Capacitors are one of the most efficient of manmade electrical products and have one of the widest ranges in terms of ratings and applications: covers the entire spectrum from a few pico Farads to Farads, few volts to Mega volts, micro amperes to Mega amperes, DC to few Giga Hertz … Capacitors provide reactive power compensation, transient suppression, harmonic filtering and is a key element of the transition of power from 2 dimension (Quantity & cost) to 3 dimension (quantity, cost & quality) and helps increase T & D efficiency, drive energy conservation and paves way for sustainable development. CAPACIT held once in four years by IEEMA provides a platform to discuss the latest developments in Capacitor technology, recent advances and futuristic trends. This International Conference provides a common and a unique platform to all the stake holders such as manufacturers of capacitors and raw materials for capacitors, manufacturers of power conditioning devices, users of capacitors and power conditioning devices from industries and utilities, regulators, research and development organizations, testing and standardization organizations, academicians and students. The event is marked by 2 days of knowledge sharing amongst various stakeholders and intense deliberations sharing recent developments, operational experience, and requirements for future. With power sector globally and specifically in India poised for a quantum growth in size as well as quality and reliability of delivery, punctuated by emerging trends such as smart grids, electric mobility, distributed / embedded generation, large scale integration of renewable energy sources in electrical power grid, the subject of power quality and capacitors assumes a larger importance. Reactive Power management is an essential element of any electrical power network and with emphasis on sustainable development and energy conservation the reduction of network losses has gained significant importance. The use of Capacitors is long been accepted as the most practical solution to improve power factor in any electrical power system. Application of capacitors has multiple benefits such as reduction in current losses, reduction in demand, better asset management, deferred capital expenditure, enhanced voltage stability margins, higher quality of power, release of blocked capacity etc. While monetary incentives (or penalties) have played a major role in improving power quality, increased awareness of power quality, standard & norms and quantification of benefits of power conditioning have given added momentum. The market size of this Industry as against the size of the overall T & D equipment industry is very low in India as compared to other developed countries. With still low per-capita energy consumption, it is expected that the demand for power / energy will continue and will support the growth and development of capacitor and power quality industry. The industry delivers multiple products such as low and medium voltage shunt power capacitors, medium voltage series capacitors, surge capacitors, energy capacitors, capacitors for appliances, harmonic filters, static VAR compensators etc. for multiple applications such as reactive power compensation, harmonic filtering, transient suppression, energy storage etc. India's rapid electrification and development of electrical network in the recent years have led to an unprecedented development of power capacitor industry. Increasing growth of HVDC transmission technology and advanced SVC is expected to drive the future need for capacitors. Growth in renewable energy sources, specifically wind and solar energy and need for large scale grid integration of renewable energy sources is expected to be a potential target area for capacitors as well as power conditioning solutions. Evolving grid codes is expected to drive the business for power as well as energy storage capacitor. Electric mobility is another emerging segment that is likely to be a growth driver for capacitors coupled with high speed electrical traction. Proliferation of non-linear loads and stringent norms for harmonic distortion is expected to drive the demand for harmonic filter capacitor and harmonic filtering solutions. Electrical energy storage system and smart grids are futuristic potential growth drivers for the industry.