The rising use of discrete capacitors in consumer electronic to boost the Discrete Capacitors Market growth

 

Discrete Capacitors Market by Type (Ceramic capacitor, Aluminium capacitor, Paper & plastic AC & DC film capacitor, Tantalum capacitor), By Application (Telecom, Computers, Consumer, Automotive), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)- Size, Share, Outlook, and Opportunity Analysis, 2022 – 2030

The global Discrete Capacitors Market is estimated to be valued at US$ 8.5 Billion in 2021 and is expected to exhibit a CAGR of 4.5 % over the forecast period, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Discrete capacitors are electrical compounds that retain energy and uphold positive and deleterious energy on two distinct plates distinguished by an insulator. Discrete capacitors are equipped in one of three basic structures which involve low-loss equipment which have a huge level of capacitance capability.

Competitive Landscape:

Key players involved in the growth of the global Discrete Capacitors Market

are Murata Manufacturing, American Technical Ceramics, SEMCO, Johanson Technology, TAIYO YUDEN, TDK, Dielectric Lab, Cornell Dubilier Electronics and AVX.

Market Key Drivers:

The rising use of discrete capacitors in consumer electronic is expected to boost the growth of global discrete capacitors market.  For instance, the consumer electronics market was valued at US$ 1.10 trillion in 2021 and is expected to rise by US$ 1.70 trillion by 2028.

The rising employment of IoT is projected to propel the growth of global discrete capacitors market. For instance, as per, IoT Analytics' latest survey around 613 companies have adopted IoT platform from 2019.

Covid-19 Impact Analysis:

Covid-19 outbreak has adversely affected the growth of global discrete capacitors market due to strict lockdown. The disruption in supply chain and closure of manufacturing and production units, halt in supply of raw materials has impeded the market growth. The restriction on transporting things from one place to another hindered the growth of market.

Key Takeaways:

The global discrete capacitors market is anticipated to exhibit a CAGR of 4.5 % during the forecast period owing to the rising innovations, advancements and developments. For instance, In April 2019, AVX Corporation declared the TACmicrochip Series with the launch of tantalum capacitor in the marketplace.

Among regions, North America, Europe and Asia Pacific are expected to witness robust growth in global discrete capacitors market due to rising users of consumer electronics, IoT and increasing electronics and semi-conductors. For instance, there around over 2,748 companies in the U.S. using IoT applications.