Market Challenges And Opportunities

Proliferation of IoT and connected infrastructure is anticipated to be the major industry growth driver

Proliferation of connected devices such as smartphones and wearable devices have provided significant impetus for growth of consumer electronics and telecommunication segments. However, with the advent of IoT, emergence of new requirements for advanced wearable devices, industrial automation, smart homes, automated cars, and smart and connected infrastructure are expected to provide substantial demands for supporting equipment, in turn fueling growth of the discrete capacitors market over the next few years. Moreover, advancements in the miniaturization of the electronic devices will enhance the requirement of the less space consuming and efficient discrete capacitors.

Growing focus on renewable energy sources and technological advancements in these components will present strong growth prospects

Electronics industry participants have witnessed increased inclination towards tantalum capacitors, for pulse discharge, decoupling and bypass in electronic circuitry. Moreover, advancement in the components that include increased charge capacity, compact sizes and advent of supercapacitors that have the potential to replace lithium-ion batteries are expected to provide significant momentum to the industry growth. In June 2017, ZapGo Ltd. announced plans to mass produce the Carbon-ion cells in collaboration with Li-Fun Technology Ltd., which utilizes the fast charging concept of superchargers. Furthermore, requirement to provide low emission and environmental friendly energy generation has led to increased demands for renewable energy sources such as wind and solar energy generation. Requirement of these component in inverter circuit and DC link will also largely contribute to the discrete capacitors market growth.