However, with the advent of IoT, emergence of new requirements for advanced wearable
devices, industrial automation, smart homes, automated cars, and smart and connected
infrastructure are expected to provide substantial demands for supporting equipment, in turn
fueling growth of the discrete capacitors market over the next few years. Moreover,
advancements in the miniaturization of the electronic devices will enhance the requirement of
the less space consuming and efficient discrete capacitors.
Growing focus on renewable energy sources and technological advancements in these
components will present strong growth prospects
Electronics industry participants have witnessed increased inclination towards tantalum
capacitors, for pulse discharge, decoupling and bypass in electronic circuitry. Moreover,
advancement in the components that include increased charge capacity, compact sizes and
advent of supercapacitors that have the potential to replace lithium-ion batteries are expected
to provide significant momentum to the industry growth. In June 2017, ZapGo Ltd. announced
plans to mass produce the Carbon-ion cells in collaboration with Li-Fun Technology Ltd., which
utilizes the fast charging concept of superchargers. Furthermore, requirement to provide low
emission and environmental friendly energy generation has led to increased demands for
renewable energy sources such as wind and solar energy generation. Requirement of these
component in inverter circuit and DC link will also largely contribute to the discrete capacitors
market growth.
Ceramic based components segment to retain its dominance in the discrete capacitors market
According to Coherent Market Insights’ research, ceramic segment accounts for around 60% of
the overall industry share primarily owing to wide ranged applications and extensive portfolio.
These include single layered discs, MLC radial, MLC axial, MLCC, and configurations such as MLC
arrays, low inductance LICA chips, and doorknob capacitors. Moreover, low cost availability and
advancements in technologies to enhance the performance characteristics such as addition of
flexible termination layer, by AVX Corp. will provide increased applications for factor correction
and power storage over the forecast period.
Asia Pacific accounted for around 75% of the global discrete capacitor market share, is
expected to continue its dominance
Presence of significant original design manufacturers (ODMs) and original equipment
manufacturers (OEMs) in Asia Pacific region is expected to be the primary reason for the