Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1,268.14 Million | USD 2,004.71 Million | 5.22% | 2023 |
The global EMC filtration market size was worth around USD 1,268.14 million in 2023 and is predicted to grow to around USD 2,004.71 million by 2032 with a compound annual growth rate (CAGR) of roughly 5.22% between 2024 and 2032.
Electromagnetic Compatibility (EMC) filtration refers to the process of preventing electromagnetic interference (EMI) from being emitted or affecting electronic and electrical devices. EMI EMC filters are used for attenuation of electromagnetic interference from power systems with a primary focus on reducing or limiting noise generated by the system. These filters are critical to the prevention of equipment malfunction. The demand for EMC filtration process has been growing due to the versatile application of the devices such as home appliances, defense, space, & security (DS&S), construction & infrastructure, currency counting machines, printing machines, electric panels, electric vehicles (EVs), and others.
EMI EMC filters are specially designed to suppress noise signals from entering a particular device, thus subsequently preventing damages that can be induced by interference with sensitive circuitry located inside the device. They are considered highly significant in protecting high-voltage equipment. The demand for electromagnetic compatibility filters is projected to grow due to the increased applications of end-user products. Additionally, technological advancements in EMC filtration are expected to help the industry thrive during the forecast period.
Rising applications in EVs to drive market demand rate in the coming years
The global EMC filtration market is projected to grow due to the growing use of
electromagnetic compatibility filters in electric vehicles. EMC filters are critical components of electric vehicles since they are powered by battery packs. Electromagnetic compatibility devices ensure that the vehicle’s overall performance is maintained throughout its lifecycle by eliminating external interferences that could disrupt the functioning of EVs.
According to market research, EMC filters are used in electric drive systems to reduce electromagnetic interference. They are also used to protect sensitive electronic components in automotive vehicles along with facilitating proper communication between different parts of the vehicle. The role that EMC filtration plays in protecting the charging system of EVs further helps enhance the automotive’s overall reliability and safety. The growing demand for EVs worldwide, facilitated by several favorable factors is expected to help create more demand for EMC filters in the coming years.
For instance, as of 2024, prices of EVs have reduced significantly thus making the electric battery-powered vehicle more accessible and affordable. In addition to this, the increasing rate of government subsidies for EV makers and users has encouraged more buyers in the electric vehicle segment. The public transport infrastructure in leading regions such as European countries is undergoing revolutionary changes with the introduction of high-power electric buses and trucks for transporting people and goods.
Additionally, EV-related advancements such as higher charging capacity, introduction of hybrid models, and rising development of charging infrastructure will escalate end-user application of EMC filters.
Growing demand for smart home appliances and consumer electronics to create higher industry revenue
The solutions available in the global EMC filtration market are widely used in smart home appliances and consumer electronics to improve the longevity of the devices and prevent essential sensitive components from malfunctioning. The most common home appliances protected using EMC filters are television sets, refrigerators, washing machines, and air conditioners.
Additionally, smartphones, laptops, tablets, and smartwatches are equipped with EMC filters to prevent EMI. The growing demand for more advanced consumer electronics, along with the increasing disposable income of buyers and changing lifestyles, will work in tandem to deliver higher revenue for EMC filters.
High cost of initial investment will limit the industry’s overall revenue
The global EMC filtration industry is projected to be restricted by the high cost of the initial investment associated with the filters. High-grade EMC filtration techniques require the use of sophisticated materials and resources such as ferrite cores.
Furthermore, EMC filters are a result of precision-based engineering. The industry players may limit the final applications of EMC filters due to the presence of a highly volatile global economy at present times. Additionally, the supply chain complexities of obtaining raw materials and producing final goods may further complicate the final revenue in the market.
Increased 5G and 6G investments along with Internet of Things (IoT) adoption rate to create expansion possibilities
The global EMC filtration market is projected to generate growth opportunities due to the rising investments in 5G and 6G infrastructure. The new-age low latency-based internet infrastructure is expected to increase the use of wireless communication systems, further prompting the use of EMC filters. 5G and 6G frequencies are expected to be more vulnerable to electromagnetic interferences, leading to the use of high-performance EMC filters.
In June 2024, India witnessed the beginning of the 5G spectrum auction, with companies such as Vodafone, Bharti Airtel, and Reliance Jio submitting their bids. The Indian government is expected to raise INR 10,000 crore through the auction.
In addition, the growing adoption of Internet-of-Things (IoT) devices and solutions across major industries will be critical to shaping the industry’s overall growth trajectory during the forecast period. In a recent event, Trasna, a leading IoT and semiconductor provider, acquired IoTerop. The latter is an emerging company dealing with IoT device management platforms and software innovations. The acquisition has strengthened Trasna’s overall hold on the IoT sector.
Ever evolving trait of the electronics & electrical industry to challenge the market expansion
The global EMC filtration industry is projected to be challenged by the ever-evolving characteristics of the electronics & electrical industry. For instance, current electronic devices are undergoing rapid technological advancements, and EMC filter producers must ensure that the end-user requirements are consistently met. Such rapid changes can put EMC filter producers under tremendous pressure leading to restrictions on market growth rate.
Report Attributes | Report Details |
---|---|
Report Name | EMC Filtration Market |
Market Size in 2023 | USD 1,268.14 Million |
Market Forecast in 2032 | USD 2,004.71 Million |
Growth Rate | CAGR of 5.22% |
Number of Pages | 216 |
Key Companies Covered | SCHURTER Global, TDK Corporation, ELTROPLAN-REVCON Electrical Systems GmbH, Astrodyne TDI, BLOCK Transformatoren-Elektronik GmbH, TE Connectivity, ETS-Lindgren, MORNSUN Guangzhou Science & Technology Co. Ltd., REO AG, Delta Electronics Inc., Shanghai Eagtop Electronic Technology Co. Ltd., Littelfuse Inc., MTE Corporation, Sinexcel, Soshin Electric Co. Ltd., and others. |
Segments Covered | By Power Quality Filters, By Filter Type, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The global EMC filtration market is segmented based on power quality filters, filter type, and region.
Based on power quality filters, the global market segments are active harmonic filters, passive harmonic filters, output filters, and others. In 2023, the highest growth was listed in the active harmonic filters market due to the performance of the devices in managing and reducing EMI.
Furthermore, they are considered more suitable for applications with variable frequency drives and power electronic solutions. The surging use of active harmonic filters across major data centers will drive the segmental demand. These filters typically target the frequency range of the 50th or 60th harmonic.
Based on filter type, the global EMC filtration industry divisions are DC filters, 3-phase EMC filters, 1-phase EMC filters, IEC filters, and others. In 2023, the highest demand was listed in the 1-phase EMC filters segment. The growing application of the 1-phase filter type across industrial equipment, appliances, and medical devices is forging segmental dominance. 1-phase EMC filters ensure device compliance with EMC regulations across countries. 1-phase EMC filtration devices generally work for frequencies between 150 kHz and 30 MHz.
Asia-Pacific to continue maintaining lead during the forecast period
The global EMC filtration market is expected to be led by Asia-Pacific during the forecast period. In 2023, the region was the leading revenue generator driven by countries such as Taiwan, China, India, and others. During the forecast period, China will emerge as the highest regional market revenue generator influenced by critical factors such as increased end-user demands and growing production of advanced EMC filters.
China, for instance, is the world’s leading producer of electric vehicles, and its prices range across the country. China has been working on expanding its EV footprint around the globe by targeting new markets, including European and North American countries. The presence of several favorable policies promoting the production rate of affordable and luxury EVs for passenger or commercial applications is helping the regional EV sector thrive.
In addition to this, China and India are leading consumers of smart home appliances, laptops, smartphones, and other consumer electronics. The surging investments in 5G and 6G infrastructure across Asian countries will create demand for EMC filters in the future. Additionally, the regional healthcare infrastructure will promote the use of EMC filtration in medical devices in the coming years.
The global EMC filtration market is led by players like:
The global EMC filtration market is segmented as follows:
By Power Quality Filters
By Filter Type
By Region
FrequentlyAsked Questions
Electromagnetic Compatibility (EMC) filtration prevents electromagnetic interference (EMI) from being emitted or affecting electronic and electrical devices.
The global EMC filtration market is projected to grow due to the growing use of electromagnetic compatibility filters in electric vehicles.
According to study, the global EMC filtration market size was worth around USD 1,268.14 million in 2023 and is predicted to grow to around USD 2,004.71 million by 2032.
The CAGR value of the EMC filtration market is expected to be around 5.22% during 2024-2032.
The global EMC filtration market is expected to be led by Asia-Pacific during the forecast period.
The global EMC filtration market is led by players like SCHURTER Global, TDK Corporation, ELTROPLAN-REVCON Electrical Systems GmbH, Astrodyne TDI, BLOCK Transformatoren-Elektronik GmbH, TE Connectivity, ETS-Lindgren, MORNSUN Guangzhou Science & Technology Co., Ltd., REO AG, Delta Electronics, Inc., Shanghai Eagtop Electronic Technology Co., Ltd., Littelfuse, Inc., MTE Corporation, Sinexcel and Soshin Electric Co., Ltd.
The report explores crucial aspects of the EMC filtration market, including a detailed discussion of existing growth factors and restraints while also browsing future growth opportunities and challenges that impact the market.
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