Based on the forecast data for 2024-2028, the export volume of fixed power capacitors from India shows a consistent and modest growth trend. The expected year-on-year variations are as follows:
- 2024-2025: 1.38% increase
- 2025-2026: 1.33% increase
- 2026-2027: 1.29% increase
- 2027-2028: 1.24% increase
Over the five-year period, the Compound Annual Growth Rate (CAGR) is estimated at approximately 1.31%.
The export market for fixed power capacitors from India is likely to continue growing steadily. Key factors to monitor include technological advancements in capacitor design, global demand for electrical components, and potential changes in trade policies. Additionally, the expansion of renewable energy projects and the automotive industry's shift towards electric vehicles could further bolster demand.
