The Common-mode Chokes Market is projected to grow from USD 629 Million in 2023 to USD 820 Million by 2028; it is expected to grow at a CAGR of 5.4% during the forecast period.
Increasing requirements of common-mode chokes in consumer electronics will propel the growth opportunities for common-mode chokes manufacturers. Increasing use of common-mode chokes in communication application will boost the market growth. Performance limitations of low cost common-mode chokes will restrain the market growth.
Market for power line to grow at higher CAGR during forecast period
Common-mode chokes in power lines act as an electrical filter that helps block high-frequency noise common to two or more power lines and allows the desired online DC components to pass through. One of the major applications of these common-mode chokes is to filter out conducted switching and RF noise produced by SMPS. Connecting a power system to the AC line results in noise passing to that system which creates EMI or RFI in switch mode power supplies (SMPS). Common-mode chokes can be fixed between the power line and electrical equipment to avoid undesirable interferences within the internal circuits in the power supply and external electronic equipment nearby. Power line common-mode chokes offer the advantage of magnetic induction, which helps reduce common-mode noise in power electronics and meet stringent regulatory requirements.
North America to create highest growth opportunities for common-mode chokes market among other region during the forecast period
North America is expected to account for a significant size of the common-mode chokes market during the forecast period as the region is a technology hub witnessing advancements in industrial automation and the Industry 4.0 revolution. In recent years, massive investments have been made in the residential air-conditioning market, data centers, and telecom infrastructure, paving the way for the increased demand for commonmode chokes. Several standards related to emissions from electronics and susceptibility levels will increase the adoption of common-mode chokes in the region. EMI compliance in the US is regulated by the Federal Communication Commission (FCC), which monitors radio frequency devices such as transmitters, receivers, and various industrial and electronic equipment. Industrial equipment must comply with NEMA, ANSI, UL, SAMA, and IEEE standard tests to verify their behavior under EMI.
Market Dynamics
Drivers
Rising Use of Common-Mode Chokes in Automotive and Transportation Applications
Increasing Adoption of Industry 4.0 Technologies by Manufacturing Firms
Growing Deployment of Common-Mode Chokes in Consumer Electronics
Restraints
Performance-Related Limitations of Low-Cost Common-Mode Chokes
Opportunities
Stringent Regulations Related to Electromagnetic Emissions Causing Emi
Increasing Use of Common-Mode Chokes in Communications Applications
Challenges
High Complexities Related to Common-Mode Chokes
Key Attributes:
Report Attribute
Details
No. of Pages
229
Forecast Period
2023 - 2028
Estimated Market Value (USD) in 2023
$629 Million
Forecasted Market Value (USD) by 2028
$820 Million
Compound Annual Growth Rate
5.4%
Regions Covered
Global
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Common-Mode Chokes Market, by Type 6.1 Introduction 6.2 Data Line 6.2.1 Rising Trend of Automaton in the Manufacturing Sector to Propel Market Growth 6.3 Power Line 6.3.1 Integration of Common-Mode Chokes in Smps to Filter Rf Noise to Accelerate Market Growth 6.4 Signal Line 6.4.1 Strong Demand for High-Speed Data Transmission by Consumer Electronics Companies to Drive Market
7 Common-Mode Chokes Market, by Vertical 7.1 Introduction 7.2 Aerospace & Defense 7.2.1 Excellent Thermal Property and High Mechanical Performance of Common-Mode Chokes to Stimulate Their Demand 7.3 Automotive 7.3.1 Increasing Adoption of EVs and HVS Globally to Surge Demand for Common-Mode Chokes 7.4 Commercial 7.4.1 Rising Investments in Telecom Infrastructure Development to Accelerate Demand for Common-Mode Chokes 7.5 Consumer Electronics 7.5.1 Integration of IoT Technology in Consumer Electronics to Propel Market Growth 7.6 Industrial 7.6.1 Rising Adoption of IoT and IIoT in the Manufacturing Sector to Boost Market Growth 7.7 Others
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