The Discrete Capacitors Market Is Gaining Rapid Traction Due To the Rapid Growth of the Electronics Industry

 

Discrete capacitors have become an indispensable part of various electronic devices and are used extensively in their manufacturing. Discrete capacitors find indispensable applications in almost all industries that use any form of electronics or electrical manufacturing. Thus, growth of the discrete capacitors market is primarily driven by the increasing demand for electronics, which include consumer appliances & devices, computing, telecommunications, and industrial electronics, as well as increasing adoption of discrete capacitors across different sectors to meet the increasing demand for energy-efficient devices. Modern appliances such as dishwashers, clothes washers, dryers, ovens, freezers, etc. use significantly less energy than older appliances.

In December 2019, Toshiba launched the GT20N135SRA, a 1350V discrete IGBT for use in voltage resonance circuits in tabletop IH cookers, IH rice cookers, microwave ovens, and other home appliances. Moreover, in 2019, Energy Efficiency Services Ltd. (EESL), India launched its Super-Efficient Air Conditioning Programme for residential and institutional consumers. Moreover, India has committed to reducing its energy intensity (units of energy use per unit of GDP) by 33 to 35% by 2030. The implementation of various energy efficiency schemes by the Bureau of Energy Efficiency, such as Energy Conservation Building Code (ECBE), Demand Side Management (DSM), National Mission for Enhanced Energy Efficiency (NMEEE), etc. have yielded positive results.

Moreover, the growing trend of miniaturization in the consumer electronics is expected to boost the demand for discrete capacitor, which in turn, is expected to drive the discrete capacitors market growth. Discrete capacitors also find applications across various end-user segments, such as consumer electronics, healthcare, automotive, and information & telecommunication, among others. For instance, in December 2020, Vishay Intertechnology, Inc. launched a new series of low impedance, Automotive Grade miniature aluminium electrolytic capacitors, while in September 2020, the company introduced a series of Automotive Grade DC-Link metallized polypropylene film capacitors optimized for high humidity environments.

The healthcare and automotive sectors are also expected to exhibit moderate growth owing to the increasing awareness about safety, rapid advancements in both healthcare and automotive sectors, and their use of highly efficient equipment. Furthermore, proliferation of connected devices, such as wearables and smartphones, have provided significant impetus for the growth of the discrete capacitors market. Moreover, advancements, such as advent of supercapacitors, compact sizes, and increased charge capacity, have potential to replace li-ion batteries, which in turn, are expected to provide significant momentum to the discrete capacitors market growth.

With the increasing demand for Internet of Thing (IoT), the demand for discrete capacitors is also expected to increase in the next few years. The increasing popularity of IoT devices along with the increased use of capacitors and sensors has increased the use of discrete capacitors.