Infinium Global Research recent report on the Common Mode Chokes Market (By Type (Data Line, Power Line, and Signal Line, Others); By Application (Commercial, Industrial, Household Electric Appliances)): Global Industry Analysis, Trends, Size, Share and Forecasts up to 2030 provides a comprehensive outline of the factors responsible for the growth of the market. The global common mode chokes market was valued at over USD 650 million in 2022 and is expected to reach nearly USD 900 million in 2030, with a CAGR of above 4% during the forecast period 2023-2030.
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Common-mode choke is a device that consists of two wounds of wire coils on a magnetic core that chokes the signals common to both lines of the device while being low on electric resistance to unique signals to the one or other lines of the device. The common mode chokes market is primarily driven by rising demand from the electronic industry. Common-mode chokes in the consumer electronics vertical find applications in LCD (liquid-crystal display) panels, USB drives, power cables, computers, television sets, laptops, monitors, etc. Additionally, the rising focus on the miniaturization of electronic components integrated into consumer electronics and household products is expected to create growth opportunities for the providers of common-mode chokes.
Power Line to Dominate the Type Segment of the Common Mode Chokes Market
The common-mode chokes are used to reduce the asymmetrical interference level on power lines and circuits. The power line segment in common-mode chokes is primarily being driven by their growing adoption in SMPS to avoid disturbance in the power line and additional interference in other systems and components connected to power lines. This is used in several factors such as designing and optimizing common-mode chokes with power lines are also measured while developing SMPS, which are further used in various modern electronic systems due to their ability to convert power with high efficiency. Thus, the increasing adoption of different factors is propelling the growth of the segment in the market.
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Asia Pacific to Be the Dominant Region in the Common Mode Chokes Market
Asia Pacific generated a significant share of revenue in the Common Mode Chokes Market in 2021 and is expected to continue its dominance over the forecast years. The expanding economies in emerging countries such as India, China, and Japan are expected to show sizeable growth in the market in the Asia Pacific region. Moreover, the rising adoption of the product in energy management systems is also forecasted to surge common mode chokes market growth. The increasing penetration of several industries such as automotive, communication, transportation, and many others which utilize common mode chokes in developing as well as developed countries are providing significant growth of the market in the Asia Pacific region.
Major Players Operating in the Common Mode Chokes Market are Focusing on Collaboration and Partnership
The number of market players currently operating in the market is moderate with most of the players offering Common Mode Chokes across various sectors. The companies are focusing on strategic collaboration and partnership for the growth of the market. The companies operating in the market have their own distinctive advantage over each other. The major players in the market include Eaton, TDK Corporation, Murata Manufacturing Co., Ltd, Schaffner Holding AG, KEMET Corporation, Bourns, Inc., Digi-Key Electronics, knitter-switch, Laird Technologies, Inc., Taiyo Yuden Co., Ltd., and Others. Infinium Global Research recent report on the Global Common Mode Chokes Market is an encompassment of such recent developments in the global marketplace. The report delivers insights into the recent developments by leading players that have contributed to the growth of the market and also estimates the impact of recent developments on the global market.
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