Series Capacitor Market Trends

Growth Drivers

• Growing use of Series Capacitor in Renewable Products - New application areas have been made possible by the growth of EDLC's renewable application portfolio. These include, among other tiny gadgets, solar-powered watches, and display lights. Additionally, computers use tiny batteries and electric double-layer capacitor as backup memory sources. Because of their high cost and limited scalability, manufacturers make these graphene and carbon nanotube-based capacitor.  This growing use of series capacitor in renewable products is anticipated to support the growth of market.
• Increasing Implementation in Medical Industry - Electronics are being used in a growing range of medical applications, ranging from large imaging machines to smart tags for surgical packs. In medical systems, passive components are crucial for functions including imaging, patient monitoring, medicine delivery, and dispensing. Batteries or series capacitor used to power implantable medical electronic devices frequently need to be removed from the body after serving their intended purpose because they are not biodegradable. Requirements include passing stringent screening procedures, having a longer service life, and high reliability. To meet consumer demand today, capacitor design and material often need to be improved and made smaller. Because of the rising use of these products and components in the medical industry, it is projected that the series capacitor market will grow during the forecast period.
• Growing Demand in the Consumer Electronics Sector – One of the key factors that is anticipated to propel the market in the coming years is the growing demand for capacitor from the consumer electronics industry. Cell phones and other portable consumer gadgets are developing quickly to keep up with the demands of the modern world. For instance, the smartphone mobile network subscriptions hit about 6.4 billion in 2022, and by 2028, it's expected to top 7.7 billion. The top three nations in terms of smartphone mobile network subscriptions are China, India, and the US. Because they can store almost as much energy as a battery and have the benefit of conventional capacitor' high-speed energy discharge, series capacitor are an attractive power supply for portable electronic gadgets.

Challenges

• Reducing the High-Frequency Circuit's Impedance - Capacitor connected in series have the primary drawback of lowering the circuit's impedance at high frequencies. This is because the impedance is inversely proportional to the capacitance and the overall capacitance of a parallel circuit is greater than the sum of the individual capacitances of the capacitor. This can lead to interference or distortion in circuits that are intended to have a high impedance because it permits high-frequency signals to flow through the circuit. Therefore, this factor may hamper the series capacitor market growth.
• Insufficient Energy Density May Hinder Market Growth
• Complex Control and Protection of the Series Capacitor may Hamper the Market Growth