Passive Electronic Components Market in the Oil & Gas Industry Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Passive Electronic Components in Oil & Gas Industry Overview

The competitive landscape of the global passive electronic components market is moderately consolidated due to several market players globally. The market players are making several product developments and innovations to capture the maximum market share. Moreover, the market players are considering strategic partnerships and investments to gain maximum market traction.

In April 2023, Kyocera Corporation announced to development of a new capacitor (MLCC) with EIA 0201 size and the industry's highest capacitance of 10 microfarads. Through this launch, the company aims to meet recent market trends and make unique societal benefits possible through IoT and wireless communications technology.

In July 2022, TDK Corporation announced the launching of a CLT32 series power inductor with highly compact dimensions. The nine types cover an inductance range of 17 nH to 440 nH and are designed for 13.5A to 60A saturation currents. These inductors are constructed for a temperature range of -40 °C to 165 °C, including self-healing.