According to a new report, published by KBV research, The Global Power Filter Market size is expected to reach $317.8 million by 2028, rising at a market growth of 3.5% CAGR during the forecast period.
The Single-phase filter segment is expected to witness a CAGR of 3.6% during (2022 - 2028). Filters with a generic purpose are known as single-phase power filters, and they are used to minimize unwanted electrical disturbances in power lines. Interfering voltages on AC power lines are prevented from spreading into or out of the filtered equipment by single-phase EMI filters, which reduce their amplitude.
The Industrial Machinery segment dominated the Global Power Filter Market by Application in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $132.6 million by 2028. It is because manufacturing plants or chemical processing facilities, industrial buildings may have significantly higher air pollution levels. Additionally, leftovers from the production process, including dust particles, oil mist aerosols, and condensed vapors, can build up inside and outside the equipment, posing problems for process quality, equipment maintenance, and workplace safety.
The North America market dominated the Global Power Filter Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $103.6 million by 2028. The Europe market is exhibiting a CAGR of 2.8% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 4.3% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/power-filter-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Schaffner Holding AG, TE Connectivity Ltd., Kyocera Corporation, TDK Corporation, CTS Corporation, API Technologies Corp., COSEL Co., Ltd., Altran Magnetics, Inc., Bulgin Limited, and Curtis Industries (Powers Holdings, Inc.).
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