The EMC Filtration market is projected to grow from USD 1.2 billion in 2023 to USD 1.6 billion by 2028; it is expected to grow at a CAGR of 5.5% from 2023 to 2028.
Increasing government efforts for electronic components and equipment manufacturers to comply with stringent EMC regulations will drive the EMC filtration market growth in the coming years. The rise in the usage of EMC filtration products in home appliances, data centers, building technologies, and many other fields will drive the growth of this market. Considering the health risks caused by electromagnetic frequencies, various developing countries are inclined towards deploying EMC regulations, further strengthening the EMC filtration market.
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Opportunity: Increasing demand in the telecom sector
In the telecom industry, the functioning and reliability of telecommunication equipment and devices are crucial, as the industry heavily relies on electronic devices like servers, routers, and switches to manage network traffic and data transmission. These electronic devices generate EMI and RFI, which can cause disruptions in communication and signal quality. EMC filtration prevents such disorders by reducing the levels of EMI and RFI in the electromagnetic spectrum. This is essential in the telecom industry, where any communication disruption can have severe financial consequences and impact public safety. Filters, chokes, capacitors, and other passive electronic components are used as EMC filtration solutions in the telecom industry to suppress EMI and RFI and provide a reliable and stable signal. These solutions also assist telecom companies in meeting regulatory requirements and compliance standards, such as the Federal Communications Commission (FCC) regulations in the United States, which mandate using EMC filters in telecom equipment to reduce EMI and RFI.
Challenge: Rapid technological developments in EMC Filtration
Rapid technological changes can significantly impact the growth of the EMC filtration market. The emergence of new technologies, such as 5G networks and the Internet of Things (IoT), has increased demand for advanced EMC filtration solutions. However, these technological advancements can also lead to new EMI/RFI challenges, necessitating the development of updated filtration solutions. Keeping pace with the rapid rate of technological change can prove challenging for companies in the EMC filtration market. It can result in longer development cycles, higher costs, and a more complex regulatory environment, making it difficult to develop new solutions that meet changing needs. On the other hand, rapid technological changes can also provide growth opportunities for the EMC filtration market. The emergence of new technologies can lead to an increased demand for advanced EMC filtration solutions, creating new markets and revenue streams.
Thursday, August 31, 2023
EMC Filtration Market Industry Outlook and Forecast To 2028
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