Common-mode Chokes Market by Type (Data Line, Power Line, Signal Line), Verticals (Aerospace & Defense, Automotive, Commercial, Consumer Electronics, Industrial) and Region - Global Forecast to 2028

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.

Rising trend towards industrial 4.0 technology worldwide will drive the common-mode chokes market growth in coming years. Increasing demand from automotive and transportation industry and rapid use of common-mode chokes in consumer electronics have allowed the development of common-mode chokes, further strengthening the market growth.

Common mode chokes have become more advanced and efficient in recent years. For example, new chokes contain crystalline cores, which are 8-10 times more effective than ferromagnetic and ferrite cores. These cores are also more compact and have a higher frequency range, reaching up to 300 Hz.

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Key Market Players
Major vendors in the common-mode chokes market include Eaton (Ireland), TDK Corporation (Japan), Murata Manufacturing Co., Ltd (Japan), Schaffner Holding AG (Switzerland), and YAGEO Group (Pulse Electronics) (Taiwan), among others.

The objective of the report is to define, describe, and forecast the common-mode chokes market based on type, verticals, and region.
The global market for power line common-mode chokes is primarily being driven by their increasing adoption in SMPS to avoid disturbance in the power line and additional interference in other systems and components connected to power lines.

Therefore, factors such as designing and optimizing common-mode chokes with power lines are considered while developing SMPS, which are used in various modern electronic systems owing to their ability to convert power with high efficiency.
The growth of the market for common-mode chokes in Asia Pacific can be attributed to the increased investments in deploying industrial automation solutions, robotics, and smart manufacturing. Ongoing technological innovation and increasing adoption of automation technology in various industries have accelerated the demand for common-mode chokes in the region.

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Recent Developments
• In July 2022, Littelfuse, Inc. (US) has announced announced the completion of its acquisition of C&K Switches (C&K). C&K is a leading designer and manufacturer of high-performance electromechanical switches and interconnect solutions with a strong global presence across a broad range of end markets, including industrial, transportation, aerospace, and datacom.
• In June 2022, TDK Corporation (Japan) presents three new B8272* series of compact EPCOS SMT common-mode chokes specially developed for low-voltage applications. They sustain voltages of up to 48 V AC (50/60 Hz) and 80 V DC and continuous currents between 1.8 and 19 A at an ambient temperature of 40°C. The new Series covers a range of inductance values between 0.59 and 5.6 mH.
• In June 2022, Yageo Group (Taiwan) has acquired all of the outstanding shares of KEMET Corporation (US) common stock for USD 27.20 per share in an all-cash transaction with an equity value of approximately USD 1.6 billion. As a result of the transaction, KEMET Corporation is now a wholly owned subsidiary of Yageo, and KEMET's common stock is no longer listed on any public market.
• In May 2022, Schaffner Holding AG (Switzerland) announced the extension of components for lighting applications. The new EMC filter series is designed to meet the requirements of LED driver circuits. Both the chokes have identical footprint and dimensions, offering the same CM inductance level.

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Frequently Asked Questions (FAQ):
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This release was published on openPR.