Discrete Capacitors Market Size, Share, Growth, and Industry Analysis by Type (Ceramic, capacitor, Aluminum capacitor, Paper & plastic AC & DC film capacitor, and Tantalum capacitor) By Application (Telecom, Computers, Consumer, and Automotive), Regional Insights, and Forecast From 2024 To 2031

Updated On: 01 April 2024

Discrete Capacitors Market Report Overview

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The global discrete capacitors market size was USD 8775.29 million in 2021 and is projected to touch USD 14595.04 million by 2031, exhibiting a CAGR of 5.22% during the forecast period.

Discrete capacitors are electronic components that are used in circuits that have two or multiple conductive metal plates separated by different forms of dielectric material.

The equipment is primarily used by downstream production requirements such as computing, telecommunications, industrial electronics, and consumer appliances & devices. Huge need for an energy-efficient product across the globe and common discrete capacitors such as high-level capacitance stability, low-loss devices, and medium-loss devices. The discrete capacitors are primarily used for coupling signals between stages of the power supply and amplifier systems of various electronic devices. Further, increased adoption of automation across industries and widespread adoption of the product in the renewable energy sector is estimated to drive market growth in the forthcoming years. Also, the equipment used in electrical components from external impacts is estimated to drive market growth. In addition, widespread adoption of the product in ventilation, heating, and air conditioning. The rising popularity of loT devices coupled with the huge adoption of sensors & capacitors. The product is used in windmills to provide short bursts of heavy extension force.  On the contrary, the high expenditure on the product is predicted to limit market growth in the upcoming years.

COVID-19 Impact: Shutting of Several Industries to Limit Market Progress

The global COVID-19 pandemic has been unprecedented and staggering, with discrete capacitors experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

Shutting of several industries due to lockdown restrictions. Downfall in economic growth and lack of production activities to minimize market growth. The market witnessed fluctuation in growth due to the unavailability of employees and raw materials. These factors during the pandemic period harm market growth.

LATEST TRENDS

"High Focus on Renewable Energy Sources to Improve Market Growth "

An increased inclination toward renewable energy among the growing population is estimated to drive market growth. High adoption of tantalum capacitors, decoupling, pulse discharge, and bypass in an electronic circuit is anticipated to accelerate market growth. Further, rapid advancement in the components such as the advent of supercapacitors increased charge capacity and compact sizes. Such extensive advancement of components is predicted to drive market growth. High need for smart infrastructure and increasing miniaturization of consumer electronics. These factors are expected to improve the discrete capacitors market growth throughout the forecasted period.

Discrete Capacitors Market Segmentation

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• By Type

Based on type, the market is divided into ceramic, capacitor, aluminum capacitor, paper & plastic ac & dc film capacitors, and tantalum capacitors.

Ceramic is expected to be the top part of the segmentation type.

• By Application

Based on the application, the market is divided into telecom, computers, consumer, and automotive.

Telecom is expected to be the top part of application segmentation.

DRIVING FACTORS

"High Need for Ceramic-Based Components to Boost Product Adoption "

High need for a ceramic-based product for its wide-ranged applications and extensive portfolio. The application includes MLC radial, MLC axial, single-layered discs, MLCC, and configurations such as low-inductance LICA chips, MLC arrays, and doorknob capacitors. Further, several other features such as low-cost availability and technological advancement enhance the performance characteristics. These reasons for the product are anticipated to boost the product adoption. The ceramic product has several advantages such as reliability, robust performance, and improved life shell. Capacitors are used in healthcare, information & telecommunication, and in smartphones. Increased awareness about safety and highly efficient equipment is anticipated to exhibit moderate discrete capacitors market growth.  

"Huge Awareness of the benefits of the Equipment and High Adoption in Industrial Activities to Stimulate Market Growth "

The equipment is primarily used by downstream production requirements such as computing, telecommunications, industrial electronics, and consumer appliances & devices. Huge need for an energy-efficient product across the globe and common discrete capacitors such as high-level capacitance stability, low-loss devices, and medium-loss devices. The product is primarily used for coupling signals between stages of the power supply and amplifier systems of various electronic devices. Further, increased adoption of automation across industries and widespread adoption of the product in the renewable energy sector is estimated to drive market growth in the forthcoming years.

RESTRAINING FACTORS

"High Cost of the Product and to Obstruct Market Growth "

The high cost of the product is predicted to limit market growth in the upcoming years.

Discrete Capacitors Market Regional Insights

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"Large Consumer Base and Presence of Key Players in Asia Pacific to Drive Market Share "

Asia Pacific is anticipated to witness the highest discrete capacitors market share owing to the presence of prominent market players and a large consumer base. Increased inclination towards loT, smart infrastructure, and conventional electronic products and equipment is estimated to provide strong demand for the component in the next few years. Further, rapid advancement in the components such as the advent of supercapacitors increased charge capacity and compact sizes. Such extensive advancement of components is predicted to drive market growth. High need for smart infrastructure and increasing miniaturization of consumer electronics.  

KEY INDUSTRY PLAYERS

"Leading Players Adopt New Strategies to Stay Competitive"

The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List of Market Players Profiled

• Johanson Technology (U.S.)
• AVX Corporation (U.S.)
• Dielectric Lab (U.S.)
• Murata (Japan)
• Samsung Electro-Mechanics (South Korea)
• Cornell Dubilier Electronics (U.S.)
• Taiyo-Yuden (Japan)
• American Technical Ceramics (U.S.)
• TDK (Japan)

REPORT COVERAGE

This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.