DELRAY BEACH, Fla., Oct. 23, 2024 /PRNewswire/ -- The EMC filtration market is expected to reach USD 1.58 billion by 2029 from USD 1.24 billion in 2024, at a CAGR of 5.0% during the 2024-2029 period according to a new report by MarketsandMarkets. The major factor driving the EMC filtration market growth includes the rising adoption of electronics devices across consumer, automotive, industrial and many other sectors. These devices are easily susceptible to electromagnetic interference (EMI) that can lead to malfunctioning of devices and compromise their performance and reliability. With the adoption of advanced technologies such as IoT, 5G, and high seed & frequency data communication, the complexity and density of electronic systems have increased, leading to EMI risk, which can result in signal degradation, data corruption, or system failure. This growing dependence on interconnected electronic systems evolves the usage of effective EMC filtration solutions to mitigate EMI risk.
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238 - Pages
EMC Filtration Market Report Scope:
Report Coverage | Details |
Market Revenue in 2024 | $ 1.24 billion |
Estimated Value by 2029 | $ 1.58 billion |
Growth Rate | Poised to grow at a CAGR of 5.0% |
Market Size Available for | 2020-2029 |
Forecast Period | 2024-2029 |
Forecast Units | Value (USD Million/Billion) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | By product type, application, and region |
Geographies Covered | North America, Europe, Asia Pacific, and Rest of World |
Key Market Challenge | Adherence to standards with rapid technological advancements |
Key Market Opportunities | Miniaturization of electronic devices |
Key Market Drivers | Rising adoption of electric vehicles (EVs) |
Industry automation application is expected to have the highest market share in the forecast period from 2024 to 2029
As industries embrace automation technologies, the complexity of electronic systems has grown, resulting in a higher risk of electromagnetic interference (EMI) that can disrupt operations and threaten equipment reliability. Motor drives and industrial machinery are especially susceptible to EMI, leading to malfunctions and decreased operational efficiency.
The rising trend of digitization and the integration of advanced technologies like 5G, IoT, and AI in industrial automation applications further raise the demand for efficient and reliable EMC filtration solutions, as these technologies depend on precise signal integrity and communication. The demand for high-performance robotics in manufacturing units also increases the demand for advanced EMC filters to avoid interference that could result in malfunctioning and safety risks.
The EMC filter product type is expected to grow at the highest CAGR from 2024 to 2029.
EMC filters include 1-phase EMC filters, 3-phase EMC filters, DC filters, IEC inlets, and chokes. These filters are projected to grow at the highest CAGR during the forecast period to reduce the complexities and EMI risk. The growing complexities of electrical devices are driven by technological advancements such as IoT, AI, and 5G, resulting in high EMI risk that can disrupt device functionality. The EMC filters are used to reduce the high-frequency electromagnetic noise generated by multiple electronic devices such as power supplies, motor drives, machinery, elevators, lighting, smart infrastructure, energy & utilities, EV charging, medical, and many others. The rising focus on considering electromagnetic compatibility to calculate the quality and efficiency of electromagnetic products has accelerated the growth potential of EMC filters.
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Asia Pacific region has the highest market share currently and is expected to be the same in the forecast period from 2024 to 2029
The Asia Pacific region includes China, Japan, India, South Korea, Taiwan, and the Rest of Asia Pacific. The rising growth of the EMC filtration industry in the Asia Pacific region is attributed to increased investments in smart infrastructure and developments of industrial automation solutions, energy & utilities, medical, data centers, SMPs/ power supplies, and many others. Government initiatives to boost local manufacturing and innovation drive growth by attracting investments in advanced technologies and infrastructure. Additionally, the increasing adoption of electric vehicles and renewable energy systems creates a rise in demand for advanced EMC filtration solutions to ensure operational integrity and safety. As these trends progress, the Asia Pacific region is anticipated to lead the EMC filtration market, offering promising opportunities for manufacturers and suppliers while reinforcing its stronghold in the industry.
Key Players
The key players in EMC filtration companies are Delta Electronics, Inc. (Taiwan), TE Connectivity (Switzerland), TDK Corporation (Japan), Littelfuse, Inc. (US), Sinexcel (China), SCHURTER Global (Switzerland), AstrodyneTDI (US), MORNSUN Guangzhou Science & Technology Co., Ltd. (China), Soshin electric Co., Ltd. (Japan), Shanghai Eagtop Electronic Technology Co., Ltd. (China), BLOCK Transformatoren-Elektronik GmbH (Germany), ETS-Lindgren (US), MTE Corporation (US), REO AG (Germany), ELTROPLAN-REVCON Electrical Systems GmbH (Germany), Bla Etech (India), Captor Corporation (US), Enerdoor (US), EMI Solutions (India), High & Low Corporation (Taiwan), Murrelektronik GmbH (Germany), Electrocube (US), Leader Tech Inc.(US), Rohde & Schwarz (Germany), Elcom International (India), Total EMC Products Ltd (UK), and Ohmite Mfg Co (US).
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