The Indian advanced ceramics market is projected to grow at a significant CAGR of 10.1% during the forecast period. The key factors that drive the market growth include the rising energy & power sector in the country. India’s power sector is one of the significantly diversified sectors across the globe. According to IBEF, a total installed capacity of power stations in India stood at 356.82 Gigawatt (GW) as of May 2019. The increased demand for energy along with the government’s support is likely to contribute majorly to the growth of the India advanced ceramics industry over the forecast period. Indian Government is primarily focused on attaining ‘Power for all’ that has boosted capacity addition in the country.
Browse the full report description of "India Advanced Ceramics Market Size, Share & Trends Analysis Report by Class Type (Monolithic Ceramics, Ceramic Matrix Composites, and Ceramic Coatings), and by End-user Industry (Electrical & Electronics, Automotive, Healthcare, Defense & Security, and Others), and Forecast 2020-2026" at https://www.omrglobal.com/industry-reports/india-advanced-ceramics-market
Further, the continuous investments and contributions in strengthening the energy and power sector by the country’s government also support the growth of the market. For instance, the Ministry of New and Renewable Energy by the Indian government has rolled out various schemes to strengthen the energy and power sector of the country. India sees a wide scope for solar energy development especially from the sunniest sites in the country such as Gujarat, Rajasthan, and Andhra Pradesh. Along with the extensive R&D projects in solar energy, foreign investments also create opportunities in India, which in turn, will enhance the growth of the market.
Market Coverage
Key questions addressed by the report
o Recovery Timeline
o Deviation from the pre-COVID-19 forecast
o Most affected segment
India Advanced Ceramics Market – Segmentation
By Class Type
By End-user Industry