India Super Capacitor Market, particularly within the Material segment, showcases a remarkable trajectory, fueled by the rising demand for efficient energy storage systems across various applications such as consumer electronics, automotive, and renewable energy. Within this segment, Electrodes play a crucial role as they determine the performance and energy density of supercapacitors. The material composition and surface area of electrodes significantly influence charge storage capabilities, making them a focal point in technological advancements.
Activated Carbon has emerged as a dominant material in supercapacitor production due to its high surface area and porous structure, which enhances capacitance. Additionally, Activated Carbon Fibers represent a novel avenue, offering improved performance characteristics and flexibility, catering to the diverse industry needs, including lightweight applications. The increasing shift towards sustainable energy solutions and the focus on reducing carbon footprints present substantial opportunities within this segment, although challenges such as raw material cost and production scalability remain.
The ongoing Research and Development efforts in material innovation are expected to drive substantial growth, resulting in an evolving landscape of the India Super Capacitor Market centered around these essential materials.
The Application segment of the India Super Capacitor Market demonstrates a significant contribution to the overall industry's growth, supported by a surge in demand across various sectors. The Camera segment is crucial due to the increasing adoption of high-performance cameras, particularly in smartphones and professional photography, where quick charging and rapid energy discharge are essential. Meanwhile, the Laptop segment is experiencing growth owing to the rising need for efficient energy storage solutions that enhance performance and extend battery life.A
s consumers increasingly prioritize portability and performance in electronic devices, the integration of super capacitors into these applications presents considerable advantages. Both segments showcase the potential for innovation and the application of advanced energy solutions, contributing to the evolution of India's electronic landscape. The market growth in these areas is propelled by an emphasis on sustainability and the push for lightweight, compact energy storage options, highlighting the relevance of super capacitors in meeting the aspirations of modern technology trends.With the India's initiatives aimed at promoting electronic manufacturing, the Super Capacitor Market is projected to flourish, driven by robust applications in these critical sectors.
The End User segment of the India Super Capacitor Market showcases diverse applications across various industries, reflecting a robust growth trajectory. In consumer electronics, super capacitors play a critical role in powering devices that require rapid energy bursts, like smartphones and laptops, contributing to enhanced performance and extended battery life. The automotive sector is increasingly adopting super capacitors for regenerative braking systems and energy-efficient solutions in electric and hybrid vehicles, aiming for sustainable transport.
Meanwhile, in manufacturing, super capacitors are becoming essential for energy storage systems, improving operational efficiency and reliability. Government initiatives to promote electric mobility and smart technology further amplify the significance of these segments. The India Super Capacitor Market segmentation indicates that the interplay between evolving technologies and consumer demand will drive innovation and adoption, creating ample opportunities for growth in these key areas. This dynamic landscape highlights the importance of understanding diverse end-user needs and advancing super capacitor technologies to fully capitalize on the market potential within India.
The India Super Capacitor Market has seen significant growth in recent years, driven by increasing demand for energy storage solutions across various sectors such as automotive, consumer electronics, and renewable energy. The competitive landscape of this market is characterized by both established players and emerging companies vying for market share. Companies are investing heavily in research and development to innovate their product offerings and address the growing need for efficient energy solutions. The presence of a robust manufacturing base, coupled with supportive government policies promoting renewable energy initiatives, has contributed to a dynamic and evolving competitive environment in the region. Additionally, factors such as technological advancements and strategic partnerships are shaping the competitive dynamics within the India Super Capacitor Market, leading to a more diverse and competitive marketplace.
Eaton has established a strong presence in the India Super Capacitor Market by focusing on high-performance energy storage solutions that cater to a wide range of applications. The company's strengths lie in its extensive experience in power management and its ability to integrate advanced technologies into its offerings. Eaton's commitment to sustainability and innovation positions it favorably against competitors, as it continuously works on enhancing its super capacitor technologies to achieve better energy efficiency and performance. The brand is recognized for its reliable products, which are critical in sectors that require quick bursts of energy as well as long-term energy storage. Eaton's established distribution network and local partnerships further strengthen its market position, enabling it to respond effectively to customer demands and gain significant traction within India's growing energy storage market.ITM Power has also made notable inroads into the India Super Capacitor Market, leveraging its expertise in energy solutions to deliver innovative products tailored to local needs. The company specializes in advanced electrochemical technologies and is committed to driving the clean energy transition in India.
ITM Power's strengths include a robust portfolio of super capacitor products that are designed for high efficiency and long service life, making them suitable for various applications such as electric vehicles and renewable energy systems. Furthermore, the company has engaged in strategic collaborations and partnerships to enhance its presence in the Indian market and has actively explored potential mergers and acquisitions to bolster its capabilities and product offerings. This proactive approach has allowed ITM Power to position itself as a formidable player in the energy storage sector in India, capitalizing on the increasing demand for sustainable energy solutions and contributing to the broader renewable energy goals set by the country.
The India Super Capacitor Market has seen significant developments in recent months. Various companies are expanding their operations to meet the growing demand for energy storage solutions. Recently, Eaton announced plans to enhance its capacitor manufacturing capabilities in India to cater to the increasing market needs. Kemet Corporation is actively working on optimizing its product range to include advanced supercapacitor technologies. Notably, in August 2023, it was reported that Nesscap Energy secured funding aimed at increasing its production capacity in India. There has been a notable growth in market valuation across companies such as Panasonic and Samsung SDI, reflecting the rise in demand for energy-efficient devices and renewable energy storage. Additionally, recent reorganizations in major firms like Maxwell Technologies and A123 Systems are indicative of strategic alignments aimed at strengthening their market positions in India. Over the last couple of years, collaborations among these companies have focused on Research and Development initiatives to enhance product efficiency and further reduce costs, which supports the overall growth of the supercapacitor market within the region.
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2023 | 0.53 (USD Billion) |
| MARKET SIZE 2024 | 1.0 (USD Billion) |
| MARKET SIZE 2035 | 10.0 (USD Billion) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 23.285% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Billion |
| KEY COMPANIES PROFILED | Eaton, ITM Power, Kemet Corporation, EDLC Innovations, Yogeshwar Power, K capacitor, Capacitor Technologies, Panasonic, Samsung SDI, Vinafco, Nesscap Energy, ACE Technologies, Mitsubishi Electric, Maxwell Technologies, A123 Systems |
| SEGMENTS COVERED | Type, Material, Application, End User |
| KEY MARKET OPPORTUNITIES | Rising demand for renewable energy, Growth in electric vehicle sector, Increasing use in consumer electronics, Advancement in energy storage solutions, Government support for clean technologies |
| KEY MARKET DYNAMICS | growing demand for energy storage, increasing electric vehicle adoption, advancements in renewable energy integration, rising investments in clean technology, government initiatives for sustainable solutions |
| COUNTRIES COVERED | India |
Frequently Asked Questions (FAQ) :
The India Super Capacitor Market is expected to be valued at 1.0 billion USD in 2024.
By 2035, the India Super Capacitor Market is projected to reach a value of 10.0 billion USD.
The expected CAGR for the India Super Capacitor Market from 2025 to 2035 is 23.285%.
By 2035, the Double Layer Capacitor is projected to dominate the market with a value of 4.0 billion USD.
The Pseudo Capacitor segment is valued at 0.3 billion USD in 2024.
Key players in the India Super Capacitor Market include Eaton, Kemet Corporation, Panasonic, and Maxwell Technologies.
The expected market size for the Hybrid Capacitor segment is projected to be 3.0 billion USD by 2035.
Anticipated challenges include technological advancements and competition from traditional energy storage systems.
Key applications driving growth include renewable energy systems, electric vehicles, and consumer electronics.
The current global scenario influences trends, investment opportunities, and competition in the India Super Capacitor Market.
Leading companies partner with us for data-driven Insights.
Kindly complete the form below to receive a free sample of this Report
Analyst Explore the profile of garvit vyas, one of our esteemed authors at market research future, and access their expert research contributions in the field of market research and industry analysis
Get in Touch
© 2025 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
