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IMARC Group, a leading market research company, has recently releases report titled “Discrete Capacitors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global discrete capacitors market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
The global discrete capacitors market size reached US$ 8.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 11.0 Billion by 2028, exhibiting a growth rate (CAGR) of 3.2% during 2023-2028.
A discrete capacitor is a rechargeable battery that preserves and discharges energy in the form of an electric charge. Usually made from numerous materials, such as plastic or ceramic, the build-up of these batteries largely depends upon the requirement of its application. These capacitors are characterized by a compact size and offer enhanced energy-efficiency to the devices it is used in. It is crucial for coupling signals between the various stages of amplifiers and in power supply systems of multiple electronic devices. It also preserves stored energy without any loss, due to which it finds extensive applications across numerous industry verticals, such as defense, medical, consumer electronics, transportation and telecommunications.
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The market is primarily driven by significant growth in the consumer electronics sector. The rising trend of miniaturization in smartphones, laptops and wearable electronics has led to the growing demand for compact discrete capacitors on the global level. Apart from this, there has been an increasing demand for energy-efficient devices across numerous industries on account of the rising adoption of automation in the verticals, which is contributing to the market growth. The market is further driven by the increasing utilization of discrete capacitors in the renewable energy sector. These batteries find extensive applications in windmills for providing short bursts of heavy force exertion that is ultimately used for altering the blade pitch. They are also used in electric grids to enhance the overall energy-efficiency of the processes by assisting them in reaching close to the full energy capacity. Moreover, the escalating popularity of the Internet of Things (IoT) devices and the increasing utilization of sensors and capacitors in these devices are creating a positive outlook for the market. Some of the other factors contributing to the market growth include the introduction of ceramic-based capacitors and the widespread utilization of these batteries in the heating, ventilation and air conditioning (HVAC) systems.
The report has segmented the market into the following categories:
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The report covers the major market players including:
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