- Leads are metal connections that run from the rest of the circuit to the materials that each component is made of. This provides a very small capacitance between the ends of the leads and very small inductances and resistances.
- Radial lead type and axial lead type are normally the two kinds of lead patterns which are used in various capacitors according to use.
- Lead type capacitors are segmented by product type, application, and region. Lead type capacitors are used in various applications such as consumer electronics, automotive sector, industrial machinery, and defense.
Rise in Demand for Ceramic Capacitors
- Based on product type, ceramic capacitors are the largely used lead type capacitor due to their better frequency characteristics, higher reliability, higher withstanding of voltage, and so on. Additionally, they work well in advanced designs with filtering, decoupling, higher capacitance, and improved bypassing capabilities.
- Moreover, increasing demand for ceramic capacitors from the electronics market, emerging latest technology such as multi-layered ceramic capacitors and miniaturization of electronic devices, rising use of smartphones and tablets as they can handle complex and sophisticated functions effectively, and growing demand from the automotive sector for electric vehicles also propels the growth of ceramic capacitors.
- Lead type capacitors are expected to witness high demand from the automotive sector during the forecast period due to the rising adoption of electric vehicles and autonomous vehicle technology, which will make the automotive segment a leading segment of the global lead type capacitors market.
- Some of the restraints of the lead type capacitors market are risk of damages and cracks. These capacitors also need to be handled with care.
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Asia Pacific to Lead the Lead Type Capacitors Market
- In terms of region, the global lead type capacitors market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
- Asia Pacific is expected to witness fastest growth in the lead type capacitors market during the forecast period due to increasing number of manufacturers in the region. This is because of the increasing demand from end-use industries due to increased capacitance levels, and emerging electric manufacturing companies in the region.
- Moreover, the increasing demand from consumer electronics industry in developing countries of the region such as China, Taiwan, South Korea, Australia, and India is also expected to propel the regional consumption of lead type capacitors.
- China is expected to see massive growth in the industrial sector and automation sector, which is likely to create a positive impact on the lead type capacitors market during the forecast period.
- North America follows Asia Pacific in terms of growth in the lead type capacitors market due to growing consumption and rising investment by governments in various existing power infrastructure programs and projects.
- The lead type capacitors market in Europe is expected to expand at a substantial rate during the forecast period due to growing investment in technology advancement in the consumer electronics and automotive sector. On the other hand, the market in Middle East & Africa and South America is estimated to expand at a moderate pace during the forecast period.
Key Players Operating in the Global Lead Type Capacitors Market
The global lead type capacitors market was highly fragmented in 2019. Major players operating in the global market are focusing on technological advancements and expansion to meet the rising demand for lead type capacitors. Moreover, manufacturers are undertaking mergers and acquisitions for the development of innovative products.
Key players operating in the global lead type capacitors market include:
- Murata Manufacturing Co., Ltd.
- Nichicon Corporation
- Panasonic Corporation
- Nippon Chemi-Con Corporation
- Rubycon Corporation
- Taiwan Chinsan Electronic Group
- SMK Electronics China
- Jiangxi Liansheng Electronic Co., Ltd.
- Lelon Electronics Corp
- Dongguan Win Shine Electronic Co., Ltd.
- Xunda Electronics Co., Ltd.
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Global Lead Type Capacitors Market: Research Scope
Global Lead Type Capacitors Market, by Product Type
- Aluminum Electrolytic Capacitors
- Ceramic Capacitors
Global Lead Type Capacitors Market, by Application
- Consumer Electronics
- Industrial Machinery
Read TMR Research Methodology at: https://www.transparencymarketresearch.com/methodology.html
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