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The
rising demand for internet of thing (IoT) is an important factor
predicted to fuel the demand for discrete capacitors in the next few
years. The growing popularity of IoT devices along with increased use
of sensors & capacitors are expected to augment the usage of
sophisticated discrete capacitors with high capacitance. In addition,
the rising trend of miniaturizing consumer electronic devices is also
projected to boost the demand for these smaller and technologically
advanced capacitors. Furthermore, the rising demand for them in the
renewable energy sector is also estimated to create an opportunity
for the market in the next few years. Discrete capacitors are
utilized abundantly in the wind industry in order to provide short
bursts of heavy force exertion necessary for altering blade pitch.
They also help electric grids run closer to their full capacity as
opposed to the initial 90%.
The
global discrete capacitor market is segmented on the basis of
configuration type into the following categories: low loss, medium
loss, and electrolytic. Electrolytic capacitors generate
comparatively high demand due to their increasing requirement in the
health care, information & telecommunication, and automotive
sectors. In terms of product type, the market is divided into the
ceramic, aluminum, paper & plastic AC & DC film, and tantalum
varieties. Ceramic capacitors are expected to dominate the market due
to their excellent dielectric properties, low cost, reliability,
improved life, and robust performance.
Discrete
capacitors also find applications across various end-user segments
including information & telecommunication, health care, consumer
electronics, automotive, and others. Among the various end-users, the
information & telecommunication sector is likely to dominate the
market and capture a major market share. With the increasing demand
for advanced smartphones, the usage of small-scale tantalum chip
capacitors has also increased. The number of capacitors used in
smartphones is higher than that in traditional phones which is
projected to boost the demand for discrete capacitors in the
telecommunication sector. The automotive and health care segments are
also estimated to exhibit moderate growth owing to their use of
highly efficient equipment, rapid advancements in health care, and
the increasing awareness about safety.
Geographically,
the global discrete capacitor market has been distributed over North
America, Europe, Asia Pacific, Middle East & Africa, and Latin
America. The market in Asia Pacific is estimated to witness a high
growth rate during the forecast period owing to the presence of
prominent players such as Sony, Samsung, and LG which have introduced
numerous smart TV models, the functioning of whom discrete capacitors
play an important role. Technologies including network interface and
LED require efficient functioning of the capacitors installed in the
product. However, demand for more features in smart television sets
is predicted to propel the discrete capacitor market.
Key
vendors operating in the global discrete capacitor market include AVX
Corporation (The U.S), ASC Capacitors (The U.S), Murata Manufacturing
Co., Ltd (Japan), KEMET Corporation (The U.S), Matsuo Electric Co.
Ltd. (Japan), Maxwell Technologies (The U.S), American Technical
Ceramics Corporation (The U.S), Matsuo Electric Co., Ltd (Japan), AFM
Microelectronics Inc. (The U.S) and others
The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
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