A discrete capacitor is a small rechargeable battery with the capacity to store energy in the form of electric charge and thus create a potential difference across its plates. It has become an indispensable part of various electronic devices and is used extensively in their manufacturing. The global discrete capacitor market is anticipated to experience a stable growth rate during the forecast period owing to its increasing adoption across various sectors in order to satisfy the rising demand for energy-efficient devices. In addition, the growing trend of miniaturization in the consumer electronics like smartphones is expected to boost the demand for discrete capacitor market.
The rising demand for internet of thing (IoT) is an important factor predicted to fuel the demand for discrete capacitors in the next few years. The growing popularity of IoT devices along with increased use of sensors & capacitors are expected to augment the usage of sophisticated discrete capacitors with high capacitance.
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In addition, the rising trend of miniaturizing consumer electronic devices is also projected to boost the demand for these smaller and technologically advanced capacitors. Furthermore, the rising demand for them in the renewable energy sector is also estimated to create an opportunity for the market in the next few years. Discrete capacitors are utilized abundantly in the wind industry in order to provide short bursts of heavy force exertion necessary for altering blade pitch. They also help electric grids run closer to their full capacity as opposed to the initial 90%.