Discrete Capacitors Market Trends 2022-2027 | Industry Size, Growth, Opportunity and Competitive Analysis

 According to the latest report by IMARC Group, titled “Discrete Capacitors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global discrete capacitors market size reached a value of US$ 8.51 Billion in 2021, the market is anticipated to reach a value of US$ 10.99 Billion by 2027, growing at a CAGR of4.50% during 2022-2027.     

A discrete capacitor refers to an elementary compact electronic rechargeable battery that exhibits the capacity of storing energy in an electric field. Itconsists of two metal plates as conductors, which are separated by the dielectric components to accumulate charges. Some commonly used discrete capacitor configurations include low-loss, medium-loss and electrolytic. Amongst these, low-loss devices possess high-level capacitance stability, whereas medium-loss devices are deployed for coupling, decoupling, interference suppression, and power separation. Apart from this, electrolytics are usually employed to balance high-level capacitance. Discrete capacitors aid in discharging and preserving charges and coupling signals between amplifier stages and power supply systems while ensuring minimal power consumption. Consequently, they are extensively utilized in manufacturing varying electronic devices.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.        

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Global Discrete Capacitors Market Trends:       

The global discrete capacitors market is primarily driven by the significant expansion in the renewable energy and electronics sectors.In line with this, the rising environmental concerns have prompted the uptake of discrete capacitors in renewable energy sources, such as windmills and solar energy generating devices, to lower the overall carbon emissions, which isacting as another major growth-inducing factor. Moreover, the introduction of supercapacitors, along with the large-scale integration of sensors, capacitors, and the Internet of Things (IoT) solutions, are contributing to the market growth. Furthermore, the emergence of electric vehicles (EVs) has supplemented the extensive utilization of discrete capacitors to prevent ripple currents, which is impelling the market growth. Additionally, the increasing need for automation and miniaturized consumer electronics, including smartphones, smart wearables, and home systems, are supporting the market growth. Other factors, such as the extensive product deploymentin the heating, ventilation, and air conditioning (HVAC) systems and strategic collaborations amongst key players to identify diverse uses of discrete capacitors, are creating a positive outlook for the market. 

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Market Summary:  

  • Based on the type, the market has been segmented into ceramic, aluminum, paper and plastic AC and DC film, tantalum capacitors, and others.
  • On the basis of the application, the market has been segregated into telecommunication, computers, consumer electronics, automotive, aerospace and defense, and others.  
  • Based on the region, the market has been categorized into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and Others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and Others) Latin America (Brazil, Mexico and Others), Middle East and Africa.   
  • The competitive landscape of the market has been examined, with some of the key players beingAFM Microelectronics Inc., American Technical Ceramics Corporation (Kyocera), AVX Corporation (Kyocera), KEMET Corporation (Yageo Corporation), Matsuo Electric Co. Ltd. (Nippon Chemi-Con Corp.), Maxwell Technologies (Tesla Inc.), Murata Manufacturing, Taiyo Yuden and TDK Ltd.

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