About the Electromagnetic Compatibility (EMC) Filter Market
The growing popularity of EMC filters is attributed to their ability to facilitate the operation of electronic equipment in close proximity to electromechanical devices without degrading the performance and the output of the particular device.The major application of EMC filters is in energy-efficient drive systems, which hold the largest share followed by the automotive sector. The other main applications areas include rail technology, renewable energy, power supply for electronic devices, machine tools and robotics, electrical infrastructure, and other markets.
Technavio’s analysts forecast the global electromagnetic compatibility (EMC) filter market to grow at a CAGR of 6.44% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global electromagnetic compatibility (EMC) filter market for 2016-2020. The market size has been determined by considering the following factors:
Technavio Announces the Publication of its Research Report – Global Electromagnetic Compatibility (EMC) Filter Market 2016-2020
Technavio recognizes the following companies as the key players in the global electromagnetic compatibility (EMC) filter market: Astrodyne, EPCOS, ETS-Lindgren, Schaffner, and Schurter.
Other Prominent Vendors in the market are: TE Connectivity, TOTAL EMC Products, DEM Manufacturing, REO UK, and Gauss Instruments.
Commenting on the report, an analyst from Technavio’s team said: “A trend that has impacted the market positively is the acquisition of competitors by major players. Major players always try to merge or acquire rival companies to gain more market shares, better technology, and to reduce competition. Since there are only a few global players in the EMC filter market, this is a popular strategy, with which companies are able to make use of the technologies patented by their competitors as well as use the spending on R&D in other sectors.”
According to the report, a key growth driver is the need to achieve high energy efficiency. The manufacturing sector is concentrating on more energy-efficient units, which can run on variable loads and currents without affecting the production line or involving any downtime. For manufacturing industries worldwide, there is only one underlying motive – to reap maximum profits using minimum resources, rather than maximum profit with minimum capital.
Further, the report states that one challenge that could hamper market growth is the high cost of design. One of the biggest drawbacks of EMC filters is the high cost of design and manufacturing, which includes setting up of an R&D laboratory.
Astrodyne, EPCOS, ETS-Lindgren, Schaffner, Schurter, TE Connectivity, TOTAL EMC Products, DEM Manufacturing, REO UK, Gauss Instruments.
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