Growth of Consumer Electronics and Automobile Industry Driving the Demand for Low Voltage Capacitors
London, May 14, 2018: Telecommunications, consumer electronics, and automobile electronics segments will contribute 40%-53% of the rise in incremental spend in the low voltage capacitor market. This incremental spend is primarily driven by the demand from the APAC countries, especially India and China. Due to such incremental spends, the APAC region is expected to dominate the market by 2025.
SpendEdge’s latest procurement research report on the global low voltage capacitor market offers an in-depth assessment of the crucial factors influencing the supply market, strategic procurement and sourcing decisions, pricing models, and procurement best practices. The report, a part of the electrical component, also offers detailed insights into the supply chain management, key market developments, and demand-supply shifts to help sourcing and procurement experts make smart procurement decisions.
“Proximity to electronic component manufacturing facilities and the subsequent supply chain related cost savings and huge market potential for the growth of end-user industries such as smartphones are compelling buyers in North America and Europe to establish manufacturing facilities in these regions. This is directly driving the growth of this market.” – Tridib Bora, electrical components expert at SpendEdge.
Buyers can enter into a strategic research partnership with suppliers for enhancing end-product functionalities and quality. In such research partnerships, suppliers agree to supply the newly developed product at a lower price to the buyers, while the same products are sold at a higher price in the market. This way, entering into strategic research partnerships with suppliers for developing products that will meet specific requirements is one of the best procurement practice.
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This procurement report on the low voltage capacitor market offers insights on:
- Supply markets, growth drivers, trends, and imminent restraints
- Key suppliers and assessment of their capabilities
- Procurement best practices
- Negotiation strategies and cost-saving opportunities
- Pricing models and category innovations
- For a comprehensive, detailed list, view our full report
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