Wet Tantalum Capacitors Market Industry Growth Forecast 2022-2028

According to Precision Business Insights (PBI), the latest report, the wet tantalum capacitors market size is expected to grow at a CAGR of 6.3% over 2022-2028. The primary factors that drive the wet tantalum capacitor market size are a stable rise in investment in military electronics, and increasing sales of electronic devices, growing in-vehicle electronics.

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Electronic Gadgets to Dominate the Wet Tantalum Capacitors Market:
Based on application type, electronic gadgets hold the highest wet tantalum capacitors market share. The major factor for the rise of this segment is the use of capacitors in all types of electronic devices. Capacitors are widely used in numerous applications such as power supply units, power circuits, and electronic circuits. Some properties of tantalum such as high corrosion resistance, high thermal conductivity, lack of radioactive materials, and good thermal properties make it an excellent element to be used in various electrical appliances. These properties can drive the global wet tantalum capacitors market growth. Thus, wet tantalum capacitors are mostly used in electrical gadgets throughout the electrical industry.

Asia Pacific Wet Tantalum Capacitors Market:
Asia Pacific market is expected to increase the global wet tantalum capacitor market share. It has the potential to lead the global market due to the presence of many electronic manufacturing companies. Apart from this, the major factor that drives the market in this region is increasing demand among customers for electronic devices, particularly in developing countries such as China, India, and others. Moreover, the increase in purchasing power and the rise of the middle class further propels the growth of this market in this region.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global Wet Tantalum Capacitors market further reveals that the key players are implementing strategies such as the extension of product collection through research and development activities, product launches, acquisitions, mergers, and strategic alliances to improve their market position and strengthen the market revenue share. In August 2020, AVX Corporation released a novel series of the high-CV resin molded, surface-mount tantalum chip capacitors with a tiny and low-profile facedown design enhanced for automotive electronics applications. In August 2022, an agreement was signed between ROHM Semiconductors and KYOCERA AVX wherein ROHM Semiconductors will transfer its tantalum and polymer capacitors manufacturing units and related intellectual property to KYOCERA AVX.

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The wet tantalum capacitors market is segmented based on, product type, application, end users, and region.
Based on the product type, the market is segmented into the following:
• Elastomer Seal
• Hermetic Seal
• Others

Based on the application type, the market is segmented into the following:
• Power Supply Filtering
• Audio Amplifiers
• Medical Devices
• Military Applications
• Sample And Hold Circuits
• Electronic Gadgets
• Telecommunications Infrastructure
• Others

Based on the end users, the market is segmented into the following:
• Automotive Industry
• Communication And Technology Industry
• Consumer Electronics Industry

Based on the region, the market is segmented into the following:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

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Key players' profiles in the wet tantalum capacitors market share are AVX, Exxelia, Vishay, Panasonic, Sam Wha Capacitor, SamYoung, EPCOS, KEMET, and Cornell Dubilie.

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This release was published on openPR.