Rising Demand for Electronic Devices and Systems across Diverse Sectors Pushes the Global EMC Filtration Market
The recently published Global EMC Filtration Market Research Report by MarkNtel Advisors reveals that the market is anticipated to grow at a CAGR of around 5.38% during the forecast period, i.e., 2023-28.
Global EMC Filtration Market Analysis, 2023
As per the report, the global arena is currently witnessing a widespread integration of electronic systems and equipment across a range of industries, such as automotive, aerospace, telecommunications, healthcare, consumer electronics, and industrial automation. This trend has emphasized the critical importance of addressing electromagnetic interference (EMI) and ensuring electromagnetic compatibility. Consequently, the EMC filtration market is experiencing a substantial surge in significance.
Furthermore, the advent of cutting-edge technologies, including 5G wireless communication, the Internet of Things (IoT), renewable energy systems, autonomous vehicles, and smart grids, all reliant on intricate electronic components and systems, has led to amplified electromagnetic emissions and susceptibilities. This, in turn, has escalated the demand for effective EMC filtration solutions to sustain dependable and efficient operations. As a result, the escalating requirement for electronic devices within various industries, coupled with the mounting concerns regarding EMI, has emerged as the principal driving force behind the anticipated growth of the Global EMC Filtration Market throughout 2023-2028.
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Global EMC Filtration Market Segmentation & Coverage:
This research report categorizes the Global EMC Filtration Market in order to forecast the revenues and analyze trends in each of following sub-markets:
- Based on Insertion Loss, the market is studied across Common Mode (Symmetrical), and Differential Mode (Asymmetrical). Common Mode (Symmetrical) is anticipated to attain considerable market share during forecast period.
- Based on Product Type, the market is studied across EMC Filters, and Power Quality Filters. EMC Filters segment is projected to witness massive growth during 2023-28.
- Based on Application, the market is studied across Industrial Automation, Building Technologies, Energy and Utilities, Home Appliances, EV Charging, Medical Equipment, Data Centers, Smps/Power Supplies, Smart Infrastructure, Energy Storage, UPS, Oil and Gas, and Military. Home Appliances are anticipated to witness significant market share during forecast period.
- Based on Region, the market is expanded across North America, South America, Europe, The Middle East and Africa, and Asia-Pacific. The Asia-Pacific region is anticipated to secure a substantial portion of the EMC Filtration Market. This projection stems from the region’s notable expansion across diverse sectors, including automotive, electronics, telecommunications, and healthcare. These sectors stand as pivotal end-users of EMC filtration solutions. The surge in industrial and manufacturing domains, particularly within countries such as China, Japan, South Korea, and India, is critical in propelling the EMC filtration industry in the Asia-Pacific region.
Competitive Assessment & Intelligence:
The report offers an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of leading players. The prominent players in the market are Schaffner Group, Delta Electronics Inc., TE Connectivity, TDK Corporation, Littelfuse, Inc., Sinexcel, Schurter Holding AG, Soshin Electric Co., Ltd., Astrodyne TDI Corporation, Captor Corporation, Emitech Micro Components, EMI Solutions, High & Low Corporation, Murrelektronik GmbH, Electrocube and Other.
