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Niobium oxide capacitors are capacitors with a niobium oxide anode and niobium pentoxide as a dielectric medium. The primary purpose of niobium oxide capacitors is for use in electronic devices with less space and low profile. The availability of the raw material, niobium, propels its use for capacitors, making them cost-effective.
The ever-reducing niobium oxide capacitor costs compared to tantalum capacitor costs drive the growing need for niobium oxide capacitor equipment for various end-user applications. Global population explosion coupled with increasing urbanization is expected to lead to a significant rise in energy consumption in the future years. In addition, the growth of electric vehicles and the consumer electronics industry is relevant for market growth. The miniaturization of electronic devices is an important trend for the niobium oxide capacitor market.
Niobium oxide has very high ignition energy and high specific heat compared to niobium metal and tantalum. This has been portrayed to have a 95% reduction of ignition failure compared to the other capacitors. Due to the low electric stress in the dielectric medium, a high ripple current load and reduced voltage are observed.
North America is one of the major marketplaces. The increased utilization of electric vehicles in the region propels the demand for niobium oxide capacitors. Also, the high urbanization level in the region leads to a massive demand for consumer electronics.
The niobium oxide capacitors market is expected to take a small amount of time before recovering from the impact of the COVID-19 pandemic due to supply chain disruptions. However, the rise in the consumer electronics sector is anticipated to keep the market afloat.
As the supply chain is slowly gaining momentum due to the easing of COVID-19 restrictions, niobium oxide capacitors' demand is anticipated to rise at a fair rate.
The report will cover the following key insights:
According to the application, the Niobium Oxide Capacitors market is divided into consumer electronics, automotive, power supply, and industrial. During the forecast period, the consumer electronics category will have the most significant market share. The adoption of niobium oxide capacitors and growth in artificial intelligence and machine learning will demand this segment. The adoption of smart devices and consumer electronics is expected to drive category expansion during the projected period.
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North America is expected to flourish in the automobile industry, creating a lucrative market for companies. In addition, the market's development will be aided by North America's electric vehicle industry and other sectors. During the projected period, the Asia-Pacific region is foretold to increase at the fastest rate. Increased electrification and growth of industries, coupled with rapid urbanization and the use of consumer electronics in the region's developing economies, such as China, India, and Southeast Asia, are expected to demand industrial niobium oxide capacitors.
The report will include profiles of key players such as Holy Stone International, AVX Corporation, Panasonic, Illinois Capacitor, Vishay Intertechnology, Inc, Murata, KYOCERA Global, TDK, and Samsung Electro-Mechanics.
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