USD 268.6 million
Power Filter Market Size, Share, Growth Analysis, By Type(Single phase filter, Three phase filter, DC filter), By Application(Healthcare, Defense, Aerospace, Communication), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45K2094 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
66
|Figures:
75
Power Filter Market Insights
Power Filter Market size was valued at USD 268.6 million in 2019 and is poised to grow from USD 279.06 million in 2023 to USD 382.75 million by 2031, growing at a CAGR of 3.8% in the forecast period (2024-2031).
A power filter is an electrical component that effectively reduces electromagnetic interference in the power line of any piece of equipment. Customers may successfully remove noise from the power flow by using high-quality power noise filters from Future Electronics. Electronic devices in a variety of fields are powered primarily by electricity, but when electromagnetic interference (EMI) occurs, their operation may be disrupted, broken, or crash. As a result of the considerable disruption, electromagnetic interference is expected to have an effect on the signal quality of the device and cause long-term harm to the component or device. A power filter is used with these devices to protect them from damage.
US Power Filter Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Three phase filter
Fastest Growth
Three phase filter
Growth Rate
3.8% CAGR
Global Power Filter Market 2021-2028 ($ Mn)
Country Share for North America Region- 2021 (%)
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Power Filter Market Segmental Analysis
The global power filter market is segmented based on type, application, and region. Based on the type, the Power Filter Market is segmented into single phase filter, three phase filter, DC filter. Based on the application, the Power Filter Market is segmented into healthcare, defense and aerospace, communication, industrial machinery, others. Based on the region the Power Filter Market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Power Filter Market Analysis by Type
Based on the type, the Power Filter Market is segmented into single phase filter, three phase filter, DC filter. Among these, the three-phase segment of the market is projected to hold the most substantial share in the market during the forecast period. With the rapid technological improvement of electronic components, there is a great risk of electromagnetic interferences, which can cause device failure and result in losses. Power filters are utilized to avoid and limit these types of losses, which promotes the power filter market expansion. Power filters are in high demand around the world to prevent costly equipment breakdowns in the industrial sector. Furthermore, the safety systems installed in industrial machines are made up of many electronic types of equipment, which necessitates the use of power filters in order to avoid system failure.
Global Power Filter Market By Type, 2021 (%)
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Power Filter Market Regional Insights
In 2021, North America is expected to hold the largest global power filter market share. Semiconductors are intermediate components found in a wide range of manufactured goods that require electronic, digital memory, or computer functions. These are high-tech items, and the semiconductor manufacturing sector's global supply networks are infamously complex. The high-tech, high-value-added fabrication of semiconductor wafers, which constitutes the front end of semiconductor production, is usually done in the United States or other high-income countries.
Global Power Filter Market By Geography, 2021 - 2028
- Largest
- Fastest
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Power Filter Market Dynamics
Power Filter Market Driver
- Power filters are extremely simple to use and install. There aren't many pieces to deal with, and installation is quick. They are also quite simple to use and require little maintenance. A power filter only needs to be washed and filtered on a regular basis to stay in good condition. They are simple to install and clean and require no knowledge or experience to maintain. Power filters are typically reasonably priced. They're not particularly powerful, but they're also not particularly expensive. They are very easy to find, and may be found online or at practically any pet store.
Power Filter Market Restraint
- The power filter cannot hold as much water as a regular filter. Simply put, they are not designed for significant amounts of water. Power filters, in general, do not allow for media modification, however some do under particular conditions. They will utilize all three major types of filtrations, but they will not be able to choose how much of each type they use. Power filters are often produced at a lower cost than other filters and are therefore less reliable. Power filters are difficult to accommodate in aquariums with hoods. If a consumer aquarium has a hood, power filtration will not be mounted on it unless it is specially constructed.
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Power Filter Market Competitive Landscape
The Power Filter Market is fragmented in nature. The prominent players operating in the market are constantly adopting various growth strategies in order to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D in order to supply industries with the most efficient and cost-effective solutions.
Power Filter Market Top Player's Company Profiles
- Eaton Corporation plc
- Schneider Electric SE
- ABB Ltd.
- Siemens AG
- Emerson Electric Co.
- Mitsubishi Electric Corporation
- Delta Electronics, Inc.
- General Electric Company
- Fuji Electric Co., Ltd.
- Bel Fuse Inc.
- Crompton Greaves Ltd.
- Rockwell Automation, Inc.
- TE Connectivity Ltd.
- Murata Manufacturing Co., Ltd.
- TDK Corporation
- Littelfuse, Inc.
- ON Semiconductor Corporation
- Panasonic Corporation
- Omron Corporation
- Sola/Hevi-Duty, a division of Emerson Electric Co.
Power Filter Market Recent Developments
- In June 2022, APITech introduced a SAW Filter. The new advanced SAW Filter is built using an enhanced manufacturing technique to deliver the tighter bandwidths, higher power, and broader package options that these systems require.
- In June 2022, Schaffner introduced the FN2640 EMC filters, as well as electromagnetic interference filters for data centres and robotic-automation applications. The new FN2640 EMC filters are designed specifically for use in data centres and robotic-automation applications. Furthermore, the filter provides a variety of connecting options while saving space with a 1U rack-mount design.
Power Filter Key Market Trends
- The rising trend of producing miniature circuits in electronic devices, increased performance, and market sustainability of the technology are some of the primary drivers fueling the global market. Furthermore, the global sector is seeing great growth as a result of the rapid expansion of the global consumer electronics market and the emergence of new electronic applications and features. Because of the sector's penetration into a range of industrial verticals, including digital signs and the military, the industry is expected to have excellent commercial opportunities in the next years.
Power Filter Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global power filter market analysis, the market is segmented based on type, application, and region. Based on the type, the three-phase filter segment of the market is projected to hold the most substantial share in the market. Based on the application, healthcare and communication segments of the market are projected to hold the most substantial share in the market. Based on the region, the North America region of the market is projected to hold the most substantial share in the market.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 268.6 million |
| Market size value in 2031 | USD 382.75 million |
| Growth Rate | 3.8% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Power Filter Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Power Filter Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Power Filter Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Power Filter Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Power Filter Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Power Filter Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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