Christy Publications Discrete Capacitors Market | Page 2

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